{"id":61,"date":"2023-06-09T12:03:01","date_gmt":"2023-06-09T12:03:01","guid":{"rendered":"https:\/\/lawyerssweden.com\/?p=61"},"modified":"2023-10-02T06:19:51","modified_gmt":"2023-10-02T06:19:51","slug":"open-a-business-in-sweden","status":"publish","type":"post","link":"https:\/\/lawyerssweden.com\/open-a-business-in-sweden\/","title":{"rendered":"Open a Business in Sweden"},"content":{"rendered":"\n<p>Sweden is one of the most prolific economic in Northern Europe. With modern facilities offered to the general population and businesses, a great infrastructure and a steady economy, Sweden is a great place to set up a company in.<\/p>\n\n\n\n<p>Those who want to&nbsp;<strong>start a business in Sweden<\/strong>&nbsp;will find the procedure quite easy, as most of the steps can be completed online. With the help if our&nbsp;<a href=\"https:\/\/www.lawyerssweden.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>lawyers in Sweden<\/strong><\/a>, the preparation and filing of the documents will help them establish the desired type of entity in the shortest time possible.<\/p>\n\n\n\n<p>Below, we invite you to find out how to&nbsp;<a href=\"https:\/\/www.lawyerssweden.com\/open-a-company-in-sweden\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>open a business in Sweden<\/strong><\/a>&nbsp;and how we can help you.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/lawyerssweden.com\/open-a-business-in-sweden\/#what-to-consider-before-you-start-a-business-in-sweden\" title=\"What to consider before you start a business in Sweden\">What to consider before you start a business in Sweden<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/lawyerssweden.com\/open-a-business-in-sweden\/#company-registration-steps-in-sweden\" title=\"Company registration steps in Sweden\">Company registration steps in Sweden<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/lawyerssweden.com\/open-a-business-in-sweden\/#share-capital-requirements-when-setting-up-a-business-in-sweden\" title=\"Share capital requirements when setting up a business in Sweden\">Share capital requirements when setting up a business in Sweden<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/lawyerssweden.com\/open-a-business-in-sweden\/#how-easy-is-it-to-start-a-business-in-sweden\" title=\"How easy is it to start a business in Sweden?\">How easy is it to start a business in Sweden?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/lawyerssweden.com\/open-a-business-in-sweden\/#hiring-employees-in-sweden\" title=\"Hiring employees in Sweden\">Hiring employees in Sweden<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/lawyerssweden.com\/open-a-business-in-sweden\/#appealing-investment-sectors-in-sweden\" title=\"Appealing investment sectors in Sweden\">Appealing investment sectors in Sweden<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/lawyerssweden.com\/open-a-business-in-sweden\/#taxation-in-sweden\" title=\"Taxation in Sweden\">Taxation in Sweden<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"what-to-consider-before-you-start-a-business-in-sweden\"><\/span><strong>What to consider before you start a business in Sweden<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before you decide to&nbsp;<strong>open a company in Sweden<\/strong>, there are several aspects to consider which can be revealed with the help of a market research. Then, you will need to select the right entity under which you will conduct your operations.<\/p>\n\n\n\n<table class=\"redTable\">\n<thead>\n<tr>\n<th>&nbsp;Quick Facts<\/th>\n<th>&nbsp;<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>&nbsp;Types of local companies<\/td>\n<td>\n<p>&#8211; sole trader,<\/p>\n<p>&#8211; limited partnership,<\/p>\n<p>&#8211; trading partnership,<\/p>\n<p>&#8211; private limited liability company,<\/p>\n<p>&#8211; public company<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>&nbsp;Legal forms available for foreign companies<\/p>\n<\/td>\n<td>\n<p>&#8211; subsidiary,<\/p>\n<p>&#8211; branch,<\/p>\n<p>&#8211; liaison office<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p>&nbsp;Minimum number of shareholders<\/p>\n<\/td>\n<td>\n<p>At least one shareholder is required for any corporate entity created in Sweden.&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Minimum number of directors<\/td>\n<td>\n<p>&#8211; 2 directors for a private company,<\/p>\n<p>&#8211; 3 directors for a joint stock company&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Resident director required (YES\/NO)<\/td>\n<td>\n<p>&nbsp;Yes, at least one EU\/EEA or Swedish director is required to open a business in Sweden.