The ISO code of Finland is FI according to the ISO 3166 standard. The local name of the country is Suomen Tasavalta. Finland capital city is Helsinki. People in Finland speak the Swedish, and Finnish languages. On 4 January 1918, Finland emerged as a sovereign political entity. In the year 01/04/1918, Finland emerged as a sovereign political entity. The largest city in Finland is Helsinki.
Finland is located in the UTC +02:00 time zone, which is also called Eastern European Time or EET. The internet country code top-level domain (ccTLD) for Finland is .fi. Other domains assigned to Finland are .eu. The domain name .eu is available for use by organizations in and residents of European Union member-states. The International dialing code for Finland is 358. People in Finland drive on the right side of the road. Total land area of Finland is 338,145 km² (approx. 130,558 mi²). Finland is not a landlocked country. It means that is is bordered by at least one major body of water.
Finland is located in Europe. Finland is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Finland faces various issues, including air pollution from manufacturing and power plants contributing to acid rain, water pollution from industrial wastes, agricultural chemicals, habitat loss threatens wildlife populations.
Doing business in Finland
We offer various corporate services in Finland jurisdiction. These services can serve both, people coming from Finland and foreigners. If you plan on doing business in Finland you might be interested in contacting us.
To find out about starting your business in Finland click on company formation in Finland.
To find out how to open a bank account in Finland and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Finland.
Choose preferred service below or continue reading to find out more about Finland.
Demographics of Finland
The total population of Finland is 5,542,517 people. In Finland, the population density is 16.2 people per square kilometer (42 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Finland is 0.1315. Finland has approximately 315881 foreign immigrants. The median age is approximately 43.2 years. In Finland, 91 in every 100 people use internet. Finland has a Human Development Index (HDI) of 0.879.
The majority religion of Finland is Christianity, Finland is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Finland.
Culture of Finland
People in Finland speak the Swedish, and Finnish languages. According to data on inbound tourists in Finland, 4,226,000 tourists arrive in the country each year. The first McDonalds in Finland was opened on 14 December 1984, and it was located in Tampere. One of the most popular national dishes of Finland is karjalanpaisti. To read more click on culture of Finland.
Geography of Finland
Finland is considered to be a large nation because of its total area. Its total land area is 338,145 km² (approx. 130,558 mi²). Finland is located in Europe. Its capital city is Helsinki. Finland has 3 neighbouring countries. Its neighbours include Norway, Sweden, and Russia. Total length of land borders of Finland is 2563 kilometers (~990 miles).
The highest point of Finland is Halti, with its official height being 1324 m (4,344 ft). Including land mass and EEZ, the total area of Finland is approximately 425,316 km² (~164,215 mi²). The most notable natural resources found in Finland are timber, iron ore, copper, lead, zinc, chromite, nickel, gold, silver, limestone.To read more click on geography of Finland.
Economy of Finland
The currency of the country is euro. The symbol used for this currency is €, and it is abbreviated as EUR. 8.5% of population in the country are unemployed. The total number of unemployed people in Finland is 471,114. Each year, Finland exports around $75.7 billion and imports roughly $70.67 billion. The Gini Index of the country is 26.8. Finland has a Human Development Index (HDI) of 0.879.The Global Peace Index (GPI) for Finland is 1.277. Finland has a government debt of 18.1% of the country's Gross Domestic Product (GDP), as assessed in 2012. Finland is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are metals and metal products, electronics, machinery and scientific instruments, shipbuilding, pulp and paper, foodstuffs, chemicals, textiles, clothing.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Finland is $221,653 billion. Each year, consumers spend around $147,440 million. The ratio of consumer spending to GDP in Finland is 0%, and the ratio of consumer spending to the world consumer market is 0.34. The corporate tax in Finland is set at 20%. Personal income tax ranges from 6.5% to 30%, depending on your specific situation and income level. VAT in Finland is 24%. To read more click on economy of Finland.
Infrastructure of Finland
Infrastructure quality in Finland is rated to be at 3.52. It indicates a satisfactory quality - roads, railroad, ports and other facilities are able to handle significant traffic at all times and are also suited to various types of transport vehicles and vessels.
In Finland, 100% of the population has access to electricity. There are 4,763,000 internet hosts in Finland. Finland has 148 airports nationwide.
The logistics performance index of Finland is 3.62. It indicates a satisfactory performance - in general, traffic is handeled well, some flaws in certain areas are possible, but overall the logistics system performs reliably and is ready to handle predictable amounts of traffic.
Tracking possibilities for shipments are rated at 3.31. It indicates a satisfactory performance - the tracking systems provide all the basic information as well as additional data about shipments; most of the times it also has a weel established cooperation with foreign and international tracking systems, as well as usually provides information in multiple languages.
The number of road motor vehicles per 1000 inhabitants in Finland is 578. To read more click on infrastructure of Finland.
Politics of Finland
Finland, is a unitary parliamentary constitutional republic. With regard to political and civil freedoms, Finland is 1. Citizens in Finland experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Sauli Niinistö.
According to the World Bank Group, the government effectiveness index of Finland is 2.02. This indicates that the government of Finland is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Finland is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Finland, the legislative power is vested in a Eduskunta. The Global Peace Index (GPI) for Finland is 1.277. The strength of legal rights index for Finland is 7. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. Finland is a member of the United Nations (UN). On 14 December 1955, it joined the UN as a full member state. Finland is a member of the European Union (EU). On 14 December 1955, it joined the EU as a full member state. Finland is a member of the World Bank. To read more click on politics of Finland.
Environment of Finland
Finland emits 10.2 metric tons per capita of CO2. 233320 km² of Finland's territory is covered in forests. and forest land comprises 69% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Finland is 578. To read more click on environment of Finland.
Company formation in Finland
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Finland.
When establishing a company in Finland, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Finland that will affect the establishment and growth of one's business. Contact us or click on company formation in Finland to read additional information when setting up a business.
Bank account opening in Finland
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Finland. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Finland, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Finland or contact us.