Set up a limited liability company online

You can set up a limited liability company online using the service in Finnish or in Swedish provided by the PRH and the Finnish Tax Administration. You can use the service

  • if standard articles of association are sufficient for the company
  • if the shares are paid into the bank account of the company being set up
  • if the subscription price in full is credited to the share capital
  • if all share subscribers and members of the board of directors are adults, and they and the managing director and auditor, if any, have a Finnish personal identity code and personal internet banking codes or an electronic identity card (HST card)
  • if holders of procuration and persons authorised to represent the company, if any, have a Finnish personal identity code

The online service automatically creates a memorandum of association and articles of association for your company.

What can I do online?

You can register your company online with the PRH Trade Register, and with the VAT Register, Prepayment Register and Employer Register at the Finnish Tax Administration. You can also provide the information required for determining advance tax.

What details do I need to set up a limited liability company?

You must report the following details to set up a limited liability company online:

  • its company name, line of business, financial period, place of registered office, and auxiliary company names and their lines of business, if any
  • the names and personal identity codes of shareholders, members of the board of directors, and the managing director, if any
  • the names and personal identity codes of auditors, holders of procuration or persons authorised to represent the company, if any

How do I get a Business ID?

You will get a Business ID for your company, and a record number for your notification, once you have signed the notification online and paid the handling fee of 330 euros to the PRH Trade Register. If you also report an auxiliary company name to the Trade Register, the handling fee is 100 euros.

When do I pay the share capital?

After setting up the company online, you open a bank account for the company. The share capital is then paid to the account.

After the share capital is paid, the board members and the managing director, if any, must sign a statement online concerning the payment of the share capital.

The auditor must sign a certificate. If your company has no auditor, enclose some other account on the payment of the share capital, such as an account statement or a receipt of the payment in pdf, doc or docx format.