Small change: No cash requirement to register new Oy business

The change is supposed to make it easier for entrepreneurs to register their new companies.

File photo.

From July, anyone who wants to establish a limited company in Finland won’t need to prove that they’ve got €2500 cash in the bank.

That requirement goes away after a change in the Companies Act to help more entrepreneurs start their own business.

The National Board of Patents and Registration PRH says the €2500 limit will be scrapped for limited companies, housing companies and mutual companies.

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