What is toiminimi (sole proprietor, private trader) and when should you use it in Finland?

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

Check out "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"