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Finland: Market Profile

Graph: Finland factsheet
Graph: Finland factsheet

1. Overview

Finland is a high-income free market economy that benefits from robust industrialisation and specialisation in services as well as export-oriented growth. These factors have led to its achievement of obtaining a greater GDP per capita than Italy, the United Kingdom and France. The key features of Finland's modern welfare state are a high standard of education, equality promotion, and a national social security system. As such, the country’s membership to the European Union (EU) (as of 1995), and the benefits and multilateral trade agreements that accompany membership, provide Finland with significant access to diverse trade and investment opportunities. Finland is highly competitive in manufacturing, mainly the wood, metals, engineering, telecommunications, and electronics industries. With the exception of timber and several minerals, Finland depends on imports of raw materials, energy, and some components for manufactured goods. Forestry, an important export-earner, provides a secondary occupation for the rural population. Reliance on external demand, however, does present structural concerns necessitating greater dynamism in domestic industrial policy and execution in the years ahead.  

Source: Fitch Solutions

2. Major Economic/Political Events and Upcoming Elections

June 2014
Alexander Stubb acceded to the position of prime minister and leader of the National Coalition Party (NCP).

April 2015
The Centre Party (CP) beat the NCP in parliamentary elections, allowing CP leader Juha Sipilä to form a coalition government with the Finns Party and the NCP.

December 2016
The country announced that it had emerged from its decade-long economic downturn.

April 2019
Parliamentary elections were held, with Antti Rinne’s Social Democratic Party (SDP) securing the most seats – but not enough to govern independently. Rinne formed a coalition with the CP, the SDP, the Green League, the Left Alliance and the Swedish People’s Party.

Sources: BBC Country Profile – Timeline, Fitch Solutions

3. Major Economic Indicators

Graph: Finland real GDP and inflation
Graph: Finland real GDP and inflation
Graph: Finland GDP by sector (2018)
Graph: Finland GDP by sector (2018)
Graph: Finland unemployment rate
Graph: Finland unemployment rate
Graph: Finland current account balance
Graph: Finland current account balance

e = estimate, f = forecast
Sources: Fitch Solutions, IMF, World Bank
Date last reviewed: July 16, 2019

4. External Trade

4.1 Merchandise Trade

Graph: Finland merchandise trade
Graph: Finland merchandise trade

Source: WTO
Date last reviewed: July 16, 2019

Graph: Finland major export commodities (2018)
Graph: Finland major export commodities (2018)
Graph: Finland major export markets (2018)
Graph: Finland major export markets (2018)
Graph: Finland major import commodities (2018)
Graph: Finland major import commodities (2018)
Graph: Finland major import markets (2018)
Graph: Finland major import markets (2018)

Sources: Trade Map, Fitch Solutions
Date last reviewed: July 16, 2019

4.2 Trade in Services

Graph: Finland trade in services
Graph: Finland trade in services

e = estimate
Source: WTO
Date last reviewed: July 16, 2019

5. Trade Policies

  • Finland has been a WTO member since January 1, 1995 and a member of the General Agreement on Tariffs and Trade since May, 1950.

  • Finland applies the EU's Common External Tariff, which means goods manufactured and imported from within the EU are not subject to customs charges. The average tariff rate for EU states is just 1.57%, which is among the lowest globally. The duties for non-European countries are also relatively low, especially for manufactured goods (4.2% on average). However, textile, clothing items (high duties and quota system) and food-processing industry sectors (average duties of 17.3% and numerous tariff quotas) still see protective measures. Most of the country's major trade partners are within the EU, hence risks are less pronounced.

  • The EU has imposed various anti-dumping measures on a wide range of products. As of Q319, the EU and European Commission (EC) apply anti-dumping duties on 52 product categories, affecting 15 states. The EU imposes anti-dumping duties on 30 categories of products from Mainland China and a few other Asian nations, predominantly in the areas of textiles, parts, steel, iron and machinery.

  • In 2016, the EC introduced an import licensing regime for steel products exceeding 2.5 tonnes. The regulation will be active until May 15, 2020.

  • On January 1, 2017, the EU imposed additional import duties on certain fruit and vegetables if the quantity of the goods exceeds the trigger volume level within the specified application period. As of January 2019, the EC has applied additional import duties on certain fruit and vegetables from Brazil, Israel, South Africa, Peru, Morocco, Egypt, India, Chile and Argentina.

