Service limitations of the UKKO Entrepreneur service

The UKKO Entrepreneur service is suitable for you when:

• You have a sole proprietorship or a limited company, or you want to establish one.

• You want to use accounting professionals to help manage your bookkeeping.

• Your company is registered in the Finnish Prepayment Register.

• Your business activities include only income sources defined under the Finnish Business Tax Act.

• Your accounting can be handled on a cash basis.

• Your limited company has a maximum of two individual shareholders who are tax residents in Finland.

• Your company invoices in euros and does not engage in margin scheme activities.

• Your company does not operate in agriculture, forestry, animal breeding, or import/sell goods outside the EU.

• Your company is not subject to statutory auditing.

• You provide the customer due diligence information required by anti-money laundering legislation and keep it up to date.

• Your sole proprietorship’s financial year is the calendar year (ending on December 31), and your limited company’s financial year ends on the last day of a month.

What restrictions apply to using the service?

Licensed business activities without required permits

The service is not suitable for businesses that operate in regulated industries without the required permits, registrations, or qualifications.

Persons under a business prohibition

The service cannot be used if a responsible person is under a business ban or acts as a CEO or board member of a client company during such a ban.

Illegal or non-compliant activities

The service may not be used for illegal, non-compliant, or otherwise suspicious business activities.

International-focused business operations

The service is not suitable for companies operating outside Finland or whose business involves foreign legislation or taxation.

Investment activities

The service is not suitable for companies engaged in stock trading, real estate investing, crypto activities, or other investment operations as part of their business.

Rental activities

The service cannot be used if the company rents out owned real estate or operates rental business based on advance payments.

Lack of banking integrations

The limited company service cannot be used unless the company’s bank transaction data can be connected via technical interfaces.

Please note that a limited company can connect a maximum of two bank accounts to the service.

Passive companies

Companies that do not conduct active business or do not issue sales invoices within 12 months lose the right to use the service.

OSS or EU VAT schemes for small businesses

The service is not suitable for companies that are part of the One Stop Shop (OSS) scheme or the EU VAT scheme for small businesses.