It is possible to invest in Finland as a visitor, but there are a few considerations to keep in mind:
1. Types of Investments
• Stock Market: You can invest in Finnish publicly listed companies through a brokerage account. Many international brokerages allow you to trade Finnish stocks.
• Real Estate: Foreigners, including visitors, can purchase property in Finland. However, you may need to obtain government permission if the property is near military areas or borders.
• Business Ventures: Visitors can invest in Finnish businesses or start their own, but registering a business may require a residence permit.
2. Tax Considerations
• Finland has specific rules for taxation of foreign investors. If you earn income or gains from investments in Finland, you might be subject to Finnish taxes. A double taxation agreement between Finland and your home country (if it exists) could impact how much tax you pay.
3. Banking Requirements
• Many investments require a Finnish bank account. Opening a bank account as a non-resident may be challenging but not impossible, especially if you provide documentation such as a passport and proof of investment purpose.
4. Legal Framework
• Finland generally welcomes foreign investors, and the process is straightforward. However, understanding local regulations, especially in sectors like real estate, is crucial.
5. Practical Limitations
• As a visitor, you might face practical challenges, such as not having a permanent Finnish address or local identification, which some banks or institutions may require.
If you’re serious about investing in Finland, consulting a Finnish financial advisor or legal expert can help you navigate the process smoothly.