Includes how foreign exchange is managed and implications for U.S. business.
Last Published: 6/20/2019

Finnish foreign exchange controls have been abolished. Except for those relating to money laundering, there are practically no legal obstacles to direct foreign investment in Finnish securities and exchange control regarding payments into and out of Finland. There are no restrictions on currency transfers or repatriation of profits. Residents and non-residents may hold foreign exchange accounts. There is no limit on dividend distributions, as long as they correspond to a company's official earnings records. Payments to or from Finland must, however, be made through authorized banks in Finland.

Finland implemented the Cash Control Regulation (CCR), the EU regulation on controls of cash being transported over the EU Border, in June 2007. According to this regulation, persons carrying EUR 10,000 or more will be required to declare cash upon entering or leaving EU territory. The regulation only imposes an obligation to declare and does not restrict or prohibit import or export of cash. In December 2016, the European Commission proposed to extend the existing controls on amounts of cash entering or leaving the Union equal to, or in excess of EUR 10,000. If adopted the measures would extend cash controls to unaccompanied cash such as cash sent in postal parcels or freight consignments.
 

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.