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Local legal address required (YES\/NO)<\/td>\n<td>\n<p>&nbsp;Yes, any local company must have a registered address in Sweden.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Minimum share capital<\/td>\n<td>\n<p>&#8211; approx. EUR 5,620 for a private company,<\/p>\n<p>&#8211; around EUR 56,200 for a public limited liability company&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Local bank account required (YES\/NO)<\/td>\n<td>\n<p>&nbsp;Yes, it is necessary to open a bank account in Sweden for any type of company.<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>Business registration steps&nbsp;<\/td>\n<td>\n<p>&#8211; documents drafting,<\/p>\n<p>&#8211; documents filing with the Trade Register,<\/p>\n<p>&#8211; tax and VAT registration,<\/p>\n<p>&#8211; registering as an employer&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Registration documents<\/td>\n<td>\n<p>&#8211; application form,<\/p>\n<p>&#8211; Articles of Association for limited liability companies,<\/p>\n<p>&#8211; shareholders details,<\/p>\n<p>&#8211; directors details,<\/p>\n<p>&#8211; proof of legal address,<\/p>\n<p>&#8211; bank account opening certificate&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Visit required for incorporation (YES\/NO)<\/td>\n<td>\n<p>A visit may be required to complete certain formalities, such as the opening of the bank account.&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Taxes to pay<\/td>\n<td>\n<p>&#8211; income tax,<\/p>\n<p>&#8211; value added tax,<\/p>\n<p>&#8211; social insurance premiums,<\/p>\n<p>&#8211; employer contributions&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Corporate tax rate<\/td>\n<td>\n<p>21%&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Advantages of opening a company in Sweden<\/td>\n<td>\n<p>&#8211; quick registration procedure;<\/p>\n<p>&#8211; access to a steady business market;<\/p>\n<p>&#8211; access to advanced technologies;<\/p>\n<p>&#8211; skilled labor force, etc.&nbsp;<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>&nbsp;Business registration support (YES\/NO)<\/td>\n<td>Yes, you can rely on our lawyers in Sweden for support in setting up a business.&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<p>Here are the main types of legal forms you can register in Sweden:<\/p>\n\n\n\n<ul>\n<li>the sole trader which is suitable for those interested in operating as single entrepreneurs;<\/li>\n\n\n\n<li>the trading partnership which is a flexible non-corporate entity that can be established by at least 2 members;<\/li>\n\n\n\n<li>the limited partnership which must also have at least 2 members with different degrees of responsibility towards the business;<\/li>\n\n\n\n<li>the private limited liability company which by far the preferred legal entity created by local and foreign investors in Sweden;<\/li>\n\n\n\n<li>the public limited liability company which is suitable for large projects;<\/li>\n\n\n\n<li>the association that can be created for non-profit purposes.<\/li>\n<\/ul>\n\n\n\n<p>If you are interested in&nbsp;<strong>starting a business in Sweden<\/strong>&nbsp;<strong>as a foreigner,&nbsp;<\/strong>we recommend the limited liability company which is easy and simple to set up, but also offers increased protection in case bankruptcy.<\/p>\n\n\n\n<p>Our&nbsp;<strong>law firm in Sweden<\/strong>&nbsp;is at your service with detailed information on what it means to register a company from a legal point of view.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"company-registration-steps-in-sweden\"><\/span><strong>Company registration steps in Sweden<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>A local or foreign investor who wants to&nbsp;<strong>start a business in Sweden&nbsp;<\/strong>must complete the same steps. These are:<\/p>\n\n\n\n<ol>\n<li>draft the necessary documents in accordance with the selected business form;<\/li>\n\n\n\n<li>file the paperwork with the Swedish Trade Register;<\/li>\n\n\n\n<li>register with the&nbsp;<a href=\"https:\/\/www.skatteverket.se\/servicelankar\/otherlanguages\/inenglish.4.12815e4f14a62bc048f4edc.html\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Tax Authority in Sweden<\/strong><\/a>;<\/li>\n\n\n\n<li>obtain a VAT number (the procedure can be completed the same time with the tax registration);<\/li>\n\n\n\n<li>register as an employer and apply for the necessary business permits and licenses.