Company registration in Sweden

The Kingdom of Sweden, situated in Northern Europe, encompasses the eastern and southern regions of the Scandinavian Peninsula. Although Sweden has been a member of the European Union since 1995, the Swedish krona remains its official currency.

Sweden boasts a well-developed economy, ranking among the top ten globally in terms of competitiveness and holding the 12th position as one of the most convenient international trading partners. Key industries include mining, machine building, woodworking, and hydropower. Additionally, biomedicine, IT, and design sectors are gaining prominence in the economy with each passing year. Stockholm, the Swedish capital, is renowned as one of Europe’s premier locations for launching startups in the digital technology sector. Foreign investment is encouraged, and there are no restrictions for non-resident entrepreneurs.

ADVANTAGES OF REGISTERING A COMPANY IN SWEDEN

Sweden, renowned for its stable economic and political environments, offers a reliable and promising landscape for entrepreneurial endeavours. Furthermore, the jurisdiction boasts numerous additional advantages, including:

transparency and openness of local legislation;
straightforward company registration procedures;
ease of doing business and reporting;
state-level support and openness to innovative projects;
high quality of life.

AVAILABLE TYPES OF BUSINESS ORGANISATION IN SWEDEN

Among the array of business legal structures accessible in Sweden, foreign businessmen commonly opt for the following:

Enskild firma — an individual enterprise, often favoured by start-up entrepreneurs. As a sole proprietorship is not considered a legal entity, its income is subject to income tax.
Privat Aktiebolag — a closed company with limited liability, which can be established by a single shareholder, whether a natural person or a legal entity, without specific citizenship requirements. The minimum authorised capital is SEK 100,000 (approximately EUR 9,000) and can be paid in cash or various assets.
Publikt Aktiebolag — a public joint-stock company, requiring only one shareholder for registration. The authorised capital must be at least SEK 500,000 (approximately EUR 47,000).
Handelsbolag and Kommanditbolag — an unlimited liability partnership and a limited liability partnership, respectively. Both require a minimum of two partners, who may be either Swedish residents or non-residents, to establish the company. There are no specific requirements regarding the amount of authorised capital.
Ekonomisk förening — an economic association, This specific Swedish legal entity form resembles an open cooperative enterprise. Three individuals or legal entities are required for registration.

FEATURES OF COMPANY REGISTRATION IN SWEDEN

It is necessary to compile a standard set of documents, including the personal information of the founders, a registration application, and a memorandum, along with confirmation of the deposit of the authorised capital to register a company in Sweden. Non-residents will also require an official Swedish address, although establishing a physical office is not mandatory. While it is possible to register a company without Swedish citizenship, individuals seeking to serve as directors must obtain the right to work in the jurisdiction from the National Register.

The seasoned professionals at COREDO, boasting extensive experience in this domain, will help you navigate the intricacies of registering a business in Sweden and quickly prepare all required documents.

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