Our lawyers in Sweden provide representation services in relation to the Companies Register.
The Swedish Trade Register is the body that local and foreign investors address for company registration in this country. However, there are also other functions it performs, including the possibility to complete searches on existing businesses and reserve trading names for legal entities.
| Quick Facts | |
|---|---|
| Representation in the relationship with the Trade Register (YES/NO) | Yes, our Swedish lawyers offer representation with the Trade Register. |
|
Main function of the Registrar |
Company registration in Sweden. |
|
Business registration steps through the Commercial Register |
– trading name reservation, – documents preparation and submission, – papers verification, – Registration Certificate release. |
| Documents required for registration |
– Articles of Association, – application form, – details of the shareholders and directors, – proof of Swedish address, – proof of share capital. |
| Possibility to verify business name before registration (YES/NO) |
Yes. |
| Company due diligence checks |
Yes, third parties can carry out searches with the Register. |
| Information about companies available with the Register |
– company names, – business registration number, – legal entity, – registered address. |
| Business registration timeframe with the Registrar |
7 to 10 working days. |
| Requirements to file annual financial statements with the Swedish Trade Registry (YES/NO) |
Yes. |
| Requirement to update alterations with the Registrar (YES/NO) | Yes, alterations must be recorded with the Registrar. |
| Updated information to be recorded |
– share capital increases/decreases, – business name and legal address changes, – business form modifications. |
| Requirement to register company dissolutions with the Register (YES/NO) |
Yes, company dissolutions must be registered. |
| Other legal entities that must be registered with the Commercial Register |
– sole proprietorships, – partnerships, – branches of foreign enterprises, – non-resident entities. |
| Other functions of the Trade Registry in Sweden |
– accepting income tax returns, – business de-registration, – issuing statistical information. |
| Applicable law(s) |
– Company Act, – Companies Ordinance, – Branches Ordinance, – Annual Accounts Law. |
Table of Contents
How to register a business in Sweden
As mentioned in the introduction, company registration in Sweden is completed through the Trade Registry. Here are the steps to complete it:
- checking and reserving a trading name;
- filing the incorporation papers or the application form in the case of sole traders;
- paying the registration fees;
- obtaining the Registration Certificate.
All types of entities must be registered with the Trade Register in Sweden, including sole proprietorships, partnerships, and associations.
Documents to be filed with the Registrar for company registration in Sweden
The list of papers to submit when registering a business in Sweden depends on the legal form chosen by the investor. Here is what you need to prepare:
- Articles of Association in the case of limited liability companies;
- partnership deed for any type of partnership;
- a standard application form in the case of sole traders alongside proof of qualifications for certain professions;
- the document indicating the Swedish legal address;
- the personal information of the shareholders and directors (where applicable), in the form of a valid ID/passport and Swedish residence permit;
- proof of depositing the share capital, in the case of limited liability companies.
Also, depending on the case, other information may be required. Our law firm in Sweden is at your service if you need assistance in preparing and filing any of the documents above. When it comes to their filing, you can grant us a power of attorney, so we can handle it.
Other functions of the Companies Registrar in Sweden
Here are all the roles of the Companies Registration Office in Sweden:
- performing searches on existing companies;
- searching business names in order to ensure unicity when reserving the desired one;
- inquiring about the company registration stage;
- registering the details of ultimate beneficial owners (when using nominee shareholders);
- obtaining certificates of registration (procedure available when expanding a Swedish business abroad, for example);
- file annual accounting reports;
- check if the annual report was submitted;
- recording alterations made to existing companies.
Any of these actions can be performed with the help of our Swedish lawyers.
Recording company modifications with the Trade Register
One of the main roles of the Companies Register is to maintain updated records of all existing businesses. As such, any modification brought to a company must be reported. Here are the mandatory ones:
- shareholding and management changes;
- legal address modifications;
- share capital alterations;
- changes in the status of a company (when it becomes insolvent or enters liquidation);
- corporate mortgages.
You can rely on our local law firm for guidance in making these changes and reporting them to the Registrar.
Processing times with the Trade Register in Sweden
If you want to know how long you have to wait for some actions that must be performed through the Companies Registration Office, here are some of the most important:
- the company registration process for a limited liability company takes 7 days;
- the registration of an association can be done within 9 days;
- business name changes take 12 days;
- replacements of shareholders, directors or auditors take 17 days to record;
- share capital alterations take 9 days to complete;
- modifications of Articles of Articles take 17 days to be recorded.
Please note that these are the response waiting times of the Registrar.
We invite you to contact us for any other information and support in company registration in Sweden.
