Finland Company Ltd
Below are six reasons why we believe Finland makes for a great startup destination and why entrepreneurs should strongly consider it.
Incorporating a Finland Company
Key benefits – Registering a company in Finland
Starting a business is not easy, and finding an ideal location for it could be the first major decision an entrepreneur makes. Here are six reasons why we believe Finland makes for a great startup destination and why entrepreneurs should strongly consider it.
Access to exceptional talent:
For any business to be successful, you need a highly skilled team. Finland is home to some of the best technology and engineering companies like Nokia, Kone, Wartsila, Rovio and Supercell. A great education system ensures that you have access to an amazing supply of talent. And with the recent downfall of Nokia, you also get access to well trained international workforce who already have industry exposure and can lead your global expansion smoothly
Well established infrastructure:
Finland ranks among the least corrupt nations in the world, and you can actually register and do your business online. This is well complimented with access to good network infrastructure, R&D facilities, and a vibrant startup community. As a first time entrepreneur, this gives you time to focus on things that actually matter. Taxes are high in this country, but you will be happy to pay this premium and run a hassle free business
I always assumed that entrepreneurs work 13months a year, but recently a Finnish VC gave me one advice for planning revenue projections – “Calculate your revenue targets for only 11months. Even entrepreneurs deserve vacation to recharge their batteries, spend time with family and avoid burn out”. You may still end up doing 13months work, but this perspective helps you lead a stress free life and maybe even take a vacation. The well established social security system also helps you relax and focus your energy on execution
Small market, International expansion:
A small market like Finland with 5 million people is an ideal place to test a product/service, fine tune it, expand to other advanced neighboring countries (Norway, Sweden, Denmark), before preparing for a global expansion. This approach gives you an unique advantage over other startups that are expected to deliver at the first (or only) attempt in a competitive market like US or UK
Access to Investors:
Investor community in Finland is very small as compared to UK or US. But then, this community is more accessible, passionate about Finland economy and want to give back to the society. Flat society structure and an open culture makes these investors accessible to everyone.
There are several initiatives that are readily available to train entrepreneurs, guide companies and provide platforms to succeed. And the advantage of being in a small place, you can attend most of these events, network, and utilize it to grow your business.
Incorporate your Finland Company Now