  • 73 countries have tariffs products affected by the EU and/or EC tariffs; 631 products exported by Mainland China have tariffs placed upon them; 18 products exported by Hong Kong have EU tariffs placed upon them as of Q319.

  • The EU imposes import quotas on rice imports from Cambodia, India, the United States, Pakistan and Thailand.

  • In addition, Finland places tariffs on poultry products from 16 states.

Sources: WTO – Trade Policy Review, Fitch Solutions

6. Trade Agreements

6.1 Multinational Trade Agreements

Active

  1. The EU Common Market: The transfer of capital, goods, services and labour between member nations enjoy free movement. The common market extends to the 28 member nations of the EU, namely: Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.

  2. European Economic Area(EEA) European Free Trade Association (EFTA) (Iceland, Liechtenstein, Norway and Switzerland): While it enhances trade flows between these countries and the EU, only Switzerland is a fairly major trading partner.

  3. EU-Turkey: The customs union within the EU provides tariff-free access to the European market for Turkey, benefitting both importers and exporters.

  4. EU-Japan Economic Partnership Agreement (EPA): In July 2018, the EU and Japan signed a trade deal that promises to eliminate 99% of tariffs that cost businesses in the EU and Japan nearly EUR1 billion annually. According to the EC, the EU-Japan EPA will create a trade zone covering 600 million people and nearly a third of global GDP. The result of four years of negotiation, the EPA was finalised in late 2017 and came into force on February 1, 2019 after the EU Parliament ratified the agreement in December 2018. The total trade volume of goods and services between the EU and Japan is an estimated EUR86 billion. The key parts of the agreement will cut duties on a wide range of agricultural products and it seeks to open up services markets, particularly financial services, e-commerce, telecommunications and transport. Japan is the EU's second-largest trading partner in Asia after Mainland China. EU exports to Japan are dominated by motor vehicles, machinery, pharmaceuticals, optical and medical instruments, and electrical machinery. 

  5. EU-SADC EPA (Botswana, Lesotho, Mozambique, Namibia, South Africa and eSwatini): An agreement between the EU and the Southern African Development Community (SADC) delegations was reached in 2016 and is fully operational for SADC members following the ratification of the agreement by Mozambique. The remaining six members of SADC not included in the deal (the Democratic Republic of the Congo, Madagascar, Malawi, Mauritius, Zambia and Zimbabwe) are seeking economic partnership agreements with the EU as part of other trading blocs – such as with East or Central African communities.

Provisionally Active

  1. The Comprehensive Economic and Trade Agreement (CETA): CETA is an agreement between the EU and Canada. CETA was signed in October 2016 and ratified by the Canadian House of Commons and EU Parliament in February 2017. However, as of July 2019, the agreement has not been ratified by every European state and has only provisionally entered into force. The following EU countries have ratified CETA, making the agreement provisionally active for these states: Austria, the Czech Republic, Denmark, Estonia, Spain, the United Kingdom, Croatia, Lithuania, Latvia, Malta, Portugal, Sweden and Finland. CETA is expected to strengthen trade ties between the two regions, having come into effect in 2016. Some 98% of trade between Canada and the EU will be duty free under CETA. The agreement is expected to boost trade between partners by more than 20%. CETA also opens up government procurement. Canadian companies will be able to bid on opportunities at all levels of the EU government procurement market and vice versa. CETA means that Canadian provinces, territories and municipalities are opening their procurement to foreign entities for the first time, albeit with some limitations regarding energy, utilities and public transport.

  2. EU-Central America Association Agreement (Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, Belize and the Dominican Republic): An agreement between the parties was reached in 2012 and is awaiting ratification (29 of the 34 parties have ratified the agreement as of July 2019). The agreement has been provisionally applied since 2013, with the agreement being provisionally implanted among signatories.

Ratification Pending

  1. EU-Singapore FTA (EUSFTA): On February 13, 2019, the European Parliament passed the agreement which would see the creation of the EUSFTA. However, before the agreement is implemented, all the states involved will need to ratify the agreement through their individual legislatures; in this case, the free trade agreement (FTA) may become provisionally active along the lines of states which have already ratified the agreement.

