This website uses cookies to ensure you have the best experience. Learn more

Starting A Business In Finland Essay

1591 words - 7 pages

| |
|Starting a Business in Finland |
| |

[pic]

Opening a business in another country presents different and sometimes unusual challenges compared to the challenges that we are used to here in the United States. There are various market forces that need to be taken into account when ...view middle of the document...

The general rule is that if a company is registered in Finland, it is also considered a tax resident of Finland.”
3. “VALUE ADDED TAX (VAT): Value-added tax (VAT) applies to most transactions. Businesses with annual turnover above € 8,500 must register, and voluntary registration is possible. The standard rate is 22% and a lower rate of 17% applies to basic foodstuffs and animal feed. The 8% rate applies to passenger transport, books, medicine, hotel services, barbers, hairdressers, minor repairs, and cultural events. Exports are zero-rated. Exemptions include selling or renting immovable property, financial and bank services, insurance, healthcare and education.” (OrcaWorldwide)
“From the viewpoint of value-added taxation, the Tax Administration´s practice has been to examine the Start-up notice of the foreign-held operation to determine whether it should be viewed as a permanent establishment, or a fixed establishment, as it is often named for VAT purposes (Vero Skatt.)”
The currency is now the Euro. “On January 1st 1999 the Finnish markka ceased to be an independent currency. One euro was equal to 5.94573 markka. At the start of 2002, the first euro denominated coins and banknotes were issued. For two months the markka coexisted with the euro until use of money in markka denominations ceased on 28.2.2002. (Mint of Finland).”
“Finland is a parliamentary democracy with a multiparty political system and a president as the head of state. The head of state is the President of the Republic who is elected for a period of six years. In 2000, Finns elected their first female president, Tarja Halonen, who was re-elected in 2006. The new constitution, adopted in 2000 and further adjusted 2012, moved the political system in a more parliamentary direction, by increasing the amount of power that the parliament and the government wield. The new constitution strengthened the position of the prime minister and reduced the president’s power. The president still conducts Finland’s foreign policy together with the government, is in charge of relations with other states, and participates in international organisations and negotiations. The president is also the Commander-in-Chief of the Defence Forces. The Parliament (eduskunta in Finnish) has 200 members elected every four years. The prime minister is elected by parliament. There are 12 ministries in Finland. Each ministry is responsible for the preparation of issues that fall within the scope of the government. The are: Prime Minister's Office, Ministry for Foreign Affairs, Ministry of Justice, Ministry of the Interior, Ministry of Defence, Ministry of Finance, Ministry of Education and Culture, Ministry of Agriculture and Forestry, Ministry of Transport and Communications, Ministry of Employment and the Economy, Ministry of Social Affairs and Health, and Ministry of the Environment. (Minestry of Foreign Affairs of Finland)”
There are also Physical...

Other Papers Like Starting a Business in Finland

Starting a Business: Sole Proprietorship or Partnership

1346 words - 6 pages Starting a Business: Sole Proprietorship or Partnership XXXXXXX X. XXXX ACC/561 November 7, 2011 Verbena Williams Starting a Business: Sole Proprietorship or Partnership Starting a business takes conducting research, knowing the disadvantages and advantages in the designing and establishment of the company, understanding legal obligations the company must possess, and determining how the funding for the company, to name a few. Certain

Starting and running a small business

524 words - 3 pages  BUS-110-2D1 Starting and Running a Small Business My results from the entrepreneur quiz landed in the category “Good.” That category basically states that I have the qualities of a successful entrepreneur with some weak spots and that I should be able to cover these deficiencies by either retraining myself or hiring someone with the necessary skills. I agree with these results because I’m a leader but

Starting A Business On The Internet. A Recommendation In Letter Form

739 words - 3 pages these students move to, they are able to link up and find everything theyneed. They can find links like 'Creative Ideas', a place they can go and retrieve ideas,innovations, inventions, patents and licensing. Once they come up with their own products,they can find free expert advice on how to market their products. There are easilyaccessible links to experts, analysts, consultants and business leaders to guide their wayto starting up their own

The Eight Steps To Starting A Successful Small Business

1109 words - 5 pages 2002). Before starting your business, there are several questions that you must ask yourself. You will realize that starting a business is easy. Making that business work is the challenge. There are eight steps to making a business successful. These steps will serve as a guide to what you need to know.The first step to success is to determine what it is that you plan to offer the consumer. In doing this, you will have to plan out how your

