GSL / Offshore and International Law / Offshore zones / Western Europe / Sweden / Legislation of Sweden

Legislation of Sweden

Service packages «Sweden-Private» Service packages «Sweden-Public» Legislation Tax System Audit Services

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List of state regulatory authorities

Swedish Companies Registration Office
Swedish Tax Agenc
Swedish Financial Supervisory Authority
Supervisory Board of Public Accountants
Patent and Registration Office
Swedish Competition Authority
Swedish Courts

Corporate info

Legal system
сivil law
Types of entity
Private and Public Limited Company (aktiebolag - AB), branch of a foreign entity, partnership and sole proprietorship
Shelf companies permitted
Yes
Incorporation timescale for a new company
4 weeks
Company suffix
"aktiebolag", the abbreviation "AB"
Sensitive words
misleading or offensive names
Cyrillic alphabet permitted in company name
No
Local registered office
Yes
Local registered agent
Yes
Information to be kept at the registered office
No requirements
Seal required, type of seal
not required
Redomiciliation (to, from) permitted
permitted within EU

Director and secretary

Minimum number of directors
2 (Director + Deputy Director)
Residency requirements for directors
Yes (at least half must be residents of EEA)
Corporate directors permitted
No
Directors’ meetings/frequency/location
Yes / annually / no requirements
Disclosure to local agent
Yes
Disclosure to public
Yes
Company secretary required
No
Residency requirements for a secretary
No
Qualified secretary required
No
Corporate secretary permitted
No

Shareholder and beneficiary

Minimum number of shareholders
1
Residency requirements for shareholders
No
Corporate shareholder permitted
Yes
Meetings/frequency/location
Yes / annually / no requirements
Disclosure to local agent
Yes
Disclosure to public
Yes
Beneficiary info disclosure to
No

Shares and share capital

Minimum authorized share capital
6000 EUR
Minimum issued share capital
6000 EUR
Minimum paid share capital
6000 EUR
Authorized capital payment deadlines
Before incorporation
Issued capital payment deadlines
Standard currency
SEK
Standard authorized share capital
50000
Standard par value of shares
1
Shares with no par value permitted
No
Bearer shares permitted
No

Taxes

Personal tax
20-52%
Min. rate for corporate tax
20,6%
Corporate tax (in detail)
The income tax rate is 20.6%
Capital gains tax
Regular rate
Capital gains tax. Details
VAT
25%
VAT. Details
The standard VAT rate is 25%. Reduced rates of 12% and 6% apply to some goods and services
Withholding tax
30%/0%/20,6%
Other taxes
Social contributions, Property tax, Commercial property tax
Exchange control
No
Government fee
No
Stamp duty
For real estate transactions - 4.25%

Accounts

Requirement to prepare accounts
Yes
Requirement to file accounts
Yes
Publicly accessible accounts
Yes
Requirement to file Annual Return
Yes
Publicly accessible Annual Return
No
Audit required
No

General information shortly

Location
Northern Europe
Total area
450.295 sq. km
Population
10 313 447 (2019)
Capital
Stockholm
National currency
Swedish krona
Conditional reduction of currency
SEK
Against USD
0.10 (2022)
Climate, average max and min t°
Temperate in south with cold, cloudy winters and cool, partly cloudy summers; subarctic in north; avg. maximum temperature (July) +25°; avg. minimum temperature (January) -22°
Time difference from Moscow
- 1 hour
Dialing code
+46
State language
Swedish
Ethnic groups
Swedes with Finnish and Sami minorities; Finns, Yugoslavs, Danes, Norwegians, Greeks, Turks
Literacy rate
99%
History
A military power during the 17th century, Sweden has not participated in any war for almost two centuries. An armed neutrality was preserved in both World Wars. Sweden's long-successful economic formula of a capitalist system interlarded with substantial welfare elements was challenged in the 1990s by high unemployment and in 2000-02 and 2009 by the global economic downturns, but fiscal discipline over the past several years has allowed the country to weather economic vagaries. Sweden joined the EU in 1995, but the public rejected the introduction of the euro in a 2003 referendum.
Credit rating
AAA
Government type
Constitutional monarchy
Executive branch
Cabinet appointed by the Prime Minister
Legislative branch
unicameral Parliament or Riksdag (349 seats; members are elected by popular vote on a proportional representation basis to serve four-year terms)
Judicial branch
Supreme Court or Hogsta Domstolen (judges are appointed by the prime minister and the cabinet)
Unemployment
8,3% (2020)
GDP per capita rank
20 (2020)
Corruption perceptions index rank
85 (2021)

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Banks of Sweden

Bank
The cost of opening an account, $
Global rating
Countrywide rating
GSL rating
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