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Åland Islands

Legal form:

ÅF, ÅS, ÅAB

Delivery:

2 weeks

Price: $

$1,000

Payment methods:

payment methods.webp

Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Åland Islands

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Åland Islands

Capital
Official languages
Population 
Currency

ISO 4217

Mariehamn

Swedish and Finnish

28,875

Åland Islands Euro

AX

FAQ

Q: What is a company in Åland Islands?

A: A company is a legal entity that is formed to carry out business activities in Åland Islands.


Q: What are the types of companies that can be formed in Åland Islands?

A: The most common types of companies that can be formed in Åland Islands are limited liability companies (Osakeyhtiö) and public limited companies (Julkinen osakeyhtiö).


Q: What is the process of forming a company in Åland Islands?

A: The process of forming a company in Åland Islands involves several steps, including the drafting of the articles of association, registering with the Trade Register, obtaining a tax registration number, and opening a bank account.


Q: What is the minimum capital requirement for forming a company in Åland Islands?

A: There is no minimum capital requirement for forming a company in Åland Islands.


Q: Can foreigners form a company in Åland Islands?

A: Yes, foreigners can form a company in Åland Islands. However, they may need to appoint a local agent to act as a director or representative.


Q: What are the tax implications of forming a company in Åland Islands?

A: Companies in Åland Islands are subject to corporate income tax, value-added tax (VAT), and other taxes, depending on the nature of their business activities.


Q: What are the ongoing compliance requirements for companies in Åland Islands?

A: Companies in Åland Islands are required to file annual financial statements with the Trade Register, hold annual general meetings, and maintain accurate accounting records.


Q: How long does it take to form a company in Åland Islands?

A: The process of forming a company in Åland Islands can take several weeks, depending on the complexity of the company structure and the efficiency of the registration process.


Q: What is the cost of forming a company in Åland Islands?

A: The cost of forming a company in Åland Islands varies depending on the type of company and the services required. However, it typically involves fees for legal and accounting services, registration fees, and other expenses such as notary fees and translation costs.

Economy

"The Åland Islands have a strong and vibrant economy. According to the World Bank, the GDP per capita of the Åland Islands was €37,845 in 2019, which is significantly higher than the average GDP per capita of the European Union, which was €27,936 in the same year. The unemployment rate in the Åland Islands was only 4.2% in 2019, which is much lower than the EU average of 6.2%.

The Åland Islands have a strong tourism industry, with over 1.2 million visitors in 2019. The tourism industry contributes significantly to the economy, accounting for around 10% of the GDP. The Åland Islands also have a strong maritime industry, with over 1,000 ships registered in the Åland Islands in 2019.

Overall, the Åland Islands have a strong and vibrant economy, with a high GDP per capita, low unemployment rate, and strong tourism and maritime industries."

Taxation

The Åland Islands is an autonomous region of Finland and therefore follows the tax laws of Finland. However, the autonomous status of the region allows it to have some tax autonomy, such as setting its own property tax rates and certain excise taxes.


For corporate taxation, the standard corporate tax rate in Finland is 20%, and this also applies to companies in the Åland Islands. However, companies with an annual profit of less than 25,000 euros are taxed at a lower rate of 8%. There are also certain tax incentives available for businesses operating in the Åland Islands.


For personal taxation, residents of the Åland Islands are subject to the same income tax rates as the rest of Finland. The tax rates range from 0% to 31.25% depending on income level, and there are also deductions and credits available for certain expenses and situations.


Tax payments are generally made in monthly installments, with the amount calculated based on the estimated income for the year. Tax returns must be filed annually, with the deadline typically falling on May 2nd. Any additional taxes owed or refunds due are settled at this time. Late payments or failure to file tax returns can result in penalties and interest charges.

Company incorporation application form

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Chosen company name

Main business activity

Legal address of director

Extra services

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