Service limitations of UKKO Light Entrepreneur with business ID

The UKKO Light Entrepreneur with business ID service is suitable for you if:

You are a Finnish private trader or or would like to establish one.
Your company is liable to pay taxes in Finland and registered in the Prepayment Register.
Your company invoices in euros, and your operations include only sources of income covered by the Finnish Business Income Tax Act.
Your private trader business’s financial year follows the calendar year, ending on December 31.

The UKKO Light Entrepreneur with a Business ID service is not suitable for you if:

Your company engages in agriculture or forestry, animal breeding, imports from outside the EU, sales of goods, or activities subject to the margin scheme.
Your company engages in stock, real estate, crypto, or other investment activities.
Your company regularly conducts business outside Finland, or its operations have close links to foreign legislation or taxation.
Your company is registered for the One Stop Shop (OSS) scheme or the EU VAT scheme for small enterprises.

What more specific limitations apply to using the service?

Single-entry bookkeeping. The service provides single-entry bookkeeping only. This means that a private trader must be a self-employed professional rather than a business operator and may not have dedicated business premises, as this would require double-entry bookkeeping.
Regulated business without the required permits. Customers operating in regulated industries are responsible for obtaining any required permits, registrations, or qualifications themselves.
Persons subject to a business prohibition. The service cannot be used if the private trader is subject to a business prohibition.
Activities that violate laws or terms and conditions. The service may not be used for illegal activities, activities that violate the terms and conditions, or business that presents an exceptionally high or suspicious risk of money laundering, sanctions violations, fraud, tax evasion, or other misuse.
Internationally focused business transactions. The service is not suitable for private traders that conduct business outside Finland or whose operations are linked to foreign legislation or taxation. For example, your business may not include regular imports from outside the EU or sales of goods outside the EU. Please note that the United Kingdom is no longer part of the EU.
Investment activities. The service is not suitable for private traders that engage in stock, real estate, crypto, or other investment activities as all or part of their business.
Rental activities. The service cannot be used if the private trader engages in the rental of real estate it owns or conducts rental activities on an advance-payment basis.
Retroactive changes and corrections to invoicing. The service is not suitable for operations in which invoices that have already been paid need to be credited or corrected afterward. The customer is responsible for ensuring that invoice details are correct before sending an invoice. If an invoice has already been paid and needs to be credited, canceled, or corrected for reasons attributable to the customer, the service provider has the right to charge a processing fee in accordance with the current price list.
Vehicles in bookkeeping. The service cannot be used if your business uses, for example, a vehicle, large machine, equipment, or other significant assets that require depreciation or separate tracking in the bookkeeping. The service also cannot be used if more than 50% of the kilometers driven with a vehicle are business-related. Taxi entrepreneurs who use their own vehicle in their business are also not eligible to use the service.
Inventory management. The service cannot be used if your business requires ongoing inventory management.