Dismissal for Economic reasons in Finland
Economic reasons for dismissal In Finland, economic reasons for dismissal (redundancy due to financial or production-related grounds) are regulated under
20 April 2026
Economic reasons for dismissal In Finland, economic reasons for dismissal (redundancy due to financial or production-related grounds) are regulated under
When can you dismiss staff as part of a reorganization? If your business is experiencing financial strain or other serious
Terminating a sole proprietorship In the case of a sole proprietorship, the termination of business operations is quite straightforward. The
The law on debt limitation defines when the claim expires. If there are special provisions in another law that differ
What are the usual steps to buy a real estate property in Finland? When all terms and conditions of the
1. Guarantee A guarantee is a security for a debt, which is given to the creditor in case the debtor
1. What are the different types of (court) procedure in case of a commercial dispute? An amicable solution is often
Which type of companies exist in Finland? Under Finnish jurisdiction business can be practiced as a company, other community or
What types of employment contract are recognised in Finland? In Finland there are two types of employment contracts. Types are
What does a debt collection process in Finland look like? The creditor can send the first payment reminder after 14
1. How can we divorce in Finland and where? In Finland, a case that concerns divorce is considered by the
1: When are you declared bankrupt? In Finland bankruptcy can be declared if the debtor is unable to fulfill payments.
Business presence Main vehicles for doing business in Finland: Finnish company, the most used are: Public Limited Company (“Oyj”) Ideal
In Finland, the Register of Trademarks is administered by the Patent and Registration Office (PRH). According to the Finnish Trademarks
The most common type of legal entity in Finland used by businesses is the limited liability company (“Osakeyhtiö” in Finnish,
At present, the European countries each apply their own national rules regarding inheritance law. That will change from 17 August
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