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Company Formation and Related Services
Company Formation in Finland F.A.Q
Company Formation Services in Finland and details on how to incorporate a Finish company, VAT registration, establish a bank account and setup of a virtual office in Finland. We provide internationalized English speaking company registration service in Finland.
1. What is the minimum share capital of a Finnish Oy (Private Limited Liability Company)?
The minimum capital required for an LLC in Finland is 2,500 EUR.
2. What is the minimum share capital for a Finnish Oyj (Joint Stock Company)?
The Public Limited Liability Company is set up by at least two natural persons, or legal entities, who must provide a minimum capital of EUR 80,000.
3. Are there any special requirements for establishing an LLC in Finland?
At least one person should incorporate the Finnish Limited Liability Company, provided the minimum capital requirement is fulfilled. The management of the company is handled by the management board whose liability depends on the amount of capital invested. Also at least 50% of the board must be residents in the EEA. The Finnish Law requires a registered office in Finland for the Limited Liability Company, and virtual offices can be provided.
4. How can I register for VAT in Finland?
VAT registration is completed by filling a special application and attaching the articles of association of the company. The procedure can be completed by the legal representative of the company and as a result a VAT number is issued.
5. How can I open a bank account in Finland?
Usually banks require the company's Articles of Association, copies of certificate of incorporation, after the company is registered, specimen signatures and copies of passports or identification cards. Some banks may request the presence of the directors, but usually the legal representative is allowed to carry out the whole procedure.
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Company Formation in Finland
BridgeWest provides company formation in Finland. Our assistance includes: > drafting the Articles of Association (necessary for the company incorporation in Finland); The Articles of Association of an Finnish company can be signed through Power of Attorney (the same applies to Public Notary proceedings, a step required by the Finnish Law). > drafting all other documents required for the incorporation…
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Articles on Company Formation in Finland
Finland allows various forms of business types, regulated by the Companies Act. In many ways, setting up a company in Finland does not differ from setting it up anywhere else in Europe. The process is quite simple, and resembles with other countries, and the forms of business entities are not very d ...
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1. What is the minimum share capital of a Finnish Oy (Private Limited Liability Company)? The most common form of business in Finland is the Limited Liability Company, or Oy. The business type is best suited for small to medium sized business and the minimum capital required is 2.500 EUR. 2. What i ...
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1. What is the corporate tax in Finland? Companies that are set up in Finland have to subdue to a corporate tax rate of 26%. All companies that are resident in Finland have to pay the corporate tax for the worldwide income, while those that are not Finnish residents must pay only for the incom ...
1. What is the VAT in Finland? Finnish VAT is mostly applied at a standard rate of 23%. There are however some exceptions from this rate. For instance, VAT for food products is 13%. Books, cultural events, accommodation and medicine are only subject to a 9% VAT rate in Finland. Nevertheless, exports ...
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