Branch

Application
Engages business or trade activities from a permanent place of business in Finland but in the name of the foreign company.

Registration
Must be registered at Trade Register and Tax Administration.

Capital requirement
Not required

Liability
Unlimited liability

Management
Company’s domestic management is at the same time branch management (must be registered). Additional authorized persons may be appointed.

Place of management
A private individual with residence in Finland must be appointed as authorized to accept service of documents for companies resident outside EEA.

Accounting
Annual financial statements for main company as well as for branch. Company’s domestic financial statements must be registered in Finland.

Tax
Incomes from permanent establishment in Finland is subject to a corporate income tax rate of 20.0 %.

Incorporation
Resolution by the company’s management and subsequent registration.

Corporate law
Act on the Right to Exercise Business (122/1919 as amended).

Source: BJL Bergmann Attorneys at Law