Public Business Support and Funding

TABLE OF CONTENTS PREVIOUS CHAPTER STARTING UP A BUSINESS IN FINLAND NEXT CHAPTER 14 14 BRANCH Foreign companies have the possibility of performing eco- nomic activities through branches in Finland. It is worth noting, that this form of business is not considered a legal entity and the parent company remains liable for its ac- tions. A branch of a foreign company is defined as a part of a foreign organization or foundation that runs a continuous business or trade from a permanent place of business in Finland in the name of and for the benefit of a foreign or- ganization or foundation. The branch must operate in the same line of business as the parent company. The name of the branch must include the name of the foreign trader in the registered form to- gether with an addition that indicates it is a branch. The ad- dition can be, for example, "sivuliike Suomessa" (branch in Finland), "filial in Finland" or "filial". A Finnish branch must be registered at the Finnish Trade Register by either a representative of the parent compa- ny or an individual granted with power of attorney. Reg- istration requires some specific documents such as the memorandum of association, the articles of association, a certificate of registration, and a standard application containing the following: the branch's name and its post- al address, the type of performed business (same as the foreign company), the foreign company's name, company type, the name of the register where the foreign company was registered, and the name of the person entitled to rep- resent the branch. If the procedure is respected and all the documents are in good order, the registration process of the branch shouldn't take longer than seven working days. In branch, the parent company remains liable for its actions. MORE INFO You can find more specific information: Finnish patent and registration office

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