Opening an account for your business

• An extract from the trade register, no more than three moths old.
• If you are in the process of forming a limited liability company, the extract from the trade register is replaced by a “formation package”, available at the website of the Finnish Business Information system http://www.ytj.fi/Opens new window. The Memorandum of Association may not be older than three months.
• A decision of the Board of Directors stating the account users is also required; eg as follows:
  ”It was decided to authorise the below persons to use the account no 123422-12345: [names and personal identity numbers].
• The person opening an account must also present an identity card. 
• A company, association and foundation is required to present an extract from the trade register and articles of association. The person who signs an agreement on behalf of a company, association or foundation must be registered in the trade register as a representative authorised to sign for it. Likewise, a person granted the right to use an account must be an authorised representative. 

A copy of the minutes of a board meeting is required depending on the company form of the customer:

Limited liability company

•  not required if the agreement is signed by persons registered in the trade register as authorised representatives

Housing company and mutual real estate company

• minutes of a board meeting required 

General partnership and limited partnership

• not required; signature of one general partner is enough (unless otherwise stated in the company rules) 

Association, cooperative and foundation

• minutes of a board meeting required