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Development Opportunities
Finland is a country that provides a win-win strategy for new entrepreneurs, offering many resources for them to develop the skills needed to run their businesses. Several well-established companies such as Startup Sauna, NewCo Factory, and Helsinki Think provide a platform for new entrepreneurs to sharpen and formulate their strategies.
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Innovative Technology
Finland is a technologically advanced country. Internet access and online processes enable the country to operate at a faster pace, allowing every small startup to manage and easily access the online world, making collaboration and community service participation easier. The telecommunications industry is highly developed in the country, resulting in a high level of exposure to the technological world and expanding opportunities in various possible fields.
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Stable Political Environment
The judicial system has successfully maintained a peaceful environment in the country. From a business perspective, the corruption rate is very low. This enables healthy business development, and Finland ranks fifth in terms of low corruption rates, only surpassed by Switzerland, New Zealand, Denmark, and Finland.
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Higher Education
Finland produces highly skilled graduates across all fields. The workforce is known for efficiency, technical expertise, and strong work ethic. Finnish professionals are goal-oriented and highly responsible, as reflected in the success of global companies like Nokia, Kone, Supercell, and Wärtsilä.
Tax Info
Enter Dynamic Page- General CIT Rate
- 20
- CIT Return Due Date
- Four months from the end of the accounting period.
- CIT Payment Due Date
- Taxpayers can apply to modify the prepayment of tax until the tax assessment is completed (within ten months from the end of the fiscal year). The deadline for the final CIT payment is the third day of the second month after the completion of the tax assessment for the current year.
- CIT Estimated Payment Due Date
- The company's prepayment of taxes is collected in two installments or 12 installments during the tax year. If the total amount to be paid does not exceed 2000 euros, the installments will be due in the third and ninth months of the accounting period. If the total amount to be paid exceeds 2000 euros, the installments will be due monthly (on the 23rd of each month). The tax authorities can collect or increase prepayment of taxes without application within two months after the end of the fiscal year. The tax authorities may reduce or cancel prepayment of taxes (with or without the taxpayer's application) until the tax assessment is completed.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- 0/0/0
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 20/0/15
- General VAT Rate
- 25.5
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 19.71%
- Composite Effective Marginal Tax Rate
- 22.6%
Administrative Regions
- 01 - Åland Islands
- 02 - South Karelia
- 03 - Southern Ostrobothnia
- 04 - Southern Savonia
- 05 - Kainuu
- 06 - Tavastia Proper
- 07 - Central Ostrobothnia
- 08 - Central Finland
- 09 - Kymenlaakso
- 11 - Pirkanmaa
- 12 - Ostrobothnia
- 13 - North Karelia
- 14 - Northern Ostrobothnia
- 15 - Northern Savonia
- 16 - Päijänne Tavastia
- 17 - Satakunta
- 18 - Uusimaa
- 19 - Finland Proper
- IS - Eastern Finland Province
- LL - Lapland
- OL - Oulu Province
Belonging Jurisdiction
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FI - Finland
Republic of FinlandLearn MoreRepublic of Finland -
EEA - European Economic Area
European Economic AreaLearn MoreEuropean Economic Area -
EU - European Union
European UnionLearn MoreEuropean Union -
WORLD - Global
EarthLearn MoreEarth
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