{"id":102,"date":"2023-06-09T12:41:56","date_gmt":"2023-06-09T12:41:56","guid":{"rendered":"https:\/\/lawyerssweden.com\/?p=102"},"modified":"2024-04-01T12:32:48","modified_gmt":"2024-04-01T12:32:48","slug":"open-a-bank-account-in-sweden","status":"publish","type":"post","link":"https:\/\/lawyerssweden.com\/open-a-bank-account-in-sweden\/","title":{"rendered":"Open a Bank Account in Sweden"},"content":{"rendered":"\n

Opening a bank account <\/strong>when you are in a jurisdiction that is not your home country is a fundamental necessity and decisive advantage. Even more, if you find yourself in any European country. This is especially true because opening a bank account in any of these countries will allow you to make commission-free transfers between other accounts belonging to the Single Euro Payments Area (SEPA). And that’s precisely the case when you open a bank account in Sweden<\/strong>. You will obtain these benefits and more when opening in with our local law firm<\/strong><\/a>.<\/strong><\/p>\n\n\n\n\n\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t
\n\t\t\t\t Quick Facts<\/th>\n\t\t\t\n\t\t\t\t <\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t
\n\t\t\t\tMandatory bank account for companies (Yes\/No)<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tYes<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tMandatory residence requirement to open a bank account in Sweden <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tFor EU nationals –  No
\n\t\t\t\t\tNon-EU nationals – can open a bank account
\n\t\t\t\t\tin Sweden if he\/she has a residence permit<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\t

\n\t\t\t\t\tBank account opening time <\/p>\n\t\t\t<\/td>\n\t\t\t

\n\t\t\t\tNormally between 2-4 weeks  <\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tRequired documents – companies <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tCertificate of incorporation;company's articles of incorporation, a director's declaration, and the shareholders' and directors' identity documents.
\n\t\t\t\t\t
\n\t\t\t\t\tOther paperwork as asked by the concerned bank.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tRequired documents – individuals <\/td>\n\t\t\t\n\t\t\t\tPassport; residence permit; Swedish ID card; Personnummer (Swedish ID number).<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tBank fee<\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\tThe majority of Swedish banks charge a yearly maintenance cost but do not often impose a regular ATM fee. This will be roughly 250 SEK for the majority of banks (25 USD). Although the most of Swedish banks do not have a minimum deposit requirement, it is uncommon to locate a Swedish bank account with totally no fee.<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tInitial deposit <\/td>\n\t\t\t\n\t\t\t\t

\n\t\t\t\t\t250 SEK (25 USD)<\/p>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t

\n\t\t\t\tTypes of accounts <\/td>\n\t\t\t\n\t\t\t\t Current accounts; savings accounts; corporate accounts;
\n\t\t\t\tmerchant accounts <\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tOnline banking   <\/td>\n\t\t\t\n\t\t\t\tYes. With electronic ID card, called BankID<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tLocal agent required to open a bank account
\n\t\t\t\tin Sweden   <\/td>\n\t\t\t		\n\t\t\t\tNo, but available on request <\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tInternational banks present in Sweden <\/td>\n\t\t\t\n\t\t\t\tDeutsche Bank, Bank of China, Danske Bank,
\n\t\t\t\tBanco Santander, etc.<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tRequirement to travel to open a bank account in Sweden (Yes\/No)<\/td>\n\t\t\t\n\t\t\t\tNo <\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tPossibility to open a remote bank account
\n\t\t\t\tin Sweden <\/td>\n\t\t\t		\n\t\t\t\tYes, in selective banks<\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tLegal representative requirement <\/td>\n\t\t\t\n\t\t\t\tNo, but it is suggested to acquire such a service for your ease <\/td>\n\t\t<\/tr>\n\t\t
\n\t\t\t\tBank account creation services availability <\/td>\n\t\t\t\n\t\t\t\tYes, our lawyers in Sweden<\/strong> can help clients open bank accounts<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n\n\n\n
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