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Starting business in Sweden

Begin your entrepreneurial venture with confidence as we navigate the complexities of company formation in Sweden. Our professional consulting services are designed to ensure your success.

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How to open a bank account for business in Sweden?

Thinking about doing business in Sweden? One of the first steps to settling into your new life is opening a Swedish bank account. The good news? It’s a relatively straightforward process — and Sweden’s leading banks offer tailored solutions for expats, students, freelancers, and business owners alike.

Whether you’re looking for a checking account, a savings plan, or a business account, Sweden’s financial institutions have you covered.

List of bank supporting to open business account in Sweden (2025)

1. Nordea

Website:

https://www.nordea.se

  • User-friendly mobile app & e-banking

  • Recommended for newcomers

  • Best for expats and digital banking

2. SEB (Skandinaviska Enskilda Banken)

Website: https://www.seb.se

  • Great for professionals and businesses

  • Strong digital infrastructure

  • Offers services for startups and international clients

3. Swedbank

Website: https://www.swedbank.se

  • Popular for personal banking and SME support

  • Extensive branch network

  • Full suite of online services

4. Handelsbanken

Website: https://www.handelsbanken.se

  • Known for personalized service

  • Strong local presence

  • Supports both individuals and foreign businesses

Requirements to open a business bank account in Sweden

To open a business bank account in Sweden, you must provide a comprehensive set of documents to satisfy legal, regulatory, and bank-specific requirements. Here are the main documents and information typically required, based on the latest guidance from Swedish banks and digital providers:

Document Type

Company registration

Constituent documents

Identification/personal documents

Business information

Ownership/structure

Tax/regulatory details

Bank forms/declarations

Proof of capital/source of funds

Supporting documents (if requested)

Description/Examples

Certificate of incorporation

Articles & memorandum of association

Passports/IDs, proof of address for directors/owners

Business plan, activity description, projected turnover

List of directors/shareholders

TIN, VAT, CCSS number, licenses

Application forms, KYC/AML, letter of motivation

Bank statements, contracts, investment agreements

Major contracts, client/supplier info, organization chart

Our specialists advise:

When selecting a banking solution in Sweden, it is essential for businesses to assess their company size, financial requirements, transaction volume, and long-term growth objectives. Traditional banks offer comprehensive services, credit facilities, and in-depth advisory, making them ideal for established companies with complex needs and a focus on building lasting relationships. Meanwhile, digital banks and EMI providers deliver quick, flexible, and cost-effective solutions, perfectly suited for startups, SMEs, international businesses, and e-commerce ventures seeking seamless digital onboarding and multi-currency capabilities.

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Recommended Banking Strategy for Newcomers in Sweden

  • No personnummer? Start with Nordea — they offer easier onboarding for expats.

  • Prioritize banks with mobile apps and BankID integration for full access to Sweden’s digital services.

  • Business owner? SEB and Swedbank offer robust packages for startups and SMEs.

 

If you're unsure which option is right for your business or need step-by-step assistance with the account opening process, Yan Incorporation's team is here to help. We offer tailored consultations to match your corporate structure with the most suitable banking solution in Sweden or across Europe.

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