  2. EU-Vietnam FTA: In July 2018, the EU and Vietnam agreed on final texts for the EU-Vietnam FTA and the EU-Vietnam Investment Protection Agreement. On June 30, 2019, the relevant parties signed the agreement on both the trade agreement and the investment protection agreement. The signed agreements will be presented to both the EU and Vietnamese parliaments, as well as the individual parliaments of EU members, for ratification.

  3. EU-MERCOSUR FTA: After almost 20 years, a deal to establish the FTA was agreed upon on June 28, 2019. The signed agreements will be presented to the parliaments of the affected states (the EU and MERCOSUR members), as well as to the EU Parliament, for ratification before coming into effect. MERCOSUR consists of Argentina, Brazil, Paraguay and Uruguay (Venezuela’s membership has been suspended).

Under Negotiation

  1. EU-Australia: The EU, Australia's second-largest trade partner, has launched negotiations for a comprehensive trade agreement with Australia. Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost EUR48 billion in 2017, and bilateral trade in services added an additional EUR27 billion. The negotiations aim to remove trade barriers, streamline standards and put European companies exporting to or doing business in Australia on equal footing with those from countries that have signed up to the Trans-Pacific Partnership or other trade agreements with Australia. The Council of the EU authorised opening negotiations for a trade agreement between the EU and Australia on May 22, 2018.

  2.  EU-United States (Trans-Atlantic Trade and Investment Partnership): This agreement was expected to increase trade and services, but it is unlikely to pass under the Trump administration in the United States against the backdrop of rising global trade tensions.

Sources: WTO Regional Trade Agreements Database, Fitch Solutions

7. Investment Policy

7.1 Foreign Direct Investment

Graph: Finland FDI stock
Graph: Finland FDI stock
Graph: Finland FDI flow
Graph: Finland FDI flow

Source: UNCTAD
Date last reviewed: July 16, 2019

7.2 Foreign Direct Investment Policy

  1.  The 'Invest in Finland' agency promotes investment inflows and assists international companies in finding business opportunities within the country. The agency provides practical details for investors in addition to general economic data about Finland. The agency also provides guidance on establishing a business in the country.

  2. Foreign Investments in Finland are beholden to the Act on the Monitoring of Foreign Corporate Acquisitions in Finland (172/2012). Under the act, key national interests are monitored and restricted (if needed); these interests generally fall into one of three categories: national defence, security of supply, and functions fundamental to society. The Ministry of Economic Affairs and Employment must approve corporate acquisitions unless one of these interest areas are potentially endangered. Under Finnish law, a corporate acquisition refers to a situation when a foreign owner gains control of a threshold of at least one-tenth/one-third or half of the aggregate number of votes conferred by all shares in the company, or a holding that otherwise corresponds to decision-making authority in a limited liability company or other monitored entity.

  3. Corporate acquisitions in the defence and dual-use sector requires prior approval from the relevant authorities – approval is to be requested by application ahead of time. Applications will cost EUR2,000 (per acquisition) throughout 2019.

  4. Authorisation is needed for investments into regulated sectors (such as banking, investment services, fund management and payment services), largely to ensure continued compliance with regulations in the prevailing industry. 

  5. Beyond the above-stated authorisation requirements, coupled with the oversight and restriction provisions, no further specific restrictions are present.

  6. No currency controls are in place. There are also no regulations regarding currency as Finland makes use of the euro.

  7. The government of Finland has created ‘Team Finland’ to act as a one-stop shop for businesses to promote smooth service chains, including advice and funding opportunities.

  8. Both the International Centre for settlement of Investment Disputes and the International Court of Arbitration, International Chamber of Commerce (ICCWBO) are available to foreigners investing in Finland for the purpose of resolving disagreements. Further organisations aimed at mediating and resolving conflicts are the Central Chamber of Commerce of Finland and the Arbitration Institute.

  9. Finland has 67 active Bilateral Investment Treaties (BITs) as of July 2019 – Finland has active BITs with Hong Kong and Mainland China.

  10. The EU has in place 56 active treaties with investment provisions with entities such as:
    • MERCOSUR
    • Association of South-East Asian Nations (ASEAN)
    • Central American Common Market (CACM)
    • Caribbean Community (CARICOM)
    • Economic Community of West African States (ECOWAS)
    • Gulf Cooperation Community (GCC)
    • SADC
    • Common Market For East And Southern Africa (COMESA)
    • East African Community (EAC)
    • West African Economic and Monetary Union (WAEMU)
    • African Union (AU)
    • Mainland China and Macao

  11. Although few explicit limits on investment are delineated, certain industries have stricter barriers to entry on account of the market structure (monopolistic markets, such as the betting industry).

