Securities account

How to open securities account?

The securities account can be opened remotely by a locally established company.

Applicable for customers with Swedbank’s current account

Please book an appointment and a consultant will guide you through the process.

Applicable for customers with Swedbank’s current account

Before opening a corporate securities account, please open a current account.

Where could I invest?

Stocks – a wide variety of Baltic and global stocks.
Investment funds – choose a fund suitable for you and the investment decisions will be made by professional investment managers. Transactions with investment funds also do not require the LEI code.
Exchange-traded funds (ETF) – with just one investment, you get a wide range of instruments: from stocks and bonds to commodities and currencies.

Need advice?

Free investment consultation. Call our licensed investment consultants on 67444442 (on workdays, 9:00 – 17:00) or book a remote consultation at a time convenient for you.

Need the LEI code?

You can get it for favorable conditions from our partner LEI Register

What’s the LEI code and what’s it for?

The LEI (Legal Entity Identifier) is an international 20-character code that is required for companies performing transactions with financial instruments.
It ensures supervision of the global financial system and market transparency.
The code needs to be applied for and it is issued by certified companies. You can get it for favorable conditions from our partner LEI Register.

The LEI is not needed if you purchase units in Robur or other non-exchange traded investment funds. In all other transactions with financial instruments it will be required.

Choose one of the certified organizations that assign the LEI codes.
On the website of the selected organization, you’ll need to submit and confirm the required details about your company.

Normally, it takes up to five business days.

There’s a registration and annual subscription fee for the LEI code. For this reason, when choosing the LEI code issuer, we recommend considering the organization’s LEI code issuance process and the expected expenses.

The bank automatically gets information about companies included in the LEI code register once every working day. No additional notification is required.

For questions regarding financial instrument transactions, please use your preferred mode of communication:

e-mail: emir@swedbank.lv
phone: 6744 4141

The Customer, by entering into this Agreement, confirms that:

has read and agrees to the Terms of Securities Account/Brokerage Agreement;
has read and agrees to the Order Execution Policy;
has read the Guide for Transactions in Financial Instruments;
agrees that the Bank is entitled to execute Customer’s orders outside regulated markets and outside the multilateral trading facility;
The Client is not a resident of the USA.

Safekeeping fee is calculated based on the value of the portfolio on the last date of the calendar month. Securities are priced according to the month end prices of the Bank’s local agents, market price or nominal value. Bonds are priced at nominal value. Fees are debited on the 20th or later date of the following month from the Client’s cash account linked to the securities account.
ETF safekeeping fee equals to the safekeeping fee of its trading country.
Safekeeping of Depositary Receipts (ADR, GDR) is subject to the respective DR Agent’s fees in addition to safekeeping fees.

Fee for the tax reclaim or voting service will be debited from the Client’s cash account linked to the securities account within 15 days after the tax reclaim documents or voting documents were submitted. External costs debiting may also happen in later months depending when the Bank is invoiced by its counterparty. The fee will not be refunded in case the application is rejected by third parties.
Maintenance fee of an owner account is charged in addition to monthly securities safekeeping fee. Owner account is an account in the name of the Client opened at Nasdaq CSD SE and used only on behalf of the specific Client.
Owner account at Nasdaq CSD SE may be opened only at the branch office.

Further information on securities accounts and transactions and payable and paid charges is available from the Bank.
If the Bank is obliged to pay taxes, fees, interest, penalties or incur other costs (that are not covered in the Bank’s price list below) for the provision of securities safekeeping and transaction services to the Client, the Bank shall have the right to debit such amounts from the Client’s Cash Account without Client consent.

The price list is not applicable to financial institutions and is agreed separately with the Bank.

