Finance
7 Ways to Prepare for Higher Taxes in Your Home Country
If you think high taxes are inevitable, or you’re so worn down by the increasing financial demands of living in the so-called advanced, democratic West, you’re not alone. As they…
Finland
Nomad Passport Index Ranking
4T
Nomad Rank
107.00
Total Score
Country
Finland
Capital City
Helsinki
Language
Finnish, Swedish
Currency
Euro
Region
Europe
Landlocked
No
Finland
Nomad Passport Index Ranking
The passport of Finland is currently ranked as 4T, with a total score of 107.00. Finland passport ranking relative to other global passports is calculated by relying on the Finland government's approach not just to travel, but also to international taxation laws, global perception, dual citizenship, and personal freedom as just the number of countries Finland passport holder may visit won't tell the whole story and you will have to deal with far different requirements to pay tax, live freely, comply with regulations, and avoid scrutiny when traveling.
| 176 | 20 | 50 | 50 | 50 |
| Travel | Taxation | Perception | Dual Citizenship | Freedom |
Visa-Free
Visa On Arrival
Visa eTA
Visa Required
Travel Destinations from Finland 50% in total score
For the Finland Travel score calculation, we relied on data from the IATA, Henley Index, and news sources to rank travel access. We calculate the Travel scores by summing up Visa-free, Visa On Arrival, and eTA countries. Based on that data, we assigned Finland a Travel score of 176 as there are 126 countries that Finland passport holders can enter without a visa (i.e. visa-free countries), 41 countries that allow Finland passport holders to enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) and 9 electronic travel authorization (eTA) destinations. Altogether, Finland passport holders can enter a total of 176 destinations — either without a visa, through a visa on arrival, or via an eTA. Separate from these 176 destinations, there are 74 additional destinations which Finland passport holders either need a physical visa to enter or an eVisa.
Taxation in Finland 20% in total score
For the Finland Taxation score calculation, we relied on data from our network of tax vendors, news sources, and tax authorities themselves. We assigned the lowest score of 10 to countries that tax citizens no matter where they live, scores of 20 or 30 to countries that allow citizens to relocate to avoid tax, 40 to those that don’t tax foreign incomes of resident citizens, and 50 to countries with zero tax. Based on that data, we assigned Finland a Taxation score of 20, meaning that Finland allows citizens to relocate to avoid tax.
LET US CREATE YOUR HOLISTIC OFFSHORE PLAN
Having a second residence in another country is a great way to diversify away from your home country, pay less in taxes, and possibly obtain a second citizenship, but are you sure that Finland is the best option for you? Let our experienced team create and implement a bespoke, holistic strategy for you to legally reduce your tax rate offshore, protect your assets, invest overseas, obtain a second citizenship, and improve your peace of mind. We've helped 1,500+ HNWI entrepreneurs and investors and we can help you, too.
BECOME A CLIENTPerception in Finland 10% in total score
For the Finland Perception score calculation, we relied on the World Happiness Report, the Human Development Index, and subjective factors from our networks’ experiences to determine how each country’s citizens are received and recognized. We assigned the lowest score of 10 to those whose citizens are refused entry to a substantial number of countries and/or whose citizens encounter substantial hostility, scores of 20, 30, and 40 to countries whose citizens experience intermediate hostility, and 50 to countries ranked among the happiest in the world and whose citizens experience minimal hostility. Based on that data, we assigned Finland a Perception score of 50, meaning that Finland citizens experience minimal hostility.
Dual Citizenship in Finland 10% in total score
For the Finland Dual Citizenship score calculation, we relied on embassy data and our experiences to assess the ability to hold dual citizenship, ranging from a score of 10 for strictly forbidden to a score of 50 for freely allowed. We assigned the score of 10 and 20 to countries whose citizens are strictly forbidden to hold other citizenships, scores of 30 and 40 to countries whose citizens are often allowed to hold other citizenships but with certain restrictions, and 50 to countries whose citizens are almost always allowed to hold other citizenships. Based on that data, we assigned Finland a Dual Citizenship score of 50, meaning that Finland citizens are almost always allowed to hold other citizenships.
Freedom in Finland 10% in total score
For the Finland Freedom score calculation, we relied on data and news reports on mandatory military service, government surveillance, press freedom, and other factors to determine the personal freedom of citizens, travelers, and expats, with scores from 10 being the least free and 50 being the freest. We assigned the scores of 10 and 20 to countries whose citizens have low freedom, scores of 30 and 40 to countries whose citizens have intermediate freedom, and 50 to countries whose citizens have total freedom. Based on that data, we assigned Finland a Freedom score of 50, meaning that Finland citizens have total freedom.
ARTICLES FEATURING Finland
Finance
Five Low-Tax Countries for Expats in 2024
What exactly is an expat? It’s not as straightforward as you might think. Ask a handful of expats to define the term and you’ll get a handful of different answers.…
Finance
What US Expats Should Know About Citizenship-Based Taxation
It might seem odd, but the roots of the United States’ Citizenship-Based Taxation (CBT) – a tax which causes expats so many sleepless nights – are mired firmly in the aftermath of…
Expat
10 of the Least Corrupt Countries in the World
If you’re interested in overseas investment, you want to first make sure the places you invest in are stable and trustworthy. So today, we’ll talk about ten of the world’s…
SIMILAR PASSPORTS
Finland
| Rank | 4T |
| Score | 107.00 |
| Travel | 176 |
| Taxation | 20 |
| Perception | 50 |
| Dual Citizenship | 50 |
| Freedom | 50 |
Finland