As consistently ranked among the leaders in various international comparisons, Finland offers a business environment with uniquely high level of stability, continuity and predictability.
The pillars of Finland’s well-functioning society includes transparent government and effective state institutions, an independent judicial system and respect for the rule of law. Finland has firmly established civil liberties and personal freedoms as well as progressive gender equality legislation.
According to BMI Research, Finland will remain one of the most politically stable countries globally during the forecast period 2016–2025.
Finland's success story in becoming a highly industrialized, knowledge-based and innovative economy is based on free trade and openness to investment in the globalized economy. As a result, the Finnish business climate is very international and attractive to foreign investment. International companies benefit from Finland's reliable infrastructure, highly educated workforce and ease of doing business.
Did you know that Finland's corporate tax rate (20%) is among the lowest in the EU?
From energy supply to transport and ICT networks, Finland offers an outstanding infrastructure for businesses.
Finland was a forerunner in rolling out 3G networks, and has recently launched the most advanced 5G test network in the world. We also have some surprising infrastructure advantages, such as a stable rock-based ground formation and cool weather that are ideal elements for establishing data centres. In general, Finland is a country where everything works.
Finland's workforce is exceptionally well educated and experienced, and know for its high level of productivity and commitment.
In international comparison, Finnish labor costs are competitive in relation to the employees' level of education and experience, and thus to the quality and quantity of output. Finland is among the countries with the best human capital index in the world in terms of education, well-being and employment.
Did you know that Finland has the 2nd most skilled workforce in the world, according to the World Economic Forum's Global Competitiveness Report (2019)?
Finland ranks among the World's TOP 10 countries in terms of patented inventions per capita.
Knowledge transfer between companies and universities is a key factor in Finland's innovation and economic success. There is strong collaboration between Finnish industries, research institutes, universities and the government, with a proven track record of delivering disruptive technologies and innovative design.
Finland is also a trusted R&D location and offers an excellent R&D and testing environment for new products, production methods, processes or technologies.
Foreign-owned companies in Finland are eligible for a wide range of government and EU incentives on an equal footing with Finnish-owned companies. Invest in Finland and our national network can help you to find out more information about the different forms of incentives and the contacts you need to apply for them.
Finland has the lowest corporate tax rate among the Nordic countries and one of the lowest in the EU. In addition to moderate taxation rates, Finland now offers new tax deductions for companies operating in Finland.
The Finnish Tax Administration has a unique, company friendly and predictable approach. The Tax Administration strongly focuses on modern, pre-emptive approach instead of retrospective traditional tax audits.
Business Finland's innovation funding provides low-interest loans and grants to challenging and innovative projects potentially leading to global success stories. The organisation offers funding for research and development work carried out by companies, research organisations, and public sector service providers in Finland. Besides funding technological breakthroughs, Business Finland also emphasises service-related, design, business and social innovations. Startups as well as SMEs and large companies can benefit from these incentives.
Business aid to companies operating in Finland is coordinated by the Centers for Economic Development, Transport and the Environment (ELY Centers), whose 15 regional offices provide advisory, training and expert services and funding for investment and development projects. Foreign-owned companies in Finland can benefit from several different types of aid, especially for certain regions of Finland.
TESI (Finnish Industry Investment) is a 100% state-owned equity investor. TESI's mission is to invest in growth and develop Finland's venture capital industry. It is a profit-seeking limited liability company with an independent Board of Directors responsible for investment decisions. In an investment project, Tesi's share of the total investment is up to 50%. The private investors' share must be at least 50%. The investment criteria are the same as private venture capital and private equity investors' criteria.
Finnvera is a specialised financing company owned by the State of Finland and is also the official Export Credit Agency (ECA) of Finland. Finnvera strengthens the operating potential and competitiveness of enterprises in Finland by offering loans, domestic guarantees, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and other financiers.
The services offered by TE Centers cover recruitment, improvement of business efficiency and management skills, updating of staff skills, and training of new employees.
Regional TE Offices can help you with recruiting. TE offices know the labour force and the job market in the area and can help you find a skilled employee who is just right for you.
TE Services plan and implement vocational training in cooperation with employers. In the joint training projects, the TE Centre and the employer share financing and the employer participates in the selection of students. With joint training, the company can:
Business Finland Audiovisual Production Incentive is a national 25 % cash rebate for production costs in Finland. Feature and documentary films, scripted TV drama and animation productions are eligible for funding. Qualifying costs in Finland are local expenditure from pre to post production. We offer ongoing application period on first come first served basis.
You will get a funding decision within 40 days and payment is on your bank account no later than in 21 days. The average time for the payment from the arrival of the report is around 10 days. Payments during the production in Finland are available and very much in favour by the applicants.