Starting up Business
A new company must be registered with both the Trade Register and the Tax Administration using the start-up notification forms. In connection with registration, the company will be assigned a business ID (BIS) number [188.8.131.52 The Business Information System (BIS)].
A limited liability company is an independent tax payer. Its business profit is taxed as business income, and such profit does not, as such, affect the taxation of individual shareholders. In accordance with the currently applicable tax rate, a limited liability company is subject to a 20 % corporate income tax on taxable income.
The start-up notification forms can be found on the web site of the Business Information System [1.1.2 Incorporation of the Company]. The same BIS form can be used to convey information regarding the company to the Trade Register, the Tax Administration customer register, the VAT register, the prepayment register and the employer’s register.