Public Business Support and Funding slide image

Public Business Support and Funding

TABLE OF CONTENTS PREVIOUS CHAPTER STARTING UP A BUSINESS IN FINLAND NEXT CHAPTER 28 28 FAQ: STARTING UP A BUSINESS IN FINLAND "C What businesses require a special permit from the Finnish ministry of economic affairs and employment? CC In Finland, businesses involved in activities such as real estate, pharma- ceutics, public catering, freight or passenger transportation, banking and insurance need a special permit from the Ministry of economic affairs and employment. In which industry sectors are merger and acquisition (M&A) deals most common in Finland? Finnish know-how attracts leading international actors from various fields. However, most M&A deals are observed in the sectors of business services, healthcare and wellbeing, cleantech and ICT. Companies have become espe- cially active in technology deals. This can be explained by growth in digita- lization and the Internet of Things (IoT) as it has become more integrated into industrial processes and products. Good target companies in this field can be found among the numerous Finnish startups. CE CE • • Which countries are making the most investments in Finland? Top countries investing in Finland include Sweden, USA, Great Britain, Den- mark, and Germany. What are important steps the buyer should consider before signing a deal? The preparation process usually involves several stages but the main items worth noting are: Economical and legal due diligence - reviewing all documentation and liabilities of the target company. Usually, this step is performed with the help of an external advisor. Consulting the Tax Debt Register to see whether the target company is up to date on its taxes. You will find the most complete information package at PRH.
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