Setting up a Swedish company

The state of Sweden can represent a good and profitable choice when it comes to company incorporation. The economy is stable offering plenty of incentives for foreign entrepreneurs who wish to invest here. Incorporating a Swedish company is a rapid process which can be completed in two to three weeks. The procedure of incorporation is straightforward and efficient. The taxation structure of Sweden is simple and corporate tax levels are quite low.

Preliminary activities prior to registering private and public limited liability company
Prior to registering either company type there are certain procedures that need to be surpassed. Opening a bank account is an important procedure as it is required for depositing the minimum capital before registering a company. Also choosing a company name and verifying its uniqueness must be done in order to ensure that possible law suits are prevented.

Registering private and public limited liability companies
Any company that whishes to engage in commercial activities must be registered with the Swedish Companies Registration Office and obtain a registration certificate. In order to do that the founders of a company must submit an application containing relevant information on the company and the founders along with specific documentation such as articles of association, company charter, declaration of initial share capital, legal address etc. Registering a company can also be done online through an application developed by the Swedish Companies Registration Office. The registration certificate is issued in a short period of time, or additional information is requested. Entrepreneurs may register with tax authorities simultaneously also using the online application. The registration forms are available on the Companies Registration Office website.

Setting a Swedish company from abroad
The state of Sweden welcomes foreign investment, offering a non-discriminatory environment and granting security same as for a Swedish investor. A company can be set out in Sweden through power of attorney, but the managing director and at least 50% of the director board must be residents in Sweden. However if the managing director is not a resident of Sweden the company may appoint a person, who is resident of the country to provide the required services.

How long does it take to set up a company in Sweden?
The procedures required for setting up a company in Sweden are quite few and easily done. Opening a bank account can be finished in one day, but generally it depends on the chosen bank. Registering with the Swedish Companies Registration Office and obtaining the certificate of registration is completed in two to three weeks. Simultaneously with this procedure the company founders may register with the Swedish Tax Agency.

BridgeWest offers company formation in Sweden, including virtual office and other related services.