Foreigners to Finland may acquire part or full ownership of a Finnish firm, join a cooperative, or set up a franchise.
Information on company takeovers is provided on EnterpriseFinland website.
A business name and its use is set out in the Trading Name Act.
Types of takeover
Franchising involves a collaboration model between two businesses. The franchiser hands over the user rights to the concept, in exchange for payment, to the franchisee for the contract term.
A company need not necessarily be set up; it is possible to buy an existing company.
It is also possible to become a shareholder in a company that is already running.
Steps in the takeover process
There is information about the practice of starting up a business activity at EnterpriseFinland.
Retiring business owners need to plan the transfer of their business in advance.
Some standard requirements to be completed when taking over a business are the same as when setting up a new business.
Business owners must officially notify the Trade Register and the Tax Administration office of any change in the ownership of their business.
Joint service point
You can find the necessary forms on the Finnish Business Information System (YTJ) website.
EnterpriseFinland has a search facility for companies to find electronic forms
EnterpriseFinland website provides information on starting up and developing a business as well as on international expansion, taxation, change of generation and public funding.
Suomi.fi is the shared website for public administration services. Useful information for everyday life in Finland has been compiled under various topics.
The Info Bank provides information about Finland in 15 different languages.
Establishing and registering a company is set out in the Business Information Act.