Finland

Ease of Doing Business in

Finland

This page shows summary Doing Business 2012 data for Finland. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 5,362,610
GNI Per Capita (US$) 47,170.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
11 14 down 3
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 39 33 up -6
Dealing with Construction Permits 45 44 up -1
Getting Electricity 25 25 No change
Registering Property 25 25 No change
Getting Credit 40 37 up -3
Protecting Investors 65 60 up -5
Paying Taxes 28 59 up 31
Trading Across Borders 6 5 up -1
Enforcing Contracts 11 12 up 1
Resolving Insolvency 5 6 up 1

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 39 DB 2011 Rank 33 Change in Rank down-6
Indicator Finland OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
3 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
14 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
1.0 -- 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
7.3 -- 14.1
No. Procedure Time to Complete Associated Costs
1 Deposit the paid-in share capital in a bank; pay the registration fee and get a receipt 1 day no charge
2 Submit a single start-up notification form to the NBPR (National Board of Patents and Registration) and the Tax Administration. 5 working days – 3 weeks EUR 350, includes the notification fee related to establishment of a limited liability company
* 3 File at a private insurer for pension insurance, accident insurance, and medical insurance of employees 1 day, simultaneously with procedure 2 no charge
* Takes place simultaneously with another procedure.

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