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One might imagine so. However, when we were ‘fired’ from OP in 2018, we had a 50 kE account limit there, which was probably quite profitable for the bank, plus personal banking services. The account was closed and the limit was due for payment immediately – though I managed to negotiate...
Does anyone have experience with opening and keeping business accounts open in Finland? This has now become a problem, as the company has had an account with Alisa for 2-3 years. For the first time ever, I withdrew slightly larger sums at once (five-figure sums, so not millions yet...
Hi, thanks for these enlightening examples! I don’t know why, but I only found this channel now. I have a few questions regarding this so-called “forced” generation transfer and specifically how SVOP (Invested unrestricted equity fund) behaves in this situation. Background: An investment...
Here is a new article from Investco’s Sampsa Leskinen. This text is a continuation of our previous article “What happens to an investment company after the owner’s death”, which covered how the process proceeds from the owner’s death to the distribution of inheritance and the subsequent...
I agree with Jackkk that the answer is 4,999 €. This has been clarified; section 2.2 of the Tax Administration’s guidance lists sales included in turnover, and in my view, securities trading conducted on one’s own account is not considered sales of financial and insurance services...
Thanks for the question! In such a company, securities are practically always classified as either a) Investments in non-current assets (Pysyvien vastaavien sijoituksiin) and for tax purposes, Other assets (Muu omaisuus) or b) Current assets (Vaihto-omaisuus) The distinction between...
We have also noticed that opening new bank accounts is very challenging for companies dealing with cryptocurrencies, especially in Finland. There have also been individual account closures. The following is speculative, but here are my own thoughts. Mere account customers are so ...
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