Service	Price, EUR
Receiving
Account opening	0.00-4.50 Via Internet Banking - Free of charge At branches - 4.50
Account statements
Statement of holdings	0.00-7.00 Via Internet Banking - Free of charge At branches – 7.00
Statement of transaction	0.00-7.00 Via Internet Banking - Free of charge At branches – 7.00
Monthly Securities Safekeeping Fees options
Swedbank Group funds	Free of charge
Baltic securities	Free of charge
Other investment funds, equities and bonds*
- Up to 100 000 EUR**	Free of charge
- From the value above 100 000 EUR**	0.008%
* Securities registered in Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Netherlands, Norway, Poland, Portugal, Russia, Spain, Sweden, Switzerland, UK, USA and Depositary Receipts (ADR, GDR), Eurobonds. ** Swedbank Group Funds and Baltic securities are excluded from the calculation of the portfolio value for safekeeping fee calculation.
Other countries	Subject to agreement
Other services options
Owner account opening at Nasdaq CSD SE	50.00
Owner account monthly account maintenance	50.00
Participation in general shareholder meeting	120 EUR + external costs + VAT The service fee is subject to 21% VAT. The general meeting service is subject to availability on each specific market.
Processing of electronic voting instructions at general meeting	50 EUR + external costs + VAT The service fee is subject to 21% VAT. The general meeting service is subject to availability on each specific market.
Other corporate action	Subject to agreement We set the fee for other corporate actions as „Subject to agreement“ as the range and technical nuances vary.
Tax reclaim	60 EUR + external costs + VAT The service fee is subject to 21% VAT. The tax reclaim service is subject to availability on each specific market.
Tax relief at source	Free of charge The tax relief at source service is subject to availability on each specific market.
Mandatory corporate actions	Free of charge
Closing
All securities account types	Free of charge
Transactions with securities	See Securities and Other Exchange-traded financial instruments
Transactions with investment fund units	See Investment Funds

Effective from 01.04.2023.

Norwegian dividend taxation

As of 1 January 2019, rules concerning the application of a withholding tax at a rate lower than 25 per cent are in force for dividends paid out by Norwegian companies to foreign shareholders.

Statutory rate of the tax – 25%
Treaty rate of the tax for Latvian residents – 15%

The tax rate under the treaty may be applied if the customer’s country of tax residence is Latvia and the customer has submitted valid documents to the bank in accordance with the requirements set out below. In addition, the stocks must be held in the securities account on the ex-dividend date.

The documents required for the application of the reduced withholding tax rate must be submitted by the customer no later than three business days before the ex-dividend date.

The customer is liable for the submission and accuracy of the required documents and for payment of all taxes associated with the securities. The bank will not be liable for any loss incurred by the customer as a result of the tax rate applied or the failure to submit or late submission of the documents. The bank is not obliged to remind the customer to submit or update the documents required to apply the reduced tax rate.

Resident certificate issued by the Latvian State Revenue Service (VID).

The certificate must include a reference to the treaty between Norway and Latvia on the avoidance of double taxation.

As the resident certificate is valid only for the current year, the resident certificate must be submitted each year for which the tax rate under the treaty is applied.
Confirmation by the dividend recipient that they are the beneficial owner of the dividend.

A sample document is available here. The document submitted is valid until the facts stated in it change and the customer submits a new certificate.
Guidance on how to fill out the document is available here.

Legal entities are advised to submit the application to the Norwegian Tax Administration for a reduced income tax rate in good time. The confirmation and the additional documents listed above can be applied for and submitted to the bank from 01.01.2019 prior to the ex-dividend date. Once Swedbank receives the confirmation, the customer will be entitled to the tax rate under the tax treaty.

Confirmation that the recipient of the dividend is entitled to withholding of the tax at the reduced rate.

To obtain such confirmation, the customer must apply to the Norwegian Tax Administration the reduced income tax rate or exemption from the tax at the following address:

Central Tax Office – Foreign Tax Affairs (SFU)
Skatteetaten
Postboks 9200 Grųnland
0134 Oslo
NORWAY

Please note that the above form must include the resident certificate issued by the State Revenue Service and the consent obtained will remain in force until the circumstances on which it is based change. If they have changed, the customer must submit a new confirmation.

