What Is a Toiminimi in Finland? Sole Proprietor Explained

What is a toiminimi?

• A one-person business with low setup costs and simple rules.

When to choose it:

• You're working alone as a freelancer or consultant

• Your income is under €100,000/year

• You want to get started quickly and affordably.

How to register:

• Submit your application at YTJ.fi

• Register for VAT and prepayment tax if needed

Pros:

• Simple setup and low admin work

• Full control of your business
  
  

Not so pros:

• You are personally liable for business debts.
  
  

Tip! Managing your business finances can be complex — but you don’t have to do it alone. Let us take care of your accounting so you can focus on growing your business. Reach out today and trust your finances to a seasoned professional.


Check out our blog posts:
"How to register a toiminimi (private trader, sole proprietorship) in Finland: step-by-step guide"
and
"How to pay yourself as a sole proprietor in Finland"