Overview:

In Finland, the business of foreign companies is usually conducted through private or public limited liability companies, or through a Finnish branch office.

Incorporating your business would be easy and fast thanks to the simple business incorporation process. So, within a couple of weeks, you will be able to enjoy a high return on investments and access the same benefits as Finnish companies.

Process:

You can set up your business in Finland, in 4 steps:

1. Select the company’s name:

You will need to submit your chosen name to the Trade Register, which is maintained by the Finnish Patent and Registration Office (PRH), in order to gain the exclusive rights to the name.

2. Open a bank account:

Your company will require a bank account in order to pay the share capital, process the payment transactions and also to support accounting.

3. File a start of the business notification:

To be able to establish and register your business, you need a notification to be filed with the Trade Register and various Tax Administration registers. You can easily do that using a single form (“Y form“).

4. Establish your company online:

You can incorporate your limited liability company online through the Business Information System online service. My Enterprise Finland also gives you access to a wealth of useful services, that can be used to create a workspace.

Note: you will need to log in with your online banking credentials. 

Costs – For a Limited Company:

If a permit is required, you will need to submit an application to the National Board of Patents and Registrations either in Finnish or in Swedish. The application fee is EUR 120 and it is paid for each permit decision.

A public limited company shall have a minimum share capital of EUR 80,000.

Note: The share capital must be paid in full to the company’s account before that the company can be entered in the Trade Register which is maintained by the National Board of Patents and Registration.

References
1. Business Finland, accessed October 2020, https://www.businessfinland.fi/en/do-business-with-finland/home/