Issued by the Latvian State Revenue Service (VID).

The certificate must include a reference to the treaty between Norway and Latvia on the avoidance of double taxation.

As the resident certificate is valid only for the current calendar year, the resident certificate must be submitted each year for which the tax rate under the treaty is applied.

A sample document is available here. The document submitted is valid until the facts stated in it change and the customer submits a new certificate.

Guidance on how to fill out the document is available here.

If exemption from the tax (0% rate) is granted on the basis of the confirmation, the confirmation is valid for 3 years after the first submission or until the facts stated in it change. The customer must submit such confirmation every 3 years after the initial acceptance.

The confirmation must be submitted before 3 years have elapsed from the date of the initial approval.

Suggested process for legal entities:

Clarify with the Norwegian Tax Administration your eligibility for the reduced tax rate or tax exemption.
Obtain the resident certificate for the current calendar year from the State Revenue Service.
Fill out the beneficial owner confirmation.
Gather all the documents obtained and submit them to the bank before the ex-dividend date.
Submit a new resident certificate issued by the State Revenue Service for each subsequent calendar year.

Documents can be submitted to the bank throughout the year, but to receive the tax treaty rate, documents must be submitted within 3 business days before the ex-dividend rate. If the required documentation is not submitted to the bank by the ex-dividend date, the dividends will be paid with withholding tax at the statutory rate (25%).
The resident certificate issued by the State Revenue Service must be renewed every year, as it is valid only for the current calendar year. But if the ex-dividend date falls in the 3rd quarter, you can obtain the resident certificate in the summer, for example.
General information about the documentation requirements for the reduced withholding tax rate.

How to submit the necessary documents to the bank

To submit the documents, private customers need to select from the menu: Payments, accounts > Document signing > Document upload.

Business customers upload documents via Business Internet Banking.

Press the "Upload new document" button.

Choose Type > Investment Agreements

The subtype must be selected according to the uploaded document. Each document is uploaded under separate, specific subtype. Only relevant subtypes are available for private and business customers.

Make sure you have submitted all the necessary documents.

All documents presented to bank have to be manually signed (preferably with blue ink pen)! Manually signed document has to be scanned and uploaded.

Documents are valid until underlying circumstances will change, in which case client has to present new documents and notify bank.

Finnish dividend taxation

As of January 2024 Finnish dividend recievers have to submit a new form – Investor Self-Declaration (dividends). The declaration is valid for the year of submission and the following 5 years or until the underlying circumstances change. The previously provided Beneficial Owner Confirmation is not valid from 01.04.2024.

Please fill out the new form and upload with your Certificate of Residency.

NB! Please mark all your securities accounts at Swedbank where Finnish securities are or will be held.

As of 1 January 2021, new rules for the application of a lower withholding tax rate on dividends paid by Finnish companies to foreign shareholders, in contrast to 30/20% applied to foreign residents, are force in Finland.

Important! The reduced withholding tax rates are not applicable to Finnish securities traded on markets other than Finland’s markets.

Statutory rates of the tax in Finland:

30% – for private individuals
20% – for legal entities
Treaty rate of the tax for Latvian residents – 15%

The tax rate stated in the tax treaty between Latvia and Finland may be applied if the customer’s declared tax residency is Latvia and the customer is able to provide valid documents to the bank according to requirements set out below.

In order for the tax to be withheld at the reduced rate, the customer must submit the necessary documents to the bank no later than 3 business days before the ex-dividend date.

The customer is liable for the submission and accuracy of the required documents and for payment of all taxes associated with the securities. The bank will not be liable for any loss incurred by the customer as a result of the tax rate applied or the failure to submit or late submission of the documents. The bank is not obliged to remind the customer to submit or update the documents required to apply the reduced tax rate.

