Each bank in Finland has its own requirements for opening a bank account, but they all agree on the main rule. To open an account, you need to live, study, own real estate or have a steady income in the country. If these criteria are met, then even a non-resident of Finland can perform this operation, and it will be necessary to explain in detail the sources of their income.
Instructions
Step 1
Contact the Finnish bank of your choice to open an account. The account can be issued both in Finnish marks and in other convertible currencies. The paperwork usually takes one to two weeks to complete. It should be noted that individuals cannot use bank accounts for commercial activities. Consult with the bank manager about all the intricacies and nuances of opening an account.
Step 2
Collect the following package of documents if you are an individual: passport, explanation of the purpose of the account, information about the place of residence, a certificate from the employer or from the place of study, a certificate of the taxation country, information about the planned cash flow on the account, information about accounts in other banks, as well as an explanation of the origin of the cash deposit. In addition, indicate the details of your contact person in Finland and provide a letter of recommendation from him.
Step 3
Submit the package of documents required from non-resident legal entities to open a current account: an extract from the commercial register, a certificate of company registration, a certified copy of the charter and articles of association, an extract from the meeting minutes with a decision to open an account in a Finnish bank.
Step 4
Indicate the details of the owners of the company, if the owner is another company, then also provide a copy of its certificates and articles of association. Get a letter of recommendation from the bank that serves the business at your location. Write a letter explaining the purpose of the account opening and the planned average annual balance. Write a report on the activities of the company.
Step 5
Complete all documents in Swedish, Finnish or English. Submit them to the Bank of Finland for consideration. The decision to open an account is usually made on the day the application is submitted, and it can take about two weeks to process the card.