  12. Finland ensures land and property owners compensation in the case of expropriation – done in a non-discriminatory manner under legal guidelines; however, such cases are rare.

Sources: WTO – Trade Policy Review, The Ministry of Economic Affairs and Employment of Finland, Fitch Solutions

7.3 Finland – Free Trade Zones and Investment Incentives

Free Trade Zone/Incentive ProgrammeMain Incentives Available
Foreign tax creditTaxes paid to a foreign state (which is party to a double-taxation treaty) can qualify for tax credits at the same rate as taxes paid in Finland.

The maximum credit allowed is the lower of the two rates between the local and foreign tax paid.

Unused tax credits deriving from the foreign taxes paid can be brought forward up to five years as part of income tax credits.
Research and development (R&D) incentivesA number of R&D incentives and aid programs may benefit foreign businesses.

- Businesses may be eligible for funding in order to develop products or services, production methods, and business models. Funding is also potentially available for the testing and demonstration of new processes or products – along with the evaluation of these processes and products.

- ‘Innovation vouchers’ are also available for small-and medium-sized enterprises (SMEs) in well-established industries. The voucher allows businesses with a new process or product in need of external assistance and expertise to purchase expert services related to innovation activities.

- The ‘Into’ funding service is targeted at SMEs attempting to enter the export market. To be eligible, a company must be registered in Finland, and funding must be used to source consultancy services to strengthen the business’ innovation expertise. The funding can also be used to acquire industrial rights or hire an expert from a research organisation or large company on a temporary basis.

Sources: US Department of Commerce, Fitch Solutions, Finnvera

8. Taxation - 2019

  • Value Added Tax: 24%
  • Corporate Income Tax: 20%

8.1 Business Taxes

Type of TaxTax Rate and Base
Corporate Income Tax (CIT)
20%
Value Added Tax
Standard rate: 24%
Reduced rates:
- 14% for food and animal feed
- 10% certain goods and services (books, passenger transport, accomodation, etc.)
- 0% (certain services such insurance, financial services, certain educational providers)
Withholding Tax: royalties- Standard rate: 20%
- may be reduced to 0% if a number of conditions are met
Withholding Tax: dividends- 20% to a non-resident
- 0% to a non-resident EU company if they hold at least 10% of capital in the dividend paying entity and if the recipient qualifies under Article 2 of the EU Parent-Subsidiary Directive
Withholding Tax: interest- 0% (generally exempt in Finland unless in relation to equity investments)
- 30% on equity investments (bonds, debentures, bank deposits)
Transfer Tax- 1.6% on Finnish securities
- 4% of Finnish real property
Payroll Tax: Social securityOn average
- health insurance: 0.86%
- pension contribution: 17.75%
- unemployment insurance contribution: 0.65% on first EUR2,083,500 of gross salaries; 2.6% after
- life insurance premium: 0.07%
- accident insurance: 0.8%

Source: Vero Skatt
Date last reviewed: July 16, 2019

9. Foreign Worker Requirements

9.1 Work Permit

European Union (EU) member citizens do not require a work permit, but their employer must inform the job office about their employment. Citizens of the EEA (with EU member states, Iceland, Norway and Lichtenstein) and Switzerland do not require a visa to enter, reside and work in the country.

No work permit is needed by foreigners from outside the EU if they have a permanent residence or family reunion permit, have been granted asylum, study in the country or have blue or green cards.

9.2 Obtaining Foreign Worker Permits

Individuals from non-EU countries require residence and work permits. The procedure to be granted a work permit includes a review of the local job market to ensure that there is no Finnish or EU job seekers available to fulfil the position. Employers must first apply for a permit to hire foreign workers. The vacant position must be reported to the local district labour office and cannot be changed at a later stage to fit the profile of a potential employee. The candidate must then apply for a work permit. The government issues the permit for a maximum of two years, which can be repeatedly prolonged, but always for a maximum of two years, and may be renewed as many times as needed. The permit process takes an average of one month.

