Scenarios of Business Immigration to Finland
Business options as bases for the Residence Permit and the Permanent Residence
Business Options for Immigration
Doing business in Finland is the legal basis for obtaining a residence permit under the business immigration program.
Our clients have different situations — someone wants to come to Finland to create and continue to make profit. There are some clients, whose basic business generates enough profit and they are interested in permanent residence and in small passive income that will be organized in Finland.
So, anyway, what business plans can be implemented to obtain a residence permit? For the sake of convenience, let us divide the options into three categories:
– simple business, based on existing developments;
– lease business;
– start of the new business or purchase of a ready-made business in Finland;
– investment and management in the area of real estate business.
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Favorable business environment in Finland
We will help you to be well-informed about the business sphere
Finland is a prosperous European country with favorable conditions for doing business. The level of economic development and purchasing power are high, which makes the Finnish market attractive.
Also Finland is an excellent platform for international business in the field of trade, due to the developed logistics infrastructure and transparent and easy document circulation.
Finland is also a reliable platform for IT and high tech start-ups.
However, one should remember that the market volume (only 5.5 million people reside in the country) and mentality have their own peculiarities, which should be reasonably taken into account at the business plan stage. We will help you to foresee the details.
In addition to starting your business, you can also consider purchasing a ready-made business in Finland. Our catalog contains the list of companies for sale, there you will also find the dynamics of prices and market offers: from inexpensive cafes to hotels, production and consulting companies.
years’ successful activity
service types for individuals
service types for business
Simple business, based on existing developments
Transfer of current operations to a Finnish company — partner
The simplest scheme The client establishes a company in Finland and starts activities similar to their main business. Or, for example, the client transfers a part of operations from their main business to the Finnish company. Certain operations in the field of activity of the company are declared and carried out, invoices are issued, bank transactions are conducted. In general, it forms a certain turnover, sufficient to pay taxes and salaries to founders. It is required to create a real business plan and support its implementation.
Lease business or a leasing company
Quite a simple scheme The client establishes a company in Finland, imports or purchases objects that are planned to be leased in the future. Leased assets can also be located abroad. It is not necessary that they belong to a Finnish firm. Certain lease operations are declared and carried out, invoices are issued, bank transactions are conducted. In general, it forms a certain turnover, sufficient to pay taxes and salaries to founders.
Start of the new business or purchase of a ready-made business
Perhaps, you have been developing a business idea for a long time. Why not implementing it in Finland? We are ready to help in the implementation. If you lack ideas — in the Investments section one can see a number of companies for sale and the market situation in different areas of medium and small businesses. The simplest directions are trade and service, of course. We can do a market research for you on a given topic and develop a business plan. The research may include the collection of information in the field, the market, competitive analysis of individual companies, up to their financial reporting. Also, as a separate project, we can provide marketing and advertising support for the development of the company — we have our own specialists.
Purchase of operating business in Finland
In our site, one can see a number of companies for sale and the market situation in different areas of medium and small businesses. The simplest and the most popular direction is service: restaurants, bars, and hotels. If the client is experienced in a specific area — we can try to find a specific company for sale. We can also contact business owners in the area you are interested in — in order to coordinate the sale. If the business owns a real estate object, it is possible, against its pledge, to receive a loan of up to 40% for non-residents and residents can get more.
Real estate business models
Is it possible to obtain the Residence Permit and the Permanent Residence by means of purchasing real estate in Finland?
The purchase of real estate itself is not a basis for obtaining the Residence Permit! But the basis for the Residence Permit in Finland may be your own Finnish company that leases and manages its own commercial or private premises. It is possible, against the pledge of the purchased real estate, to receive a loan of up to 40% for non-residents and residents can get more.
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One-time expenses We advise you, check your preliminary agreements, business plan, draw up documents and coordinate your case throughout the process – up to the obtaining of the Residence Permit. Our services for execution of a residence permit in Finland according to the business scheme cost from 5000€. In addition, one must pay the state fee in the Consular Department of the Finnish Embassy: €550 for the applicant, reunified spouse — €450, child under 18 — €230. Finnish company opening services — from 4000€ Example of monthly expenses: Taxes from €300 per month. Accountant’s services about €100 per month.
Part of the necessary measures can be carried out remotely, by phone and mail. Only when opening an account for a Finnish company in a Finnish bank, the personal presence of the founders is required.
Usually, the package of documents is filed for registration with consular departments in the country of residence. The response is awaited at the same place. At the request of the client, we can organize the submission of documents and waiting for a decision on granting the Residence Permit in Finland (only with agreement of the Service provider, depends on your plans). The Residence Permit is extended in 6-7 months in the police department at the place of registration in Finland.
The Residence Permit is granted through the Migration Department based on verification and processing of your documents. On average, the decision is made in 6-10 months; during this period, citizens and residents are already entitled to stay in Finland with the long-term visa. Upon receipt of the Residence Permit, all European countries are open for you for one year. Usually, in a year the Residence Permit is extended for 1-4 years.
Minimum account activity of the company should be sufficient to cover:
1. Operating expenses of the company;
2. Payment of salary to the director (the person, who applies for the Residence Permit) min. €1,300 after taxes;
3. Payroll taxes — min. €300 per month for the person, who applies for the Residence Permit.
Finnish banks pay special attention to foreigners.
The service of registration of a joint stock company (Оy — osakeyhtiö) costs 4,000€ — this is the payment for our services. The charter capital from €2,500 is added to that payment — it can be used/debited after the registration at your own discretion. State registration fee is €380.
Citizens of any state can open a company, however, in addition to the main founder (you), there must be a Finnish resident within the board – we help in selection and controlling them. Further on the basis of the company activities, foreign founders can obtain a residence permit in Finland and a social insurance number — then one can replace our temporary member of the board with the main founder who has already been granted an official status in Finland.