What is the Trade Register?
The Trade Register is a publicly available list maintained by the Finnish Patent and Registration Office (PRH). It can be used to check information about registered companies.
Do I need to register with the Trade Register?
Not usually, if you are sole entrepreneur (private trader) and operate alone without special permits. You can start your business with just a business ID number without this registration if it is not mandatory in your case.
When is registration mandatory?
Registration is mandatory for sole proprietors only if:
- You hire external workers.
- Note: Family members are not counted as outsiders.
- You need a special permit for this activity.
- For example, certain healthcare, construction, or restaurant services.
- You have a permanent workspace outside your home.
- For example, a separate office or store.
Why would I join voluntarily?
Even if registration is not mandatory, many companies register to protect their name:
- Name protection: Only the name entered in the Trade Register (e.g., "Matin Maalaus") has exclusive rights. No one else may use the same name.
- Without registration: The official name of your company is just your own name (e.g., "Meikäläinen Matti").
Cost and procedures for joining
Price: €70 (one-time payment) when you register online
Notification: Submit the notification yourself on the YTJ.fi service.
Accounting: Remember to add the €70 payment receipt to your accounting records.
⚠️ Important: When ending business operations
If you cease your business activities, you must also separately deregister from the Trade Register. Active registration obliges you to file a tax return for your business activities, even if the business has otherwise already ceased.