9.3 Blue Card

Intended for the stay of a highly qualified employee. A foreigner holding a blue card may reside in the country and work in the job for which the blue card was issued, or change that job under the conditions defined. High qualification means a duly completed university education or higher professional education which has lasted for at least three years. The blue card is issued with the term of validity three months longer than the term for which the employment contract has been concluded, but for the maximum period of two years. The blue card can be extended. One of the conditions for issuing the blue card is a wage criterion – the employment contract must contain gross monthly or yearly wage at least at the rate of 1.5 multiple of the gross average annual wage.

Sources: Europa.eu, Fitch Solutions

10. Risks

10.1 Sovereign Credit Ratings

 Rating (Outlook)Rating Date
Moody'sAa1 (stable)
27/04/2019
Standard & Poor's
AA+ (stable)
10/10/2014
Fitch RatingsAA+ (positive)26/07/2019

Sources: Moody's, Standard & Poor's, Fitch Ratings, Reuters

10.2 Competitiveness and Efficiency Indicators


 
World Ranking
201720182019
Ease of Doing Business Index13/19013/190 17/190
Ease of Paying Taxes Index13/19012/190 11/190
Logistics Performance IndexN/A10/160 N/A
Corruption Perception Index3/180 3/180 N/A
IMD World Competitiveness15/63 16/6315/63

Sources: World Bank, Transparency International

10.3 Fitch Solutions Risk Indices

 World Ranking
201720182019
Economic Risk IndexN/A29/20224/202
Short-Term Economic Risk Score76.777.175.0
Long-Term Economic Risk Score71.3 72.874.6
Political Risk IndexN/A
5/2025/202
Short-Term Political Risk Score 83.5 81.978.8
Long-Term Political Risk Score91.8 91.891.8
Operational Risk Index
 N/A12/20112/201
Operational Risk Score74.4 75.274.2

Source: Fitch Solutions
Date last reviewed: July 16, 2019

10.4 Fitch Solutions Risk Summary

ECONOMIC RISK
High levels of regional integration suggests that the risk of a regional growth slowdown and a potential escalation in global trade tensions can negatively impact the country's economic position over the medium term. A constrained public expenditure increase, despite the government’s recent spending pledges, and weak fixed investment are expected to weigh on economic momentum, although growth in exports of goods and services is seen being strong in the near term. A 'no deal' Brexit would take a toll on European demand for Finnish exports, while United States protectionist measures have increased the risks to global trade. On the internal front, elevated household debt may prompt monetary authorities to impose new restrictions on bank lending – particularly for mortgages – curbing the growth in credit.

OPERATIONAL RISK
Finland’s operating environment is highly competitive. Among a number of enabling factors, the rule of law and bureaucratic environment protect business interests, while a high-standard transport system encourages domestic trade, coupled with the countries unrestrictive border compliance regime which, in turn, promotes export activities. Labour costs are high by global standards, while regulations surrounding labour flexibility remain stringent for employers and this has contributed to elevated unemployment levels (compared to other developed economies) since 2008.

Source: Fitch Solutions
Date last reviewed: July 30, 2019

10.5 Fitch Solutions Political and Economic Risk Indices

Graph: Finland short term political risk index
Graph: Finland short term political risk index
Graph: Finland long term political risk index
Graph: Finland long term political risk index
Graph: Finland short term economic risk index
Graph: Finland short term economic risk index
Graph: Finland long term economic risk index
Graph: Finland long term economic risk index

100 = Lowest risk; 0 = Highest risk
Source: Fitch Solutions Political and Economic Risk Indices
Date last reviewed: July 16, 2019

10.6 Fitch Solutions Operational Risk Index

 Operational
Risk
Labour Market
Risk
Trade and Investment RiskLogistics RiskCrime and Security Risk
Finland Score
 74.2 55.874.183.483.7
Developed states average
72.464.671.376.377.4
Developed states position (out of 27)
1022
1244
Global average49.650.349.849.049.2
Global position (out of 201)12651846

100 = Lowest risk; 0 = Highest risk
Source: Fitch Solutions Operational Risk Index

Graph: Finland vs global and regional averages
Graph: Finland vs global and regional averages

 

