COVID-19 pandemic did not reduce the number of companies in the Trade Register
The number of start-up notifications to the Trade Register increased
Processed start-up notifications
Processed notifications of changes
Processed notifications of beneficial owners
Matters related to enterprise mortgages
A new provider for the maintenance and development services of the Business Information System (BIS) was selected in a tendering process. We also implemented an interface service for BIS. Using the service, a private trader can also submit a start-up notification to the Trade Register in a service provided by a private company.
Active oversight to ensure that companies submit their financial statements
The Trade Register contains the details of more than 250,000 companies, which have a statutory obligation to submit their financial statements for each financial year.
In recent years, the PRH has taken active measures to ensure that companies comply with this obligation. We have sent letters to companies requesting them to submit their financial statements and, as a last resort measure, deregistered companies that have failed to submit their financial statements despite the requests.
The work has also produced results: there has been a substantial decrease in the number of deregistered companies. By the end of 2020, a total of 84% of all Finnish companies had submitted their financial statements to the Trade Register.
Financial statements submitted to the Trade Register
Action plan for real-time economy to help SMEs in their daily routines
In September, Nordic ministers of economic affairs approved the action plan for a Nordic real-time economy prepared in the Nordic Smart Government (NSG) project.
According to the estimates made in the NSG project, Nordic SMEs would save EUR 500 million by the year 2025 by using electronic invoices and receipts and financial administration services.
In Finland, solutions based on the action plan will be jointly prepared by ministries, government agencies, organisations and companies.
Read more about combating money laundering
The moneylaundering.fi website, jointly prepared by a wide range of different actors, contains instructions on combating money laundering and reminds companies of their obligation to submit notifications of beneficial owners to the Trade Register.