To open a business account in Finland you usually need a registered company with a Finnish business ID, the Y tunnus, a trade register extract under three months old, identity documents for the people who control the company, and details of the beneficial owners. Providers then run identity and anti money laundering checks. The exact list varies by provider.
- Business ID
- Y tunnus from the Trade Register at the PRH
- Company proof
- Trade register extract, usually under three months old
- Identity
- Passport or national identity document for signatories
- Also expect
- Beneficial owner details and a description of the business
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
What you need to open a business account in Finland
Requirements are broadly similar across providers, with the detail varying. As of 25 February 2026, you generally need the company to be registered and to hold a Finnish business ID, the Y tunnus, issued by the Trade Register at the Finnish Patent and Registration Office. You then prove the company and the people who control it, and pass identity and anti money laundering checks. Confirm the exact list with your provider, since it changes.
Core documents
Most providers ask for a similar core set, as of 25 February 2026. Verify with the provider
- An extract from the Trade Register, usually under three months old, showing the company and its signatories.
- A valid identity document, such as a passport or national identity card, for each person who controls or represents the company.
- Details of the beneficial owners, meaning the people who ultimately own or control the company.
- A short description of the business activity and, for some providers, expected turnover or payment flows.
Extra checks and variations
Beyond the core set, providers can ask for more depending on the structure. As of 25 February 2026, that can include the articles of association, proof of address, and source of funds information. Where an owner or director lives outside the EEA, expect extra steps and possible permission from the Finnish Patent and Registration Office for company roles. Online providers often handle this remotely, while a traditional bank may take longer. Confirm what applies to your case with the provider.
Compare business accounts available in Finland
These providers accept business customers in Finland. Fees and eligibility shown as of 25 February 2026. Confirm current terms with the provider before applying.
Compare business accounts →Questions about business banking in Finland
What documents do I need to open a business account in Finland?
Do I need a Y tunnus to open a business account?
How recent must the trade register extract be?
What extra documents might a non resident need?
Fees, features, and eligibility change and vary by region. This page was last reviewed on 25 February 2026. Confirm current terms with the provider before applying.