Company formation in Finland, in English

Three fixed-price packages

One-off fixed prices without VAT: 25.5 % VAT is added for a customer in Finland, while a company established abroad is invoiced without Finnish VAT. Authority fees and insurance premiums are paid by you directly, so they never pass through our invoice. A package does not tie you to our bookkeeping, which has no minimum period.

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What every package has in common

• A written scope and price first. You know what you get and what it costs before any work starts.
• Your numbers, not a template. The choice between a toiminimi and an Oy is made with your expected sales, costs and own pay, not a rule of thumb.
• The registrations in one go. The VAT register, the prepayment register and, if you will pay wages regularly, the employer register are requested on the start-up notification itself, at no extra cost.
• The books from day one. We set up your bookkeeping, the Suomi.fi mandates and the first deadlines, so nothing is missed in the first months. Bookkeeping then follows our published monthly prices, with no minimum period.
• One person who answers. You deal with the accountant who prepares your formation, and if you continue with our bookkeeping, the same accountant keeps your books.

What it costs in total

Our price plus VAT, and PRH's fee paid by you straight to PRH. PRH's fees carry no VAT.

The guided online package suits an Oy whose standard articles are enough, when every person named in the notification (the shareholders, the board members and any managing director) has a Finnish personal identity code. Otherwise, for example when a shareholder or board member has no Finnish identity code, the ordinary notification is used. More in our article on company registration costs.

Toiminimi or Oy?

A toiminimi is the cheapest to start and run. An Oy keeps your own money apart from the company's and is usually lighter on tax once the profit grows. Our article on toiminimi or Oy works through an example.

Founders from abroad

• A toiminimi can be started by a person who lives permanently in the European Economic Area, whatever their nationality. Someone living permanently outside it needs PRH's permission first; that permit is not part of our package.
• An Oy can be owned by anyone, from anywhere. The Companies Act asks that at least one regular board member lives in the EEA; a board of fewer than three members needs a deputy member, and at least one deputy must live in the EEA too; a managing director, if there is one, must live in the EEA. A role that does not meet its rule needs PRH's permission. We check your plan against this before you sign anything.
• Without a Finnish personal identity code the guided online package is not available, so the Oy is registered with the ordinary notification and PRH's fee is 400 euros.
• A bank account is usually the slowest step for a founder who has just arrived. Our article on business banking for a foreign founder shows what banks ask for.

Our guide to starting a business in Finland as a foreigner goes through the decisions in order.

How it works

1. Request a free introduction. Tell us what the business will do and who the founders are. You get the scope and the fixed price in writing.
2. We verify who you are. The anti-money laundering law requires an accounting firm to identify its clients and their beneficial owners before the work starts.
3. We prepare the documents with you. For an Oy, the memorandum of association (in which the shares are subscribed), the articles of association, the board's first decisions and the start-up notification; for a toiminimi, the notification. You read them, ask, and we correct.
4. You sign and file. Since 1 January 2026 a limited company files only electronically, at ytj.fi or through PRH's online form, with strong electronic identification; a toiminimi can still file on paper. PRH's fee is paid at the same time. An Oy's start-up notification must be filed within three months of signing the memorandum of association, or the formation lapses. If none of the founders has Finnish identification, we go through the way to file with you at the introduction.
5. The Business ID and the registrations follow. PRH and the Tax Administration process the notification; PRH publishes its current processing times on its website. An Oy becomes a company in law when PRH enters it in the Trade Register.
6. We start your books. The Suomi.fi mandates, the shareholder register, the beneficial owner notification if the ordinary route still needs one, and the first VAT and prepayment deadlines in writing.

What we do not do

We do not provide a registered address in Finland, act as a board member or managing director for you, or sell ready-made companies. We cannot promise how long PRH or a bank takes, and we do not handle residence permits. If any of these is what you need, we will tell you at the introduction rather than after you have paid.

After registration: bookkeeping

The monthly bookkeeping follows our price list, with the year-end and the software included and no limit on receipts:

See accounting for a sole trader or accounting for a limited company for what the monthly price covers, and payroll services if you will employ someone.

Frequently asked questions

How much does it cost to start a company in Finland?

With us, 399 euros plus VAT for a toiminimi and 999 euros plus VAT for an Oy. PRH's own fee comes on top and is paid by you directly: 0 or 75 euros for a toiminimi, 300 or 400 euros for an Oy in 2026.

Can I start a company in Finland without a Finnish personal identity code?

Yes. An Oy can be founded by people without a Finnish identity code, using the ordinary start-up notification (PRH's fee 400 euros), filed electronically. The residence rules for the board and the managing director still apply, and we check them first.

Do I need share capital to start an Oy?

No. Since 2019 a private limited company needs no minimum share capital; it can be founded with 0 euros.

Do I have to buy your bookkeeping as well?

No. The package stands on its own. Most clients continue with us, and our monthly bookkeeping has no minimum period, but you are free to choose another accountant.

Do you provide a registered address or a nominee director?

No. We do not act as a board member or managing director for anyone, and we do not provide a business address.

How long does registration take?

We prepare the documents as soon as we have your details and have verified your identity. PRH and the Tax Administration then process the notification; their processing times change through the year, and PRH shows the current ones on its website.

Which is better, a toiminimi or an Oy?

It depends on your profit, your risk and how you want to pay yourself. We compare the two with your own figures in the package; our article on toiminimi or Oy shows the method.

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