Public Business Support and Funding

54 54 A COMPANY'S LOCATION AND BUSINESS PREMISES Foreign companies can lease or acquire business premises in Finland. You can either lease or purchase premises for your busi- ness or build a new facility on a site. Before deciding be- tween leasing, buying, or building business premises, you should find out where the ideal location for your line of business is and clarify your essential needs. For example, should the premises be in an industrial area or in a more central location? How much space is needed? Is adequate storage space available? Is there room to expand? How are the logistics to be handled? A comparison between leasing and purchasing premises is very sensible. Owning premises ties up company capital, detracting it from the actual business and core competen- cies, but it may also be a sound investment. Leasing prem- ises can improve the ability to react quickly to changes in the company's need for space. On the other hand, owning the premises will ensure the undisturbed continuance of business. Additionally, the rental costs of business prem- ises can be very high in certain areas. TABLE OF CONTENTS PREVIOUS CHAPTER A COMPANY'S LOCATION AND BUSINESS PREMISES NEXT CHAPTER D

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