Company formation in Finland

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One of the most popular company forms in Finland is Private Limited Company – Osakeyhtiö or Oy in Finnish

20%

is corporate income tax (CIT) rate in Finland

12.64-44%

is personal income tax (PIT) rate in Finland

24%

is Value Added Tax (VAT) rate in Finland

Step by Step Description

Step 1. Initial Setup:

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Company registration:

  • Choosing and reserving a company name with the Finnish Trade Register at Finnish Patent and Registration Office
  • Preparation of the company’s founding documents
  • Opening a bank account for the company (it is activated when the company is registered in the Finnish Trade Register)
  • Registration of the company with the Finnish Trade Register
  • Obtaining the Certificate of incorporation, Memorandum and Articles of Association
  • Registration for tax and social security purposes

We also can help with:

  • Company secretarial services
  • Opening bank accounts
  • Preparing apostilled documents
  • Further legal support

Requirements for a Oy in Finland

Before deciding to set up a new company in Finland, read the information below to understand the characteristics of a Osakeyhtiö:

The type of company is a Osakeyhtiö or Oy (LLC).

Number of directors/shareholders – minimum of 1 board director and 1 deputy/ 1 shareholder.

Company secretary – no requirements.

Number of employees – unlimited.

Share capital – no requirements; it is recommended to have at least €2,500.

Liability – the liability of shareholders is restricted to the amount of their investments.

Accounting – financial statements (profit and loss account, balance sheet and notes to the accounts) should be filed with the Trade Register annually.

Document requirements:

Taxation in Finland:

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