If you’re thinking of doing business in Finland it’s worth bearing in mind it’s a largely affluent and tech-savvy nation, and the strengths of the market include:<\/p>\n
- \n
- global leaders in telecommunications and innovative technology applications<\/li>\n
- stable economy<\/li>\n
- government focused on building a global marketplace and removing trade barriers<\/li>\n
- open business environment with low levels of corruption<\/li>\n<\/ul>\n
As a result, the benefits of exporting to Finland are mainly:<\/p>\n
- \n
- English widely used as the business language<\/li>\n
- access to wider markets through geographical location<\/li>\n
- stable political and economic situation<\/li>\n<\/ul>\n
And the good news is that, being a fellow member of the EU means doing business in Finland is very easy and is, in fact, very similar to doing business in the UK.<\/p>\n
So if you offer a product or service that is well received in the UK, the chances are it will do well in Finland.<\/p>\n
If you\u2019re doing business in the Finland, you\u2019ll need a reliable and cost-effective teleconference<\/a>\u00a0provider to help keep in touch when travelling isn\u2019t an option. Here\u2019s\u00a0How to set up a conference call between the UK and Finland<\/a>.<\/em><\/div>\n\nAnd remember, you can now screen share and video conference, using Crankwheel<\/a>.<\/p>\n
How does tax work in Finland?<\/h2>\n<\/div>\n
VAT is charged at 24% in Finland, but some categories, including food and medicines, are taxed at a reduced rate of 14% or 10%.<\/p>\n
Corporation tax in Finland is charged at 20%.<\/p>\n
As far as income tax goes, both employers and employees pay contributions towards pensions and social allowances.<\/p>\n
For more information on taxes in Finland, visit the\u00a0Finnish Tax Authority<\/a>.<\/p>\n
How will customs affect me when exporting to Finland?<\/h2>\n
The internal EU single market allows for the free movement of goods and services without any import duties being applied.<\/p>\n
As far as export documentation goes, excise and controlled goods need documentation and you need to include normal commercial documentation with the export for dispatches to Finland.<\/p>\n
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