Legal & Contracting in Finland

Essentials guide · Source-checked research47% of statements checked against a source25 checked against an official source0 checked against a secondary sourceChecked 2026-10-1911 held back until checked against an official source11 topics include AI-written statements, not source-checkedNot yet professionally reviewed

• A Finnish limited liability company needs a permit from the Finnish Patent and Registration Office unless at least one ordinary board member, at least one deputy board member (where the company has deputies) and the managing director and any substitute reside in the EEA.

  Limited liability companies; the same rule applies to liquidators and supervisory board members. Residence, not citizenship, decides whether a permit is needed.Finnish Patent and Registration Office (PRH) · checked 2026-10-19

• Since 1 January 2026, an employer may terminate an indefinite employment contract on grounds relating to the employee where there is a proper reason, replacing the earlier requirement of a proper and weighty reason.

  Indefinite employment contracts. Minor or discriminatory reasons still do not qualify. Termination on financial and production-related grounds is a separate basis.Finnish Government (Valtioneuvosto) · checked 2026-10-19

• The Act on Co-operation within Undertakings applies to businesses with a regular staff of at least 50 employees, and businesses that regularly employ 20 to 49 employees must comply with certain obligations under it.

  Co-operation topics include reductions to part-time work, lay-offs and redundancies for financial or production reasons.Suomi.fi (Finnish Digital Agency and partner authorities) · checked 2026-10-19

• Buyers from outside the EU and EEA, including EU or EEA entities in which a non-EU or non-EEA person holds at least 10% or equivalent influence, need a permit from the Ministry of Defence to acquire real estate in Finland.

  Individuals without EU or EEA nationality and entities domiciled outside the EU and EEA; permanent residence in Finland does not remove the requirement. Exceptions include some purchases with an EU or EEA spouse, purchases from close relatives and shares in housing companies.Ministry of Defence (Puolustusministeriö) · checked 2026-10-19

• Public procurement in Finland follows the EU procurement directives as implemented in the Finnish Act on Public Procurement and Concession Contracts.

  Contracting authorities and covered contracts.AI-written, not source-checked

• Takeover bids for companies listed on Nasdaq Helsinki are governed by the Securities Markets Act and the Helsinki Takeover Code, supervised by the Financial Supervisory Authority.

  Listed companies.AI-written, not source-checked

• Finnish insolvency law provides for bankruptcy under the Bankruptcy Act and corporate restructuring under the Act on the Restructuring of Enterprises, both handled by the district courts.

  Insolvent or distressed debtors.AI-written, not source-checked

• Listed companies in Finland follow the Finnish Corporate Governance Code on a comply-or-explain basis.

  Companies listed on Nasdaq Helsinki.AI-written, not source-checked

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