Start a limited liability company
Limited liability companies come into being through registration at the Finnish Trade Register. For this purpose, you must file a start-up notification for the company. You can also use the same start-up notification to register details with the Finnish Tax Administration. We at the PRH will process those parts of the notification that apply to the Finnish Trade Register, and the Finnish Tax Administration will process the parts that apply to its own registers.
You can start your company with or without share capital. If the company has no share capital, we will record in the Finnish Trade Register that the amount of share capital is 0 euros.
Choosing a name for your company is an important step. You can study registered company names using our Name checking service for companies. Go to the Name checking service for companies.Open link in a new tab
How to start a limited liability company
Start a limited liability company in the online service at ytj.fi. Please note that the service is only available in Finnish and Swedish. You can choose from two alternatives. See further details below on this page.
Please note: a person under 18 years of age cannot start a limited liability company online. In this case, file the notification using paper forms.
Start a limited liability company in the online service at ytj.fi
Guided set-up package (documents are created by the service)
Select the guided set-up package in the following cases:
- There is no subscription price for the shares, and the share capital is 0 euros.
- All the shareholders are adults.
- The persons you have filed have Finnish person identity codes (the shareholders and the members of the board of directors, as well as the managing director, auditor, holders of procuration and representatives, if any).
- Standard articles of association are sufficient.
The service creates a memorandum of association and standard articles of association.
The handling fee is 240 euros.
Start-up notification (you will add drafted documents yourself)
Select the start-up notification if the company is subject to one or more of the following situations:
- The company has share capital.
- The shareholders include companies or other organisations.
- The persons you have filed do not all have a Finnish person identity code (the shareholders and the members of the board of directors, as well as the managing director, auditor, holders of procuration and representatives, if any).
- Standard articles of association (created by the online service in the guided set-up package) are not sufficient.
- The company to be incorporated is a public limited company (Plc).
You will add the drafted documents and the articles of association in the service.
The handling fee is 320 euros.
Private trader continuing business as a limited liability companyYou can file a notification of that your private trader business will be continued as a limited liability company or that your private trader business will be closed down when registering a new limited liability company. File the notification using paper forms (available in Finnish and in Swedish). Go to our instructions for filing a start-up notification on forms.
Effects of starting a limited liability company in terms of the Finnish Trade Register
After a new company has been registered, the Finnish Trade Register must immediately be notified of all the changes concerning registered details. The details contained in the Finnish Trade Register can be used to check the background of other companies or to get more details of a contracting party. Read more about the effects of registration.
The company details that must be submitted to the Finnish Trade Register and kept up to date include the following:
- Address and contact details. Read our instructions for change of address.
- Details of the board of directors and the actual beneficial owners:
- Read our instructions on how to file a notification of change concerning a board of directors.
- Read more about the notification of beneficial owners.
- Approved financial statements for each financial period, even if the company is not active. Read more on how to file financial statements of a limited liability company with the Finnish Trade Register.
Under the Limited Liability Companies Act, a limited liability company cannot be informally closed. It is usually closed through liquidation proceedings, which include several phases and take several months. Other ways to close a limited liability company include bankruptcy proceedings, merger and demerger.