Aliant® Finland
Helsinki, Finland
Our lawyers offer the highest quality legal services to foreign companies conducting business throughout the Nordic region.
The practice works with clientele in a wide array of industries including technology, machinery, manufacturing, energy, airline, retail, construction and real estate, to provide corporate law services and advice on corporate governance issues.
Aliant® Finland
Helsinki, Finland
Our lawyers offer the highest quality legal services to foreign companies conducting business throughout the Nordic region.
The practice works with clientele in a wide array of industries including technology, machinery, manufacturing, energy, airline, retail, construction and real estate, to provide corporate law services and advice on corporate governance issues.
Practice Areas
Languages Spoken
English, Finnish (native), Swedish (native), German, French
Managing Partner(s)
Aliant Finland is located inside the World Trade Center building at the Helsinki Airport, a well-known address in Aviapolis, an international airport city in the middle of Helsinki metropolitan area. Our expert team of well recognized lawyers offers the highest quality legal services to foreign companies conducting business and investments inside Finland and throughout the Nordic region, and to Finnish companies with their overseas and local businesses.
Our practice works with clientele in a wide array of industries including technology, machinery, manufacturing, energy, airline, retail, construction and real estate, to provide corporate law services and advice on corporate governance issues.
From helping high-tech companies manage intellectual property risks as they develop tomorrow’s technologies, to representing corporations and investors with mergers and acquisitions, to helping developers and contractors in the purchase and development of real estate projects, our attorneys are dedicated to assisting clients resolve business disputes through negotiation, mediation, arbitration or litigation.
We represent companies of all sized, from start-ups to large multinational companies. We advise both, emerging and established businesses. Our practice focus on all forms of business ownership and structure, including both private and public companies, and family-owned businesses.
Aliant Finland was organized in November 2017 when Kauttu & Co joined Aliant. Kauttu & Co was founded in 2008 from a well-established medium sized law firm that was founded in 1951.
Commercial Agreements
Mergers & Acquisitions
Intellectual Property
Corporate Transactions
Real Estate Law
As examples of our work, we have assisted:
- Finnish company within a multinational group to prepare financial arrangement with an international bank. Value in excess of USD 300M
- Finnish subsidiary of a multinational company with its project to supply a power plant to Asia. Value in excess of 100 MEUR
- Group of Finnish corporations and entities to sell stock in Delaware company (holding NYC commercial real estate) to US investor. Value in excess of USD 30M
- Finnish corporation within a Scandinavian group to prepare and complete transaction for a bank guarantee. Value in excess of USD 50M
- Italian based global company to buy stock in Finnish company, within German based multinational company, followed by merger. Value in excess of 20 MEUR
- German based investor to acquire commercial real estate in Finland. Value in excess of 50 MEUR
- Finnish high-tech firm to develop and accomplish a strategy to protect and commercialize its technologies, consequently, emerging growth business resulting IPO. Value in excess of 30 MEUR
- Finnish health-tech company to negotiate and prepare distribution and joint venture deals in UK, Portugal, Saudi Arabia and Australia. Value in excess of 20 MEUR
- US venture capital company to invest, through subscription and issue of shares, into Finnish technology company. Value in excess of 10 MEUR
- US based global energy company to acquire Finnish technology company through share purchase. Value in excess of 4 MEUR
- Finnish transportation company and its owner to sell shares in the company to Swedish public corporation. Value in excess of 3 MEUR
- Norway investor to acquire Finnish technology company through share purchase. Value in excess of 2 MEUR
- US based global payments company to protect its trademark in Finland
- Numerous foreign companies to establish Finnish subsidiaries and branches
- Multinational companies, including airlines, with their Finnish branches’ corporate governance, compliance, tax, employment and day to day business law issues
Finland is a Nordic country and a member of the European Union. It is the eighth-largest country in Europe geographically and is ranked as the 26th freest economy in the world. Finland is heavily vested in global economy with a third of its GDP generated from international trade. Finland is a parliamentary democracy with a multi-party system. The prime minister is the head of government and most powerful person in domestic policy of the country, while the president is the head of state and the most powerful person regarding foreign politics.
Business Activity
With the fastest flight connections between Europe and Asia, and a high-quality infrastructure for virtual networks, Finland serves as an excellent gateway between East and West. It’s vibrant start-up scene and a Silicon Valley inspired business culture makes Finland an ideal R&D hotspot and testing ground.
Corporate Tax and Incentives
The Corporate Tax rate in Finland is 20%. Finland offers incentives to both Finnish and foreign companies conducting business inside the country, including EU incentives for operating in specified geographical areas of Finland; and Finnish incentive programs for technology companies, as well as small to mid-sized companies.
