In Sweden, powers of attorney are used in representation in various situations. Some of the most common cover business setup, bank account opening, and even financial transactions.
Below, our lawyers in Sweden invite you to read how you can draft and use such a document whenever needed. You can rely on us for support in creating a power of attorney, as well as obtaining representation.
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What is a power of attorney?
The power of attorney is an official document created by a natural person or company representative and is used for designating another person to complete a procedure on his/her/its behalf. However, to be valid, a Swedish power of attorney must meet certain requirements, such as:
- the donor and the agent (representative) must be adults and are required to have full mental capacity at the moment the power of attorney is created, as well as at the time the document is used by the attorney-in-fact;
- the power of attorney must be drafted in a manner in which the donor and the agent are identified and the task to be completed is clearly stated;
- the document must also specify the duration and must be signed by both parties.
In most cases, a power of attorney must be notarized. If you need support in creating a power of attorney, our law firm in Sweden has specific forms that need to be filled out and used right away.
Types of powers of attorney in Sweden
Swedish powers of attorney can be issued for various purposes, hence the possibility to create them in several forms. The following can be drafted in this country:
- the general power of attorney, which is the most common and is often issued by natural persons to empower lawyers or other people to represent them in various situations;
- the signatory power of attorney, which is often employed by sole traders in Sweden to carry out specific actions on behalf of their business (mostly representation with the authorities);
- the manager’s power of attorney which is used by sole traders who are natural persons residing in countries outside the EU/EEA and need local representation in Sweden;
- the procuration, which is a document a company issues for representation in most business matters it must conclude.
Our Swedish lawyers can create any of the types of powers of attorney listed above and can also offer representation to natural persons (foreign or Swedish citizens) and companies.
Validity of powers of attorney in Sweden
Powers of attorney can also be categorized based on their validity. From this point of view, you can grant:
- a general power of attorney which does not have a specific validity; however, the donor will provide for its end;
- the limited power of attorney, which has an expiry date, and which is often after the agent has represented the donor.
General powers of attorney are often used in inheritance matters. For example, after writing a will, a person will also draft the power of attorney appointing the executor of the testament. You can rely on us for support in creating both documents.
Sweden, a great country to move to and open a company
Our lawyers can offer representation in various matters with powers of attorney. This is why, if you want to set up a business or move here, here is the latest data on the economy to convince you this is the right country for you:
- by the end of 2025, Sweden is expected to register a 1,1% economic growth;
- for 2026, projections are even better, with a 1,9% economic increase;
- inflation is also predicted to decelerate to 1,6% in 2026.
Among the services you can rely on us for, there is also fiscal representation. In this case, our accountants in Sweden are ready to help you with various matters.
Contact us and let us know how we can help you based on a power of attorney.