Finland

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Aliant attorneys in Finland offer the highest quality legal services. We assist domestic companies with local and overseas matters, while also helping foreign companies to do business and invest in Finland and the Nordic region.

In such a dynamic and international business environment, Aliant lawyers assist clients with commercial transactions and international operations in a diverse collection of industries, including technology, machinery, manufacturing, energy, retail, banking, construction and real estate. We provide corporate law services to our clients and advise them on corporate governance issues. We help high-tech companies in developing tomorrow’s technologies and managing risks arising from intellectual property issues. We represent corporate clients, institutional investors, individuals and others, in acquisitions and other transactions involving the purchase or sale of businesses. We help developers and contractors in the purchase and development of real estate, as well as the construction and leasing of facilities. Our attorneys assist clients in resolving business disputes through negotiation, mediation, arbitration or litigation.

Aliant Finland was organized in November 2017 when Kauttu & Co joined Aliant. Kauttu & Co was founded from a well-established, medium sized law firm that was established in 1951.  

Finland is a Nordic country and a member of the European Union. It is the eight-largest country in Europe geographically and is ranked as the 26th freest economy in the world. Finland is heavily vested in global economy with a third of its GDP generated from international trade. Finland is a parliamentary democracy with a multi-party system. The prime minister is the head of government and most powerful person in domestic policy of the country, while the president is the head of state and the most powerful person regarding foreign politics.

The Finnish operating environment is stable and predictable. Our corporate tax rate is 20%. With the fastest flight connections between Europe and Asia and a high-quality infrastructure also for virtual networks, Finland serves as an excellent gateway between East and West. With a vibrant start-up scene and a Silicon Valley inspired business culture, Finland is an ideal R&D hotspot and testing ground.

Corporate Tax and Incentives

The Corporate Tax in Finland is 20%. Finland offers several incentives for both Finnish and foreign companies including: EU incentives for companies operating in certain geographical areas of Finland; Finnish incentive programs for technology companies, and small to mid-sized companies.

Value Added Tax (VAT)

In Finland, a standard rate of 24% VAT is applied to goods and services. However, two reduced rates of 14% and 10% are applied to certain products and services. A reduced rate of 14% is applied to food, animal feed, restaurants and catering services. 10% is applied to books, pharmaceuticals, passenger transportation, exercise and fitness services, accommodation and more.

Personal Income tax: The personal income tax in Finland is progressive, the lowest tax rate being 8.3% and the highest rate being 55.8%. Several sources of income are taxed as a personal income, including labor, pensions and personal-income portion of entrepreneur income.

Capital Income and Capital Gain

Capital Income tax in Finland is mildly progressive, tax rate being 30% up to 30,000.00 eur/year and 34% for the amount, exceeding 30,000.00 eur/year.

Capital income is the capital gain and other income generated through the possession of wealth, including rental income, gains from selling an asset, dividends, certain interest, proceeds from a life insurance contract, and the share of profits of an investment fund. Capital income also includes the capital-income portion of forestry income and the capital-income portion of business and entrepreneur income and the income of a partner in a consortium.

Taxation of Foreign Persons

Foreign persons who have resided in Finland longer than six months are considered tax residents. Finnish residents are subject to taxation on their income regardless of which country the income is sourced. In contrast, non-residents, i.e. foreigners who have not resided in Finland for more than six months, are taxed only on income earned in Finland.

Head of Aliant Finland

Tuomo Kauttu

P: +358 9 3157 4100
E: finland@aliantlaw.fi
@: https://aliantlaw.fi/


Aliant Attorneys Ltd,
World Trade Center, Helsinki Airport,
Aviapolis FI-01530,
Finland


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