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Company formation in Sweden
Comprehensive assistance in company formation, including banking services
How to form a company in Sweden
1
Document submission
You submit to us necessary documents of the future founders and directors for the purposes of company formation in Sweden and opening a bank account in Sweden
2
Payment of services
Payment of our services for company formation in Sweden and/or bank account assistance in Sweden
3
Company formation
We register a new company in Sweden for you. Upon completion of the registraion corporate documents are either delivered to you or submitted to a bank for the subsequent opening of a bank account
4
Bank account opening
In case you request an assistance with a bank account, we arrange an interview at the bank for you, inform you about the date of the visit and accompany you on your way to the bank. After the bank account is opened and active you receive corporate documents of the formed company as well as the access to the bank account
Key aspects to consider prior to forming a company in Sweden
Interest withholding tax rate is 0%.
1. Founders of a company in Sweden can either be resident or non-resident in Sweden. Founders can be either individuals or legal entities.
2. A resident or a non-resident individual can be a director in Sweden. However, it is required to set up a company in Sweden with a resident individual or an EEA resident individual as one of its directors.
3. One individual can be simultaneously a shareholder and a director in a company in Sweden if such company is registered as a AB (a limited liability company).
4. There is no requirement for creating substance in Sweden - no need to hire local employees or rent an office in order to establish a company in Sweden or to conduct business in Sweden.
5. Minimum share capital that is required to register a company in Sweden as a AB (a limited liability company) is SEK 25,000.
6. Information about company founders, shareholders and directors after a company registration in Sweden is complete is publicly available in the state corporate register.
7. A company in Sweden can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Stockholm for 1 day in order to open a corporate bank account.
2. A resident or a non-resident individual can be a director in Sweden. However, it is required to set up a company in Sweden with a resident individual or an EEA resident individual as one of its directors.
3. One individual can be simultaneously a shareholder and a director in a company in Sweden if such company is registered as a AB (a limited liability company).
4. There is no requirement for creating substance in Sweden - no need to hire local employees or rent an office in order to establish a company in Sweden or to conduct business in Sweden.
5. Minimum share capital that is required to register a company in Sweden as a AB (a limited liability company) is SEK 25,000.
6. Information about company founders, shareholders and directors after a company registration in Sweden is complete is publicly available in the state corporate register.
7. A company in Sweden can be registered remotely, on the basis of a power of attorney. It is necessary for the director of the new company to travel to Stockholm for 1 day in order to open a corporate bank account.
Cost of services
Formation of a AB
Timeframe - 12 business days
Timeframe - 12 business days
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Advantages of forming a company in Sweden
Attractive business-environment
- Access to major EU markets
- Access to the Gulf of Bothnia, to the North Sea and to the Baltic Sea allows to establish maritime trade
- Open and innovative economy
- Stable economic growth
- Highly-qualified workforce
- Low inflation
Stability and security
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
Tax benefits
- Interest withholding tax rate is 0%
- Multiple double tax treaties
No foreign exchange controls
- Sweden state regulations do not impose foreign exchange controls. Individuals and business-entities, either resident or non-resident in Sweden may open bank accounts in local banks in any currency
Ease of establishing and doing business
- Remote company formation in Sweden is available
More about Sweden
The Kingdom of Sweden is located in Northern Europe on the Scandinavian Peninsula. Sweden has a territory of 450,295 square kilometers. Sweden has access to the Gulf of Bothnia, to the Baltic Sea and to the North Sea. Sweden borders Denmark, Finland and Norway. The capital city of Sweden is Stockholm, the largest city and the location of key government institutions.
Sweden has a population of 10,5 million people.
Sweden has a population of 10,5 million people.
Official currency of Sweden is Swedish krona (SEK).
Sweden has a highly developed export-oriented mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy with a heavy emphasis on foreign trade. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and appliances, forestry, iron and steel. Sweden further develops engineering, mine, steel, and pulp industries, which are competitive internationally. Engineering sector amounts to 50% of total output and exports, while telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Economy of Sweden is characterised by a large, knowledge-intensive and export-oriented manufacturing sector, by an increasing, business service sector and by a large public service sector.