According to the Finnish regulations, tax at the rate of 25.5% will be withheld for customers whose data (given name(s), surname/company name, national identification number, address, Finnish taxpayer identification number) is known.
Swedbank does not have all the necessary data at its disposal, tax at the rate of 50% will be withheld.
If you are a Finnish tax resident, make sure to provide your Finnish taxpayer identification number to Swedbank.

Resident certificate

Issued by the Latvian State Revenue Service (VID).

The certificate must include a reference to the treaty between Finland and Latvia on the avoidance of double taxation.

The certificate must be in English.

The certificate issued by the State Revenue Service has to be signed by hand and scanned.

As the resident certificate is valid only for the current calendar year, the resident certificate must be submitted each year for which the tax rate under the treaty is applied (without an end date).
Investor Self-Declaration (dividends)

As of January 2024, Finnish dividend recipients have to submit a new form – Investor Self-Declaration (dividends). The declaration is valid for the year of submission and the following 5 years or until the facts stated in change. The previously submitted Beneficial Owner Confirmation is no longer valid from 01.04.2024.

Please fill out the new form of the Investor Self-Declaration (dividends) for
- Private customers
- Legal entities
Upload it together with your resident certificate.

Important! Please mark all your securities accounts at Swedbank where Finnish securities are or will be held.

In order to receive the reduced tax rate, it is necessary to submit both the resident certificate and the Investor Self-Declaration (dividends).
Documents can be submitted to the bank throughout the year, but to receive the tax treaty rate, documents must be submitted within 3 business days before the ex-dividend rate. A 35% tax rate will be applied in Finland if, at the time of payment, information identifying the beneficial owner of the dividends has not been provided.
The resident certificate (issued by the State Revenue Service) must be renewed every year, as it is valid only for the current calendar year. For example, if the ex-dividend date falls in the 3rd quarter, you can obtain the resident certificate in the summer.

How to submit the necessary documents to the bank

To submit the documents, private customers need to select from the menu: Payments, accounts > Document signing > Document upload.

Business customers upload documents via Business Internet Banking.

Press the "Upload new document" button.

Choose Type > Investment Agreements

The subtype must be selected according to the uploaded document. Each document is uploaded under separate, specific subtype. Only relevant subtypes are available for private and business customers.

Make sure you have submitted all the necessary documents.

All documents presented to bank have to be manually signed (preferably with blue ink pen)! Manually signed document has to be scanned and uploaded.

Documents are valid until underlying circumstances will change, in which case client has to present new documents and notify bank.

Taxation of Swedish dividends

Foreign shareholders of Swedish companies are subject to:

Statutory tax rate of 30%; or
Tax treaty¹ rate of 15% for Latvian residents.

NB! Tax treaty rate is applicable only in case of Swedish company’s shares purchased directly from the Stockholm Stock Exchange. It does not demand any additional actions from customers.

It is not possible to request the tax treaty rate for those Swedish securities that are traded on markets others than Sweden.

From 01.09.2022, Swedbank is not be able to apply the tax treaty rate to dividends paid out by Swedish companies shares, which have been purchased from the Helsinki Stock Exchange in Finland. In the case of those securities, the applicable tax rate is 30%.

¹ Convention between the Republic of Latvia and the Kingdom of Sweden for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income and on Capital.

A convenient way of diversifying and sustainably investing spare money, starting from 1 EUR.

Securities account

Open a securities account and start investing

How to open securities account?

Where could I invest?

Need advice?

Need the LEI code?

What’s the LEI code and what’s it for?

Norwegian dividend taxation

Suggested process for legal entities:

How to submit the necessary documents to the bank

Finnish dividend taxation

How to submit the necessary documents to the bank

Taxation of Swedish dividends

Jūsu Internet Explorer pārlūkprogramma netiek atbalstīta.

Lūdzu izmantot Google Chrome, Mozilla Firefox vai Microsoft Edge pārlūkprogrammu.

You have been logged out from Internet bank