Register a company in Finland

Positive Invest Company offers services for opening offshore companies in EU country - Finland.

Buying a company in Finland: general information

Finland is located in the north of Europe. It borders with Russia, Sweden, Norway and by sea with Latvia.

The official language is Finnish, Swedish. The country is a member of the EU, NATO, joined the eurozone. Legislative power is represented by the Parliament. The executive is concentrated in the hands of the president.

Officially, there are no offshore zones in the country. But, knowing the laws, you can get significant tax benefits. There are no restrictions on the import and export of capital.

Opening a company in Finland: the basics

Legislatively in the country, only activities that are detrimental to the security of the country are prohibited. When opening a company for the provision of banking, insurance, venture services, it is necessary to obtain an appropriate license. Offshore companies cannot work in the field of energy, postal services, radio broadcasting, and transport services.

When registering a company, it is important that its name does not coincide with those already registered. There shouldn't be consonance either. The name should not mislead potential customers and contain false information about the goods or services provided.

Types of companies in Finland

In the country, you can open or buy a company of one of the following types:

• joint-stock company. The initiator of the creation can be one individual or legal entity that is a resident of any country. The authorized capital cannot be less than 2.5 thousand euros. Each shareholder is liable for the debts of the enterprise only with his contribution to the authorized capital. Joint-stock companies pay income tax at a rate of 20%;
• private enterprise. Creation can be initiated by one individual or legal entity. The authorized capital of a private enterprise cannot be less than 2.5 thousand euros. Each founder is liable for the debts of the company only with his share of the charter capital. The executive body of the company is the board. Income tax rate - 20%;
• private business. The organizer can only be an individual - a resident of any of the EU countries. An entrepreneur can work independently without hiring employees, can become a commercial businessman and hire additional employees. This form of ownership is characterized by the payment of income tax and tax received from capital gains;
• cooperative enterprise. An enterprise of this type can be created by 3 participants, individuals and legal entities equally. The founders of the company's debts are responsible only for their share in the authorized capital. Company income is taxed at a rate of 20%;
• full partnership. 2 or more participants can organize a company. At least one of the participants must be an EU resident. Participants distribute among themselves the received profit and pay income tax from it;
• limited partnership. This form of ownership assumes that one of the participants is a resident of the EU, one does not have the right to vote. Participants distribute profits. Everyone pays their own income tax;
• branch of a company registered outside the country. The name of the company must necessarily contain a reference to the status of such a company.

The country is allowed to involve nominee directors and founders if it is necessary to hide information about the real owners of the business.

Buying a company in Finland: offshore taxation

When deciding to buy a company in Finland, you need to carefully study the tax laws.

The country has the following tax rates:

• property tax. It is determined by the location of the company and ranges from 0.6 to 1.35%;
• income tax. For all taxpayers, the rate is equal and amounts to 20%;
• VAT - 24%. When paying this tax, discounts are possible:
• if the company is engaged in the production of food products, feed for pets and farm animals, provides catering services, then the VAT rate is reduced to 14%;
• sellers of books, lotteries, tickets for concerts, exhibitions, drug manufacturers pay VAT at a rate of 10%;
• if the company delivers goods abroad, does not work within the country, then the VAT rate is 0%. 

Accounting and reporting

Opening a company in Finland requires mandatory accounting. The company is required to report on income and accrued taxes. The financial statements of companies are freely available. The place of storage of documentation is at the discretion of the owners.

Registration of a company in Finland: services Positive Invest

Positive Invest specialists offer to evaluate in practice the advantages of buying or opening a company in Finland. At your request, we will perform the following work:

• selection of the optimal form of doing business. The number of participants, proposed activities are taken into account;
• preparation of documents for registration and registration procedure;
• opening current accounts, preparing the press, hiring employees;
• selection of the address of registration, nominee directors and founders, if necessary.

We invite everyone who wants to buy or open an offshore company in Finland, a country with high investment attractiveness and low tax rates, to cooperate. With us, you do not have to independently study tax legislation, go through complex bureaucratic procedures. We are ready to prepare the necessary package of documents in the shortest possible time. You will make a profit, we take care of solving problems!