OFFPLAN NEWS

(28.06.2007 )
Property in Finland Foreign-owned companies increasingly operate in Finland

A recent survey shows that foreign-owned companies increasingly operate in Finland to serve the Finnish real estate and surrounding markets and their short-term expansion plans are centred round Russia, the Baltic countries and Central Europe.  The survey, commissioned by Invest in Finland, reveals that the market sector that foreign-owned companies operate in has a big impact on the reasons why businesses invest in Finland.

Greenfield companies emphasise the market reasons. The opportunity to reach the Finnish and surrounding markets has attracted the majority of Greenfield investment to Finland. This is explained by the fact that nearly 70 percent of foreign-owned Greenfield companies in Finland operate in the wholesale and retail sector. Greenfield companies are also attracted to the cooperation and networking opportunities the Finnish business environment offers. In addition, corporation tax and transport costs have also become more important considerations in recent years.

More foreign-owned companies acquire Finnish companies than launch Greenfield operations, which highlights that the most important motives for the acquisition of Finnish companies is the need to expand existing markets and the opportunities offered by the marketing and business expertise of the acquired company. The Nordic markets, and the conditions for research and development, have also become more significant investment factors for companies making acquisitions.

Findings from the survey show that the sector of foreign-owned companies is a big determiner in how companies establish a presence in Finland. Technological expertise is a significantly more important motive for industrial companies compared to companies working in services, energy and construction and wholesale and retail.

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