Employer of Record for Local Hiring in Finland

Hire employees in Finland

With Nomad Global Hire PEO / EOR services, you can easily hire employees in Finland, without having to set up your own entity. No risk and fully compliant with HR support included

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What to know about Finland

Finland is the happiest country on earth

Employer Tax

Estimated at 21.07%

Currency

EUR, Euros

Available Employee Benefits

Medical insurance, Meal Vouchers, WFH allowance

Employee Tax

Incremental up to 27%

Payroll Frequency

Monthly over 12 payments

Main Universities

University of Helsinki, Aalto University, LUT University

Capital

Helsinki

Population

Circa 5.5 Millions

Available Contracts

Fixed Term Contract, Indefinite/Permanent

Finland is country attracting many remote workers. The UN’s World Happiness Report gave Finland the top grades for Health, Income and Social Support for the 6th year in a row, settling Finland’s reputation as the world’s happiest country. Crunchbase identifies Finland as a prime destination for Startups and Investment, with success stories such as Origin by Ocean or Quanscient.

NOMAD GLOBAL HIRE provides Employer of Record and global payroll solutions in Finland. We will manage the local employment for your new employees, contracts, Tax, Payroll, Compliance and of course with the best HR expertise to support your employee experience.

Payroll, Benefits & Tax in Finland

Minimum Wage : 46,000 EUROS per Year

Employer Tax in Finland is usually 21.07%

This includes Social Security, Pension, Occupational Health, Workers Compensation…

Employee Tax in Finland is incremental up to 27%:

11.5% Tax up to 30,000 Euros of income

17% Tax up between 30,000 Euros and 40,000 Euros of income

21% Tax up between 40,000 Euros and 50,000 Euros of income

24.5% Tax up between 50,000 Euros and 70,000 Euros of income

27% Tax over 70,000 Euros of income

Overtime pay in Finland is not required by the law if included in the employment agreement, however if not then pay is 150% for the first 2 hours then up 200%

Payroll Frequency in Finland is Monthly over 12 months

Maternity Leave in Finland is up to 105 paid days. The Mother has to take 30 days before the birth date and 75 days after the birth of the child. During this time, leave is paid by the Social Security Fund (calculation of indemnities will depend on the salary).

Paternity Leave is 54 days, but only 18 days can be taken at the same time as the Mother’s maternity leave, and the rest can be taken until the child turns 2 years old. The salary will also paid by the Social Security Fund.

Parental Leave is up to 158 days in Finland and can be split between Parents immediately once the maternity leave is over.

Sick Leave is covered for up to 300 days per year. The employer will pay 100% of the salary during the first 10 days then it will be covered at 40 to 60% by the Social Security fund.

Statutory Leave is 30 days minimum per year up.

Bank holidays: there are 13 national days in 2023 in Finland.

Termination can be done for any valid cause in Finland, see below

Notice period is depending on the length of service of the employee in the business

The Finnish Labour Code is setting the framework for employment in Finland. This covers all individual and collective working relationships, Compensation and Benefits, Workers rights as well as Leave (Sick, Parental), employment Termination and Discrimination.