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Company types and taxation

In Finland, it is possible to engage in business activities through the following company types: sole proprietor ("business name", tmi), partnership (ay), limited partnership (ky), limited company (oy), cooperative or branch of a foreign company.

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When choosing your business type, you should consider e.g.:

  • the number of founders
  • the need and availability of capital
  • responsibilities and decision-making
  • the flexibility of operations
  • the continuity of operations
  • taxation

A company pays income tax based on the company's taxable income, income taxes are paid in advance. Company type affects taxation.

Value Added Tax is a consumption tax that the seller includes in the sales price of the product or service. Almost everyone who sells goods or services as a business is liable to pay VAT (with the exception of health and medical services, social welfare services and financial and insurance services; these are specifically provided for in the VAT Act). The general VAT rate is 24%, and company type does not affect VAT.



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Keski-Uudenmaan Kehittämiskeskus Oy

Business Development Centre Ltd. Helsinki Region North
Puuvalonaukio 2D, 2. krs, 04200 Kerava

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