An accessible, step-by-step guide for foreign entrepreneurs planning to start a business in Finland, covering legal requirements, permits, taxes, and tips for success.
Finland isn’t just known for its beautiful landscapes and quality of life — it’s also one of the most business-friendly countries in Europe. With a transparent legal system, strong innovation culture, and excellent infrastructure, it’s no surprise that more and more foreign entrepreneurs are setting up here.
Whether your focus is technology, renewable energy, gaming, or another high-growth industry, Finland offers a well-connected market and access to the entire EU.
Most foreign entrepreneurs opt for the private limited company, or Osakeyhtiö (Oy). Here’s why:
The main requirements are having at least one director who resides in an EEA country and maintaining a registered office in Finland.
Starting a company involves preparing the Memorandum of Association, Articles of Association, founding meeting minutes, and — if applicable — proof of share capital. This is followed by submitting the registration to the Trade Register.
It can sound complex, but Scandicorp can manage the entire process for you, ensuring all documents meet Finnish legal standards.
If you plan to move to Finland to run your business, you’ll likely need an Entrepreneur Residence Permit. This requires proving your business’s financial viability and submitting a detailed business plan. For significant investors, there’s also a Golden Visa option, which provides residency in exchange for qualifying investments.
The corporate tax rate is a competitive 20%, and VAT stands at 24%. Companies must file annual financial statements and tax returns. Scandicorp offers support with tax planning, VAT registration, and ongoing accounting so you can stay compliant without the stress.
Starting a business in a new country involves more than legal compliance — you’ll also want to integrate into the local business community. Scandicorp can introduce you to relevant industry contacts, government incentive programs, and potential partners.
For a complete breakdown of every step, see the full article: How to Start a New Business in Finland as a Foreigner.
