Frequently asked questions about buying a ready-made Finnish limited company
Clear answers to the questions international buyers ask most often before purchasing a Finnish limited company: choosing between a new and an aged company, foreign ownership and EEA board rules, remote purchase, required documents, registrations and banking. Our answers draw on more than 6,000 company transactions since 1993. Decisions by authorities, banks and other third parties are always confirmed separately.
Choosing a company
A new unused company or an aged company with existing registrations? The right choice depends on what you plan to do and how quickly you need to start.
A ready-made Finnish limited company (osakeyhtiö, Oy) is an existing company already entered in the Finnish Trade Register with its own Business ID. Instead of incorporating a new entity, you buy the shares of the existing company and ownership transfers through a share purchase. It may be a new unused company or an aged company with an earlier incorporation year and, depending on the company, existing registrations, a bank account or a credit rating.
A new company was incorporated by us, has never traded and is sold at a fixed price with a completely clean history. An aged company was incorporated earlier and may already have VAT and prepayment registrations, a Finnish bank account or a credit rating, which allows you to start invoicing almost immediately. We only sell debt-free companies whose background we have verified.
Choose an aged company when you need to start operating immediately or when the incorporation year matters for a tender, financing or a contract. Existing tax registrations and a bank account typically save several weeks. Age alone does not guarantee eligibility, credit or approval by a third party, so we always match the company to your actual requirements. If speed and history are not critical, a new company is the more economical choice.
Yes. Finnish limited companies are commonly used as operating companies, subsidiaries of foreign groups and holding companies. We adapt the name, line of business and articles of association to your intended structure and file the changes with the Trade Register. Tax and legal structuring should be reviewed with your own advisers before the purchase.
New unused companies are sold at a fixed price that includes the share purchase documents and the agreed Trade Register filings. The price of an aged company depends on its incorporation year, existing registrations, bank account and credit rating. Prices are shown in the company listing and confirmed before the purchase, and any authority fees are stated in advance.
Foreign ownership
Foreign individuals and companies can own a Finnish company. Management roles, identification and immigration follow separate rules, explained below.
Yes. A foreign individual or a foreign company can own all the shares of a Finnish limited company; there is no general nationality or residence requirement for shareholders. Residence-based requirements apply only to the board and the managing director, which we cover below. Only rare regulated or security-sensitive acquisitions require a separate legal review.
No. You do not need to live in Finland or hold a Finnish personal identity code to own shares. If a person without a Finnish identity code is registered as a board member, managing director or beneficial owner, the PRH requires identification documents and additional filing steps. We handle these routinely and tell you exactly which documents to provide.
At least one ordinary board member must be permanently resident in the European Economic Area, and the same applies to at least one deputy board member if deputies are appointed. The managing director must also be resident in the EEA. If your structure does not meet these requirements, the PRH can grant a permit on application. Residence, not citizenship, is the deciding factor. We check your planned board against these rules before the purchase.
No. Owning a Finnish company does not grant a residence permit, visa or right to work. Immigration matters are decided separately by the Finnish Immigration Service (Migri). An entrepreneur’s residence permit has its own requirements for ownership, management, work and business profitability, and a ready-made company can be one building block in that application, not a shortcut.
Yes. The entire purchase can be completed remotely with electronic signatures; visiting Finland is not required. We communicate by video call, phone, email or WhatsApp and send you a clear list of the identity and company documents required before signing. If you prefer to meet in person, our office is in Helsinki at Mannerheiminaukio.
Purchase process
What we need from you, when ownership transfers and how the agreed changes are filed after the purchase.
Tell us what you plan to do, which features you need and when you want to start. We recommend suitable companies from our inventory and share the company documents for your review. We then collect the buyer, ownership, management and identification details and prepare the share purchase agreement and decision documents. Ownership transfers once the agreement is signed and the purchase price is paid, after which we file the agreed changes with the Trade Register and guide you through the set-up steps.
We need the details of the buyer(s) and ownership percentages, the new board members, any managing director or procurist, the beneficial owners, the company’s address and a short description of the intended business. Individuals provide a passport or other official identification. A foreign corporate buyer also provides a recent registry extract and ownership information, with certified copies or translations where required. We send you a checklist so nothing is missed.
Ownership transfers as soon as the agreement is signed and the purchase price is paid. The board change is typically registered by the PRH within 3–6 working days, and beneficial-owner and address updates are registered almost in real time. Tax registrations and banking follow their own timelines, and for foreign owners the bank’s customer due diligence is usually the longest step. We give you a realistic case-specific estimate before the purchase; authorities and banks always control their own processing times.
Yes. As part of the purchase we prepare the changes to the board, managing director, procuration, address, company name, line of business and articles of association, and file them with the Trade Register. The new name is subject to PRH approval, so it is worth having an alternative ready. The documents, filings and authority fees included in the service are confirmed before the purchase.
Registrations and banking
The Business ID stays with the company. Tax registrations, banking and ongoing obligations are handled separately, and here is what to expect.
Yes. Every ready-made company is already entered in the Finnish Trade Register and has a Finnish Business ID (Y-tunnus). A share purchase changes the owner, not the legal entity: the company, its Business ID and its incorporation date remain exactly the same.
It depends on the company. Some aged companies already hold VAT and prepayment registrations, which are listed in the company information. If a registration is missing, we prepare and file the application with the Finnish Tax Administration as part of the purchase. The Tax Administration decides whether and when the company is registered, so an already-registered company is the fastest way to start.
Some aged companies have an existing Finnish bank account, which is stated in the company information. An account does not transfer automatically: the bank updates the owner and signatory details after the board change is registered, completes its own customer due diligence and decides on the continuation of the relationship and new access rights. For companies without an account, we advise on opening one. Foreign owners should expect the bank’s checks to take longer, and we tell you what to prepare.
Beneficial-owner details must be updated with the PRH after the ownership changes, and we file the agreed notification for you. From the purchase onwards, the company must keep accounting records, file its annual financial statements and submit tax returns, even for periods with no activity. Finnish corporate income tax is levied on taxable profit. Arrange accounting before you start trading; we do not provide legal, tax or investment advice, so obtain specialist advice for your structure.
Tell us your plans and we will recommend a company
Tell us what you plan to do in Finland, who will own and manage the company and when you need to start. We review your situation and recommend a suitable new or aged company along with the practical next steps.
