SET UP BUSINESS IN FINLAND TODAY
Introduction to Finland Incorporation
Finland’s economic stability and high-tech industrial base has made it a key target for international investors considering company formation Finland. Anyone can set up business in Finland, irrespective of nationality, so long as one of the company’s founding members is resident in the European Economic Area. If the founder is a legal person, its domicile should be in an EEA country (the EEA compromises all the EU countries plus Iceland, Liechtenstein, Norway and Switzerland). If you want to know more about Finnish incorporation please contact us or read on.
What is the most common type of company formation Finland?
The two most popular forms of Finland incorporation are:
public limited company - osakeyhtiö Oyj
private limited company – osakeyhtiö Oy
How much share capital is required to establish a public limited company (Oyj)?
The minimum share capital for a public limited company is €80,000.
What other requirements are there for a public limited company?
a minimum of three board directors plus a chief executive
it is usual to be listed in the Helsinki Stock Exchange
there is a statutory requirement for audited accounts
flat corporate tax rate of 26%
How much share capital is required to establish a private limited company (Oy)?
The minimum share capital for a private limited company is €2,500.
What other requirements are there for a private limited company?
at least one board director and a deputy
there is a statutory requirement for audited accounts only if the company has a turnover of more than €200,000, balance sheet total of more than €100,000 and 3 or more employees
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flat corporate tax rate of 26%
What other types of company are there?
general or limited partnership
small private company, usually sole trader
branch of a foreign company
Finland Incorporation
How easy is it to recruit staff?
Finland has one of the most advanced education systems in the world, and the workforce is highly skilled. The unemployment rate is currently less than 7%, and recruitment is becoming challenging in virtually every sector. It is worth noting that there are important labour regulations regarding employment contracts and so professional advice will be needed. Please contact us for this if you are considering Finnish incorporation. We can also help you with general recruitment issues, if you are seeking to set up business in Finland.
What is the regulatory environment like for those considering Finland company registration?
Although the business environment in Finland is liberal and investor-friendly for those considering Finland company registration, the regulatory environment is strict and any breach of the legal or tax code is taken very seriously. For this reason it is particularly important to seek expert advice from the outset if you are seeking Finland incorporation. To learn more about our local team of legal and financial Finnish incorporation specialists, please contact us.
Finland Company Registration
How can I get more information on company formation Finland?
Please contact us and we will be pleased to discuss your Finland company registration issues in greater detail and how we can help you to set up business in Finland.
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