Starting a business in Finland

Legal Forms of Companies

Toiminimi (The Sole Proprietorship)

Number of partners: 1 partner
Capital (max/min): No minimum capital required
Shareholders and liability: Undefined

Osakeyhtiö ou Oy (Private Limited Company)

Number of partners: Minimum 1 person
Capital (max/min): No minimum capital required
Shareholders and liability: Liability is limited to the amount contributed.

Julkinen osakeyhtiö, Oyj (Public Limited Company)

Number of partners: Minimum 1 person
Capital (max/min): EUR 80,000
Shareholders and liability: Liability is limited to the amount contributed.

Co-operative

Number of partners: Minimum 3 founders
Capital (max/min): Decided by the founders, no minimum capital. Participation shares must be of equal value.
Shareholders and liability: Undefined

Avoin yhtiö, Ay (General Partnership)

Number of partners: Minimum 2 general partners
Capital (max/min): No minimum capital
Shareholders and liability: General Partner is personally liable and without limitation for the company's debts and obligations.

Kommandiittiyhtiö, Ky (Limited Partnership)

Number of partners: Minimum 1 general partner + 1 limited partner
Capital (max/min): No minimum capital. At least 1 limited partner with financial input.
Shareholders and liability: At least 1 of the general partners is liable for the debts and obligations of the company.

Business Setup Procedures

Source: Doing Business - Latest available data.