Finland is renowned for its high-quality education system, innovative technology sector, and robust social welfare. It presents a competitive and stable environment for businesses.
Finland has a highly developed economy, with strengths in technology, machinery, and forestry. Its political stability and focus on research and development make it an attractive market.
5.55 million
Population
Euro
Currency
281.49 billion
Global Domestic Product
Finland's strategic Nordic location, skilled workforce, and commitment to innovation and sustainability make it an ideal hub for businesses targeting European and global markets.
The Finnish labor market is characterized by a highly educated workforce and a strong emphasis on equality and employee well-being. Finnish employment laws provide comprehensive protection for workers.
EOR Partners offers services like compliance with Finnish labor laws, payroll management, HR support, and navigating local employment regulations.
In Finland, statutory benefits include social security, healthcare, and pension. Employers often provide additional benefits such as supplementary health insurance.
Employees in Finland are entitled to a minimum of 30 days of paid annual leave.
Finnish law ensures paid sick leave for employees, with the duration and compensation depending on the length of employment.
Many Finnish companies offer benefits like flexible working arrangements, wellness programs, and professional development opportunities.
The standard workweek in Finland is around 37.5 hours, with laws ensuring adequate rest periods and limiting excessive overtime.
| Taxable Income | Tax Rate |
|---|---|
| 0 - 19,200 | 0% |
| 19,200.01 - 28,700 | 6% |
| 28,700.01 - 47,300 | 17.25% |
| 47,300.01 - 82,900 | 21.25% |
| above 82,900.01 | 31.25% |
*All figures based on local currency
