PERSONAL SERVICES COMPANY (PSC)
Retention (for a typical contractor)
Eligibility
- EU/EEA nationals
- Working period in Finland must be at least 6 months
Features
- The contractor is registered in Finland as a director of his company and is treated as an employee of his own company
- We ensure compliance with foreign and local tax laws
- The level of retention depends on the salary level, the tax claimable expenses, the length of stay in Finland, and whether the contractor is married or not
- Contractors are assisted by Access Tax and Accounting Ltd (ATA), a firm of accountants, expert in Finnish tax and social security
- The contractor needs a bank account for his company
Benefits
- Flexibility in choosing own salary and possibility of holding simultaneous contracts
- The PSC is a standalone solution
- The PSC can be used in future projects and elsewhere
- ATA does the accounting and prepares tax returns for the contractor and the PSC
Registrations
- ATA will ensure all required registrations are done in Finland
- The contractor must register personally at the local police station