<\/li>\n<\/ol>\n\n\n\n<p>If you want to&nbsp;<strong>open a business in Sweden<\/strong>&nbsp;and need guidance, our local lawyers are at your disposal with personalized services. These can also include assistance in applying for a residence permit if you are a foreign citizen who wants to relocate to Sweden in order to run your company.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"share-capital-requirements-when-setting-up-a-business-in-sweden\"><\/span><strong>Share capital requirements when setting up a business in Sweden<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>If you want to&nbsp;<strong>start a business in Sweden<\/strong>, one of the most important things to consider is the minimum share capital required. If for simple business forms such as sole proprietorships and partnerships the law does not impose a specific amount, this is not the case of limited liability companies.<\/p>\n\n\n\n<p>In the case of a private company, the minimum share capital according to the Swedish Company Law is around 5,620 euros, while in the case of a public company, the law imposes at least 56,200 euros as a share capital.<\/p>\n\n\n\n<p>These are usually the most employed business forms when it comes to foreign investors coming to Sweden.<\/p>\n\n\n\n<p><strong>Starting a business in Sweden<\/strong>&nbsp;<strong>as a foreigner<\/strong>&nbsp;is simple and fast if you decide to use our&nbsp;<a href=\"https:\/\/www.lawyerssweden.com\/debt-collection-in-sweden\"><strong>services<\/strong><\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"how-easy-is-it-to-start-a-business-in-sweden\"><\/span><strong>How easy is it to start a business in Sweden?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Starting a business in Sweden<\/strong>&nbsp;is considered an easy procedure, mainly because of a low bureaucracy and a straight forward process that consists in few steps, most of them being achieved via internet, through an online platform put in service by the Swedish authorities.<\/p>\n\n\n\n<p>You must firstly open a bank account in which you must deposit the mandatory share capital, then you must submit an application to the Swedish Companies Registration Office in order to obtain the registration certificate (the entire procedure may be done online) and finally you have to go to the Swedish Tax Agency, procedure which must be done two weeks before starting your activity.&nbsp;&nbsp;<\/p>\n\n\n\n<p>After you start your business and you want to hire employees you must be aware of the law\u2019s provisions in this field, otherwise you risk your company\u2019s legal and financial compliance with the Swedish rules and regulations, situation which may lead to a bad reputation, fines and even&nbsp;<a href=\"https:\/\/www.lawyerssweden.com\/close-a-company-in-sweden\"><strong>compulsory closing<\/strong><\/a>.<\/p>\n\n\n\n<p>If you want to&nbsp;<strong>start a business in Sweden<\/strong>, you can rely on our law firm for assistance with accounting and&nbsp;<a href=\"https:\/\/www.lawyerssweden.com\/virtual-office-sweden\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>virtual office services<\/strong><\/a>. Our accounting services are available to businesses in many industries. Because we specialize on various industries, our&nbsp;<strong>accountants in Sweden<\/strong>&nbsp;are knowledgeable about the most recent tax laws and are aware of the technology and bookkeeping techniques that are most useful for your business. To receive specialized accounting support and guidance, please contact us.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"hiring-employees-in-sweden\"><\/span><strong>Hiring employees in Sweden<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Any person entitled to work in Sweden is also entitled to register with the Agency for Employment (Arbetsf\u00f6rmedlingen). This procedure can be done on-line, via the official site of the Employment Agency.&nbsp;<strong>Starting a business in Sweden<\/strong>&nbsp;<strong>as a foreigner<\/strong>&nbsp;is as easy as it can be with the support of our local law firm.<\/p>\n\n\n\n<p>There are two different forms of employment contract:<\/p>\n\n\n\n<ul>\n<li><strong>Permanent employment contract, where there is no&nbsp;<\/strong>end date for the employment period. A Swedish employer has the right to sign a probation period in connection with a permanent contract.