The business of foreign entrepreneurs can develop, in the first phase, with the help of a liaison office in Finland. If you want to start a business in Finland and establish your presence here, you should discuss it with one of our local specialists. We can manage the process of company formation in Finland and help investors settle their operations in this country.
| Quick Facts | |
|---|---|
| The purpose of a liaison office in Finland | For advertising and promoting the activities of a foreign company in Latvia, for contracting potential local collaborators and partners |
|
How is the liaison office known in Finland? |
Representative office |
|
How can a representative office be registered in Finland? |
By presenting the documents of the foreign company: – Articles of Association, – Certificate of Incorporation. Other standard forms might be solicited to be filled out. |
| Can a liaison office in Finland have commercial activities? (YES/NO) | NO |
| Contracting potential clients and partners (YES/NO) |
YES |
| Local agent required (YES/NO) |
YES |
| Attributes of a liaison officer |
– promoting the business activities of the foreign company, – getting in touch with local clients, – developing market research, – communicating with the company from overseas |
| Bank account for a liaison office in Finland |
Recommended for the expenses of the liaison office in Finland |
| Allowed to invoice local customers |
Not available |
| The institution that authorizes the liaison office in Finland | Finnish Trade Register |
| The costs of opening a representative office in Finland |
Supported by the overseas company represented in Finland |
| Travel requirements |
Not mandatory, but recommended |
| Business advertising through a liaison office in Finland |
The goods, services, and activities of a foreign company can be advertised in Finland through a representative office. |
| Time frame for opening a liaison office in Finland |
A few days or months, depending on the paperwork and formalities |
| Why choose our company formation agents in Finland? |
We can offer: – support in preparing the documents for opening a liaison office in Finland, – assistance with the relevant registration authorities, – complete services at affordable costs. |
How can a representative office be established in Finland?
A liaison office in Finland must be registered with the local authorities, such as the Trade Register. Here are other formalities in this direction:
- The Certificate of Incorporation of the parent company must be presented, as well as the decision to open a liaison office in Finland.
- A liaison officer is needed to represent the respective company on the territory of Finland.
- A representative office must have a business address in Finland.
- It is necessary to open a bank account for expenses with the liaison office in Finland.
- No minimum capital is needed to be able to open a representative office in Finland.
- Because it does not have commercial activities, a liaison office in Finland does not need to be registered for the payment of taxes.
- At least one director is needed to start the activities of a liaison office in Finland.
These are some of the formalities and procedures for opening a representative office in Finland. We advise those interested to contact our company formation agents in Finland to discover as much as possible about this structure and how it can be registered. We are also here for those interested in how to open a company in Finland in varied fields of interest.
Some of the characteristics of a liaison office in Finland
As mentioned above, a liaison office in Finland cannot undertake commercial activities. Among the operations it can develop, we list:
- Marketing and promotion activities;
- Representation of the operations of a foreign company on the territory of Finland;
- Development of business and marketing projects in order to enter the market;
- Contracting potential clients interested in the services and products of a liaison office in Finland.
If you want to set up a company in Finland and are interested in a representative office, we recommend specialized help from our local agents. They can take care of the formalities and prepare the necessary documents for registration.
Can a liaison office import and export goods in Finland?
No, a representative office in Finland cannot carry out activities of any kind, including those related to the import and export of goods. This type of office is opened strictly for the promotion of the activities, services, and products of a foreign company.
Taxation of a liaison office in Finland
Because it has no commercial activities in the Finnish market, the representative office is not subject to the payment of taxes in this country. Therefore, no VAT or corporate tax is paid by having a liaison office in Finland.
Finland, a top destination for investors
With economic growth registered annually and a business climate highly appreciated among top-quality entrepreneurs, Finland is an optimal business and investment destination. And to give you an idea of the country’s economy, if you want to open a business or even a liaison office in Finland, the following figures might arise your interest:
- Data for 2022 show that GDP in Finland increased by 2.1%.
- The inflation rate recorded at the end of 2022 was approximately 7.2%.
- The government deficit dropped to 0.9% of Finland’s GDP, in the same year.
Those interested in opening a liaison office in Finland are advised to contact us. We have a team ready to inform as much as possible about company incorporation in Finland and related aspects.