Remote’s guide to employing in

Finland
finland flag

Make employment in Finland easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Finland, all in one easy-to-use platform.

  • Capital City

    Helsinki

  • Currency

    Euro (€, EUR)

  • Languages

    Finnish and Swedish

  • Population size

    5,536,146

Services available in this country:
Employer of Record ProductContractor ManagementGlobal Payroll

Facts & Stats

Finland Map Illustration
  • Capital City

    Helsinki

  • Currency

    Euro (€, EUR)

  • Languages

    Finnish and Swedish

  • Population size

    5,536,146

  • Ease of doing business

    Very easy

  • Cost of living index

    $$$$ (19 of 139 nations)

  • Payroll frequency

    Monthly

  • VAT - standard rate

    24%

  • GDP - real growth rate

    1.1 (2019)

The Land of a Thousand Lakes (or, more accurately, 180,000 lakes), the Republic of Finland (Suomen tasavalta) is a parliamentary republic famous for its strong industrialised economy, pace-setting human development records, and a stable democracy.

Since 2018, Finland has been home to the world’s happiest people, driven by an extensive social welfare program, high per capita income, extensive civil liberties, and strong economic growth—all of which are factors that make Finland a great spot to expand your company’s reach to.

Grow your team in Finland with Remote

Looking to employ workers in Finland? Companies hiring in Finland must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.

Remote can employ your team in Finland on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Finland team. You can also pay contractors now in Finland with Remote.

Risks of misclassification

Finland, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Finland may lead to fines and penalties for the offending company.

Employing in Finland

Finnish labour regulations are spelled out across several government statutes.

Put together, these statutes define provisions for employee protections and workers’ rights applicable to Finland’s workforce of 2.5 million. Employees in Finland enjoy protections against discrimination based on age, religion, sexual orientation, gender expression, and race.

Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Finland.

Minimum Wage

Given its high human development index, extensive workers protections, and high per capita income level, Finland doesn’t have a government-mandated minimum wage; rather, employers are mandated to pay whatever rate agreed upon via collective bargaining, under which most Finnish workers are covered.

Payroll Cycle

For customers of Remote, all employee payments will be made in equal monthly instalments on or before the last working day of each calendar month, payable in arrears.

Onboarding Time

We can help you get a new employee started in Finland fast. The minimum onboarding time we need is only 2 working days.

Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.

For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.

Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.

13 Public holidays

Jan
Monday 1 January 20241New Year's Day (Uudenvuodenpäivä)
Saturday 6 January 20242Epiphany (loppiainen)
Mar
Friday 29 March 20243Good Friday (Pitkäperjantai)
Sunday 31 March 20244Easter (pääsiäinen)
Apr
Monday 1 April 20245Easter Monday (Toinen pääsiäispäivä)
May
Wednesday 1 May 20246Labour Day (Vappu)
Thursday 9 May 20247Feast of the Ascension of Jesus Christ (Helatorstai)
Sunday 19 May 20248Pentecost (Helluntaipäivä)
June
Saturday 22 June 20249Midsummer Day (Juhannus)
Nov
Saturday 2 November 202410All Saints' Day (Pyhäinpäivä)
Dec
Friday 6 December 202411Independence Day (Itsenäisyyspäivä)
Wednesday 25 December 202412Christmas Day (joulupäivä)
Thursday 26 December 202413Saint Stephen's Day (Pyhän Tapanin päivä)

Competitive benefits package in Finland

At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practising “fair equity,” which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).

Our benefits packages in Finland are tailored to fulfil the local needs of your employees. Typically, our packages contain some or all of the following benefits:

  • Health Insurance

  • Dental Insurance

  • Vision Insurance

  • Mental Health Support

  • Pension or 401(K)

  • Life and Disability Insurance

Taxes in Finland

Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Finland.

  • Corporate income tax rate: 20%

  • 16.95%

    Pension insurance

  • 1.53%

    Health insurance

  • 0.05%

    Unemployment insurance (1.9% for whatever portion of the salary that exceeds €2,169,000)

  • Tentative accident insurance premium, depending on risk level taken at work

  • Group life insurance premium (if agreed in any collective bargain)

Types of leave

Employees are entitled to between 24 to 30 paid days off, depending on factors such as prior agreement and provisions made in the employment contract.

Employment termination

Termination process

Employee contracts can be terminated if a just cause is established, such as dishonesty, negligence, fraud, or any other work-related offences. That aside, notice should be provided in advance – provided both parties agree to it.

Notice period

In Finland, termination notice periods depend on how long the employment relation has lasted.

  • 14 days: up to 1 year of employment

  • 1 month: 1 – 4 years

  • 2 months: 4 – 8 years

  • 4 months: 8 – 12 years

  • 6 months: More than 12 years

Severance pay

There’s no severance pay mandated by law, but employers must pay any outstanding holiday pay.

Probation periods

Probations can last up to six months and can be extended in place of any sick leave taken during the probation period.

Fair Pricing in Finland

Employer of Record

Hire and pay your global team

Starting at USD 599/month

Top features

  • Satisfaction guaranteed

  • No deposits or hidden fees

  • Zero onboarding or offboarding fees

  • Compliant equity incentives support including withholding and reporting

  • Built-in security and compliance

  • Fast onboarding (average 2-3 days)

  • Flexible, localised benefits

Contractor Management

Compliantly onboard and pay contractors

USD 29

per contractor/month

Start free trial

Top features

  • Only pay for contractors you actively work with

  • Work with contractors in 200+ countries

  • Create, edit, and sign tailored, localised contracts

  • Approve contractor invoices with one click or auto-pay

  • Transparent payments with complete visibility

Global Payroll

Consolidate your multi-country payroll

USD 50

per employee/month

Top features

  • Reduce costs by centralising payroll management

  • Ensure local compliance for every country

  • Direct support from in-house local payroll experts

  • Accurate, on-time, compliant payroll to level-up your employee experience

  • Tax and labour authority reporting handled for you

HRIS

Manage all of your employees in one place

Free
Sign up

Top features

  • Guided onboarding and offboarding

  • Employee profile and document management

  • Time and attendance (time off and tracking)

  • Expense management and reimbursement

  • Employee self-serve on the platform and mobile app