We can all agree that Sweden is a top choice for global businesses because it presents a thriving economy, top-tier culture and talent that rewards innovation. Therefore, you will get a free-market environment, culture of innovation, skilled workforce and perfect landscape to set your business and reach Europe. 

Since it features promising industries such as manufacturing, engineering, energy, software, industrial, transportation, life sciences and green solutions, you should remember that Sweden is a perfect place to do business. However, setting up your business can require both time and understanding of the regulations. 

We recommend you to check here to learn more about starting a business. Generally, Sweden has a thriving tech and startup sectors, meaning it is a home for numerous world’s leading companies in different industries. At the same time, it offers tax advantages to certain businesses, meaning it is attractive destination for investors and entrepreneurs. 

As mentioned above, Sweden is a perfect country to do business in, especially if your goal is to expand to the Nordic or Scandinavian market. It features thriving industries and sectors, meaning it is a home of numerous leading companies and industries. Sweden also has a properly developed investment landscape, meaning business-minded banks and VC firms. 

In further article, we will present you a guide that will help you start a business in Sweden as a foreign citizen. Let us start from the beginning. 

Company Formation Guide

The initial step you must make as a new entrepreneur is setting up a company in Sweden. Of course, it may seem like a simple thing to do, but you will get a wide array of legal forms and options in front of you.

The most common option is a limited company, which is both practical and popular entity for people that come from foreign countries and outside the EU. Therefore, you can use numerous advantages that will help you set up a long-term business in Sweden. It is similar as limited companies in other countries. 

Of course, you can choose a partnership too, which is a good solution for small businesses, while it is more affordable and simpler to set up than a limited company. Partnerships are not as common as limited companies, but you will get certain benefits especially if you own a small business, which is specifically focused on Swedish market. 

Generally, partners are personally liable for company losses and risks, meaning it is less appealing solution especially because it comes with certain risks you must handle. 

Another option you can choose is Limited partnership, which is formed with at least two or more partners, while one partner must be a managing entity. The managing partner is responsible for daily operations of the company and has a complete liability regarding debts. 

Other partners are known as limited partners, meaning they do not have responsibility for debts beyond the amounts they invested in. This makes the process perfect for investors who want to be involved in certain businesses but wish to limit their financial exposure. 

Even though it is important to do research on how to start a business in Sweden, you should know about branch office, which is a form of filial you can open. Generally, filial is a perfect solution for businesses that wish to ensure presence is a specific country, but are not ready to set up a full-fledge enterprise. 

A branch office is a legal entity separated from a parent company, meaning the taxation will function separately. You must find a representative in Sweden who is responsible for managing the office and filling reports to authorities. 

It is vital to remember that the most common legal forms of businesses in Sweden are partnerships and limited companies. If you are uncertain about the form of your business, we recommend you to talk with a lawyer or accountant for advice. 

Registering a Company

The moment you decide a legal form of your business; the next step is reaching Swedish Companies Registration Office. The process is straightforward and you can do it online. The main idea is to provide following info:

• Registered address and company name
• Names and addresses of all company directors and shareholders
• The company’s business activity and registered capital.
• Document that will prove that company is private or public

You must wait around two weeks to finish with the registration process, while you will receive confirmation letter once you get everything settled. At the same time, you must appoint a Swedish accountant to act on behalf of your company. The registered agent will be responsible for paying taxes and filing annual reports on behalf of your company. 

Enter this site: https://smallbusiness.chron.com/step-by-step-instructions-start-small-business-2300.html to learn how to start a small business with ease. 

Everything depends on the type of business you decide to start, but you may need additional licenses to start. Such application processes are straightforward and you can find more info on Swedish authority website or find an expert who can help you throughout the process.