Quick Summary. Located in Europe’s Nordic region, Finland shares a border with Sweden, Russia and Norway. Officially the Republic of Finland, Finland is a parliamentary republic.
Finland obtained independence in 1917. Finland consists of five regions and approximately 310 municipalities, with a capital at Helsinki.
The Constitution of Finland provides for a representative democracy through its parliamentary republic, which established a unicameral Parliament of Finland (Eduskunta). The President serves as the head of state.
Finland’s legal system is a civil law system with an independent judiciary.
Finland implemented hybrid mismatch rules and mandatory reporting pursuant to the EU Directive on cross-border tax arrangements.