Light entrepreneurship is an excellent way to invoice

Light entrepreneurship is an excellent way to invoice

Light entrepreneurship is a popular, convenient and risk-free way of invoicing customers for services provided by you.

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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
LIGHT ENTREPRENEURSHIP IS SUITABLE FOR EVERYONE

Light entrepreneurship is an easy and risk-free way to sell your know-how

Light entrepreneurship is a popular, convenient and risk-free way to charge customers for services provided by an individual.

Becoming a light entrepreneur is a viable option for any service provider/freelancer/individual who does not want to set up their own Business ID or do bookkeeping & accounting. This is an option for the ones who wants to explore the world of self employment in the least risky way possible. Using an invoicing service you only need to get the job done, send an invoice, wait for the money to arrive in you bank account.

More and more people are nowadays becoming self employed through convenient invoicing service’s that significantly reduces administrative work and thus saves valuable time. The use of invoicing services (as light entrepreneurs) has grown considerably in recent years and there is no end in sight to their increasing popularity. The simplicity and ease of use of these services is a major factor.

Can I start using the service immediately?
Does registering cost?
Does the service have monthly fees?
Do I need a Business ID?
Do I need a bookkeeper?
Do I have accident and liability insurance for the duration of the assignment?
Do you take care of VAT and withholding tax registration for me?
Can I send invoices to several different customers using your service?
Can I invoice abroad?
Will you handle possible debt collection for me?
Will you handle the payment reminder for my customer?
What is the age limit for the service? 14 years
Can I stop using the service immediately?
0€ Registering & invoicing
39 000+ FREE.fi light entrepreneurs
95% Satisfaction level of our service

Calculate how much you would earn as a light entrepreneur

Find out how much you would earn from an sent invoice in matter of seconds using our salary calculator.

Enter the amount you are thinking of invoicing for the work performed in the “Invoice amount” section.

Add your personal tax percentage, which you can check on the Tax Administration’s own website.

Does your invoice include value added tax (VAT)?

Service fee (4%) and FREE.fi coverage (2.5%) are included in the calculator. Please note that you are obligated to pay YEL if your yearly income as a light entrepreneur exceeds 8575.45€. You can read more about YEL here.

Calculate how much you would earn as a light entrepreneur
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What should I consider
as a light entrepreneur?

Light entrepreneurship and taxation

For a light entrepreneur, the withholding percentage determined by the tax office determines the proportion of each invoice that goes to tax – just as it does for income tax on wages. However, as a light entrepreneur, you do not have to pay the tax yourself – just send your tax card electronically to FREE.fi, which automatically deducts the tax from each invoice you receive.

Light entrepreneurship generates earned income for the light entrepreneur and, naturally, the taxation of this income is determined in such a way that the more income there is from the services sold, the more tax is paid on it. If light entrepreneurship is only a secondary activity, the tax is determined by taking into account the other income earned by the light entrepreneur.

Light entrepreneurship and taxation
Light entrepreneurship and unemployment protection

Light entrepreneurship and unemployment protection

A light entrepreneur is considered to be self-employed, as the light entrepreneur does not have an employment relationship with the principal/assignee. Therefore, the light entrepreneur is also covered by the unemployment fund for self-employed persons.

Being a light entrepreneur does not completely exclude the possibility that a light entrepreneur may not receive unemployment benefit to support his/her income. The payment of unemployment benefits always depends on whether the light entrepreneur is considered as an employee or an entrepreneur for the purposes of unemployment benefit law.

Light entrepreneurship and YEL-insurance

YEL insurance for light entrepreneurs is a case-by-case situation. The obligation to pay for the YEL insurance applies to a light entrepreneur who is employed for more than four months and whose income exceeds a minimum threshold to be determined each year.

In 2023, the minimum threshold for YEL liability will be 8575.45€ per year. However, you do not have to take care of the YEL insurance yourself FREE.fi is here to help you. Ask more about YEL from our customer service experts.

Light entrepreneurship and YEL-insurance
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For light entrepreneurs’ safety

FREE.fi -coverage

Things can happen while working – no matter how careful you are. FREE.fi Coverage has been created with these situations in mind. Light entrepreneurs can work free of worry, knowing that FREE.fi Coverage has your back.

Liability insurance

FREE.fi users are insured with liability insurance when they are working. This means that for example if a construction workers breaks a window while working, the window will be reimbursed. The deductible is 1200 euros, of which FREE.fi will cover half.

Accident insurance

FREE.fi users are insured with accident insurance in case of any accidents that happen during work or on the commute to work. The accident insurance can be used to obtain treatment by contacting the Fennia Nurse.

FAQ about light entrepreneurship

Light Entrepreneurship

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    How much can you earn as a light entrepreneur?

    As a light entrepreneur, you can earn as much as you want. However, remember to adjust your personal tax rate as you earn money as your income is considered as wage income. Once you exceed €8,575.45 per year (2023) and/or, if the business-like activity lasts for minimum of 4 months, you are obliged to take out a self-employed person’s pension insurance (YEL). The billing service will help you to do this.

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    What is the difference between a light entrepreneur and private trader (tmi)?

    Light entrepreneurship is an easy and hassle-free way to work on a job in an entrepreneurial way without having to commit to accounting services and financial management costs. As a private trader, you usually commit to monthly fees for financial management of various services. Starting as a light entrepreneur is free, while starting a business as a private trader costs money. The main difference between being a light entrepreneur and being a private trader is that as a light entrepreneur you do not have a Business ID and can start and stop your usage of the invoicing service immediately.

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    How do I invoice for my work as a light entrepreneur?

    As a light entrepreneur, you can invoice your work conveniently through the invoicing company. You create and send an invoice to your client in the invoicing company’s platform, then you wait for your client to pay the invoicing company, which then will pay you a refund for your work after tax and other deductions to your bank account. Remember to make sure that you include all deductions in your invoice price so that you receive the correct amount of payment in your account.

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    Who can be a light entrepreneur?

    Anyone can be a light entrepreneur. Light entrepreneurship is suitable for almost any sector. Popular sectors for self-employed light entrepreneurs include creative industries, cleaning, construction, logistics, etc. Light entrepreneurship is particularly suitable for people who work part-time or are just starting out as an entrepreneur. As a light entrepreneur, you invoice your client for the work through an invoicing company.

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