How do legal amendments affect businesses?

The new Trade Register Act entered into force on 1 June 2023 and amendments to the Act entered into force on 1 January 2025.

Parts of the Act will not take effect until 2026 and 2027.

2024: Limited liability companies as mutual limited liability companies

2025: Companies removed from the Trade Register can apply for re-registration

According to the amendments to the Trade Register Act that entered into force on 1 January 2025, companies removed from the Finnish Trade Register since 2023 can now apply for re-registration. Read more about re-registration in Finnish.

2025: Fee for late submission of financial statements

The fee applies to financial periods ending in December 2024 or later. The Finnish Patent and Registration Office (PRH) will impose a fee for late submission of financial statements if limited liability companies, co-operatives, European companies or European co-operatives do not submit their financial statements to the Finnish Trade Register within 8 months of the end of the financial period.

The fee depends on the duration of the delay:

• 150 euros when notification of the financial statements is late by no more than 2 months
• 300 euros when notification of the financial statements is late by 2–4 months
• 600 euros when notification of the financial statements is late by more than 4 months or the financial statements have not been submitted at all.

The fee is doubled if the company is a public limited company or European company.

The PRH imposes a double fee if financial statements are not submitted for two or more consecutive financial periods.

Read our instructions: Fee for financial statements filed late.

2025: Negligence fee

The PRH can impose a fee on companies that do not correct deficiencies or errors in their Trade Register details despite the PRH requesting corrections.

The PRH can impose a negligence fee in the following cases:

• Missing address
• Missing board of directors
• Missing beneficiary owner details
• Errors in register details (for instance, an illegal board of directors or unauthorised auditor)
• Disqualified responsible person or auditor
• Missing personal identity code in the Finnish Trade Register

The negligence fee is 300 euros. For public limited companies and European companies, the fee is 600 euros.

If a company does not correct its details after the first negligence, the PRH will send a new request. If the company does not correct its details after receiving the new request, the PRH will impose a new negligence fee equal to twice the first negligence fee.

Read our instructions: Negligence fee for incomplete or incorrect details in the Finnish Trade Register.

2026: Online service becomes mandatory

2027: Annual verification of registered details to the Finnish Trade Register

From 2027, limited liability companies and co-operatives must annually verify the details registered in the Finnish Trade Register. Companies must also review their contact details that are entered in the Business Identity Code Register at ytj.fi.

European companies, European co-operatives and foreign traders who have set up a branch in Finland are also required to review their details.

The details are reviewed in the online service at ytj.fi.

If the details entered in the Trade Register are not reviewed, the PRH can charge a negligence fee as of 2028. The fee is 300 euros. For public limited companies and European companies, the fee is 600 euros.