- Overview: Finland
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Global Employer of Record in Finland
Finland holds considerable allure for global businesses interested in expanding their operations in Europe and beyond. Yet, setting up a permanent in-country business structure may not be the most practical choice for companies in the initial stages of probing the commercial environment in Finland. Even if ultimate plans do involve establishing a permanent presence, a preliminary, on-the-ground team could be instrumental in smoothing the path for successful business operations before formal incorporation.
What Does a Global Employer of Record Do?
A Global Employer of Record (Global EOR) is a third-party organization that takes on the role of a legal employer for a company’s employees in foreign countries, including Finland. It allows the company to hire local and international talent without forming a separate business entity within Finland. The Global EOR is responsible for handling a wide range of legal, administrative, and human resource functions, including but not limited to payroll management, tax compliance, administering employment benefits, and creating legally compliant employment contracts.
Differences Between an Employer of Record and a Global Employer of Record
Aspect | Employer of Record (EOR) | Global Employer of Record (Global EOR) |
---|---|---|
Geographical Reach | Typically operates in a single country. | Global Employer of Record operates across multiple countries, including Finland. |
Legal Responsibilities | Takes on local employment liabilities for employees within a specific country. | Manages employment liabilities for staff in various countries, adapting to different labour laws and tax regulations. |
Payroll & Tax | Manages payroll and tax only within its operational jurisdiction. | Manages payroll and tax compliance globally, including complex scenarios involving multiple tax jurisdictions. |
Talent Pool | Usually focuses on hiring local talent within the same country. | Can facilitate the hiring of both local and foreign talent, thus offering a broader range of options. |
Compliance & Regulation Management | Ensures compliance with local labour laws but lacks global expertise. | Specializes in ensuring global compliance by staying updated on labour laws and tax regulations across different countries. |
Employment Benefits | Offers benefits based on the regulations of one country. | Tailors employment benefits to each country’s specific regulations and cultural norms, offering a more customized approach. |
Contractual Agreements | Deals with employment contracts that are limited to one country’s legal framework. | Manages employment contracts across different countries, each tailored to the country’s legal framework. |
Business Expansion Support | Primarily useful for domestic business operations. | Ideal for companies looking to expand globally or test multiple international markets without setting up separate entities. |
All-In-One Global Employment Solution
Worldwide Workforce. No Boundaries.
Employing globally is no longer a maze of local setups and legal hurdles. With Express Global Employment, you can build a global team seamlessly. Benefit from our comprehensive, compliant, and efficient global employment solutions that eliminate the complexity of international hiring. From contract generation to seamless integration, we ensure that your expansion is as limitless as your ambition.
Global Mobility Support
Our global mobility support is about turning complexity into simplicity. We expedite seamless onboarding and immigration procedures, ensuring your global talent is ready to engage and deliver results swiftly. By eliminating red tape and administrative burdens, your team can focus on what they do best, propelling your business forward in every corner of the globe.
Global Payroll & Benefits: Consistent and Compliant Compensation Worldwide.
Financial well-being is critical to employee satisfaction. That’s why we navigate the intricacies of international payroll and benefits with expertise. Our solutions offer your workforce a competitive and fully compliant financial package, wherever they may be. With Express Global Employment, you can assure your team that their compensation is globally competitive wherever they are in the world.
Hire Internationally. Operate Everywhere. No Entity Needed
Launch your workforce in 190 countries without the burden of establishing local entities. Our all-in-one global employment solution allows quick, compliant onboarding and talent management. You can immediately scale up your operations and seize international opportunities with Express Global Employment as your guide.
Global Employment Solutions
In the dynamic landscape of global business, agility and compliance are key to securing top talent and expanding your operational horizons. At Express Global Employment, we specialise in providing an all-encompassing Global Employment Solution that propels your business forward without the complexities of cross-border legalities and employment logistics.
