Finland

Finnish Company Formation

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Foreign investors of all nationalities are welcomed into Finland. One of the company’s founders must be an EEA resident however. Finland offers a number of benefits to businesses incorporating there, including economic stability. The high-tech industrial base in the country is particularly advantageous for businesses operating internationally. Rigorous company law and legislation can be problematic for foreign start-ups so it is important to be aware of all requirements before beginning the formation process.

Universal Company Incorporations have a team of local specialists in Finland that understand the complexity of these legalities and will ensure that your company fulfils all requirements. Our expertise and dedication to your core business will provide your company with the capability to successfully compete in the Finnish market, as well as saving you time and money.

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Further Information

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The range of company forms available in Finland is suitable for a range of different sized businesses. The main forms are:

  • Public Limited Company – Osakeyhtiö (Oyj)
  • Private Limited Company – Osakeyhtiö (Oy)

Additional firms include:

  • General or Limited Partnerships
  • Small private company /Sole Trader
  • Branch

The Corporate Tax rate is a flat 26%.

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The Finnish regulatory environment is relatively strict, and foreign investors especially should take care when incorporating a company there. This belies the liberal business environment that operates in Finland, and there are severe penalties for non-compliance with legalities and the national tax code. It is important then to operate your business within these parameters to avoid any charges, and local legal or accounting advice is recommended.

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The unemployment rate in Finland is low, at just below 7%, making recruitment of staff more challenging than in countries of high unemployment. However, the Finnish workforce is highly educated and skilled, with the country boasting of the most advanced education systems in the world. As with the regulatory environment, labour laws in Finland are stringent, particularly with regard to employment contracts. Again, local advice may be required to negotiate these regulations.

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