Start a Business in Finland

Register via YTJ online service

Submit the establishment notification through the Business Information System (YTJ) to the Trade Register

Obtain Business ID (Y-tunnus)

Receive your Business ID from the Trade Register for use in all official transactions

Engage local legal and tax advisors

Retain Finnish-licensed advisors experienced in EU compliance, R&D incentives, and immigration procedures

Deposit share capital

Deposit minimum EUR 2,500 share capital into a Finnish bank account and obtain confirmation

Register for VAT and employer register

Register for ALV (VAT), prepayment register, and employer register through the Finnish Tax Administration

Arrange mandatory pension insurance

Set up TyEL pension insurance for employees through an authorized insurance company such as Ilmarinen or Varma

Open corporate bank account

Open a business account at a Finnish bank (Nordea, OP Financial, Danske Bank) with Business ID and registration documents

Apply for Business Finland startup grant

If building an innovative startup, apply to Business Finland for startup grants and acceleration programs

Claim R&D super-deduction

Document qualifying R&D expenses to claim the 150-200% super-deduction on your corporate tax return

Register for Incomes Register

Set up reporting to the national Incomes Register (tulorekisteri) for all salary and benefit payments

Secure commercial premises

Lease office space in Helsinki (Maria 01, Otaniemi), Tampere, Oulu, or Turku based on your sector

Apply for residence permits for non-EU staff

Submit applications through the Finnish Immigration Service (Migri) - use specialist fast-track for qualifying roles