A branch does not need capital if the parent company is based outside of Sweden and it may be possible to get tax benefits for the start up period.
All kinds of companies (with more than 10 employees) will need to keep a clerk (company secretary) and comply with Swedish accountancy regulations. Swedish based companies will need to send their accounts annually to the Bolagsverket (Swedish Companies Registration Office).
Registration of private limited company in Sweden
A Private limited liability (Aktiebolag ) is the most popular type of business among foreign investors and it is rather simple to establish and run. At least 100,000 SEK must be provided as an initial capital in order to set up a private limited liability company in Sweden. Contributions are accepted in both cash and in kind. The capital of a Swedish AB is divided into shares and one share must have a minimum value of 100 SEK. At least one managing director is necessary in a Swedish AB. If the board of directors is formed by several persons, a chairman has to be appointed.
A private limited liability company in Sweden must have a registered accountant who has to deal with several services. The accountant of a Swedish AB must issue annual reports and send those documents to the Swedish Companies Registration Office. This has to be done with eleven months after the fiscal year has ended. A balance sheet and an administration report have to be completed in Swedish every year and evaluated by a public accountant in Sweden.
To start up a company in Sweden you need to follow these steps:
- Written statement from the bank assuring that the initial amount for the shares has been paid into an account (for a limited liability company).
- Submit an application to the Swedish Companies Registration office (Bolagsverket).
- Register with the Swedish Tax Agency (Skatteverket).
- After registration at the tax office your enterprise will receive a unique corporate identity number (Oranisationummer), which will be sent to your registered company address. You will pay an annual tax on the estimated yearly profit, which is amendable during the year. With some exceptions, 25% VAT is chargeable on all goods and services.
The application to form a limited liability company is filed at the Swedish Companies Registration Office and is commonly drawn up with the help of a professional. The main documents siting at the base of such company is the articles of association, which includes all the company’s internal regulations, details regarding the shareholders and capital and an availability term in certain cases. The company’s main decisions are taken by the general meeting of the shareholders. It takes around one or two weeks following the Office’s receipt of the application for the company to be established.
Our professionals can help you with registration of a company in Sweden and will examine your needs and give advice on the management structure of the company. They will also help to arrange the documents and open a bank account for your company. All formalities may be fulfilled using email upon signing the agreement on services. The details of registration procedure and prices are discussed with each client individually.