Your customers - entrepreneurs and small business owners - are at the heart of Denmark’s economy. But they often struggle to open bank accounts, especially foreign-born residents. Without one, financial success and independence become difficult to achieve.
This is where you come in. If you’re an independent accountant, lawyer, or in another trusted position you can play a vital role by providing them with some essential knowledge that could transform their enterprises.
Why does financial inclusion matter for Denmark’s economy?
Financial inclusion means ensuring that everyone can access financial services easily and affordably. When more small businesses have this access, they’re better positioned to manage finances, grow, and create jobs—making the whole economy stronger.
Why do foreign-born resident entrepreneurs face this issue?
- Complex Documentation: Danish banking regulations mean banks have to collect a lot of information on their clients. These entrepreneurs may not have all the standard documents needed, such as proof of address or a Danish credit history, making it hard to get through the application process.
- Language Barriers: Many essential documents and processes are in Danish, which can be difficult if this isn’t a language you know well.
- Credit History Issues: Without a local credit history, it’s harder for business owners to prove they are responsible and capable of managing finances.
How you can make a difference
Here are some effective ways you can support your clients:
- Help with documentation: Helping clients prepare the necessary documents for bank account applications is a great place to start. Spend time helping them understand what they need to provide and review documents with them to make sure everything is in place.
- Provide financial knowledge: A little knowledge goes a long way. Teaching clients about how Danish banking works will help them navigate the system on their own.
- Offer language support: Providing resources in multiple languages or giving insights into Danish business culture can make clients more comfortable working with you.
Introducing Finklusiv
A simple way to expand your support for clients is by referring them to Finklusiv. We help overlooked foreign-born resident business owners get the bank accounts they need. By connecting clients with Finklusiv, you can help them get on the right path and when your clients are successful, you are successful!