1. Recruitment |
2. Global Mobility |
3. Checks |
4. Onboarding |
5. Payroll Administration |
6. Working Time & PTO Processing |
7. Benefits Administration |
8. Tax Administration & Reporting |
Offboarding |
Talent skilled in highly specialised areas | Employee Work Visa and Work Permit sponsorship | Health checks | Employment Agreement drafting | In-country registration with statutory bodies | Working hours | Mandatory Benefits | Tax Reporting frequency and requirements; | Employment agreement termination: |
Executive search | Dependent Visa | Criminal record checks | Compliant worker onboarding on your behalf | Day-to-day payroll management | Overtime | Health insurance | Employer taxes & contributions | Dismissal – by the employer |
Contingency workforce | Visa extension | Background checks | Account setup in the payroll and HR system | Monthly pay slips or other pay frequency | Public holidays | Workers’ compensation | Employee taxes & contributions | Resignation – by the employee |
Application for a sponsor license for a foreign national | Education checks | Employee data entry and records maintenance | Accruals | Annual leave | Unemployment insurance | Withholding tax | Termination by mutual agreement | |
Relocation assistance | Managing probation periods | Allowances | Parental leave | Voluntary Benefits | Local tax payments and reporting to local authorities | Notice period handling | ||
13th and 14th salary | Sick leave | Share plans for executives | End of financial year reporting | Final settlement & severance payments | ||||
Additional leave | Bonuses & Equipment provision | De-registration with statutory bodies | ||||||
Expenses reimbursement & business trip processing | ||||||||
Health insurance, dental treatment |
Spotlight on Finland
Finland, a Nordic country in Northern Europe, is highly developed with a strong economy. Finland is known for its high standard of living, its commitment to education and equality, and beautiful natural environment.
Economy
Finland is expected to be one of the fastest-growing economies in the European Union in 2023. Finland’s economy is based on a mix of sectors, including forestry, metal production, mechanical engineering, electronics, and information and communication technology (ICT). Finland is also a major exporter of machinery and equipment, paper and pulp, and chemicals.
In 2023, the Finnish economy is expected to grow by 2.5%. The ICT sector is expected to be one of the main drivers of growth, as Finland is home to many successful technology companies.
Key industries
- Forestry: Finland has a long history of forestry, and the forest industry is still a major part of the economy. Finland is the world’s leading exporter of hardwood pulp and a major exporter of sawn timber and paper products.
- Metal production: Finland is a major producer of metals, including iron ore, copper, and nickel. The metal industry is a major employer in Finland, and it is also a major exporter.
- Mechanical engineering: Finland is a major producer of machinery and equipment, including transportation equipment, industrial machinery, and power generation equipment. The mechanical engineering industry is a major employer in Finland, and it is also a major exporter.
- Electronics: Finland is a major producer of electronics, including mobile phones, computers, and telecommunications equipment. The electronics industry is a major employer in Finland, and it is also a major exporter.
- ICT: Finland is a global leader in the ICT sector. Finnish companies are known for their innovative products and services and are major exporters of ICT products and services.
Investment in R&D
Finland is a major investor in research and development (R&D). In 2022, Finland spent 3.4% of its GDP on R&D, one of the world’s highest rates. Finland’s investment in R&D has helped to create a number of successful technology companies, and it has also helped to improve the competitiveness of Finnish businesses.
Begin Your Employment Journey with Confidence
With Express Global Employment, the complexities of international workforce management become a thing of the past. Our all-in-one solution ensures that your business thrives globally without the constraints of traditional borders or bureaucratic entanglements.
Efficient Global Operations, Uncompromised Compliance
Embrace the freedom to operate in 190 countries with the assurance of total compliance and the elimination of the need for local entities. Our streamlined processes guarantee that your global team is onboarded quickly, paid fairly, and managed effectively.
Your Ambition, Our Expertise
As you reach the pinnacle of your global expansion, rely on Express Global Employment to provide the solid foundation your company needs. We are not just a service provider but your strategic partner in global success. Choose Express Global Employment, where global hiring is simplified, and your business potential is unlimited. Let’s navigate the future of work together.