Opening a bank account in Sweden
Sweden is a country with a stable economy and a developed banking system. It is, therefore, popular for immigration and for opening businesses, including branches of foreign companies. However, you cannot do without a bank account in Sweden. People need it to obtain residence permits and citizenship, make deposits, purchase property, etc. Legal entities open accounts to work freely with counterparties from the eurozone. Lawtter Solutions offers clients the opportunity to open a bank account in Sweden quickly and profitably.
Services
The cost of the service
Term for opening a bank account
Support
Account opening type
Opening an account
Basic information
More than 100 banks have a banking license in Sweden. The country’s financial regulator,
Finansinspektionen (FI), monitors compliance by organizations that serve local and foreign citizens and companies.
Non-residents in Sweden can open two types of accounts: payment accounts (with the subtypes Betalkonto, Privatkonto, Lönekonto, Transaktionskonto, or Personkonto) and savings accounts. Sweden offers quite high deposit rates, so savings accounts are popular there. Foreign citizens can also get a bank card.
Legal entities can open an account in Sweden to conduct business activities abroad. The country does not offer offshore accounts. Registration can take place online, but you must visit a branch of a financial organization for verification. It is not possible to pass it while abroad.
Advantages of opening a bank account with a Swedish bank
Many people and companies seek to open a bank account in Sweden because it allows you to get a number of advantages. The main ones are as follows:
Sweden is a member of the European Union
Because of this, all transactions within the eurozone will be fast and have low fees.Stability
Sweden has a stable political situation, economy, and banking system. Political and economic shocks are extremely rare, so money in this country is safe.State guarantees
The state guarantees protection of deposits and compensation to depositors if the bank is declared bankrupt or loses its license.Comparatively low fees
The cost of account maintenance and transaction fees in Swedish banks is lower than in financial institutions of a number of other eurozone countries.Affordable lending
Swedish banks offer customers the opportunity to obtain loans. Interest rates here are also among the most attractive in the eurozone.Stages of opening an account
Lawtter Solutions and its services
Lawtter Solutions offers clients the opportunity to register a Swedish bank account. Our experts can help you open an account with any of the leading banks in Sweden, such as:
- Swedbank AB;
- Nordea Bank AB;
- Carnegia Investment Bank;
- Forex Bank;
- Skandinaviska Enskilda Banken
- AB (SEB,) and others.
Lawtter Solutions works according to a strict procedure. It involves 5 steps, including:
Lawtter Solutions will complete all the necessary steps to open a Swedish bank account and provide full legal support for the process.
Documents
Documents for account opening
Opening a Swedish bank account will require a package of documents.
Before opening an account, individuals will have to prepare the following list of documents:
- ID;
- Taxpayer Identification Number;
- Proof of residential address;
- Confirmation of origin of funds;
- Resume (CV).
As for legal entities, they need to provide the following list of documents:
- Constituent documents of the company;
- Identification documents of the director, shareholder, and manager;
- Confirmation of residential addresses of director, shareholders, manager;
- A power of attorney issued by a director (provided the documents are filed by the account manager);
- Confirmation of origin of funds;
- Contracts with partners.
This list is indicative. Swedish banks may require additional documents. Lawtter Solutions specialists will provide more detailed information about the list of required documents during a consultation.
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+1 484 457 89 11 
+44 745 819 79 87 Important: Lawtter Solutions does not provide services to citizens and residents of the Russian Federation.