> Although Sweden is a bit strange in the fact that banks have as much equal say as the government authority does in you starting a company, and if they don't want you as a customer, they can simply deny the right for your company to start!

Wait, how does that work? Are you saying that if the bank doesn't like me, instead of just denying me a loan, they can convince other banks not to loan to me as well?

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yoavm 5 hours ago | parent | next [-]

It's not about a loan. You have to put ~2,000 EUR in your company account in order to start it, and they might refuse opening an account for you. They're not going to talk with other banks, but if they have a good reason to think working with you is going to be difficult, chances are other banks will think so as well.

	▲	KomoD 5 hours ago \| parent [-]
		That's actually not the only option. You can also transfer property (apportegendom) to the company, such as vehicles, machines, patents/copyright/trademarks, real estate or pretty much anything of value, to use as your share capital. You just have to specify it when registering the company, and have an accountant certify the value. But obviously, it's more annoying and you have to keep track of depreciation.

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VadimPR 5 hours ago | parent | prev | next [-]

They can't convince others, so I shopped around until I found a willing bank. This is due to introduced KYC requirements and the harsh penalties associated with them - so banks are preferring to err on the side of caution.

Same story goes for opening a personal account.

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badrequest 5 hours ago | parent | prev [-]

it sounds more like they can choose not to work with you just like in America, but maybe the reasons are allowed to be more spurious