Doing Business with Sweden

A comprehensive guide to doing business, exporting, investing, and manufacturing in Albania.

Foreign Direct Investment with the International Trade Council / Company Incorporation / Company Formation

Business Sweden

null

Swedish Customs (Tullverket)

Tel: +46 771 520 520
Email: tullverket@tullverket.se
Web: www.tullverket.se

National Chamber of Commerce

Swedish Chamber of Commerce and Industry

Ministry of Economy Information from the International Trade Council - a Peak-body - international chamber of commerce

Ministry of Finance

Tel: +46 8 405 1000
Email: registrator@finance.ministry.se
Web: www.government.se

  • Type of Government: Constitutional monarchy and parliamentary democracy
  • Population: Approximately 10.4 million
  • GDP: Around $600 billion USD
  • Corporate Tax Rate: 20.6%
  • Personal Income Tax Rate: 0% to 57% (progressive rates)
  • Major Exports: Machinery, vehicles, pharmaceuticals, electronics, paper products
  • Major Imports: Machinery, electronics, vehicles, chemicals, crude oil

 

Exporting goods to Sweden involves several key steps. Here’s a detailed guide:

  1. Research Market Requirements

    • Understand Sweden’s import regulations and product standards.
  2. Identify Your Product’s HS Code

    • Determine the Harmonized System (HS) code for tariff and regulation details.
  3. Prepare Documentation

    • Gather necessary export documents: commercial invoice, packing list, certificate of origin, and bill of lading.
  4. Check Tariff and Non-Tariff Barriers

    • Verify any tariffs and ensure compliance with non-tariff measures.
  5. Select a Reliable Freight Forwarder

    • Choose a logistics provider experienced in shipping to Sweden.
  6. Comply with Labeling and Packaging Regulations

    • Ensure your products meet Swedish labeling and packaging standards.
  7. Arrange for Insurance

    • Secure insurance to cover potential shipping risks.
  8. Submit Customs Declaration

    • Work with your freight forwarder to submit the necessary customs declaration.
  9. Track and Confirm Delivery

    • Monitor the shipment to ensure it reaches the destination safely.

Key Contacts

Importing goods into Sweden involves several key steps. Here’s a detailed guide:

  1. Register as an Importer

    • Ensure your business is registered and has a European Union Economic Operator Registration and Identification (EORI) number.
  2. Classify Your Goods

    • Determine the Harmonized System (HS) code for your products to understand tariffs and duties.
  3. Check Import Requirements

    • Verify if your goods need specific licenses or permits under Swedish and EU regulations.
  4. Prepare Documentation

    • Gather necessary documents: commercial invoice, bill of lading, packing list, and certificate of origin.
  5. Select a Customs Broker

    • Engage a licensed customs broker to assist with the import process.
  6. Submit Import Declaration

    • File the import declaration through the Swedish Customs’ online portal.
  7. Pay Duties and Taxes

    • Calculate and pay any applicable import duties and VAT.
  8. Arrange for Cargo Clearance

    • Coordinate with your freight forwarder or customs broker for the clearance and delivery of goods.

Key Contacts

Incorporating a company in Sweden involves several key steps. Here’s a detailed guide:

  1. Choose a Business Structure

    • Decide on the type of company, such as a Limited Liability Company (AB).
  2. Register the Company Name

    • Reserve your company name through the Swedish Companies Registration Office (Bolagsverket).
  3. Draft Articles of Association

    • Prepare the Articles of Association, outlining the company’s structure and operations.
  4. Deposit Share Capital

    • For a Limited Liability Company, deposit at least SEK 25,000 in a Swedish bank account.
  5. Submit Registration Application

    • File the application with Bolagsverket, including the Articles of Association and proof of share capital.
  6. Register for Taxes

    • Register the company for VAT, employer contributions, and income tax with the Swedish Tax Agency (Skatteverket).
  7. Obtain Necessary Licenses and Permits

    • Apply for any industry-specific permits or licenses if required.

