1 Can a foreign citizen own shares in
a Finnish company?
In regular businesses there are no restrictions
based on the place of residence or domicile, or nationality, regarding the
right to own shares.
2 Can a foreign resident be a board
member in a Finnish limited liability company?
The nationality of the person is not a decisive
factor. What is essential is in which country he or she lives permanently. In
certain cases a person residing outside the European Economic Area (EEA) needs
a permit from the NBPR.
If at least one Board member is a resident of
the EEA, no permit is needed. So for instance in a Finnish-Chinese joint venture, no permit
from the NBPR is required, as long as at least one of both the ordinary and the
deputy members are residents of the EEA. Should none of the ordinary members
live in the EEA, all of them would need a permit granted by the NBPR.
3 Managing Director
The Managing Director (and his/her deputy, if
any) must have a place of residence in the EEA. This is quite logical as the
managing director is running the business and is normally “at site”. N.B. The
laws talk about residence not the nationality. So a Chinese national
residing in Finland can be the Managing Director.
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