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Securing an entrepreneur’s livelihood

Due to the situation caused by coronavirus, the content of this page may not be up to date. Up-to-date information is available at Federation of Finnish Enterprises’s website Kaikki koronasta yrittäjälle (only in Finnish).

At the start of your entrepreneurship, you can apply for start-up assistance from the TE Office, which will secure your livelihood while the income from your business is still limited. Otherwise you can ensure your livelihood as an entrepreneur mainly through the same benefits as wage earners. If you become unemployed, you can receive an unemployment allowance or labour market subsidy. Or if you fall ill, you can apply for a daily sickness allowance. If you make the transition from a wage earner to an entrepreneur or vice versa, you should also join the correct unemployment fund. You may notice that your benefits will change.

See contents related to the topic:

The self-employed person’s pension insurance

As an entrepreneur you must take out pension insurance for self-employed persons or insurance under the Farmers’ Pensions Act.

Unemployment benefits for entrepreneurs

As an entrepreneur, you have access to the same unemployment benefits as wage earners.

Entrepreneur’s parental benefits

Entrepreneurs have access to the same parental benefits as wage earners. However, you cannot engage in business while receiving certain benefits.

Entrepreneur's sickness allowance

You can search for a sickness allowance as an entrepreneur. It is determined on the basis of your earnings.

Housing allowance and basic social assistance for entrepreneurs

From a wage earner to an entrepreneur

Transition from a wage-earner to an entrepreneur often affects your benefits as well as those of your family, such as unemployment security.

From an entrepreneur to a wage earner

Transition from an entrepreneur to a wage earner will affect your life at many levels. Get ready for your new role as a wage earner and take care of your unemployment security.