&nbsp;A probationary period may be up to six months and may be discontinued at any time during the probationary period without having to give any particular reason for it.&nbsp;The employer needs to provide information at least two weeks in advance if they want to terminate the probation period. With the help of our specialists, you can&nbsp;<strong>set up a company in Sweden<\/strong>&nbsp;in just a few days.<\/li>\n\n\n\n<li>The&nbsp;<strong>temporary contract&nbsp;<\/strong>is the other type of employment and it lasts until the date that has been determined in advance.<\/li>\n<\/ul>\n\n\n\n<p>Once you are registered as an employer you must report payroll taxes and tax deducted each month.&nbsp;When you do not pay salary for any single month of the year, you can notify the Tax Agency and you do not need to declare the remaining months.<\/p>\n\n\n\n<p>The Swedish law does not provide a minimum salary<strong>,<\/strong>&nbsp;but the minimum income is negotiated and decided by collective agreements for each branch. If you are planning to&nbsp;<strong>open a company in Sweden<\/strong>, do not hesitate to ask for the business registration services offered by our lawyers.&nbsp;<\/p>\n\n\n\n<p>We are at your service if you want to&nbsp;<strong>start a business in Sweden.<\/strong><\/p>\n\n\n\n<p>Sweden is a fruitful place to&nbsp;<strong>start a business<\/strong>, as its economy is characterized as a market economy with a comprehensive tax-funded sector and redistribution of income. Sweden is a developed country and one of the world&#8217;s richest countries.<\/p>\n\n\n\n<p><strong>Starting a business in Sweden<\/strong>&nbsp;<strong>as a foreigner<\/strong>&nbsp;is not difficult and our lawyers can help you during the entire procedure.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"appealing-investment-sectors-in-sweden\"><\/span><strong>Appealing investment sectors in Sweden<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Main industries in Sweden include services, forestry, industry and iron mining. Other industries of great importance are agriculture with main agricultural products such as wheat, potatoes, sugar beets, cattle and fish, machinery, paper, wood products, iron, steel, road vehicles as well as electronics and telecommunications products, which represent the major export products for the Swedish economy. Our lawyers are at your disposal if you want to&nbsp;<strong>open a company in Sweden<\/strong>&nbsp;and need assistance.<\/p>\n\n\n\n<p>The Swedish economy is very strongly oriented towards export and foreign trade, as exports in recent years have accounted for over 50% of GDP.<\/p>\n\n\n\n<p>The Swedish capital of Stockholm, the Stockholm Stock Exchange and several banks headquarters represent the leading financial center of the Nordic Region.&nbsp;<\/p>\n\n\n\n<p><strong>Start a business in Sweden&nbsp;<\/strong>now and obtain all the benefits that come with having a company in this country.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"taxation-in-sweden\"><\/span><strong>Taxation in Sweden<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here are the main taxes to consider when&nbsp;<strong>opening a company in Sweden<\/strong>:<\/p>\n\n\n\n<ul>\n<li>the corporate tax levied at a rate of 20.6%;<\/li>\n\n\n\n<li>the value added tax imposed at a standard rate of 25%, however, lower rates are also available (12% and 6% for certain goods);<\/li>\n\n\n\n<li>branch offices will be taxed at the same 26% corporate tax rate as local companies;<\/li>\n\n\n\n<li>Sweden does not levy any withholding tax on dividends.<\/li>\n<\/ul>\n\n\n\n<p>If you decide to&nbsp;<strong>open a company in Sweden<\/strong>, you can rely on our lawyers, so do not hesitate to&nbsp;<a href=\"https:\/\/www.lawyerssweden.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>contact us<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Those who want to start a business in Sweden will find the procedure quite easy, as most of the steps can be completed online. <\/p>\n","protected":false},"author":1,"featured_media":195,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9,21,20,16,22],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Start a Business in Sweden - Tailored Assistance<\/title>\n<meta name=\"description\" content=\"If you want to start a business in Sweden as a foreigner, our lawyers can help you. 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