Setting up a Business ID as a private trader is easy - we'll help you get started
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Setting up a Business ID as a private trader is easy - we'll help you get started.

Establishing a Business ID as a Private Trader is the most popular and well-known form of entrepreneurship in Finland. Register yourself to our invoicing service free-of-charge and start doing business with a Business ID.

Start your journey as a private trader today

Antti LJ Pääkkönen
"You can ask anything from the customer service and you will get an answer quickly."
Antti LJ Pääkkönen
Weizel
"I chose FREE.fi for the pink colour. I got lucky with my choice."
Weizel
Tuukka Turtia
"I chose FREE.fi because the company's operations are professional, knowledgeable and efficient."
Tuukka Turtia
Valery Ashu
"Now that I'm FREE.fi's customer, it doesn't matter what is my background."
Valery Ashu
Antti LJ Pääkkönen
"You can ask anything from the customer service and you will get an answer quickly."
Antti LJ Pääkkönen
Weizel
"I chose FREE.fi for the pink colour. I got lucky with my choice."
Weizel
Tuukka Turtia
"I chose FREE.fi because the company's operations are professional, knowledgeable and efficient."
Tuukka Turtia
Valery Ashu
"Now that I'm FREE.fi's customer, it doesn't matter what is my background."
Valery Ashu
The most popular form of self employment in Finland

What does it mean to be a private trader?

Comparison Private trader Light entrepreneur
Can I work in licensed industries?
Do you do the accounting for me?
Do I get VAT deductions?
Can I get a Business ID?
Do you handle the VAT returns for me?
Can I apply for YEL from your service?
Can I apply for the state start-up grant?
Can I get tax deductions as an entrepreneur?
0€

Registering & invoicing

230 000+

Private traders in Finland

Work industry independent

BOOKKEEPING AND ACCOUNTING

Run a business with
a low service fee

Run a business with a low service fee
5%

Service fee for the paid invoice

0€

Sending an invoice

1500€

Service fee cap per year

We help you excel

Private Trader
- Remember these topics!

Private trader accounting and bookkeeping

A private trader is subject to the same accounting obligations as other Business ID entrepreneurs. Since the assets of the private traders are, in practice, common with those of the business, the accounts make it possible to separate the business’s costs from the entrepreneur’s personal expenditure.

Single-entry bookkeeping is usually sufficient for a private trader, but in some cases the entrepreneur may be required to keep double-entry books. The bookkeeping can be a considerable burden, which is why it is common for the self-employed entrepreneur to outsource it. The most convenient way to do this is through FREE – without hiring a separate accountant.

Private trader accounting and bookkeeping
Private trader taxation

Private trader taxation

As a private trader, the total business income is calculated as the self-employed person’s income for tax purposes by first deducting business expenses. As with other types of business, a private trader is liable to VAT if he or she is engaged in the sale of goods and/or services and has a turnover of at least €15 000 for the financial year. If in doubt, we always recommend that you apply for VAT liability, especially if your clientele consists of businesses that can deduct a proportion of the VAT on your invoice.

FREE.fi will take care of paying VAT for you, as well as filing a VAT return with the Tax Administration. The same applies to the periodic tax return, which is usually submitted on a monthly basis.

THE USERS KNOW BEST - NUMBERS DON'T LIE

Testimonials - This is why we do what we do.

FAQ about private trader

Private Trader

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    Why is becoming a private trader worthwhile?

    Becoming a private trader is worthwhile if you have a clear vision for your business, existing customers and have, for example, tested the viability of your business idea through light entrepreneurship. Becoming a private trader is less risky than, for example, limited company ownership, but it is worth bearing in mind that the private trader is always personally liable for the debts and obligations of the business.

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    Who should become a private trader?

    Becoming a private trader is suitable for a person who wants to be self-employed as an entrepreneur and set up his/her own Business ID for running the business. Private trader is well suited to selling one’s own work or goods and for people whose business idea does not require large loans or machinery/stock of goods.

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    What is a private trader?

    Sole trader, sole proprietor, small-business owner, microentrepreneur, self-employed entrepreneur is the same as a private trader. A private trader is an entrepreneur who has his or her own Business ID and often employs himself or herself solely using his or her own skills. It is one of the most popular entrepreneurship forms in Finland.

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