Starter money

[Sisupoika]

I think business's like that are 10 a penny here but its not my area of expertise.

I struggle to understand how you can say something like this without a) being it your area of expertise, b) knowing anything at all about what exactly I am going to build - as I didn't say anything other than 'web services'. Mah

But I do know that with this kind of business and the way the economy is they will not give you a start up grant

What do you mean by 'this kind of business', again, without knowing what exactly I am going to do / without being it your area of expertise? Plus 'the way the economy is' means little to nothing. It simply means that investors and alike are more careful with giving money away, thus only ideas with more potential get funding, usually, in these circumstances. But here we are talking about plans by a government to promote new business initiatives, not about agenls and VCs. And don't forget that it is often right during economically difficult times that new opportunities are created.

without the business being operational.

Wrong: you are ONLY allowed to apply for start up grant before setting up a company.

[Ross1983]

business operating = no start money.

I would say business trading = no start

business operational = being ready to start trading

My view would be that at the very least the business would need to have a decent structure - equipment, a base of trade & a owner that lives in finland etc

[Ross1983]

I think business's like that are 10 a penny here but its not my area of expertise.

I struggle to understand how you can say something like this without a) being it your area of expertise, b) knowing anything at all about what exactly I am going to build - as I didn't say anything other than 'web services'. Mah

But I do know that with this kind of business and the way the economy is they will not give you a start up grant

What do you mean by 'this kind of business', again, without knowing what exactly I am going to do / without being it your area of expertise? Plus 'the way the economy is' means little to nothing. It simply means that investors and alike are more careful with giving money away, thus only ideas with more potential get funding, usually, in these circumstances. But here we are talking about plans by a government to promote new business initiatives, not about agenls and VCs. And don't forget that it is often right during economically difficult times that new opportunities are created.

without the business being operational.

Wrong: you are ONLY allowed to apply for start up grant before setting up a company.

I said "I think" it's an opinion - now my opinion is that you are a wee bit touchy pal

I get phone calls nearly everyday about some web based service provided, now im not saying you not good at your job or this is even your kind of work. I'm saying that the market is satuarated with web based service companys. Start up grants are harder to get now than say even 6 months ago, if you can turn a profit after 6 months then good luck to you.

[CH]

business operating = no start money.

I would say business trading = no start

business operational = being ready to start trading

My view would be that at the very least the business would need to have a decent structure - equipment, a base of trade & a owner that lives in finland etc

Well, your view is irrelevant as you are not deciding on the start money ("Starttiraha"). What is relevant is what the rules are.
http://www.mol.fi/mol/fi/04_yrittaminen ... /index.jsp (Sorry, did a cursory find for an English page, but didn't see it)

Tuen saamisen edellytyksenä ovat mm. yrittäjäkokemus tai –koulutus, mahdollisuudet kannattavaan toimintaan, tarpeellisuus yrittäjäksi ryhtyvän toimeentulon kannalta sekä se, että yritystoimintaa ei ole aloitettu ennen kuin tuen myöntämisestä on päätetty.

So, if the business is operational then you can not get starttiraha! The money is meant to help start up a business, not help a business already in operation. And as far as I have understood, the "not operational" should be taken very literally... don't register, don't do anything that could be taken to mean that it is in operation. You will need a business plan, yes, but I think that's usually part of the process that they will help you in doing that, but apart from that talk with the TE-toimisto before doing anything so you will not disqualify yourself!!!

[Sisupoika]

@CH, yup that's what I was told too and that's the reason why I haven't set up the company yet or done anything else

[Ross1983]

I come from a construction back round so let’s just say dominic wants to start a joinery business in finland and he comes from and lives in France he has 1000€ in the bank. He has no tools for the business, no base of business or finnish business insurance but he does have one hell of a business plan. dominic can apply for starttiraha and possibly get it?

Operational for me would be:

Dominic has lived here in finland for at least one year
He has a base of operations
He has the tools and equipment for his business
He has business insurance
Has a business & marketing plan

Just enough capital to -

Enforce the marketing plan
Keep him going for a few months

So the second dominic would not be entitled to a government run scheme that helps start up new business’s! why? What level of investment to the business is acceptable?

[Upphew]

Buying tools and equipment before you can deduct VAT would be dumb, imho.
Getting business insurance isn't that big thing and you need to have the company that takes the insurance...
Base of operations for startup is many times the spare bedroom (your company can pay rent to you).
To get starttiraha you need the business plan. I would guess that said plan includes the plan to get business running, eg getting equipment and all the paperwork that is needed.

[Rosamunda]

But starttiraha alone is not enough to buy tools and equipment. It's just lunch money. The business plan should stand up on its own, with or without starttiraha, which means it needs some capital, for example a bank loan, or the entrepreneur's own cash etc.

As far as i remember, it is possible to deduct VAT on tools and equipment purchased prior to registering the business (receipts needed of course) but there is a time limit. I can't remember where I read that but the question has come up on this forum before.

[cors187]

I am lost in this thread .
Is the OP living abroad and asking the FIN gov to lend him the mandatory cash amount to legally start a business in Finland??, and after hes been given the OK to have the cash,, then the OP applies for the self employed residence permit to enter Finland??

[Sisupoika]

I am lost in this thread .
Is the OP living abroad and asking the FIN gov to lend him the mandatory cash amount to legally start a business in Finland??, and after hes been given the OK to have the cash,, then the OP applies for the self employed residence permit to enter Finland??

I am not sure of what -in this thread- suggested that I might live abroad... but I live in Espoo at the moment.

Anyway, an update: got in touch with them, sent the business plan, and having a meeting with them tomorrow. Good news is that someone from incubator Spinno will attend the meeting to explore possibilities. So fingers crossed!

[Rosamunda]

I am not sure of what -in this thread- suggested that I might live abroad... but I live in Espoo at the moment.

... your profile. It says London.

[Sisupoika]

Oh, I see... updated

[Sisupoika]

First meeting went well, I'll have the next one to go more in details in both the project and the incubator programme.

[cors187]

First meeting went well, I'll have the next one to go more in details in both the project and the incubator programme.

Yeah the profile location threw me.
Mate can you shed some light on if you have to be a permanent resident to ask for such a money grant, i guess all EU citizens are considered temp resident if they move to finland?

[Sisupoika]

I would assume the answer is yes, although I wasn't asked anything about this during the meeting or in the emails before that. I can ask them