Opening an account
Documents needed for opening an account
Opening a bank account for your business is easy when you have the required documents with you in Finnish, Swedish or English:
An extract from the trade register, no more than three moths old.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
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/. 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.