Beneficial owners – Finnish equities (CBF)


The following types of beneficial owner are recognised for tax purposes in Finland.

Beneficial owner type

Tax rate

Non-treaty individuals (domestic law)


Non-treaty corporations (domestic law)


Residents of a double taxation treaty (DTT) country

  • General treaty rate
  • Special articles of the DTT
  • Direct investment dividend according to the articles of the DTT

DTT rate

Tax exempt entities (domestic law)

  • Equivalent to a corresponding Finnish entity exempt from tax;
  • Parent-Subsidiary Directive;
  • Other


Note: Finnish equities beneficially owned by Finnish nationals or Finnish tax residents may not be held in Clearstream Banking. Clients are responsible for ensuring compliance with this restriction.