START YOUR OWN COMPANY IN SWEDEN

Before starting a business in Sweden or registering a company in Sweden, you need to decide on the type of business. Depending on the form of business chosen, different rules apply regarding taxes, fees and authorization. Below are the common organizational and legal forms of enterprises.
REQUIREMENTS FOR STARTING COMPANY
Certificate of registration of the company;
Resume showing previous work experience (preferably related to the profile of the company being opened);
Detailed business plan, proving that the firm will be viable and will provide not only the livelihood of the founder, but, ideally, jobs;
Marketing research confirming that there is a demand for your services / goods in Sweden and that the activity will be profitable;
Bank statement confirming that the applicant has enough funds for housing and food for two years, while he will put the company on its feet;
Receipt for payment of the state duty of 2000 kroons to the Migration Service;
Planned annual report and the annual balance sheet - drawn up according to the rules of document circulation in Sweden (they are helped to calculate and draw up completely free of charge at the Center for Entrepreneurship - Nyföretagarcentrum).
DECIDE ON THE BUSINESS TYPE
The most common types of companies, by type of ownership, are two: enskild firma and aktiebolag (abbreviated AB). The first is an individual entrepreneur and the second is a joint stock company. There is a significant difference between them.
Enskild firma – individual enterprise
The easiest option for those who start alone and from scratch. An individual entrepreneur is actually not a legal entity, that is, the tax authority will not consider the owner's personal finances separately from the company finances. Accordingly, if the company has debts, they will be completely under the responsibility of its owner. Conveniently, when registering, you do not need start-up capital and company charter. The bookkeeping in this case is pretty simple. You can act as an individual entrepreneur if there are no cases of bankruptcy or debts in your credit history. It is worth remembering that individual entrepreneurship is not the most profitable form in terms of taxation. If things go well and the amount of profit for the year exceeds 700,000 SEK, then it is better to re-register the company as a joint stock company (AB) in order to pay less taxes.
Aktiebolag (AB) – joint stock company
Aktiebolag (AB) is a joint stock company. It is a legal entity. A start-up capital of 50,000 SEK is required. You will need a company agreement and founders (you can act as a founder yourself). Unlike an individual entrepreneur, funds cannot be simply withdrawn from the company's account if necessary. They should be formalized as a salary to an employee (or to yourself) or posted as company expenses. The capital of a joint stock company can exist not only in monetary form, but also in the form of inventory, equipment, etc. - commercial value. Half of the minimum starting capital investment - 25,000 SEK - is allowed to be used for the needs of the company: for example, to purchase computers, order a website or for marketing.
Do you need assistance?
We are here to help you!
We will advise you and help you to evaluate the current market situation, according to your needs and background. We will assist you with the necessary information and guide you through the process. If you need a consultation regarding existing companies in Sweden available for purchase, you are welcome to contact us and book and online appointment: info@fintegra.se
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