Grow Your Workforce in Finland

Income Tax in Finland

Finland has a progressive personal income tax rate of 0% to 44%.

Social Security in Finland

Employers

The employer’s part of the Employment Pension Insurance contributions may vary from employer to employer. The average is 17.39%.

The Employer's Unemployment Insurance contribution is graded according to the total compensation paid by the employer during a tax year. The contribution rate is 0.52% up to EUR 2,251,500.00 of total compensation paid and 2.06% on the exceeding compensation amount.

The average Statutory Accident Insurance rate is 0.57% of the total wage. The average Statutory Group Life premium is 0.06% of the wage sum. The Employer’s Sickness Insurance Contribution rate is 1.53%.

Employees

Employees’ pension insurance contribution is 7.15% for employees aged 17 to 52 years or 63 to 67 years and 8.65% for employees aged 53 to 62. Employee’s Sickness Insurance Contribution is 1.96%.

It consists of two parts:

• The Medicare contribution of 0.60%
• Daily allowance contribution of 1.36%.

The daily allowance premium is not collected if the salary is less than EUR 15,703. The Employee’s Unemployment Insurance contribution is 1.50%.

Work Visas Finland

The work visas or permits available for foreigners to work in Finland include:

• Business Visa:Allows employees to stay in Finland for up to 90 days for business purposes, such as attending conferences and seminars. This visa does not permit direct engagement with work.
• Residence Permit for Self-Employment:For private entrepreneurs, partners, and cooperative members. The company must be registered with the Trade Register at the National Board of Patents and Registration.
• Residence Permit Based on Employment (International Special Expert):The most common type of work visa allows employees to work in Finland. This visa is typically required for foreigners who are not EU citizens.
• EU Blue Card:For highly skilled workers with a minimum monthly salary of at least €5,209 gross. This visa allows international workers to enter Finland and start working within 10 days.
• D Visa:A fast-tracked visa for specialists, startup entrepreneurs, and their family members, as well as employees in managerial positions, researchers, students, and their families. This visa allows international workers to enter Finland and start working within 10 days.