CountryOperatonal
Risk Index
Labour
Market Risk
Index
Trade and
Investment Risk
Index
Logistics
Risk
Crime and
Secruity Risk
Index
Demark80.4
74.8
76.288.382.3
Netherlands
78.465.978.288.680.7
Sweden78.067.778.187.578.6
Switzerland77.775.077.675.183.2
New Zealand77.473.775.772.188.3
United States77.281.375.382.969.3
Canada77.074.375.476.781.6
United Kingdom76.871.479.078.578.2
Norway76.264.072.280.887.9
Finland74.255.874.183.483.7
Ireland73.966.878.072.079.0
Austria73.760.871.980.581.5
Luxembourg72.854.277.680.079.3
Germany72.365.569.081.273.6
Australia72.067.872.168.379.9
Japan71.872.465.577.971.5
France71.860.171.183.272.8
Iceland71.460.667.269.6
88.1
Belgium71.358.272.883.271.1
Spain71.359.468.969.676.0
Liechtenstein70.759.878.183.283.2
Portugal69.451.766.580.978.4
Israel67.471.464.671.162.7
Isle of Man65.869.162.449.382.4
Malta64.654.969.060.873.7
Italy63.754.559.776.264.3
Greece58.054.249.268.959.6
Regional
Averages
72.464.671.376.377.4
Emerging
Markets
Averages
46.948.645.447.446.1
Global
Market
Averages
49.650.349.849.049.2

100 = Lowest risk; 0 = Highest risk
Source: Fitch Solutions Operational Risk Index
Date last reviewed: July 16, 2019

11. Hong Kong Connection

11.1 Hong Kong’s Trade with Finland

Graph: Major export commodities to Finland (2018)
Graph: Major export commodities to Finland (2018)
Graph: Major import commodities from Finland (2018)
Graph: Major import commodities from Finland (2018)

Note: Graph shows the main Hong Kong exports to / import from Finland (by consignment)
Date last reviewed: July 16, 2019

Graph: Merchandise exports to Finland
Graph: Merchandise exports to Finland
Graph: Merchandise imports from Finland
Graph: Merchandise imports from Finland

Note: Graph shows the main Hong Kong exports to / import from Finland (by consignment)
Exchange Rate HK$/US$, average
7.75 (2014)
7.75 (2015)
7.76 (2016)
7.79 (2017)
7.83 (2018)
Sources: Hong Kong Census & Statistics Department, Fitch Solutions
Date last reviewed: July 16, 2019

 2018Growth rate (%)
Number of Finnish residents visiting Hong Kong25,310-8.2

Source: Hong Kong Tourism Board

 2018Growth rate (%)
Number of European residents visiting Hong Kong1,961,4501.7

Source: Hong Kong Tourism Board

 2017Growth rate (%)
Number of developed states citizens residing in Hong Kong65,6801.6

Source: United Nations Department of Economic and Social Affairs – Population Division
Date last reviewed: July 16, 2019

11.2 Commercial Presence in Hong Kong

 2018Growth rate (%)
Number of Finnish companies in Hong KongN/AN/A


11.3 Treaties and agreements between Hong Kong and Finland

Hong Kong and Finland have a double taxation agreement in place. The agreement was signed and came into effect in 2018 (in May and December respectively).

Source: Hong Kong Inland Revenue Department

11.4 Chamber of Commerce or Related Organisations

Finnish Chamber of Commerce, Hong Kong
Address: Room 1302, 13/F, 168 Queen's Road, Central. Hong Kong
Email: info@finncham.com.hk
Tel: (852) 9071 6414
Fax: (852) 2511 6833

Source: Finncham, Hong Kong

Finland-Hong Kong Trade Association
Email: jenni.isola@chamber.fi
Tel: (358) 9 4242 6239
Website: www.kauppayhdistys.fi

Please click to view more information.

Consulate General of Finland, Hong Kong
Address: 10/F, Club Lusitano, 16 Ice House Street, Central, Hong Kong
Email: sanomat.HNG@formin.fi / visa.hng@formin.fi
Tel: (852) 2525 5385
Fax: (852) 2810 1232

Source: Consulate General of Finland, Hong Kong

11.5 Visa Requirements for Hong Kong Residents

Hong Kong residents can travel to the Schengen Zone without a visa. They can travel for tourism and business purposes and remain in the region for a period of up to 90 days.

Source: ETIAS Visa
Date last reviewed: July 16, 2019

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