All you need to set up your own business!

Are you planning to become self-employed or set up your own business? We have created a convenient way of setting up a private trader company (toiminimi in Finnish) in cooperation with Varma and UKKO Pro.

An easy way to set up as a private trader

Register your private trader company and pay no initial fee for becoming a corporate customer.

When taking your first steps as an entrepreneur, many things can seem overly complicated. You must handle invoicing, bookkeeping, VAT declarations, tax payments, pension insurance and lots of other things. Sounds hard? No reason to worry. We will help you set up your business quickly and effortlessly without having to fill in dozens of forms. 

Nordea will provide the benefit provided that your company is accepted as a Nordea customer after you have established it and that you sign up for the Nordea Accounting Plus service. Together with our partners Varma and UKKO Pro, we have created a hassle-free “turnkey solution” for setting up your private trader company and receiving the services you need for running your business. 

All you need to set up your own business

  1. Registering your private trader company in the Trade Register free of charge**
  2. Nordea Accounting Plus – invoicing and bookkeeping for private traders (87,60€/month, incl. VAT)
  3. Banking services 
  4. YEL insurance

** Business ID, official notification to the Tax Administration and Nordea’s initial fee for corporate customers (normal fee 100 euros). When you register as a private trader through our online service and start using the Nordea Accounting Plus service, you pay no initial fee for becoming a corporate customer. 

Your private trader company will be established and registered in the Trade Register by our partner UKKO Pro. Registering your company in the Trade Register is voluntary and subject to a fee.

Easy and simple, isn’t it?

Your total benefit

When you register as a private trader through our online service, you will save 275 euros* and receive a 22% discount on your YEL contributions for the first four years. 

* The total benefit includes no initial fee for becoming a corporate customer and Nordea Accounting Plus service two months for free. 

1. Registering your private trader company in the Trade Register

Registering your private trader company and becoming a corporate customer at Nordea

Your private trader company will be established by our partner UKKO Pro. On the other hand, doing the registration to Trade Register yourself is the quickest and most affordable option.

You will gain the following advantages from registering your private trader company:

  • Your company name will be protected. No one else may use your company name for business activities.
  • You will gain more credibility. Customers and partners searching for information on your company may find it odd if it is not registered. 
  • You can do your banking more conveniently. You can digitally sign agreements for your company without having to come to our branch.
2. Private trader’s invoicing and accounting
3. Banking services
4. Self-employed person’s pension insurance (YEL)

Registering your private trader company and becoming a corporate customer at Nordea

Your private trader company will be established by our partner UKKO Pro. On the other hand, doing the registration to Trade Register yourself is the quickest and most affordable option.

You will gain the following advantages from registering your private trader company:

  • Your company name will be protected. No one else may use your company name for business activities.
  • You will gain more credibility. Customers and partners searching for information on your company may find it odd if it is not registered. 
  • You can do your banking more conveniently. You can digitally sign agreements for your company without having to come to our branch.

Private trader’s invoicing and accounting – Nordea Accounting Plus

You can now get the first 2 months of the Nordea Accounting Plus service free of charge (your benefit EUR 175.20, including VAT)!

Our pricing is straightforward and transparent. Our pricing is not tied to the amount of your revenue, so you always know your fixed monthly pricing in advance (EUR 87.60 per month).

  • Every company in Finland is obliged to keep accounts of its business.
  • With the Nordea Accounting Plus service, you can handle your bookkeeping and invoicing easily, in addition to which you can track your private trading company’s finances and invoicing in real-time.
  • You can read more about the service here – the service is provided by our partner UKKO Pro.

Banking services

We recommend Nordea Business Start corporate package for new corporate customers.

Self-employed person’s pension insurance (YEL)

All new entrepreneurs get a 22% discount on their YEL pension insurance contributions for the first four years. 

  • As a private trader, you will need a YEL pension insurance almost without exception. 
  • You are obliged to obtain a YEL pension insurance if your business activities last for at least four months and your estimated annual trade income is more than EUR 7,958.99 (in 2020).
  • The YEL pension insurance is obtained from Varma

How do I set up a private trader company and sign up for the services?

Click on the “Set up your own business” button below and fill in the requested information.

  1. The information will be forwarded to the Finnish Patent and Registration Office, which will register your business within 4–5 workdays.
  2. Once your company has been set up, we will contact you to discuss establishing a corporate customer relationship with Nordea and activating your services.
  3. After that, you will have access to the necessary services and can start your business activities.

Ready to become an entrepreneur?

Set up your own business and sign up for all the services you need!

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