Oh wow, you don't even have to be a permanent resident of Finland? That's very, very generous and inviting! Awesome, informative video, thanks, Aleksi!
Hey Aleksi could you make a follow-up or a part 2 of this video? Now there are 3 forms of businesses in Finland. I learnt more from you compared to the gov sites.
Hey Finntastics! It might seem there's lots of things to figure out but starting a business is actually quite straightforward once you get the hang of the basics. I couldn't cover everything in this video but I hope it gives you a basic overview. :)
The American English language is ugly compared to the lovely ethnic Finnish. And the Finn men voice is very clear and deep and has soul , which Americans do not normally have. It is wonderful and different.
A small thing: The *SMACK* sound you use on introducing new topics works better if the text smacks into the screen, not coming out of the screen. For example 8:25
Love ur content man & what ur making, very informative👌🏽but tbh i’ve been livin in finland since early 90’s & were involve with resturant, real estate & ict business. Starting business in finland from the 0 is very hard (ofc depend on every persons niche & industry) for example its not easy to get a loan from the bank ect..
Fantastic video, I have one question, when westerners move to non western countries we call them expats, when non westerners move to western countries why do you call them “ highly educated immigrants “ ?
Please excuse this random comment rather out of the blue sky. A physics professor at the South Dakota School of Mines engineering school has been for years enjoying his favorite chocolate from Fazers which he considers a vital health food. His source has been The on line outlet, Finnish Designs, Recently they have dropped the Fazer line and he is distressed. We all enjoy in SD the zFinlandia imported butter which is hands down so superior to the available supermarket house brand, available in house. Cheers from S D the land of Wild Bill Hickok and Calamity Jane.
Hey nice video I enjoy your accent 😌 Do us a volonteer video or an easy skilled worker cause I only have a bachelor's degree in English literature. Thanks again
In your case as you already have a established business, an option might be opening a branch office instead of migrating. I don't know the details tho.
Actually you don't. If you don't have a permanent residence, then it comes down to your residence permit as it might limit your right to start a business, including OY.
@@AleksiHimself Aleksi Himself - Videos about Finland Kyllä Aleksi! It's basically the same concept. We have a little less VAT which is at 22% . I've an SRLS here which is the equivalent of the osakeyhtiö, and the taxation is at 27,5%
I have a question I live in Finland speak Finnish quite well but am not an adult yet and I want to open a small stall that sells stuff like lip scrub body scrub but I don’t know anything on how to do it .
For cosmetics you would also need to check the laws for cosmetic manufacture. Lab results for each recipe is required by law which makes this kind of business very hard to start. You would also need to know how to properly write the INCI lists.
My dude. Are you some kind of accountant ? What’s interesting are the similarities between the Finnish system and South African system. Do you guys use IFRS?
Hi Aleksi! Thank you so much for your useful video! I tried to check out the FREE Business Course by LAMK you recommended, but the link is not working. Is the course still available?
Hi currently am employed with a Finnish employer..what would happen if I take a job offer from a Asian country ? I have a work permit but not the permanent resident permit. Should I declare myself as light entrepreneur ? Any guidance on how this works
See the last question on this page. migri.fi/en/faq-employment#:~:text=You%20are%20allowed%20to%20work,on%20issues%20related%20to%20taxation. Vero has Info how taxes work out.
I m from pakistan...exporting oranges ,kinnows, and worlds best quality mangoes to different countries...please help me how can i export my products to finland?
@@andrei.burlenghea thanks. And the 24% tax mentioned is the value added tax that consumers pay. So anything you buy has 24% tax that goes to the government.
@@AleksiHimself which business form is better from a tax perspective? I'm doing IT consulting and charge by the hour, most brokers in Finland who find these projects ask that you have an Oy. In Poland I only pay 8.5% tax on my earned income through the Polish equivalent of toiminimi. If I start Oy, I have to deduct 20% and then whatever is on my tax card, so for example another 33%. So, at the end of the day I am only getting 47% of what I earned. If I go instead with Toimini do I only deduct the 33% shown on my tax card? If that's the case, isn't toiminimi the better option?
@@arankin2914 It depends how much you make. With Toiminimi all profit you make is is taxed as your personal income. The more you make, the more you pay in taxes. With Oy, yes you pay 20% corporate tax but it allows you to make tax optimizations. For example, you can pay yourself a lower salary as well as dividend with a way lower tax rate. I'm not going to the details as it would be a long write. Oy is a safer option, too, as the liabilities are only limited to the capital invested to the company (in case of bankruptcy). Generally speaking, Oy is more profitable when your profits are around 60-100k.
@@AleksiHimself so is this corporate tax taken from the net or gross profit? In your example, your invoice is 1000+24%=1240. You buy a computer for 800 + delta VAT (48) = 848. Your profit before corporate tax 1240-848 = 392. Do you pay 20% from 392 or 1240?
Sorry if i missed it somewhere , but do you need a specific start up money account somewhere online i saw about 80.000E when starting a business there.
