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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Finland
Company incorporation, bank accounts, accounting services in Finland
Registration packages
Services
Essential
Standard
Premium
Company registration (Oy)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Finland
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How you can register a company in Finland with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Finland
The Republic of Finland is located in Northern Europe. Finland has a territory of 338,455 square kilometers. Finland has access to the Gulf of Bothnia and to the Gulf of Finland. Finland borders Sweden, Estonia, Finland, Norway and Russia. The capital city of Finland is Helsinki, the largest city and the location of key government institutions. Finland has a population of 5,6 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 20%. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly basis for most commercial entities
- Dividend withholding tax - 20% if the recepient is a company, 30% if the recepient is not a company
- Interest withholding tax - 20% if the recepient is a company, 30% if the recepient is not a company
- Royalties withholding tax - 20% if the recepient is a company, 30% if the recepient is not a company
- Capital gains tax - 20%
- VAT - Standard tax rate 24% or reduced rates from 0% up to 14% or tax exempt. Tax returns are filed on a monthly, a quarterly or an annual basis
- Personal income tax - from 0% up to 56.95%.
The following are the most common types of companies to incorporate a company in Finland as:
- Limited liability company (Osakeyhtiö - Oy)
- Public limited company (Julkinen Osakeyhtiö - Oyj)
- General partnership (Avoin yhtiö - Ay)
- Limited partnership (Kommandiittiyhtiö - Ky)
- Cooperative company (Osuuskunta)
- European company (Societas Europaea)
- Branch (Sivuliike).
- Individuals or legal entities that are intending to register a company in Finland can be resident or non-resident in Finland.
- A resident or a non-resident individual can be a company director in Finland. It is required to set up a company in Finland with a Finnish resident individual or an EEA resident individual as one of its directors.
- At least 1 shareholder is required in order to register a company in Finland if such company is incorporated as a Oy (a private limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Finland in order to establish a company in Finland or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Finland as a Oy (a private limited company) is EUR 1.
- Oy registration takes between 10 and 15 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Finland is complete is publicly available in the state corporate register.
- With our service you can register a company in Finland remotely upon a power of attorney.
Official currency of Finland is euro (EUR).
Finland has a highly industrialized mixed economy. In terms of foreign trade the key sector is manufacturing: electronics, machinery, vehicles, forest industry, chemicals. Finland has timber and several mineral and freshwater resources. Finland has the 4th largest knowledge economy in Europe, behind Sweden, Denmark and the UK. Forests play a key role in the country's economy, making it one of the world's leading wood producers and providing raw materials at competitive prices for the crucial wood processing industries. Finnish electronics and electrotechnics industry relies on heavy investment in R&D, and has been accelerated by the liberalisation of global markets. Finland has an abundance of minerals, but many large mines have closed down, and most raw materials have since been imported. For this reason, current main focus is on the processing of metals. Chemical industry produces an enormous range of products for the use of other industrial sectors, especially for forestry and agriculture. In addition, its produces plastics, chemicals, paints, oil products, pharmaceuticals, environmental products, biotech products and petrochemicals.
The GDP of Finland grew by 3% in 2021 and amounted to USD 297.6 billion. Tertiary sector makes up 60% of the GDP of the country, followed by industry sector at 25%, agriculture at 2.5%.
In terms of foreign trade the largest exports of the country are electrical and optical equipment, machinery, transport equipment, motor vehicles, paper and pulp, chemicals, steel, copper, chromium, gold, zinc, nickel, wood, wood pulp, steel, medical equipment, ships and electrical transformers.
Imports of Finland consist of energy, oil, electricity, natural gas, raw metals, cars and vehicles, electrical equipment, consumer goods, parts of motor vehicles, food products.
Primary trading partners of Finland are Sweden, Estonia, Germany, United Kingdom, Netherlands, Poland, USA, China, Belgium and Italy.
Finland has a highly industrialized mixed economy. In terms of foreign trade the key sector is manufacturing: electronics, machinery, vehicles, forest industry, chemicals. Finland has timber and several mineral and freshwater resources. Finland has the 4th largest knowledge economy in Europe, behind Sweden, Denmark and the UK. Forests play a key role in the country's economy, making it one of the world's leading wood producers and providing raw materials at competitive prices for the crucial wood processing industries. Finnish electronics and electrotechnics industry relies on heavy investment in R&D, and has been accelerated by the liberalisation of global markets. Finland has an abundance of minerals, but many large mines have closed down, and most raw materials have since been imported. For this reason, current main focus is on the processing of metals. Chemical industry produces an enormous range of products for the use of other industrial sectors, especially for forestry and agriculture. In addition, its produces plastics, chemicals, paints, oil products, pharmaceuticals, environmental products, biotech products and petrochemicals.
The GDP of Finland grew by 3% in 2021 and amounted to USD 297.6 billion. Tertiary sector makes up 60% of the GDP of the country, followed by industry sector at 25%, agriculture at 2.5%.
In terms of foreign trade the largest exports of the country are electrical and optical equipment, machinery, transport equipment, motor vehicles, paper and pulp, chemicals, steel, copper, chromium, gold, zinc, nickel, wood, wood pulp, steel, medical equipment, ships and electrical transformers.
Imports of Finland consist of energy, oil, electricity, natural gas, raw metals, cars and vehicles, electrical equipment, consumer goods, parts of motor vehicles, food products.
Primary trading partners of Finland are Sweden, Estonia, Germany, United Kingdom, Netherlands, Poland, USA, China, Belgium and Italy.
Foreign entrepreneurs expand to Finland and seek to incorporate a company in Finland in order to conduct business in the following sectors:
- cleantech
- wholesale and retail trade
- energy
- bioeconomy
- R&D
- agruculture
- manufacturing industry
- ICT
- healthcare
- tourism.
Benefits of registering a company in Finland
Business climate
- Access to EU markets
- Access to the Gulf of Bothnia and to the Gulf of Finland allows to establish a maritime trade
- Open economy
- Stable economic growth
- Highly-qualified workforce
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Corporate income tax incentive for R&D
- Double tax treaties with several jurisdictions
Ease of doing business
- Finland ranks #20 in the global Ease of doing business ranking
- Minimum share capital requirement for Oy is EUR 1
- No foreign exchange controls
Register your company in Finland
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