A Credit Union can legally offer services typically offered by a fully licensed bank, such as taking deposits and making loans as long as services are offered to members of the Credit Union only. The type of Credit Union we offer is registered in Sweden, a full member of the European Union. The entity can have up to 1000 members and be exempt from bank license requirements. Members can be of any nationality and reside anywhere in the world. The board of directors (minimum 3 directors) may be of any nationality, although 50% or more should have an address within the European Union. We can also offer nominee directors if required.

The Credit Union is not a suitable entity for offering any type of financial service to the general public. The members should belong to a private closed group with a common interest. If services are offered to the general public the CU would be required to register with the Swedish Financial Services Authority. Please visit www.swedishcreditunion.com for further details.

Formation cost from EUR 28,000.00.

Available add on services include:

NexorOne® Online Banking System

Eurowire® Membership

Website design and secure hosting

Full IT Support and training

 
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