🇩🇰 Opening a Bank Account in Denmark
Honest assessment of business banking for foreign founders in Denmark.
Danish banks (Danske Bank, Nordea, Jyske Bank, Nykredit) apply thorough KYC and anti-money-laundering checks. Opening a corporate bank account requires the CVR registration, articles of association, identification documents for directors and beneficial owners, and a description of business activities. Non-resident directors may face additional due diligence and longer timelines. Some banks require an in-person meeting, though increasingly video identification is accepted. Digital banks (Revolut Business, Wise) can serve as interim solutions.
Tips for Success
- Have all company formation documents ready before applying — trade licence, articles of association, certificate of incorporation.
- Prepare a clear business plan or description of your business activities, even if the bank doesn't explicitly ask for one.
- Consider digital/neo-banks as your first account — they typically have faster onboarding for new companies.
- Apply to multiple banks simultaneously rather than sequentially — rejection at one doesn't affect others.
This content is educational and does not constitute legal or tax advice. Always consult a qualified professional for your specific situation. Data last verified March 2026.