Starting a Business: an Open Door for Anyone

1243 words - 5 pages Starting a Business: An Open Door for Anyone Brenda R. Austin Professor Michael Clark Lithonia Campus Business 100 November 2, 2011 Strayer University Starting a Business: An Open Door for Anyone Question 1: Identify at least three challenges when setting up a business. Explain why they are challenges: Three challenges involved in starting a business are finding an idea or ideas, finance or funding, and finding committed people

Business in a Small Community

1368 words - 6 pages Business in the Small Community Paula Vaughan Texas A&M University – Commerce Operating a small business in a small community has many challenges. There are no large marketing firms, boards of directors, or legions of employees to make the operation run efficiently and productively. It is simply the owner, one or two other employees (usually family members), and the products being sold. In the case of some small businesses, there are

Communicate in a Business Environment

1720 words - 7 pages Communicate in a Business Environment Learning Outcome 1 – Understand the purpose of planning communication 1.1 Explain reasons for knowing the purpose of communication The benefits of knowing the purpose of communication is so that human beings can understand one another, if you do not understand something for example learning something at school the teacher will then have to explain it to you in a simpler way to make it easier, by

How to Start a Business in Canada

2257 words - 10 pages Starting a Business in Canada Starting a new business in Canada can vary in degrees of difficulty depending on the industry you choose to pursue, and the province in which your business will reside. Fields such as telecommunications make it nearly impossible for new entrants to grab market share, as mega-corporations such as Bell, Telus, and Rogers, have essentially monopolized the entire industry. In contrast, industries with

A Comparison of Methods in Business Research

3614 words - 15 pages A Comparison of Methods in Business Research By Song Gao This essay compares the research method of case study with five other methods in business research. The five methods are focus group, in-depth interview, observation, questionnaires and field experiment. This essay provides the definition, advantages, disadvantages/limitations for each of the six methods. Moreover, five published articles related to case study method and two published

Ethical Situations in Business – Est1 #a

613 words - 3 pages SUBDOMAIN 310.2 – ETHICS Jennafer Langworthy-Erickson Competency 310.2.1: Ethical Issues in Business - The graduate can determine ethical and socially responsible courses of action in a given business situation. Objective 310.2.1-05: Evaluate a given situation to determine a company’s attitude toward social responsibility. | A

Business Ethics in a Hospital Setting

3719 words - 15 pages Business Ethics in a Hospital Setting Darlene V Nickerson Columbia Southern University Abstract Business ethics in a hospital setting includes a review of many areas. Ethical considerations include the areas of patient care, nursing ethics, physician ethics, patient privacy, and medical billing practices. This paper will touch on ethical concerns for each of these topics. Keywords: hospitals, ethics, patient care, nursing, physicians

Related Essays

Starting A Business Online Essay

1449 words - 6 pages Assignment 2: Starting a Business Online, Part 2 Janice Monroe Notre Dame University May, 31, 2013   The Jersey Shore Clothing Company has been online a month and we have been offered the opportunity to sell our domain name to a competitor for $1000. It is a tempting offer. With that being said we are just starting to become established as a web presence, and business has been steady. It is possible our competitor could use a

Starting A Business Essay

1067 words - 5 pages | | | | 2.2 | | | | 2.3 | | | | 我个人建议是首先中学生和大学生不一样 另外中学生里理工科和文科不一样 大学生里细分就更多了 另外根据服务的内容,分两个级别,一个是粗浅的短期咨询,比如填报志愿,一类是深入的分析,比如现场活动和case,第三类是加上长期跟踪的。 10) INITIAL TARGET MARKET(S) (ITM) Sub-segment 1.1 and 1.2 are initial target markets for the following reasons: a. No competitor in these segments b. High and solid need c. Lower cost of business d. Policy environment – One-child policy and Quality Education policy in

Owning And Starting A Business Essay

1343 words - 6 pages at one and two in the morning. Still, she got up every day, went to work and did the same thing the next day. These grueling hours can cause many problems in the family, and with her being basically a single mother (got married about three years after starting the business), she always seemed to be stressed out. My cousin Joe (6’3, 350lbs, and obsessed with computer games) never really helped her out around her house so she was always down his

Owning And Starting A Business Essay

1343 words - 6 pages at one and two in the morning. Still, she got up every day, went to work and did the same thing the next day. These grueling hours can cause many problems in the family, and with her being basically a single mother (got married about three years after starting the business), she always seemed to be stressed out. My cousin Joe (6’3, 350lbs, and obsessed with computer games) never really helped her out around her house so she was always down his