Company registration in Finland

Finland is considered to be a country where it is comfortable to do business. The country is a member of the EU and has a high level of technological competitiveness. This opens for many entrepreneurs the markets of Europe, excellent prospects for profitable conduct of any enterprise.

Everyone can register a company in Finland in any convenient form of ownership. In addition, a foreign citizen can apply for citizenship in Finland.

Why is registering a company in Finland considered a favorable decision?

The algorithm that is prescribed in the corporate law of each country regarding the registration of a foreign company is feasible. And this is in theory. In practice, it may be associated with certain complexities, which are difficult to foresee and anticipate, especially in the absence of experience. Besides, legalization of each business takes a lot of time. Therefore, the creation of a company in Finland should be entrusted to professionals.

Let's list the main benefits of registering a business in this jurisdiction:

1. The presence of a simplified procedure of employment, business registration for non-residents from other countries.
2. In this state is actively developing the system of opening new forms of ownership by merging small organizations into larger enterprises. This provides an opportunity to reduce taxation.
3. This jurisdiction provides incentives to businesses that hire local residents.
4. There is no taxation on services, products that are supplied to contractors in other countries.
5. All products, materials, devices, equipment on the balance sheet of the organization are purchased without VAT.
6. The owner of the incorporation can obtain a residence permit.
7. The education system in the country is the most developed in the world. This directly influences the fact that there are many scientists, engineers and other specialists.
8. Scientists, engineers and other specialists.

To properly complete the registration procedure, you must first choose the available legal form of the business.

What kind of company can I open in Finland?

It is currently possible to register a business in Finland of the following types:

1. Private entrepreneur. This is considered to be the simplest method of doing business. It requires a single founder. It is not necessary to have a minimum share capital.
2. LLC. This type can be formalized by a minimum of two managers.
3. Full partnership. This type of company is formalized by a minimum of 2 persons who approve it by signing a document on partnership.
4. Partnership.
5. Partnership with limited liability. There is no minimum capital to formalize.
6. Corporation. This form is used by large firms. The minimum number of partners – 1. The value of the share capital is equal to 80,000 euros

It is also possible to formalize a cooperative association. In this case, the composition as well as the authorized capital are not determined in advance.

A cooperative association can also be formed.

Taxation system

The country has basic taxation rates:

1. Tax on corporate income is 20%.
2. Tax on increase of authorized capital is 20% for legal entities, and 32% for individuals.
3. VAT is 20%. There is a reduced tax rate for certain product groups.
4. Individual income tax is 32%.

But the VAT number provides an opportunity to optimize taxation for entrepreneurs whose companies are located in countries that have concluded an agreement to avoid double taxation.

How to get citizenship?

Have you lived in the territory of this state for at least 4 years and managed to learn one of the official languages? Then you have a chance to make an application for citizenship of this state.

Citizenship of this state

Conditions for Citizenship:

• no criminal record;
• confirmation that the person can support himself;
• live in the country for the required period of time;
• know the state language well

Note that citizenship is not granted for special merits, investments.

Open a company in Finland: who to entrust the procedure to?

You have decided to open a company in Finland? Then you should know how complicated the process will be. Accordingly, we advise you to start by exploring each stage of the company formation process.

Fast, inexpensive company incorporation is possible in our company. Our specialists:

• register the company;
• give free legal advice;
• help to choose the form of ownership;
• can solve any questions regarding taxation;
• will be accompanied at every stage of registration, development of the company.

Specialists of our company are ready at any moment to come to the rescue. They will tell you how to properly conduct accounting, can achieve for you a reduced rate of taxation.

All our specialists are ready to help at any time.