Responsible business model, financial management, supply chain

We provide Compliance and Advisory services for the subcontracting network of large industrial projects as well as for public sector projects on a full service basis. All of Econia’s advisory and consultancy services as well as extensive financial management services are available to subcontractors.

Towards transparent and compliant subcontracting chain

The Act on the Contractor’s Obligations and Liability in Finland requires the principal contractor to ensure that suppliers and subcontractors fulfill their statutory obligations as both contractual partners and employers. For a company, conducting and managing this verification can be extremely challenging without external assistance. We are well-versed in the Act on the Contractor’s Obligations and Liability, collective agreements, and regulatory requirements. We help our clients utilize external labor risk-free and manage the subcontracting chain throughout the entire process.

Econia's proactive approach to tackling the grey economy is based on our extensive expertise and excellent stakeholder relations, and has been built up over 20 years of practical work.  

An illustrated chart of ESG: Environment, Social, Governance, with the focus on Governance.


Grey Economy Control Services

The phenomenon of the grey economy often involves various abuses and neglect of statutory payments and taxes. The purpose of the Act on the Contractor's Obligations and Liability is to combat the grey economy and discrimination, and to promote fair competition. The law requires the principal contractor to ensure that its contractual partners fulfill their statutory obligations.

Econia's proactive service model for combating the grey economy aims at seamless management of subcontracting chains and preventing the shadow economy.

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Advisory Services for industrial and construction projects

Through large international projects, we have grown into a respected expert providing services in compliance with the Act on the Contractor's Obligations and Liability and other responsibility issues for large construction sites and their subcontracting networks in Finland. 


Set Up Services for international companies

The business obligations of a foreign company are largely based on international tax treaties. It is necessary to find out what kind of activity the company carries out, what kind of property the company has in Finland and whether the company will have a permanent establishment in Finland.

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Tax Advisory Services

Who pays taxes to Finland and when? What is the 183 days borderline? What is progressive tax card and tax-at-source card? What about leased employees? These questions are handled by our payroll specialists in line with company´s obligations to serve our customers in the best possible way.

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Local Representative Services for posted workers

Econia acts as the official local representative of international companies towards the Finnish Authorities. Our local representation service consists of the legal archiving service and consultation in the whole content of the representation. Our service also includes notifications of posted workers  and acquiring documentation according to the Contractor´s Liability Act to ensure site access in Finland.

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Professional Employer Organisation Services

Our Professional Employer Organization (PEO) Service (also knowns as the Employer of Record (EOR)) is a turnkey service for foreign companies who have no local subsidiary in Finland. Our PEO Service offers outsourced human resource services for the customer, providing comprehensive employment services such as payroll and HR management. Hire employees worldwide with our inclusive PEO entities.

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A platform for managing the subcontracting chain

Our Sedatus platform supports the management of external labor throughout the entire project. You can manage and monitor the entire subcontracting chain from a single system, ensuring that all your partners operate reliably and in compliance with the Contractor's Obligations Act. All data, from contractor compliance documents to work permits, is centralized in one system, where automation facilitates data handling. Our expert team, combined with the Sedatus service platform, offers a unique solution.

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A pioneer in compliance

Responsible business is one of Econia's strategic priorities. We want to be the leader in sustainability in our industries, leading the way for ethical and sustainable development in financial management, HR and international business. We are a trusted partner who can also help you develop your own business sustainability and compliance.


When you are looking for a partner to develop responsible business,

contact us and let's discuss further.

Mikko Nousimaa

Commercial Director