Public Business Support and Funding

TABLE OF CONTENTS PREVIOUS CHAPTER STARTING UP A BUSINESS IN FINLAND NEXT CHAPTER STARTING UP A BUSINESS IN FINLAND International companies are warmly welcomed and enjoy high return on investment in Finland. They can access the same benefits as Finnish companies. Opening a legal entity takes only a couple of weeks. 4 QUICK STEPS TO SET UP A BUSINESS IN FINLAND STEP 1: Select a name for your company. To gain exclusive rights to the name, you should submit it to the Trade Register which is main- tained by the Finnish Patent and Registration Office (PRH). STEP 2: Open a bank account for your business. The company requires a bank account to pay share capital, process payment trans- actions and support accounting. STEP 3: File a start of the business noti- fication. Establishing and regis- tering a business requires that a notification be filed with the Trade Register and various Tax Administration registers. This can be done easily using a single form ("Y form"). STEP 4: Take advantage of online tools. You can establish a limited liability company online through the Business Information System online service. You can also cre- ate a workspace at My Enterprise Finland. The My Enterprise Finland service gives you access to a wealth of useful services. These online services require you to log in with your online banking credentials. 12

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