Finland

JASECON OY, Finland – Global Accounting Alliance Member

Economic Overview & Business Opportunities

Situated in the continent of Europe, Finland is the 65^th largest nation in the world with a total area of 338,145 square kilometres. Home to 5.5 million people, Finland is the 13^th largest economy in the EU.

Finland ranked 10^th as the most competitive economy in the world and the 3^rd most competitive economy in Europe according to the World Economic Forum’s Global Competitiveness Report 2015-2016-2017. ICT is one of the main pillars that contribute to the fast-growing Finnish economy, especially software solutions and industrial equipment manufacturing. The country stands out among OECD member countries for its innovation, skilled and highly educated workforce. Besides, the Innovation, entrepreneurship, and research and development are among the crucial contributors to Finland’s economic growth.

Finland is a country that is well known of its clean energy, especially in biomass and wind technology. In addition, it is a world leader in forestry-based renewable energy technologies such as cellulose-based energy. Other than the clean energy, Finland also excels in ICT industry where the workforce is highly technologically savvy and very well educated. Finland has attracted global top players like Google and Nokia due to its cool climate, highly skilled IT-professionals and state-of-art infrastructure.

Finland has the most appealing political, regulatory, and legal environment for foreign direct investment (FDI) which decreases the risks as well as the costs of establishing and running a business in a country. Finland welcomes international companies and foreign investors. In Finland, international companies have the same benefits and grants of as Finnish companies. In other words, both International and Finnish companies can benefit from the vibrant start up scene, highly educated employees and a unique ecosystem that catalyses the growth of R&D.

Finland offers an excellent innovation and business environment. If you are looking to expand your business abroad or to venture into the EU market, Finland is definitely one of the hot spots due to its competitiveness in the economy.

Antti Jaskari
Partner