• Greater Helsinki
  • A compact, green and healthy city
  • Highly educated professionals
  • Population and workforce
  • Strategic location between East and West
  • The economy of Greater Helsinki
• Finland
  • International accessibility
  • Population and workforce
  • The Finnish Economy
• Baltic Sea Region
  • Population and workforce
  • The economy of the Baltic Sea region
• The Economy
  • Driving force of the Finnish economy
  • Environmental Performance
• Costs
  • Additional costs
  • Salary costs and contributions
• Ecosystems
  • Demographics of business
  • Global corporate B2B brands in Finland
  • International business environment
  • Key ecosystems
    • Cleantech
    • Design & Creativity
    • ICT
    • KIBS, Knowledge Intensive Business Services
    • Life Sciences
    • Logistics
  • Venture Capital
• Workforce
  • Employment
  • Level of education
    • Skills
  • Productivity
• R&D&I (Research, Development & Innovation)
  • Benchmarking the Finnish innovation system
  • Independent research institutes located in Helsinki, Espoo and Vantaa
  • Patents
    • Domestic companies with the highest number of patent applications filed in 2010
  • R&D expenditure
  • R&D&I support organizations in Greater Helsinki Region
  • Research institutions and communities of science
  • The basic science and innovation profile of Finland as a radar graph
  • The objectives of Finnish innovation policy and funding of R&D 2011-2015
  • Universities and universities of applied sciences
• Infrastructure
  • Business districts
  • Commuting times
  • Well developed and functioning infrastructure
• Taxes

Employer’s social security contribution

The contribution is payable by the employer every month. It is determined according to the monthly amount of paid wages. If a foreign company is permanently established in Finland, it is always obliged to pay this contribution.

Group life assurance (obligatory)

Rate varies between insurance offices.

Accident insurance payment

Employers should take out accident insurance for their employees from an insurance company.

TYEL-pension insurance premium

Employers are obliged to take out pension insurance for their employees. It is taken from a Finnish pension insurance company. The premium includes the employee’s share which the employer must withhold on every payday.

Unemployment insurance premium

The premium is withheld and collected from wages and it is payable to the same insurance company as the accident insurance payment.

The employee’s share of the premium is withheld by the employer.

Source: Vero.fi

Occupancy costs

In addition to being an affordable place to open business, Helsinki’s compact size and efficient traffic solutions offer companies an opportunity to save money in transportation costs. Reliable high-speed communications services are available for businesses at affordable prices everywhere in
Helsinki.

Based on industrial end-users consuming 2 GWh per year and excluding VAT, the average price of 100 kWh of electricity was 9.18 euros in the EU in 2007. Electricity prices ranged from 4.43 euros in Latvia to 13.87 euros in Italy. Prices were relatively low in the Baltic States as well as in Bulgaria, Finland, France and Poland (less than 6.00 euros per 100 kWh). (Eurostat)