The GDP of Sweden grew by 5.1% in 2021 and amounted to USD 635.6 billion. Tertiary sector makes up 65.3% of the GDP of the country, followed by industry sector at 22.01%, agriculture at 1.35%.
In terms of foreign trade the largest exports of the country are petroleum oils, machinery, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals, military armaments, medicaments, electrical equipment, communication equipment, furniture, fish.
Imports of Sweden consist of cars and vehicles, electrical equipment, consumer goods, optical equipment, parts of motor vehicles, plastics, furniture, food products.
Primary trading partners of Sweden are Norway, Germany, United Kingdom, Netherlands, Denmark, Finland, Poland, USA, China, Begium, Italy and France.
Sweden has a highly developed export-oriented mixed economy. Timber, hydropower and iron ore constitute the resource base of an economy with a heavy emphasis on foreign trade. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and appliances, forestry, iron and steel. Sweden further develops engineering, mine, steel, and pulp industries, which are competitive internationally. Engineering sector amounts to 50% of total output and exports, while telecommunications, the automotive industry and the pharmaceutical industries are also of great importance. Economy of Sweden is characterised by a large, knowledge-intensive and export-oriented manufacturing sector, by an increasing, business service sector and by a large public service sector.
The GDP of Sweden grew by 5.1% in 2021 and amounted to USD 635.6 billion. Tertiary sector makes up 65.3% of the GDP of the country, followed by industry sector at 22.01%, agriculture at 1.35%.
In terms of foreign trade the largest exports of the country are petroleum oils, machinery, motor vehicles, paper products, pulp and wood, iron and steel products, chemicals, military armaments, medicaments, electrical equipment, communication equipment, furniture, fish.
Imports of Sweden consist of cars and vehicles, electrical equipment, consumer goods, optical equipment, parts of motor vehicles, plastics, furniture, food products.
Primary trading partners of Sweden are Norway, Germany, United Kingdom, Netherlands, Denmark, Finland, Poland, USA, China, Begium, Italy and France.
International business expands to Sweden and incorporates a company in Sweden primarily for:
Restricted for foreign entrepreneurs are the following sectors:
- renewable energy
- wholesale and retail trade
- energy
- transport
- life science
- digital technology
- R&D
- construction and infrastructure
- datacenter industry
- battery tech
- manufacturing industry
- IT
- maritime services
- seafood sector.
Restricted for foreign entrepreneurs are the following sectors:
- defense industry
- television
- telecommunications and radio
- air transport
- postal services.
- Corporate income tax - 20.6%. Tax returns are filed on an annual basis. Advance income tax payments are made on a monthly basis
- Dividend withholding tax - 30%
- Interest withholding tax - 0%
- Royalties withholding tax - Standard tax rate 20.6%
- Capital gains tax - 20.6%
- VAT - Standard tax rate 25% or reduced rates from 0% up to 12% or tax exempt. Tax returns are filed on a monthly, a quarterly or an annual basis
- Personal income tax - from 20% up to 36%.
Apart from such traditional business entity types as a private limited company (Privat Aktiebolag - AB) and a public limited company (Publikt Aktiebolag - AB) corporate law in Sweden offers to establish a business as:
1. General partnership (Handelsbolag - HB)
2. Limited partnership (Kommanditbolag - KB)
3. Economic association (Ekonomisk Förening)
4. European company (Societas Europaea)
5. Branch office (Filial)
To receive a detailed description of the company formation procedure in Swedeb and information about documents necessary for company formation in Finland please contact our experts.
1. General partnership (Handelsbolag - HB)
2. Limited partnership (Kommanditbolag - KB)
3. Economic association (Ekonomisk Förening)
4. European company (Societas Europaea)
5. Branch office (Filial)
To receive a detailed description of the company formation procedure in Swedeb and information about documents necessary for company formation in Finland please contact our experts.
Send a request for company formation in Sweden
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London, EC1V 2NX
Phone: +44 20 8157 4037
Email: request@pil-services.com
