For many business owners with a Swedish Aktiebolag (AB), opening a business bank account in Sweden is not as simple as it might seem. Swedish banks have strict compliance requirements, and business owners often face delays or even rejection if their documentation isn’t up to par. Which banks to choose: Pros and Cons When…
Estonia, known for its innovative digital society, also has a well-established banking sector that blends traditional services with modern technology. Classical banks in Estonia play a vital role in facilitating financial transactions, supporting businesses, and providing various banking services to individuals. Ultimately, the coexistence of classical banking and fintech presents consumers and businesses with a diverse array of options, empowering them to choose financial services that best align with their preferences, needs, and priorities in today’s evolving digital economy.
Starting a business is an exciting endeavour, but before you can officially launch, you’ll need to set up a business bank account. This crucial step not only keeps your personal and business finances separate but also lays the foundation for financial stability and growth. In this guide, we’ll walk you through the process of successfully applying for a business bank account.
Starting from February 1st, 2023, there are some important changes to the Commercial Code. Instead of previous minimum share capital requirement 2500EUR, now there is no minimum capital requirement. As the smallest nominal value of a share is one euro cent, the share capital must be at least one cent from February onwards.
This is a guest post by Neat. The banking sector has not always been supportive to SMEs. Financial tools that are readily available to corporates are rarely as accessible for young or small businesses – and sometimes that can present a roadblock to entrepreneurs that want to expand their businesses worldwide. Let’s take a…
We are glad to announce our brand new partnership with international business account provider Neat. And what’s even better – we have added Neat to our Company Formation Portal in both Estonia and the UK. This is something unique as Neat will only accept Estonian companies that come through 1Office. Therefore, it’s a perfect opportunity…
Being able to work remotely and have a location-independent lifestyle is becoming increasingly popular and commonplace. People do not necessarily need to be at the office all-day, every-day and multiple studies have shown that remote workers can perform equally well, if not better than their counterparts. Working location-independently minimises costs, increases productivity and also leads…
Now it’s possible to start your company in Finland fully online thanks to 1Office Portal. Our Portal that has become very popular in Estonia and in the UK is now available in Finland as well. This new solution makes it possible to start a company, add banking solutions, insurance, address service, accounting and tax registrations all…
Now it’s easier than ever to start a company in the UK. 1Office offers now a unique solution where creating a company, adding banking solutions from Wise, ordering address service and accounting can be all done online, in one place and within 20 minutes. This option is available for both local and foreign entrepreneurs. …
Setting up your Estonian company with its own bank account details is now much easier with 1Office’s recent cooperation with international money transfer provider Wise. Customers can now establish a company, open a bank account and add other necessary services from one place. And all this can be done online and with only a few…