Value Added Tax (VAT)
A standard rate of 24% VAT is applied to goods and services in Finland. However, reduced rates of 14% and 10% are applied to certain products and services. A rate of 14% is applied to food, animal feed, restaurants and catering services. A rate of 10% is applied to books, pharmaceuticals, passenger transportation, exercise and fitness services, accommodation and more.
Personal Income tax: The personal income tax in Finland is progressive, with the lowest tax rate being 8.3% and the highest rate being 55.8%. Several sources of income are taxed as personal income, including labor, pensions and personal-income portion of entrepreneur income.
Capital Income and Capital Gain
Capital Income tax in Finland is mildly progressive—the tax rate is 30% for up to 30,000.00 eur/year, and 34% for any amount exceeding that.
Capital income includes capital gain and any other income generated through the possession of wealth, including rental income, gains from selling an asset, dividends, certain interest, proceeds from a life insurance contract, and the share of profits from an investment fund. Capital income also includes the capital-income portion of forestry income and business and entrepreneur income, as well as the income of a partner in a consortium.
Taxation of Foreign Persons
Foreign persons who have resided in Finland for longer than six months are considered tax residents. Finnish residents are subject to taxation on their income regardless of which country the income is sourced. In contrast, non-residents, i.e. foreigners who have not resided in Finland for more than six months, are taxed only on income earned in Finland.
QUICK FACTS
-
Population: 5.5 million
-
Government Type: Republic, Parliamentary Democracy
-
Legal System: Separation of powers (legislative, executive, judicative). Under the Constitution everyone is entitled to have their case heard by a court or an authority appropriately and without undue delay. The independence of the courts is guaranteed by the Constitution.
-
Court System: District Courts: criminal cases, civil cases and petitionary matters. Courts of Appeal: most cases are appeals of decisions made by a district court. Supreme Court: rules on important points of law which are significant to the entire legal order. The decisions of the administrative courts can be appealed in the Supreme Administrative Court.
There are also certain special courts, including the Market Court, the Labor Court, the Insurance Court and the High Court of Impeachment.
-
Economy:
- GDP — $269 billion ($269,714 million), $48,880 per capita
- Currency — Euro
-
Taxation:
- Corporate: 20%
- Branch: 20%
- Capital Gains: 30-34%
- Personal: Progressive
- Inheritance
- Special Taxes (if applicable)
- Value Added
- Defense
Firm Overview
Aliant Finland is located inside the World Trade Center building at the Helsinki Airport, a well-known address in Aviapolis, an international airport city in the middle of Helsinki metropolitan area. Our expert team of well recognized lawyers offers the highest quality legal services to foreign companies conducting business and investments inside Finland and throughout the Nordic region, and to Finnish companies with their overseas and local businesses.
Our practice works with clientele in a wide array of industries including technology, machinery, manufacturing, energy, airline, retail, construction and real estate, to provide corporate law services and advice on corporate governance issues.
From helping high-tech companies manage intellectual property risks as they develop tomorrow’s technologies, to representing corporations and investors with mergers and acquisitions, to helping developers and contractors in the purchase and development of real estate projects, our attorneys are dedicated to assisting clients resolve business disputes through negotiation, mediation, arbitration or litigation.
We represent companies of all sized, from start-ups to large multinational companies. We advise both, emerging and established businesses. Our practice focus on all forms of business ownership and structure, including both private and public companies, and family-owned businesses.
Aliant Finland was organized in November 2017 when Kauttu & Co joined Aliant. Kauttu & Co was founded in 2008 from a well-established medium sized law firm that was founded in 1951.
