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 of the Finnish company;
These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Finland, passport copies etc.

> arranging Public Notary procedures (The procedures for incorporating a company in Finland have to be done through a Finnish Public Notary);

> offering a Registered Office in Finland for your company (if required);
The registered office may be any address where the Finnish company declares to have its headquarters. The registered office will be public.

> setting up a bank account for your Finnish company.
This refers both to an initial share capital account as well as a current bank account after the company is formed.

> recommending an accountant in Finland;
Accountancy services are recommended for any new business registration in Finland.

BridgeWest can provide assistance for the formation of the following types of companies:


> Limited Liability Company - This type of company is formed by one or more persons and can be private or public. This means, that shares are not available for public trading in a private company, while a public limited company admits negotiable shares. The minimum capital required for a private limited company is EUR 2.500, while that of the public company must reach EUR 80.000. The shareholders of a limited liability company, public or private have no personal liability for the company's obligations, however the Articles of Association of the company may state specific payments that have to be made by shareholders.


> Forming a General Partnership in Finland
A general partnership is set up by two or more individuals, or legal entities who distribute profits and losses among themselves. There is no initial capital required, instead the partners, who are all general (also called active partners), are held liable for all the company's obligations, to the extent of their personal assets. They have the right to interfere in the management of the company, and to claim their profit gains. A Finnish general partnership must be registered within the Trade Register.

> Forming a Limited partnership in Finland
Two or more individuals, or legal entities, may establish this kind of partnership. At least one partner is the general one, who is fully liable to the partnership's obligations, but instead has the right to claim profit, and to interfere in the company's management, and at least one partner is limited, or silent, which means he is liable to the extent of his or her contribution, but may not apply his own decisions in the management of the company. Silent partners do not contribute to the coverage of losses. As the general partnership, a limited partnership must be submitted for registration at the Trade Register.

> Forming a Private Limited Liability Company (osakeyhtiö Oyj) in Finland
A private limited liability company is formed by one or more persons, who can be individuals or legal entities. The minimum capital of such a company has to be EUR 2.500. The shareholders involved in opening a company in Finland bear no personal liability for the company's debts and obligations, and their shares are not free to negotiate and trade to the public.

> Forming a Public Limited Liability Company (osakeyhtiö Oy) in Finland
As the private limited liability company, the public limited company is set up by at least two natural persons, or legal entities, who must provide a minimum capital of EUR 80,000. This company form is designated for those who choose to open a company in Finland at a larger scale, and its shareholders bear no liability with their assets, to the company's debts and obligations. Besides the capital amount needed to open a company in Finland, the main difference between the two private and public limited liability companies, resides in the shares negotiability. A public limited liability may offer its shares for trade, or can transfer them.

BridgeWest is also able to offer ready-made Finnish companies and VAT registration.

Please contact us for more information and prices regarding opening a company in Finland.