Open a company in Finland
Consulting, organizational and legal services for businesses
Buy a ready-made company in Finland!
This option is suitable for those wishing to start up as soon as possible. In some cases, there is no need to come to Finland for re-registration.
Costs and price:
— ready-made Oy company (registered in the general register, has an opened account, guaranteed legality) from 4000 €;
— legal and operating Oy company (registered in the general register, has a VAT number, an opened bank account, AAA credit rating available and guaranteed legality) from 5000 €.
Which company do you need in Finland?
– joint stock company (osakeyhtiö, Oy)
– individual private enterprise (toiminimi, Tmi)
– public joint stock company (julkinen osakeyhtiö, Oyj)
– open partnership (avoin yhtiö, Ay)
– limited partnership (kommandiittiyhtiö, Ky)
– cooperative (osuuskunta, Osk)
– representation of a foreign company
Osakeyhtiö or Oy is a joint stock company in Finland and is suitable for most types of businesses. Оy/Oyj is equivalent to* Ltd in Finland. Oy is the most common form of a legal entity.
The advantage of Oy is that it is liable for its obligations. The shareholders are liable for the obligations of the company only in the amount of the value of their shares. Joint stock company is flexible in the management structure of the share capital.
We develop and optimize your Finnish / international business:
— licenses (transport, alcohol, food industry…)
— patents, utility models, trademarks, trademarks in the EU
— adaptation of the goods to the EU / Finland requirements,
— VAT number and refund of VAT
— tax planning and optimization
— optimization of customs and logistics
— trade between Finland / EU
— legal advice
— business plans for lending in Finnish
— investment projects
— residence permit / permanent residence / citizenship under the business immigration program
How can I open Oy in Finland?
Foreigners and residents of Finland can open a Finnish firm. Foreigners, in addition to the constituent documents, should have only a certificate from the bank on the personal account, a travel passport and a resident representative of Finland as part of the company’s board.
Our lawyer will help to open the Finnish firm quickly and with a guarantee of success. We will advise you of the laws, taxes, features of the procedures. We will prepare the necessary documents and take you through all the stages of registration. Registration of Oy company in the register usually takes 7 days.
Why we are useful and what can you get from us?
We guarantee a turnkey opening of a new Finnish company for you. You will get a package of confirmed constituent documents, opened transaction account in a Finnish bank, a legal entity ready to operate and a good mood due to the fact that everything went quickly and smoothly with our help.
The procedure for opening Oy company in Finland
1. Consultation. Make the features of company taxation and opening procedure clear according to your purposes.
2. Select the type of legal entity and company name.
3. Drawing up constituent documents. Package of documents is issued based on your data.
4. Resident representative of Finland / EU in the board. This condition is determined by the law (not necessarily co-owner / shareholder). If necessary, we can help to meet this requirement.
5. Opening an account in a Finnish bank and provision for the charter capital of €2500. Opening a bank account requires the presence of foreign shareholders in Finland. The capital may be used only after registration.
6. The package of documents to the commercial register. Payment of the state fee of €380, registration of the legal entity and entering in the appropriate registers.
7. Obtaining a certificate on the successful registration.
Bases for the Residence Permit for business in Finland
Opening of a business
The procedure is quite simple: in order to register a company it is necessary to choose a unique name, execute a package of constituent documents, open a bank account in a Finnish bank, pay state duties and send all documents for registration in the commercial register.
Real estate purchase, investing in construction, buying a ready-made business
We can help to materialize your business idea, but in case of its absence – you can get acquainted with the general business plans or business immigration scenarios. These are the simplest options of business schemes. When working directly with the client, we will help to choose the direction and develop a specific business plan.
Purchase of a ready-made business in Finland
The basis for granting of the Residence Permit in Finland can also be the purchase of an operating company, which income is sufficient to move one person or even the whole family. We audit the company of interest and coordinate the purchase and sale transaction. Our catalog of investment objects contains a list of the companies for sale.
Click to view a question
The basic VAT rate in Finland is 24%. VAT for food products is 14%, VAT for printed products, medicines, cultural activities and services is 10%. VAT for goods turnover within the European Union (between two companies located in different countries of the EU) is 0%. Under certain conditions VAT for goods and services turnover outside the EU will be 0%.
Tax on company profits is calculated according to the profit on the basis of the annual report and amounts to 20%. Earnings of shareholders received in dividends or income from capital are subject to capital income tax. Capital income tax rate is progressive and amounts to 30% or 32%.
Tax planning is promoted in Finland, and we give advice on internal optimization and external trading schemes, tax return and VAT, etc.
Transactions with company shares are subject to share alienation tax at the rate of 1.6%. Transactions with shares of residential joint stock companies are subject to 2.0% tax. Real estate transactions are subject to 4% tax.
Opening of Oy company can be divided into several stages:
1) preparation of documents, registration by the Registrar, opening of accounts — 1 day or more
2) activation of the company in the commercial register — 2-7 days
3) activation of the bank account — 1 day
4) VAT/ALV register, ennakoperintä register — 7 days to 28 days, depends on the tax service availability.
Documents for the purchase of a company can be prepared remotely by telephone and mail. Finnish bank account activation requires the presence of at least one foreign founder. Fully remote re-registration is also possible (by appointing a Finnish resident Director and/or Manager of Accounts).
A foreigner can open a Finnish company, provided that the board necessarily has a Finnish resident. This is a temporary measure necessary for the registration of a company. We help you to fulfill this condition and we provide for selection and control of resident representative.
Further, on the basis of the company’s activities, its foreign founders can obtain a residence permit in Finland and a social insurance number. Then you can replace the interim board member by the chief founder who has already received an official status in Finland.
In 2015, Finnish banks toughened the requirements to the companies opened by foreigners. Unfortunately, the new requirements addressed even EU citizens, in particular, the citizens of Estonia, Latvia, Lithuania, Poland.
Any Finnish company needs a citizen or resident of Finland in its board, or it will not get an account.
Due to these stricter requirements, most banks do not open accounts for foreign owners of companies, if they do not have a registration in Finland and Finnish ID. Even for EU residents!
Thanks to our experience, knowledge of the Finnish legislation, openness to the state, we can help resolve this issue.
EU nationals can be registered and get ID henkilötunnus with our help in Finland, which gives the right to open a company in Finland without third parties in the composition of the board.