Types of companies in Finland
- Private limited liability company (Osakeyhtiö – Oy)
- Responsibility
- Minimum capital
- Min. number of shareholders
Generally, recommended for
- Private limited liability company (Osakeyhtiö – Oy)
- Limited
- 2 500 €
1
SMEs
- Public limited liability company (Julkinen osakeyhtiö – Oyj)
- Limited
- 80 000 €
1
SMEs
- Sole proprietorship(Toiminimi)
- Unlimited
- No
1
Sole trader
- Cooperative (Osuuskunta)
- Unestablished
- No
3
Big companies
- General partnership (Avoin yhtiö
– Ay) - Unlimited
- No
2
–
- Limited partnership (Kommandiittiyhtiö
– Ky) - Unlimited
- No
2
–
Corporate tax rate in Finland?
Corporation tax rate is at 20% in Finland.
Questions
Why should I incorporate my company in Finland?
- The standard of living is high.
- A qualified workforce.
- Favourable climate for business.
- Economic policy remains careful.
- Finland has several cutting-edge industries.
Which difficulties can be encountered in Finland?
- Finland depends on international policy.
- The population is ageing.
- The Finnish bank sector is dependent on the Swedish and Danish financial sectors.
Which are the cultural specificities of the world of work in Finland?
- Being on a first name term comes around very quickly. Communication is informal.
- Punctuality and compliance to deadlines are very important.
- Worker opinion’s are asked for and listened too. They influence work planning.
- Being outspoken isn’t rude, it is actually the opposite and it is very appreciated.
