Finland AY
Avoin Yhtiö
Time of Update: 2026-03-31
AY is a legal entity form in Finland, fully named Avoin Yhtiö, meaning "open partnership company". It belongs to the merged ownership, meaning all shareholders jointly own the company, and there is no limit to the number of shareholders. AY does not have limited liability, which means shareholders have unlimited liability for the company's debts. AY does not need to participate in the public market, nor does it need to appoint a legal representative, local residents as directors, or a company secretary. According to Finnish law, at least one shareholder and two directors are required to establish AY, with one of them being a Finnish or EU permanent resident. If a client needs to nominate two Chinese residents as directors, they also need to hire two nominated directors to meet the requirements of the Finnish government. AY does not require registered capital or capital verification.
Finland AY Basic Information
Ownership:
Consolidated Ownership
Limited Liability:
Negative
Publicly Participates In Capital Market:
Negative
Finland AY Shareholder / Director / Secretary Requirements
Requirements For Shareholders:
At least one
Requirements For Directors ::
To establish a company in Finland, at least two directors are required, one of whom must be a permanent resident of Finland or the European Union. Finnish law requires that 50% of the company's directors must be permanent residents of Finland or the European Union. Assuming the client needs to nominate two Chinese residents as company directors, it is necessary to hire two nominee directors in order to meet the requirements of the Finnish government.
Legal Representative Not Mandatory:
Positive
Local Directors Not Mandatory:
Positive
Finland AY Registered Capital Requirement
Minimum Registered Capital Requirement:
no need for registered capital
Capital Injection Not Required:
Positive
Capital Injection Requirement:
N/A
Finland AY Memo
Memo:
N/A
