How long does it take to start a business in Sweden?

Registration typically takes two to three weeks, depending on documentation and any required permits.

Are there specific licenses for certain industries?

Yes, sectors like financial services, healthcare, food, and education may require special licenses.

What’s the cheapest business structure for foreigners in Sweden?

The cheapest business structure for foreigners in Sweden is the sole trader (Enskild Firma), which costs SEK 1,100 to register. However, this option does not provide liability protection, unlike an Aktiebolag (AB), which requires SEK 25,000 in share capital.

How do I register a business in Sweden as a foreigner?

To register a business in Sweden as a foreigner, you must reserve your company name with Bolagsverket and submit required documents such as a notarized passport and, for an AB, Articles of Association. Registration is completed online via Verksamt.se, where you also apply for tax and company identification numbers.

Can I open a business bank account in Sweden without residency?

You can open a business bank account in Sweden without residency, but most traditional banks require an in-person visit and company documentation. Non-residents often use fintech options like Revolut Business for digital account setup.

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How to start a Business in Sweden as a Foreigner

Q: Do I need a residence permit to start a business in Sweden as a non-EU citizen?

Yes, non-EU citizens must get a residence permit from the Swedish Migration Agency before starting a business.

Q: What are the steps to register a company in Sweden?

Choose a business structure, prepare documents, register with Bolagsverket and Skatteverket, deposit share capital, and open a business bank account.

Q: Do I need a Swedish resident director?

Yes, at least 50% of the board must reside in the EEA. Scandicorp can provide a local director if needed.

Start or Expand Your Business in Sweden with Scandicorp

Sweden offers a strong economy, modern tech scene, and a welcoming business climate. If you seek stability, innovation, and access to the European market, Sweden is an excellent choice.

Scandicorp helps international entrepreneurs set up and run businesses in Sweden. Our team offers expert legal, financial, and operational guidance to simplify the entire process.

Why Sweden?

Stable and Strong Economy — Sweden supports innovation and technology and offers a skilled workforce. Learn more about Sweden’s competitive edge.
Innovation and Green Tech Hub — Sweden leads in sustainability, green energy, healthcare, and digital innovation.
Ease of Doing Business — Clear rules, digital tools, and government support make starting up easy.
Strategic Location — Access to the Nordics, EU, and global markets via top infrastructure.
High Quality of Life — Great work-life balance attracts world-class talent.

Step-by-Step: Starting Your Business in Sweden

1. Choose Your Business Structure

Private Limited Company (AB) — Limited liability, great for SMEs.
Public Limited Company (AB Publ) — For companies aiming to go public.
Sole Proprietorship — Simple but full personal liability.
Branch Office — Extension of a foreign company.

Tip: Scandicorp can help you decide what structure fits best.

2. Register Your Business

You must register with:

Bolagsverket — Swedish Companies Registration Office
Skatteverket — Swedish Tax Agency

Required steps:

Choose a company name
Provide director/shareholder info
Pay share capital (SEK 25,000 for AB)

3. Apply for Permits and Licenses

Industries like finance, food, and healthcare may need licenses. Scandicorp can help you identify requirements.

4. Set Up Your Finances

Open a Swedish business bank account, handle accounting, VAT, and understand corporate taxes.

5. Understand Employment Laws

If hiring staff, comply with Swedish employment laws including contracts, rights, and workplace safety.

Residence Permit for Non-EU Citizens

Non-EU citizens need a residence permit from the Swedish Migration Agency before starting a business. Processing time is usually within 3 months.

Registering Your Business: What to Expect

Reserve your business name
Submit company documentation
Deposit share capital
Register with Bolagsverket and Skatteverket

Once approved, you’ll receive your company ID number and can start trading.

What You’ll Need to Succeed

Business plan
Legal and tax knowledge
Financial planning
Swedish market marketing
Local partners

Scandicorp can support you in all these areas.

Taxes and Compliance

Sweden’s corporate tax is 22%. Businesses must handle VAT, auditing, and regular reporting.

No withholding tax on outbound interest
Clear capital gains and dividend rules
Many tax treaties and EU protections

Why Choose Scandicorp?

Experts in supporting foreign entrepreneurs
Full-service setup: legal, accounting, management
Local directors and registered offices
Long-term partnership focus

Special Requirements for Foreign Entrepreneurs

50% of the board must reside in EEA — we provide local directors
You can be sole shareholder but may need a permit to operate locally
Opening a bank account is complex — Scandicorp offers help

How Long Does It Take?

Registration: ~2–3 weeks
Licenses: varies by sector
Business can operate immediately after registration

Government Support for Startups

Grants & loans: Vinnova, Almi, Tillväxtverket
Tax benefits: no withholding tax, capital gain exemptions
Scandicorp helps connect you to incubators and networks

Getting in Touch

To learn more or get started, email us at info@scandicorp.com or call +46 8 600 31 57.

Our team is ready to help you build your business in Sweden.

Frequently Asked Questions

What are the steps to register a company in Sweden?

Choose a business structure
Prepare necessary documents
Register with Bolagsverket
Register for taxes at Skatteverket
Open a bank account and deposit share capital

What business structures are available?

Private Limited Company (AB)
Public Limited Company (AB Publ)
Sole Proprietorship
Partnerships (HB, KB)
Branch Office (Filial)

Do I need a Swedish resident director?

Yes — at least 50% of the board must be EEA residents. Scandicorp can provide local directors if needed.

What’s the most affordable business structure?

Sole proprietorships (SEK 1,100) are cheapest but offer no liability protection. AB requires SEK 25,000 in capital.

Can I open a business bank account without residency?

Yes, but Swedish banks usually require in-person visits. Many foreign entrepreneurs use fintech solutions like Revolut Business.

For more info, visit our Corporate Fact Sheet.