此文章还有以下语言版本： 简体中文 (Chinese (Simplified))

Here’s the Most Straightforward Way to Incorporate Company in Finland

Finland, as a business prospect, offers numerous opportunities in the field of bio-economy, health, tourism, wood and many more. It is easy to open a business in Finland, given that you know the process clearly and take professional advice. Among the types of companies in Finland, an LLC, or a limited company (both private and public) are favorite for international investors. However, there is one thing to note if you want to incorporate company in Finland as an LLC. It takes more effort because there are requirements to fulfill and legalities to comply with.

Among the two types of Limited companies in Finland, a Private limited company needs at least one director (owner). Further, it requires a minimum share capital of EUR 2500. The capital can be both, financial or physical assets. However, you will need an auditor to verify the value of the good if that is your choice.

On the other hand, a Public Limited Company is suitable for bigger businesses. Thus, the share capital is bigger, with a EUR 80,000 requirement. What differentiates a Public Limited Company from Private Limited company is that you can issue public shares in the former.

 

Are There Any Special Requirements for Foreigners to Incorporate Company in Finland?

As a foreigner, you need a permit from the Finnish Patent and Registration Office (PRH) to run a business in Finland. However, you don’t need to do this if your country is a part of the European Economic Area. Also, in case there are multiple members board of directors, you won’t need the permit if at least one board member’s permanent residence is somewhere in the European Economic Area.

 

You Need an Impressive Business Plan to Incorporate Company in Finland

Don’t forget, formalities like these mean nothing if you don’t have a sound business plan. The process of company incorporation in Finland will need you to prepare an official application along with the other paperwork. This will show that you have everything in the right place. In your application write what your business is about and also tell how viable it is. Don’t forget that you will need to draft the application and other registration forms in the official language, Finnish, or Swedish. Also, think of a name for your business, make sure it is something interesting and it describes the company in the best way possible. Sometimes, people might get stuck in the process of choosing a company name.

 

Finland Tax Rate

You will need to file taxes while running a business in Finland, well, get ready for some heavy taxes. The corporate tax rate in Finland in 2019 is 20%. Previously it was even more, until 2-14, it was 24.5%. The VAT is 24% for general business, and for the food business, it is 14%. Similarly, for books, pharmacy, public transportation, physical exercises, and service creators, the VAT rate is 10%.

Company incorporation in Finland obviously requires professional help if it is to be done smoothly. Contact 3E Accounting if you are thinking of opening a company in Finland. We provide Finland company registration services in the most affordable price that can be.