The branch of a foreign entrepreneur refers to the part of a foreign corporation or foundation that engages in continuous business or trade activities in Finland from a permanent establishment in Finland in the name of the foreign corporation or foundation.
If the corporation or foundation is from outside the EEA, it must apply for a permit from the National Board of Patents and Registration for the establishment of the branch.
The branch must submit a basic declaration to the trade register maintained by the National Board of Patents and Registration.
Audit
A branch is not a separate legal entity. Auditors are elected in accordance with the type of office of the foreign entrepreneur and the appropriate regulations. The obligation to audit the accounts is based on the Auditing Act. In practice the auditors of a branch are probably elected by the entrepreneur's representatives in Finland.
Legal acts
The branch of a foreign entrepreneur must have a representative domiciled in Finland. No legally incompetent or bankrupt person may act as a representative. The representative must be submitted for registration in the trade register maintained by the National Board of Patents and Registration.
