Company Registration in Finland

Company Registration in Finland
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Company registration in Finland is managed by the Finnish Patent and Registration Office (PRH). The process involves several steps, and the type of business structure you choose will determine the specific requirements. Here is a general guide for company registration in Finland:

### 1. Choose a Business Structure:

1. **Limited Liability Company (Osakeyhtiö – Oy):**
– Common for small to large businesses; provides limited liability for shareholders.

2. **General Partnership (Avoin yhtiö – Ay):**
– Simple structure suitable for small businesses; partners have unlimited liability.

3. **Limited Partnership (Kommandiittiyhtiö – Ky):**
– Similar to a general partnership but includes limited partners with limited liability.

4. **Branch Office:**
– For foreign companies looking to establish a presence in Finland.

### 2. Reserve a Company Name:

1. **Check Name Availability:**
– Verify the availability of the desired company name through the PRH.

2. **Reservation:**
– Reserve the chosen name through the PRH.

### 3. Prepare Documents:

1. **Articles of Association (for Oy):**
– Draft the articles outlining the company’s objectives, structure, and rules.

2. **Partnership Agreement (for Ay and Ky):**
– Prepare a partnership agreement detailing the rights and responsibilities of each partner.

### 4. Registered Office:

1. **Choose a Registered Office:**
– Specify the registered office address in Finland for official correspondence.

2. **Provide Details:**
– Provide details of the registered office to the PRH.

### 5. Share Capital (for Oy):

1. **Declare Share Capital:**
– Declare the minimum share capital required for a limited liability company.

2. **Contributions:**
– Specify the contributions of each shareholder.

### 6. Appoint Directors/Partners:

1. **Appoint Directors (for Oy) or Partners:**
– Appoint the necessary directors or partners according to the chosen business structure.

2. **Director Consents (for Oy):**
– Obtain the written consent of each director.

### 7. Register with the PRH:

1. **Online Registration:**
– Register the company online through the PRH’s electronic services.

2. **File Documents:**
– Submit the required documents, including the articles of association and details of directors/partners.

### 8. Tax Registration:

1. **Tax Registration:**
– Register with the Finnish Tax Administration for tax purposes.

2. **VAT Registration (if applicable):**
– Register for Value Added Tax (VAT) if the business meets the registration threshold.

### 9. Professional Advice:

1. **Legal and Accounting Advice:**
– Seek advice from legal and accounting professionals to ensure compliance with regulations.

2. **Registered Office:**
– Ensure ongoing compliance with the registered office requirements.

### 10. Employee Registration (if applicable):

1. **Social Insurance Registration:**
– Register with the Finnish Centre for Pensions and the Social Insurance Institution for employee benefits.

2. **Compliance with Employment Laws:**
– Comply with Finnish employment laws when hiring employees.

### Important Considerations:

– **Annual Reports:**
– File annual reports with the PRH.

– **Business License (if applicable):**
– Certain business activities may require specific licenses.

– **Bank Account:**
– Open a business bank account in the name of the company.

This guide provides a general overview, and it’s essential to consult with legal and financial professionals to navigate the specific requirements for your chosen business structure and industry. Authorities in Finland, including the PRH and the Finnish Tax Administration, should be consulted for the most up-to-date and accurate information.

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