For sale: shares of a Finnish limited liability company that has been operating flawlessly since 2014. The company primarily operates in the expert services sector but also has a small amount of other business activities.
The company provides the entrepreneur with a monthly income, which can increase the chances of obtaining a residence permit in Finland.
If you are interested, please get in touch.
It Is Important to Respond If You Receive Mail from Finnish Trade Register (PRH)
Deficiencies or errors in the Trade Register may result in a new fee for non-compliance. It is essential to keep a company’s trade register information up to date.
As of the beginning of 2025, the Finnish Patent and Registration Office (PRH) has been authorized to impose a non-compliance fee on companies that fail to correct deficiencies or errors in their trade register information despite PRH’s request.
The non-compliance fee applies to all types of companies and amounts to 300 euros.
When Can the Non-Compliance Fee Be Imposed?
PRH first sends a request letter to the company, urging it to correct the deficiency or error within a given deadline. If the company does not rectify the issue within the specified time, PRH will impose the non-compliance fee.
PRH may impose this fee in cases such as:
The Fee May Double
If the company does not correct the information after receiving the first non-compliance fee, PRH will send a second request. If the company still fails to update its information, PRH will impose a new non-compliance fee, which will be double the amount of the first fee. PRH emphasizes that any missing information should be reported immediately after receiving the request. PRH sends the request by letter to the address registered in the Business Information System (YTJ) and stresses the importance of keeping the company’s address details up to date in the Trade Register.
The government financial institution Finnvera has started offering a pilot, or test-phase, new loan aimed to the growth needs of microenterprises with fewer than ten employees. In the first three months, Finnvera has received around 400 applications. Of the positive loan decisions, two-thirds have been directed to the smallest companies, those employing 1–2 people.
The loan can be granted to a microenterprise, when the funding need is focused on financing investments or development actions that improve the company’s operations and competitiveness, and which deviate from the company’s regular activities. The loan is intended for companies with fewer than 10 employees and an annual turnover or balance sheet total of no more than 2 million euros. The company must have completed at least one financial year, and an financial statement from that year must be available.
The loan is intended for financing needs that promote the growth, productivity, or competitiveness of microenterprises, such as hiring employees, expanding operations, or digitalization. The loan amount can range from 20,000 to 50,000 euros.
The average granted loan is currently 44,800 euros. Most loans have been granted to companies in the food service, software, and retail sectors, but companies from other industries can also apply for the loan. The loans have been applied for employee recruitment, business expansion investments related to this, and even internationalization plans. The loan has been used for purposes such as opening new locations, expanding existing ones, hiring staff for growth, making investments, and software product development.
To receive the loan, its conditions must be met. At this stage, about half of the loan applications from microenterprises received by Finnvera have met the loan’s requirements. The most common reasons for a negative loan decision are failure to meet the criteria listed in the application guidelines, such as negative equity, payment defaults by the company or by the entrepreneur, or the company being newly established without an audited financial statement.
The loan can be applied for until the end of March 2025.
NordGuide is happy to assist small businesses with their financial matters. Could this new microenterprise loan from Finnvera be the solution to your financing needs?
NordGuide Oy’s consultant, Ari Huhtala, is available to assist You with applying for this loan or any other financial assistance. If yes, then please contact us.
For sale a ready-made Finnish limited company, that has not previously engaged in business activities. It continues business operations of a previously active company. The new company for sale already has all tax registrations in Finland, as well as a tax identification number enabling business operations in Sweden, and additionally, it has a bank account in Finland. The company has some qualified employees – experienced welders and installers who previously worked in welding and installation of pipelines in industrial facilities in Sweden and Finland. Unlike the previous company’s business concept, this new company will operate in such a way, that the employees are no longer employees of the company but operate as independent entrepreneurs who invoice their work to this new “main company”. This model makes the business operations more flexible in terms of working hours and pricing of the work. The parent company enters into agreements with clients for work projects and invoices its customers.
Currently, the company has one client in Sweden and contact information for other potential clients. Knowledge in Swedish or English languages is desired for working in Sweden, and knowledge in Finnish or at least in English is desired for working in Finland.
If the new entrepreneur is active in starting and developing the business, including seeking customers and selling the company’s work services, the new entrepreneur has – if needed – good opportunities to obtain a residence permit in Finland. The undersigned can also assist and advise on matters related to obtaining a residence permit, if necessary.
Interested? If yes, please contact senior consultant Ari Huhtala at NordGuide Oy, phone +358 40 0691 449, email: ari.huhtala@nordconsult.fi, www.nordguide.fi.
– it might be time to start PLANNING INCOME TAX OPTIMIZATION FOR YOU AND YOUR COMPANY
In Finland, political decision-makers have wanted profitable companies to grow bigger and stronger, and that is why profitable limited companies (osakeyhtiö, Oy) – or more precisely their shareholders – have been in Finland awarded with income tax benefit compared to ordinary wage earners. However, in order to get this tax advantage, the equity capital of the limited company must be quite big. Increasing the company’s equity capital to a sufficiently large amount takes however normally quite long time, but with good planning this time can be shortened significantly. Tax planning for a profitable company is therefore quite profitable.
