The Sale of Goods Act relates to trade in movable property. Where applicable, it also applies to the exchange of movable property. It does not affect the transfer of a building, fixed facility or structure in another country if the right to use the land is transferred at the same time.
The Trade Register is kept by the National Board of Patents and Registration, which is called the registration authority in legislation. In matters relating to the trade register, magistrates and the Centres for Economic Development, Transport and the Environment act as the local authorities.
Types of collaboration
Businesses may improve their competitiveness by going international and by finding partners. These may be other businesses or research partners, among others. There are several organisations in Finland which assist businesses in forming contacts and finding business partners.
New types of European business structure
New business forms include the European Company, SE or Societas Europaea.
Other options for expanding your business are taking over an existing one, merging with another company or opening a branch in another EU country.
The best information about registration for all business types, and up-to-date forms, can be found in the trade register of the National Board of Patents and Registration. It is a public register in which information relating to traders or companies is noted. Generally speaking, companies must be listed in the trade register. Companies must also provide notice of any changes in their trade register information, and most companies have to send their accounts information to the trade register.
Application processing times can also be checked in the trade register.
Companies' public identification and contact information can be found in the Finnish Business Information System (YTJ).
Preventing double taxation
People who live in Finland are also subject to tax in Finland on any foreign income. The possibility of double taxation is prevented by a tax agreement that Finland has concluded with approximately 60 countries.
The Tax Administration website explains whether a foreign salary will be taxed exclusively in Finland or whether it will also be taxed by the foreign country in which the work was done. If both countries impose tax, double taxation is eliminated. This often happens so that foreign tax is deducted from the tax determined for the same income in Finland.
A list of the valid tax treaties is available on the Tax Authority website.
EnterpriseFinland is a free Internet service that brings together extensive information and contacts for setting up, developing and running a business.
Detailed information about franchising may be obtained from the Finnish Franchising Association.