Costs

  • Registration Fee: Approximately SEK 1,900–2,200
  • Minimum Share Capital: SEK 25,000 for a Limited Liability Company

Key Contacts

  • Swedish Companies Registration Office (Bolagsverket)
  • Swedish Tax Agency (Skatteverket)

Setting up a manufacturing plant in Sweden involves several key steps. Here’s a detailed guide:

  1. Conduct a Feasibility Study

    • Assess market demand, location suitability, and resource availability.
  2. Choose a Business Structure

    • Decide on the type of business entity, such as a Limited Liability Company (AB).
  3. Register the Company

    • Register your business with the Swedish Companies Registration Office (Bolagsverket).
  4. Secure Financing

    • Arrange funding through banks or investors.
  5. Select a Location

    • Choose an industrial area with access to necessary infrastructure and resources.
  6. Obtain Necessary Permits and Licenses

    • Apply for environmental, health, and safety permits from local authorities.
  7. Design and Construct the Facility

    • Hire architects and contractors to design and build the plant according to regulations.
  8. Purchase and Install Equipment

    • Acquire machinery that meets safety and operational standards.
  9. Hire and Train Employees

    • Recruit skilled workers and provide necessary training.
  10. Set Up Supply Chain and Distribution

    • Establish relationships with suppliers and distributors.

Key Contacts

Registering a trademark in Sweden involves several key steps. Here’s a detailed guide:

  1. Conduct a Trademark Search

    • Check the availability of your trademark through the Swedish Patent and Registration Office (PRV).
  2. Prepare Your Application

    • Gather necessary details, including the trademark design and list of goods/services.
  3. File the Application

    • Submit your application to PRV, either online or in person.
  4. Pay the Application Fee

    • Confirm the current fee with PRV. Standard fees start at around SEK 2,000.
  5. Application Examination

    • PRV examines the application for compliance and potential conflicts.
  6. Publication for Opposition

    • If approved, the trademark is published for opposition, allowing others to contest it.
  7. Receive Registration Certificate

    • If no oppositions are filed, you receive the official trademark registration certificate.

Costs

  • Application Fee: Starting at SEK 2,000

Key Contacts

  • Swedish Patent and Registration Office (PRV)

Resolving commercial disputes in Sweden involves several key steps. Here’s a detailed guide:

  1. Consult Legal Counsel

    • Engage a lawyer experienced in Swedish commercial law for advice.
  2. Attempt Negotiation

    • Try to resolve the dispute amicably through direct negotiation with the other party.
  3. Mediation

    • Use mediation services to facilitate a resolution. This approach is often quicker and less costly.
  4. Arbitration

    • Consider arbitration for a binding decision. Sweden is known for its robust arbitration framework.
  5. Litigation

    • If necessary, file a lawsuit in the appropriate Swedish court. Prepare for a formal legal process.
  6. Enforcement of Judgments

    • Ensure the court’s or arbitration’s decision is enforced through the relevant authorities.

Costs

  • Legal Fees: Vary depending on the complexity and duration of the dispute.
  • Court Fees: Required for litigation and depend on the case specifics.
  • Mediation/Arbitration Fees: Vary based on the service provider.

Key Contacts

When considering doing business in Sweden, it’s important to understand various factors that can impact your operations. Here’s an overview:

Social Factors

  • Language
    • Swedish is the official language. English is widely spoken in business settings.
  • Work Culture
    • Emphasizes equality and consensus. Punctuality and efficiency are highly valued.

Cultural Factors

  • Business Etiquette
    • Formal greetings are important. Expect direct communication and respect for personal space.
  • Diversity
    • Sweden is culturally diverse, with a strong emphasis on inclusivity and sustainability.

Political Factors

  • Government Structure
    • Constitutional monarchy and parliamentary democracy with a stable political environment.
  • Regulatory Environment
    • Transparent and efficient regulatory framework. Sweden ranks high in ease of doing business.

Foreign Exchange

  • Currency
    • Swedish Krona (SEK) is the official currency.
  • Exchange Rate
    • The exchange rate is generally stable but should be monitored for financial planning.

Rule of Law

  • Legal System
    • Based on civil law. Strong protections for property rights and contract enforcement.
  • Intellectual Property
    • Robust intellectual property protections are in place.

Additional Resources

Our Members Include Leading Organizations in Sweden

Ask our Experts on Doing Business in/with Sweden

If you’re looking to do business or invest in Sweden, we can provide expert guidance, market insights, and valuable connections to help you navigate the local landscape. Contact us today to discover how we can assist in making your venture a success.