Open a Startup in Finland

If you want to open a startup in Finland, you can get help from our agents. We assist in setting up a company in Finland and guide you in getting a Finnish startup visa.

Who can open startups in Finland? Are there any nationality restrictions?

Any foreigner from EU or non-EU/EEA countries can start a business in Finland.

PLEASE NOTE: Business conditions for non-EU/EEA & Swiss citizens might differ from the ones imposed on EU entrepreneurs.

What is the optimal business structure for a startup in Finland?

OY – The private limited company in Finland.

What is the minimum share capital required?

Not imposed.

What are the main conditions to open an OY in Finland?

• ensure your residence in Finland by obtaining the right type of permit,
• get the eligibility declaration from the Finnish Trade Register if you come from a non-EU/EEA country,
• prepare & present your business plan,
• check & reserve the desired business name for your startup in Finland,
• prepare the Articles of Association,
• obtain the business ID from the Finnish Trade Register,
• register for VAT in Finland (here is an article on this topic),
• open a corporate bank account in Finland,
• register your staff with Social Security in Finland,
• get the company staff once all the above steps are concluded.

Do I need a business license for my startup in Finland?

Yes, depending on the future activities. This article explains the key steps.

Can startups in Finland access funds?

Yes, there are various governmental funds that can be accessed by startup founders in Finland.

Can a startup in Finland hire foreign staff?

Absolutely.

Where do I register a startup in Finland?

At the Finnish Trade Register, where our specialists in company formation in Finland can represent you.

Are there any other optimal business structures for startups in Finland?

Yes, these are:

• Sole trader/proprietorship,
• Partnership.

Are there any precautions on startups in Finland to consider?

• make sure you understand the Anti-Money Laundering policies when registering a startup in Finland and particularly when opening a bank account,
• YEL insurance is mandatory for pension contributions in Finland,
• in Finland, there are the Collective Bargaining Agreements determining all protocols & rights of employees.

In addition to incorporating a startup, our team can help you open a branch office in Finland. The services of our company formation agents in Finland are at your disposal; you can seek their practical assistance through the registration procedure. Contact our specialists if you want to get your Finnish startup visa.