Starting Your Business

Ready to take the first step

The journey of founding a company is filled with excitement and doubt, and you should prepare yourself well for that. Here you can find the stories on what triggered a handful of young Scandinavian entrepreneurs to follow their dream. Learn how much work you need to put into it, how it could affect your private economy and how to get started on the right track, from day one. 

Also, find out why, how and where to get your business registered. And last but not least, learn how important it is to decide what type of company you want to start already in the beginning of your journey. 

If you are ready, now is the time to make your dream come true.

How to register your dream business

Business ID is for businesses and organizations and it’s issued by the Finnish Patent and Registration Office or the Tax Administration. New company will receive the Business ID immediately after the notification of establishment has been registered to the joint database of the Finnish Patent and Registration Office and the Tax Administration that is called the Business information system.    

You should consider what company form suits you and your business the most before delivering the notification. Different company forms are applied with different kind of responsibilities and obligations. 

If your trade or business activity changes for some reason, you can always change the company form to match your current situation better. Some folks start as a part-time entrepreneur, others start their business as a hobby and still keep their day jobs. This way they can try if there’s actually demand for their products or services on the market. In this occasion it’s enough to just register as a sole trader. When the income increases and the business evolves, it’s possible to change your type of business to something else.  

Get familiar with different types of businesses before you register your own company. Notice that it’s chargeable to register your company in the Finnish Patent and Registration Office’s trade register. 

Business type overview

Sole trader
Limited liability company
Limited partnership
General partnership

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