UKKO Entrepreneur -Service Limitations

The UKKO Entrepreneur service is suitable for you if:

• You are a private trader or have a limited company, or you want to establish one.
• You want to use bookkeeping experts to help manage your accounting.
• Your company is registered in the prepayment register.
• Your business generates income solely from sources subject to the business income tax act.
• Your company’s accounting can be done on a cash basis.
• Your limited company has no more than two individual owners who are liable for taxation in Finland.
• Your company invoices in euros and does not engage in activities subject to marginal taxation.
• Your company does not engage in agriculture, forestry, animal husbandry, or the import/export of goods outside the EU.
• Your company is not subject to mandatory auditing.
• You provide the service with the identification information required by anti-money laundering laws and keep it up to date.
• The fiscal year of your sole proprietorship follows the calendar year, ending on Dec 31. The fiscal year of your limited company ends on the last day of the chosen month.

What limitations apply to the use of the service?

1. Licensed Business Without Permits
   The service is not suitable for companies that operate in regulated industries but lack the necessary permits, registrations, or qualifications.
2. Persons Under a Business Prohibition
   The service cannot be used if the responsible person is under a business prohibition or acts as the CEO or board member of the client company during the prohibition period.
3. Activities Violating Laws or Terms
   The service must not be used for illegal, terms-violating, or otherwise suspicious business activities.
4. Business Primarily Abroad
   The service is not suitable for companies conducting business primarily outside Finland or whose operations are significantly tied to foreign legislation or taxation.
5. Investment Activities
   The service is not suitable for companies that engage in investment activities, such as trading stocks, real estate, cryptocurrency, or other investments, as part of or as their main business.
6. Rental Activities
   The service cannot be used if the company rents out properties it owns or engages in rental activities based on advance payments.
7. Lack of Banking Connect
   The limited liability company service cannot be used if the company’s bank transaction data cannot be integrated into the service through technical interfaces. Please note that a limited company can link only two bank accounts to our service.
8. Inactive Companies
   Companies that do not engage in active business operations or do not issue sales invoices within a 12-month period lose the right to use the service.