Welcome to Fionza Consultants, your trusted partner for setting up a company and opening a bank account in Finland. Follow our 6-step guide, and you’ll be conducting business with your Finnish company in as little as 8 weeks.
Step 1: Choosing the Right Corporate Entity
Our dedicated consultants will assess your business goals and activities to recommend the most suitable corporate structure. We’ll help you determine the optimal share capital, corporate setup, and any necessary licenses for your business.
Step 2: Reserving Your Company Name
Fionza Consultants will perform a name search and reserve your preferred company name with the Finnish Trade Register at the Finnish Patent and Registration Office.
Step 3: Preparing Necessary Documents
We’ll guide you through providing essential Know Your Customer (KYC) documents, including director names, certified passport copies, address proof, bank reference letters, and CVs for due diligence checks. If needed, we can assist in renting local offices and appointing a company secretary.
For non-EU resident directors, we’ll handle permit applications as required. Additionally, we’ll draft Articles of Association, a business plan, and other incorporation documents tailored to your business activity and structure.
Step 4: Registering Your Company
Fionza Consultants will file the Articles of Association for approval with the Trade Register. Once approved, we’ll complete the final company registration by filing Y1 incorporation forms with the Finnish Patent and Registration Portal. We’ll then courier your Certificate of Incorporation, Memorandum and Articles of Association, and other corporate documents to your chosen address.
Depending on your business activities, we’ll assist in obtaining necessary business permits.
Step 5: Opening a Corporate Bank Account
After registration, Fionza Consultants will help you open a corporate bank account in Finland. We have partnerships with reputable banks, and our team will introduce your business to relationship managers and compliance teams.
Typically, this process takes around four weeks, and travel is often not required for directors and shareholders. If needed, we’ll accompany you to the bank meeting or negotiate for a conference call. Our team can also assist in cases where the meeting is conducted in Finnish.
Once your account is open, we’ll courier the internet banking token and access codes to your preferred address. We work with international banks like Nordea Bank, Danske Bank, and BNP Paribas Fortis to provide you with a wide range of options.
Step 6: Financial Reporting and Taxation
After your Finnish corporate setup, Fionza Consultants will continue to support you with accounting and tax services to ensure compliance with regulatory obligations. We’ll assist with registration with the Finland Tax Administration and manage your financial statements, corporate tax returns, and bookkeeping.
Corporate income tax is typically 20%, and other applicable taxes include property tax, business tax, and Value Added Tax (VAT).
Our dedicated consultants are here to address any questions and help you navigate your company’s obligations.
