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.
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:
Missing address
Missing board of directors
Missing beneficial owner information
Errors in the registered information (e.g., an unlawful board or an auditor who is not an approved HT or KHT auditor)
A responsible person or auditor being subject to a business prohibition
Missing personal identification number in the trade register information.
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.