If you need advice in this or many other business-related matters, please contact: Senior Advisor Ari Huhtala, NordGuide Oy, tel. +358 40 0691 449, e-mail: ari.huhtala@nordconsult.fi, www.nordguide.fi.
– You may be able to influence yourself the size of the fee increase!
Have You received an inquiry letter from Your pension insurance company gives an advance notice about a coming big increase in Your future YEL insurance (self-employed pension insurance) payment rate? You should know, that in many cases it is possible for You to influence the amount of the rate increase, but this requires that You respond to the insurance company’s letter in the right way, expertly.
If you need help in this, please contact: Senior Advisor Ari Huhtala, NordGuide Oy, tel. +358 40 0691 449, e-mail: ari.huhtala@nordconsult.fi, www.nordguide.fi.
Does your company, which is profitable in itself, have overwhelming liquidity problems due to the corona epidemic, a large credit loss or some other more or less objective reason?
In Finland we have an opportunity to restore viable enterprises by applying in the district court to approve a debt restructuring procedure to the company. Based on the application, the court can decide, that a debt restructuring procedure will be started for your viable company. In this procedure unsecured, even overdue debts are partly cut and a long payment period is set for the remaining debts. Applying for a debt restructuring procedure requires however some quantity of preparing work, and the work of the procedure executing officer, appointed by the district court, is not especially cheap. Therefore, this procedure is not a solution for very small entrepreneurs. In our opinion – as a rule of thumb – the sum of unsecured debts should be at least 200,000 euros, otherwise this procedure is not motivated.
If you feel, that the debt restructuring procedure could possibly be helpful and possible for your company, contact our expert. He will help you to evaluate the possibilities of your company to get into this debt restructuring procedure and, if yes, then he can help you to prepare to court an application to get your company into this procedure. Contact: Senior Advisor Ari Huhtala, NordGuide Oy, tel. +358 40 0691 449, e-mail: ari.huhtala@nordconsult.fi, www.nordguide.fi.
A Finnish limited company operates in Helsinki, the capital of Finland, selling high-quality food and gift products. All the products are manufactured in the northern regions of Finland, Sweden, Norway and North-West Russia and are sold under own, very nice, unique product brand. The location of the company’s store is one of the best in Helsinki – if not even the best for this type of business. In normal times, before the corona epidemic, this business place was visited yearly by about a million visitors, most of them foreign tourists.
The store was opened in the fall of year 2021, when the travel restrictions were still in effect. Since the corona epidemic eased up in the early summer of 2022, the sales have developed strongly. The number of visitors in the business space is gradually returning to a normal level. The company’s product range is developed further in such a way that the best-selling products are prioritized and thus space for new, potential products are created. At the moment, the sales are accumulating to a sum of about 15,000 euros per month. The store operates under its own brand, and the store’s appearance and operating model are conceptualized in such a way that it can be replicated elsewhere.
Now we want to expand this business by establishing some new stores, which will operate under the same concept or under a franchise concept in such other locations in Finland, where a lot of tourists visit. In this way the sales will increase and the profitability will improve by joint brand marketing and lowered procurement costs in form of purchase prices and transportation costs per unit.
We are now looking for a financially strong and active partner to implement with us this next, exciting development step. This business would be suitable for family entrepreneurs. Based on a partnership, the foreign partner would have a good chance to get a residence permit in Finland. The current owners of the business can also be ready to transfer the responsibility of the development of the company to the new partner on a separately agreed schedule.
Are you interested? Please contact Senior Advisor Ari Huhtala, tel. +358 40 0691 449, e-mail: ari.huhtala@nordconsult.fi, www.nordguide.fi
This blog article and video was published in the Finland-Russia Association’s online magazine. In frame of the Kolarctic Food Refining CBC Project we have developed this kind of cross-border cooperation – the changed political situation during the last year have not made our work very easy.
A hundred years ago, there were no visible state borders in the north, and people passed completely freely across the borders from one place to another, doing business and other cooperation. At that time, there was almost as much interaction of all kinds in the east-west direction as in the north-south direction. Fortunately, in the north we are still not at war with each other.
Linkki blogi-kirjoitukseen ja videoon/Link to the blog and video: https://suomivenajaseura.fi/ratkaisuja-marja-ja-porotalouden-kipeisiin-ongelmiin-haettiin-ylirajaisesta-yhteistyosta/?fbclid=IwAR23meZfkQIP90e9o1753GKcFXO220cquPkBH_e5wpA9lyr80ShjkiiXLWA
Do You need a residence permit in Finland and would like to find a suitable company to buy? Ari Huhtala,
the experienced business consultant in our company NordGuide Oy, can help You to find and analyse the
company’s situation and assist You in negotiations and drafting the necessary contracts and documents
to complete the acquisition. Our professional support in the negotiations ensures, that there will not be
hidden risks in the object to be purchased and that You do not pay any more for the object, than is
necessary to complete the acquisition. Very probably You will be able to pay easily the consulting fees for
the expert work with the savings achieved in this way.
Were you interested? If yes, please contact: Ari Huhtala, NordGuide Oy, ari.huhtala@nordconsult.fi, phone +358 40 0691 449, www.nordguide.fi.
