Buying a company in Finland
Currently, it is becoming increasingly difficult for Russian citizens to open a company and bank account in Finland, as Finnish banks are making the process more complicated for Russian-speaking clients and require the presence of all board members and founders when opening an account.
Therefore, we have developed a solution that allows you to purchase a company in Finland with an active bank account.Buying a company in Finland and transferring ownership to a new owner can be done in 1 day, with the purchase and transfer carried out remotely without visiting Finland.
* Advantages of purchasing such a company:
- Remote transfer of ownership within 1 working day.
- The company already has an open bank account in Finland.
- The minimum statutory capital (€2,500) has already been paid.
- The company has not conducted any business and was created specifically for sale.
- We can provide a professional board member who is a resident of Finland (by law, a Finnish company must have at least one person residing in the EU, and the Finnish bank requires one board member to be a resident of Finland).
* Legal organizational form:
Oy or Osakeyhtiö (joint-stock company) is the most popular legal form in Finland and suitable for most types of business. An Oy is analogous to a Russian LLC.
Like a Russian LLC, the advantage of an Oy is the limited liability of shareholders for company debts, limited to the value of their shares.
The purchase is completed remotely within one working day without visiting Helsinki. Full re-registration in the trades register and obtaining the certificate of the new company management typically takes about 7 working days.
For transferring ownership of the company, the following information is required:
- Copies of shareholders’ international passports
- Bank reference letter – in English or a certified translation into Finnish. The bank must specify the current registered address of the client.
Additional information for purchasing a company:
- When changing the company’s name, we need 3 different name options in English or Finnish, listed in order of priority.
- Description of the business activity (e.g., buying and selling construction equipment from Finland to Russia).
- Contact details of all founders.
* Management structure of a Finnish company
Having a resident of Finland or the EU on the board of an Oy is a mandatory requirement, as the resident serves as the guarantor of responsibility before Finnish tax authorities and the bank, ensuring the payment of taxes and other obligations.
A resident of Finland or the EU can be a board member without being a shareholder or managing director. Their role is limited to representative functions.
The cost of re-registration includes full support: initial consultations, document preparation, opening a bank account in Finland, activation in VAT/ALV registers, ennakkoperintä, and employer register.
The state fee for changing the company name or making amendments to founding documents is €380.
* Additional services we offer:
- Professional representation service with a Finnish resident
- Assistance with VAT/ALV registration and ennakkoperintä registration
- Opening a bank account in Finland
- Providing a legal address
- Accounting services in Finland