|Population||About 5.5 million|
|Language||Official languages: Finnish, Swedish|
|Time Zone||GMT +2 (Summer Time GMT +3)|
|Currency||1 Euro (EUR) = 100 Cents|
* Click here for the latest rate of exchange.
No Entry Visa for EU/EFTA nationals.
Nationals of EU/EFTA Member state requires a Residence Certificate for a stay longer than three months.
Click here for latest IATA travel requirements for Finland.
EU and EFTA nationals are free to work in Finland without a work permit.
Registration required at the Trade Register of the National Board of Patents and Registration before starting any commercial activity.
Obligatory VAT registration for foreign self-employed.
Non Residents, working in the country for less than six months in the financial year, are liable only for their Finnish income.
Residents, working in the country for six months or more are liable for their income worldwide.
Income tax: progressive up to 31.75%.
Municipal tax: variable up to 21.75%
VAT: standard, 23%; reduced rates of 13% and 9%.
Tax estimates must be filed monthly and the balance is adjusted when filing the annual self-assessment tax return.
Obligatory Pension Contributions for self-employed contractors working in Finland at the rate of 23.6%.
The income retention depends amongst others on the duration of the assignment, contract rate, marital status and taxation and social security agreements between Finland and the foreign nationals' country.
Please contact Access Financial for more information.