Services Profile
Commercial Agreements
Mergers & Acquisitions
Intellectual Property
Corporate Transactions
Real Estate Law
As examples of our work, we have assisted:
- Finnish company within a multinational group to prepare financial arrangement with an international bank. Value in excess of USD 300M
- Finnish subsidiary of a multinational company with its project to supply a power plant to Asia. Value in excess of 100 MEUR
- Group of Finnish corporations and entities to sell stock in Delaware company (holding NYC commercial real estate) to US investor. Value in excess of USD 30M
- Finnish corporation within a Scandinavian group to prepare and complete transaction for a bank guarantee. Value in excess of USD 50M
- Italian based global company to buy stock in Finnish company, within German based multinational company, followed by merger. Value in excess of 20 MEUR
- German based investor to acquire commercial real estate in Finland. Value in excess of 50 MEUR
- Finnish high-tech firm to develop and accomplish a strategy to protect and commercialize its technologies, consequently, emerging growth business resulting IPO. Value in excess of 30 MEUR
- Finnish health-tech company to negotiate and prepare distribution and joint venture deals in UK, Portugal, Saudi Arabia and Australia. Value in excess of 20 MEUR
- US venture capital company to invest, through subscription and issue of shares, into Finnish technology company. Value in excess of 10 MEUR
- US based global energy company to acquire Finnish technology company through share purchase. Value in excess of 4 MEUR
- Finnish transportation company and its owner to sell shares in the company to Swedish public corporation. Value in excess of 3 MEUR
- Norway investor to acquire Finnish technology company through share purchase. Value in excess of 2 MEUR
- US based global payments company to protect its trademark in Finland
- Numerous foreign companies to establish Finnish subsidiaries and branches
- Multinational companies, including airlines, with their Finnish branches’ corporate governance, compliance, tax, employment and day to day business law issues
About Finland
Finland is a Nordic country and a member of the European Union. It is the eighth-largest country in Europe geographically and is ranked as the 26th freest economy in the world. Finland is heavily vested in global economy with a third of its GDP generated from international trade. Finland is a parliamentary democracy with a multi-party system. The prime minister is the head of government and most powerful person in domestic policy of the country, while the president is the head of state and the most powerful person regarding foreign politics.
Business Activity
With the fastest flight connections between Europe and Asia, and a high-quality infrastructure for virtual networks, Finland serves as an excellent gateway between East and West. It’s vibrant start-up scene and a Silicon Valley inspired business culture makes Finland an ideal R&D hotspot and testing ground.
Corporate Tax and Incentives
The Corporate Tax rate in Finland is 20%. Finland offers incentives to both Finnish and foreign companies conducting business inside the country, including EU incentives for operating in specified geographical areas of Finland; and Finnish incentive programs for technology companies, as well as small to mid-sized companies.
Value Added Tax (VAT)
A standard rate of 24% VAT is applied to goods and services in Finland. However, reduced rates of 14% and 10% are applied to certain products and services. A rate of 14% is applied to food, animal feed, restaurants and catering services. A rate of 10% is applied to books, pharmaceuticals, passenger transportation, exercise and fitness services, accommodation and more.
Personal Income tax: The personal income tax in Finland is progressive, with the lowest tax rate being 8.3% and the highest rate being 55.8%. Several sources of income are taxed as personal income, including labor, pensions and personal-income portion of entrepreneur income.
Capital Income and Capital Gain
Capital Income tax in Finland is mildly progressive—the tax rate is 30% for up to 30,000.00 eur/year, and 34% for any amount exceeding that.
Capital income includes capital gain and any other income generated through the possession of wealth, including rental income, gains from selling an asset, dividends, certain interest, proceeds from a life insurance contract, and the share of profits from an investment fund. Capital income also includes the capital-income portion of forestry income and business and entrepreneur income, as well as the income of a partner in a consortium.
Taxation of Foreign Persons
Foreign persons who have resided in Finland for longer than six months are considered tax residents. Finnish residents are subject to taxation on their income regardless of which country the income is sourced. In contrast, non-residents, i.e. foreigners who have not resided in Finland for more than six months, are taxed only on income earned in Finland.
QUICK FACTS
-
Population: 5.5 million
-
Government Type: Republic, Parliamentary Democracy
-
Legal System: Separation of powers (legislative, executive, judicative). Under the Constitution everyone is entitled to have their case heard by a court or an authority appropriately and without undue delay. The independence of the courts is guaranteed by the Constitution.
-
Court System: District Courts: criminal cases, civil cases and petitionary matters. Courts of Appeal: most cases are appeals of decisions made by a district court. Supreme Court: rules on important points of law which are significant to the entire legal order. The decisions of the administrative courts can be appealed in the Supreme Administrative Court.
There are also certain special courts, including the Market Court, the Labor Court, the Insurance Court and the High Court of Impeachment.
-
Economy:
- GDP — $269 billion ($269,714 million), $48,880 per capita
- Currency — Euro
-
Taxation:
- Corporate: 20%
- Branch: 20%
- Capital Gains: 30-34%
- Personal: Progressive
- Inheritance
- Special Taxes (if applicable)
- Value Added
- Defense
Aliant® Finland Attorneys
Finland
Commercial Agreements, Intellectual Property, Litigation, Mergers & Acquisitions
Finland
Business Law, Commercial Agreements, Corporate Transactions, Mergers & Acquisitions