Ok. I am looking to run an online shopping shop in Finland too, can you give me guides on how to register, this will be a small store managed by just me .
Sounds like voluntary communism to me who in there right mind would open a business there other then the goverment unless you needed to lose money on purpose.
I don't agree with the "greedy country" remark...Finland has low levels of corruption and spends the taxes it gets...advance or otherwise on its citizens...
Did you got this advice from Donald Trump? Cause he is the best businessman ever back in time he only started his career with few millions that his father gave him
@@telhadounith6188 it’s not that the people in Finland brainwashed to think socialism/ccomunism big goverment is the perfect model example news in Finland say covid vaccine safe and wonderful everybody running for vaccine everybody suck up to goverment in Finland Putin smarter and Russians smarter.
Oh wow, you don't even have to be a permanent resident of Finland? That's very, very generous and inviting!
Awesome, informative video, thanks, Aleksi!
I know, right?
Hey Aleksi could you make a follow-up or a part 2 of this video? Now there are 3 forms of businesses in Finland.
I learnt more from you compared to the gov sites.
Thanks! There are like 5 or 6 different ones. I only included the most common ones here.
Hey Finntastics! It might seem there's lots of things to figure out but starting a business is actually quite straightforward once you get the hang of the basics. I couldn't cover everything in this video but I hope it gives you a basic overview. :)
The American English language is ugly compared to the lovely ethnic Finnish. And the Finn men voice is very clear and deep and has soul , which Americans do not normally have. It is wonderful and different.
Valuable Information, Though! Thank you so much for this Fabulous video.
A small thing: The *SMACK* sound you use on introducing new topics works better if the text smacks into the screen, not coming out of the screen. For example 8:25
Very useful information, thanks man!
Thanks for all the videos. I really appreciate it man.
Thanks for the comment AbdulAziz A. Jamil!
Thanks Aleksi for the best and really helpful video I am looking forward to your new video and please do more videos about business in Finland
Sure thing!
Can you please make a video about light entrepreneurship in Finland for a foreigner?
I can add this to my video list!
Good sir can you please make an updated one please? I’m planning to start my business😅 I’m 19year old and I wanna start my dream business.
Love ur content man & what ur making, very informative👌🏽but tbh i’ve been livin in finland since early 90’s & were involve with resturant, real estate & ict business. Starting business in finland from the 0 is very hard (ofc depend on every persons niche & industry) for example its not easy to get a loan from the bank ect..
Thanks for sharing!
Fantastic video, I have one question, when westerners move to non western countries we call them expats, when non westerners move to western countries why do you call them “ highly educated immigrants “ ?
9.33
Kiitos!
Good stuff! 😃🙌
Great Insight, Kiitos
Good stuff! 😃🙌
Please excuse this random comment rather out of the blue sky. A physics professor at the South Dakota School of Mines engineering school has been for years enjoying his favorite chocolate from Fazers which he considers a vital health food. His source has been The on line outlet, Finnish Designs, Recently they have dropped the Fazer line and he is distressed. We all enjoy in SD the zFinlandia imported butter which is hands down so superior to the available supermarket house brand, available in house. Cheers from S D the land of Wild Bill Hickok and Calamity Jane.
Thanks for the comment Mayline Biltoft!
Hey nice video I enjoy your accent 😌
Do us a volonteer video or an easy skilled worker cause I only have a bachelor's degree in English literature. Thanks again
Hey, great video. Can you make a video about non profits in Finnland please.
Way too complicated for me to move my business there.
In your case as you already have a established business, an option might be opening a branch office instead of migrating. I don't know the details tho.
I didn't know you need to be permanent residence to start oy. kiitos!
Actually you don't. If you don't have a permanent residence, then it comes down to your residence permit as it might limit your right to start a business, including OY.
It's like in Italy!!!
Wow 🤔🤔🤔
Really? I think EU countries have more or less similar procedures for business.
@@AleksiHimself
Aleksi Himself - Videos about Finland
Kyllä Aleksi!
It's basically the same concept. We have a little less VAT which is at 22% .
I've an SRLS here which is the equivalent of the osakeyhtiö, and the taxation is at 27,5%
Thank you!!!
You're welcome!
I have a question I live in Finland speak Finnish quite well but am not an adult yet and I want to open a small stall that sells stuff like lip scrub body scrub but I don’t know anything on how to do it .
Check out Uusyrityskeskus.
For cosmetics you would also need to check the laws for cosmetic manufacture. Lab results for each recipe is required by law which makes this kind of business very hard to start. You would also need to know how to properly write the INCI lists.
You know lawyer fee is 10000 eur, it is very high fee.
My dude. Are you some kind of accountant ?
What’s interesting are the similarities between the Finnish system and South African system.
Do you guys use IFRS?
No I'm not an accountant and what's IFRS?
Can you let me know where bread suppliers are in Helsinki, please?
Hi Aleksi! Thank you so much for your useful video! I tried to check out the FREE Business Course by LAMK you recommended, but the link is not working. Is the course still available?
Unfortunately the event was held back then. :/
Can I make a Name ( toiminimi) and leave it then start my bussiness later? Just to reserve the name?
