New entrepreneur – how to start up a business and manage its taxes

Starting up business? Submit a start-up notification and enter your company in the Tax Administration's registers. Remember to make prepayments and file tax returns, as well.

Starting up business?

  • 1

    Before starting up

    Plan your business start-up carefully. Choose which legal form best fits the needs of your new company. Remember to take out pension insurance to ensure that you will receive pension after retirement.

    Plan your business activities (Suomi.fi)

  • 2

    Starting up

    Submit a start-up notification to enter your company in the Tax Administration’s registers. You will receive a Business ID immediately if you submit your start-up notification electronically.

    Start-up notification and registration

  • 3

    Starting business activities

    While you wait for registration decisions, open a bank account for your company. We also recommend that you hire an accountant. Decisions will usually be issued in 3–4 weeks after you submit the start-up notification. You can start invoicing as soon as you have received the registration decisions.

    Preparatory steps: Accounting, financial year, tax period

  • 4

    Business routines

  • Filing and paying employer’s contributions

    Report employer's contributions to the Incomes Register and pay them in MyTax. If you are a regular employer, you must file the report even if you have not paid wages.

    Filing and paying employer’s contributions

  • Filing and paying VAT

    File and pay VAT if you are liable to pay VAT. VAT returns must be filed for each tax period even if the company has not had VAT-liable activities.

    Filing and paying VAT

  • Paying taxes

    Make sure that your company’s prepayments are in order or, if you are a self-employed individual, your tax card is up to date. Remember to make your prepayments on time.

    Paying taxes: tax card and prepayment

  • Tax returns

    File your tax return on time.

    Tax returns

We support new businesses

Newsletter

The newsletter package for new entrepreneurs contains the basics about the taxes of a small business. You will receive your first newsletter as soon as you subscribe, and two more will follow within the month. The newsletters are free of charge. 

Subscribe to newsletters for the new businesses

Videos

See also the instruction videos for new entrepreneurs. Subtitles are available in English.

Instruction videos for new entrepreneurs (YouTube) (subtitles in English)

Page last updated 5/24/2023