Competitive Cost Level

Though skillful, the costs of personnel in Finland are relatively low compared to other developed economies (Source: ILO). The wages are generally even lower outside the capital Helsinki area. It is worth noticing that many other essential prices, e.g. real estate prices and rents, are lower in Oulu than in Helsinki and its outlying districts.

The business tax rate of 26 % enables companies to operate in a society with a variety of benefits such as educated workforce and a stable business environment. Companies are offered governmental financial incentives so foreign-owned companies with a Finnish legal entity are eligible on equal footing with Finnish-owned companies.