Finland
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
Facts & Stats
- 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.
15 Public holidays
Want to see and manage all holidays? Sign up for our free HRIS!
Effortless HR in Finland: Take the Tour
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
Fair Pricing in Finland
Employer of Record
US$599
paid annually, or $699/month paid monthly
Top features
Hire without opening a local entity
Guided onboarding
Local payroll paid on time, every time
Built-in security and compliance
Flexible, localised benefits
Offer equity incentives with tax assistance
Dedicated experts for local support
Contractor Management
Compliantly onboard and pay contractors
US$29
per contractor/month
Top features
Only pay for contractors you actively work with
Work with international contractors
Create, edit, and sign tailored, localised contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Payroll
US$29
per employee/month
Top features
Powerful, transparent international payroll
Simple self-service platform
Personalised support from dedicated specialists
Adhere to local payroll regulations in every country
Integrated payroll, expense management, and HRIS solution
Top features
Guided onboarding and offboarding
Employee profile and document management
Contract templates and e-signing
Time off and time tracking
Expense management
Employee and manager self-serve experiencea
Mobile app