Doing Business in Sweden
Business environment • Northern Europe • Member of the European Union • Not part of the Euro zone • 9.5 million people
Investment Incentives • Extensive double tax treaty network, >80 • Tax exemptions on capital gains and dividends from business related shares • No exchange controls • Losses can be carried forward indefinitely
Taxes and fees Corporate • Income tax rate from year 2013: 22.0 % • Strong connection between financial income and taxable income • Social costs are paid only by employer
Limited liability company • Most used form • In Swedish = Aktiebolag, AB • Share capital approx 6,000 Euro / 8,000 USD • Off-the-shelf solution - an easy way to start • Half of the board members must be resident within the EEA – may apply for exemption • Normally no personal liability for shareholders
Real Estate • Uncomplicated procedure for investing in commercial and industrial property • No restrictions on foreign ownership • The Swedish Land Register - all properties in one register - owner, location, mortgages, easements etc • Sale of property through legal entities - reduces transaction costs - exempt from capital gains tax
The Swedish people • Directness • Flat structure and low levels of hierarchy • Consensus and compromise • Reserved • Coffee breaks!
Caisa Westin Authorized Public Accountant Partner +46 (0) 31 778 33 21 +46 (0) 70 628 04 62 cwn@frejs.se www.frejs.se
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