A bank account can be opened for a registered company, but in certain contexts, an account is necessary even before the company is entered in the trade register. A company needs the bank account for purposes including payment of share capital, processing payment transactions and in support of accounting.
If the person opening a bank account for a company has the required documents when visiting the bank, the process runs smoothly. When a foreign company opens a bank account, the required documents include a report on the intended bank transactions.
Documents required for opening a bank account may vary somewhat by bank group. Further information on opening a bank account, and other banking services, is available directly from the banks. All banks operating in Finland are listed on the website of the Financial Supervisory Authority.
Documents required for opening a bank account
The following is a general description of the measures and documents required for opening a bank account for a company. As a rule, various bank groups adhere to similar practices, but due to possible differences, there is no set of unambiguous and exhaustive instructions for opening a bank account. You must therefore contact the bank group you have chosen, in order to verify the required measures and documents.
Opening a bank account (pdf, 265,56 kt)