Yeah I think there is no problem with that.
On se hyvä ku opiskelee liiketaloutta ja omistaa toiminimen... Ei tarvii ylimäärästä palkata kirjanpitoon
Jos se onnistuu iteltä nii miäs siinä. :)
Do you know any suppliers bread in Helsinki
Is it for all foreigner countries around the world ?
Yes, as explained in this video.
Hi currently am employed with a Finnish employer..what would happen if I take a job offer from a Asian country ? I have a work permit but not the permanent resident permit. Should I declare myself as light entrepreneur ? Any guidance on how this works
See the last question on this page. migri.fi/en/faq-employment#:~:text=You%20are%20allowed%20to%20work,on%20issues%20related%20to%20taxation.
Vero has Info how taxes work out.
M what’s the website for registration?
Can my start-up company employer of Finland hire me for bookkeeping work and I'm located in south Asia?
You need to ask them. Probably.
@@AleksiHimself my employer don't know and Vero provide me a phone number to contact rather than providing any proof of docs
I'm sorry but I don't know how to help with this one.
I m from pakistan...exporting oranges ,kinnows, and worlds best quality mangoes to different countries...please help me how can i export my products to finland?
Sorry but I don't know.
Hi Aleksi, just wondering if you could make a video about how's The LGBT community there in Finland and how the people perceive this, thanks
Agree!
I have this on my list. :)
@@AleksiHimself oh thank you!
Can a non eu citizen start a food truck who do not have the pr in finland during his studies ? With his spouse.
You need a residence permit. Permanent resicence permit is not needed. Check out Migri for details.
@@AleksiHimself Kiitos , aleksi
Sorry but I am not sure I did understand.. do you have a corporate tax (20%) and also an income tax (another 20%)?
Corporate Tax is 20% which is paid by the business. Income tax is paid by individuals depending how much they earn.
@@AleksiHimself thanks for the fast reply. Big up!
@@andrei.burlenghea thanks. And the 24% tax mentioned is the value added tax that consumers pay. So anything you buy has 24% tax that goes to the government.
@@AleksiHimself which business form is better from a tax perspective? I'm doing IT consulting and charge by the hour, most brokers in Finland who find these projects ask that you have an Oy. In Poland I only pay 8.5% tax on my earned income through the Polish equivalent of toiminimi. If I start Oy, I have to deduct 20% and then whatever is on my tax card, so for example another 33%. So, at the end of the day I am only getting 47% of what I earned. If I go instead with Toimini do I only deduct the 33% shown on my tax card? If that's the case, isn't toiminimi the better option?
@@arankin2914 It depends how much you make. With Toiminimi all profit you make is is taxed as your personal income. The more you make, the more you pay in taxes.
With Oy, yes you pay 20% corporate tax but it allows you to make tax optimizations. For example, you can pay yourself a lower salary as well as dividend with a way lower tax rate. I'm not going to the details as it would be a long write. Oy is a safer option, too, as the liabilities are only limited to the capital invested to the company (in case of bankruptcy).
Generally speaking, Oy is more profitable when your profits are around 60-100k.
Hi, can you be employed and self-employed in Finland at the same time?
Sure. I have been doing that for years.
@@AleksiHimself so is this corporate tax taken from the net or gross profit? In your example, your invoice is 1000+24%=1240. You buy a computer for 800 + delta VAT (48) = 848. Your profit before corporate tax 1240-848 = 392. Do you pay 20% from 392 or 1240?
@@MM-kz9pd Corporate tax is paid from the profits: sales minus costs to put it very simply
Sorry if i missed it somewhere , but do you need a specific start up money account somewhere online i saw about 80.000E when starting a business there.
I don't think that's correct.
Do you any help to start a business in Finland?
What kind of help?
Hey bro. Do you pay taxes running your UA-cam ?
Of course. I'd be in trouble if I didn't.
Ok. I am looking to run an online shopping shop in Finland too, can you give me guides on how to register, this will be a small store managed by just me .
Why you fight, talk in low nice way?
First here
Good stuff! 😃🙌
Sounds like voluntary communism to me who in there right mind would open a business there other then the goverment unless you needed to lose money on purpose.
Why would it be communism to start your own business? :D
Can I have your email Please I need some advice
I love luxurious lifestyles. All thanks to crypto!!!
Boom!
I don't agree with the "greedy country" remark...Finland has low levels of corruption and spends the taxes it gets...advance or otherwise on its citizens...
It was more like a joke. :) I do agree with you.
Did you got this advice from Donald Trump? Cause he is the best businessman ever back in time he only started his career with few millions that his father gave him
Seriously I don't care about Trump.
@@AleksiHimself just admit that you are jealous of him ( the definition of the perfect man)
@@telhadounith6188 it’s not that the people in Finland brainwashed to think socialism/ccomunism big goverment is the perfect model example news in Finland say covid vaccine safe and wonderful everybody running for vaccine everybody suck up to goverment in Finland Putin smarter and Russians smarter.