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Company Registration in Finland
COMPANY
REGISTRATIO
N IN FINLAND
Why Incorporate in
Finland?
Finland is the key target for international
investors because of its economic
stability and high tech industrial base.
In Finland anyone can set up business
irrespective of their nationality but so
long one of the company’s founding
members is resident in the European
Economic Area.
In Finland, laws are very encouraging for
the investors who want to start a
company.
What Type Of Entities Can Be
Started In Finland?
PRIVATE LIMITED PUBLIC LIMITED
COMPANIES COMPANIES
o Established by at o Founded by at least
least 1 member. one statutory person.
o Minimum share o Minimum share
capital of 2,500 capital of 80,000
Euros. Euros.
o Shares not o Shares are
transferrable to transferrable to the
public. public.
o Company managed o Management board
by at least one must contain more
manager. than 3 members.
Requirements For Both Types
Of Entities
Private Public
Limited Limited
Companies Companies
Minimum
At least one three board
board director directors with chief
executive
To be listed in
A deputy to the Helsinki
the director Stock
Exchange
Statutory Statutory
requirement requirement
for audited for audited
accounts accounts
Flat corporate
tax rate of Corporate tax
26% rate is 26%
Private
PerPsroivna oter
PPreivrsaotne or
TrPardivearte
Trader
Types of
Foreign Types of Busin General
ComFopraenigien Busineessss ParGtneenresrhail
Coms panie es in Parptnershi
s es in p
FFininlalanndd
Limited
ParLtinmeirtsehdi
Parptnershi
p
Types of Businesses Explained
I. Private Person or Private Trader: It is
the smallest form of business in Finland. The
owner is not considered separate from their
business and is liable with his own assets for
the company’s debts. Specific taxes must be
paid and it is free to withhold profit.
II. General Partnership: It consists at least
two members called as general partners.
Here, there is no requirement of minimum
share capital and members are equally
responsible for the debts and liabilities, as
they are for profits.
...contd.
III. Limited Partnership: It is formed by at
least two partners out of which one of them
must be the general partner who decides in
the name of the business and claims profits.
The other has no powers of decision and
profits, but is liable for the losses.
IV. Foreign Companies: Finnish Branch of a
Foreign Company is a part of a foreign
society operating in Finland. It is not
considered as a separate entity and the
capital is provided by the parent company.
To perform research activities, investors can
also open a representative office.
Procedure for
Incorporation
Firstly, in order to
open an account,
Fou
entity must nda
-
deliver the tion
following Deeds
documents to the Company’
bank and receive s Field Of
certificate in Business
order to prove Description of the
that the minimum Nature of the
share capital was Banking
deposited Transactions
...contd.
Apply for registering your Company.
Application must be accompanied by the
following:
The articles of association,
The memorandum of association,
Declaration confirming that the company
has been incorporated under the provisions
of the Finnish Limited Liability Companies
Act,
Certificate of the auditors confirming the
shares are respecting the provisions of the
Limited Liability Companies Act and other
relevant documents.
...contd.
The last step of the company
incorporation in Finland is the registration
for the pension insurance can be made at
a pension provider freely chooses by the
entrepreneur.
Deliver The You Cannot
Required Retrieve The Apply For
Documents To Amount Until The Registration Of
The Bank Company Is Not CompanyRegistered
Application Must
Registration For Be Accompanied
Pension Insurance With The
Required Objects
Conclusion
Therefore, we can conclude that
incorporation in Finland is a simple and
easy process that can render you
progress and success in your business
and also help you expand your business
to the European Countries and thus,
making you more successful.
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