10 steps to incorporating in Finland in 2023
- Prior to the Finland company incorporation process, our Client i) settles Healy Consultants’ engagement fees ii) signs and returns our Client engagement letter and iii) provides us all the required due diligence documents;
- Healy Consultants drafts a detailed strategy document, which maps out a weekly schedule for the engagement, optimizing transparency and setting Client expectations;
- Thereafter, Healy Consultants prepares the company M&AA for Client signature and courier return;
- Healy Consultants’ banking team will assist our Clients open a corporate account in Finland by submitting the i) M&AA ii) minutes of the meeting of the Board of Directors iii) a detailed business plan and iv) an application for a permit if none of the directors are EU residents. Our Client will deposit at least €2,500 as share capital into the bank account, and provide Healy Consultants the bank certificate of deposit;
- After corporate structure is agreed, Healy Consultants prepares the company incorporation form Y1 provided by the National Board of Patents and Registration, for Client signature and courier return;
- After receiving all the necessary documents from the Client, Healy Consultants will have them translated into either Finnish or Swedish;
- Thereafter, Healy Consultants legally incorporates the company by submitting to the National Board of Patents and Registration the following documents: i) M&AA ii) signed incorporation forms iii) declaration from company directors stating acknowledgement of the Finnish LLC Act and iv) certified copies of Client’s passport;
- After incorporation, Healy Consultants will i) register the company with the Tax Administration and ii) subscribe to pension and medical insurance providers, which is mandatory by law;
- Healy Consultants assists our Clients’ activate the internet banking facility;
- Following engagement completion, Healy Consultants couriers a full company kit, including original corporate documents, unopened bank correspondence and a Client feedback survey.
Frequently asked questions
Which authority is responsible for Finnish company incorporation?Incorporation in Finland is done with the Finnish Patent and Registration Office.
How long does it take to incorporate a company in Finland?It takes on average 3 weeks to incorporate in Finland.
Will I have to appoint an auditor during the incorporation process in Finland?No. Finnish companies need to be audited only if they fall under two of the following three criteria i) over €200,000 in annual turnover ii) over €100,000 in assets and iii) more than 3 employees.