Sweden

General Information

Area – 447,435 sq. km

Population – 9,793,172 people

Capital – Stockholm

Official language – Swedish

Official currency – Swedish Krona (SEK)  

Key Aspects

The Kingdom of Sweden is located in Northern Europe, on the Scandinavian Peninsula, one of the most economically developed EU member states (also the member of WTO, NATO, UNO and the Council of Europe). In terms of the form of government, Sweden is a constitutional monarchy. The Kingdom is divided into 21 counties, the so-called ‘län’ each of which is divided into cities and municipalities.

Company Type

Limited Liability Partnership (Kommanditbolag – KB)

Corporate Legislation

The Companies Act (Aktiebolagslagen) 1992

Act on Branches of Foreign Companies (Lag om utlandska filialer)

Book-keeping Act (Bokforingslagen)  

Main Requirements for Company Founders

To incorporate a partnership, at least to partners are required. One partner is the general partner and the second one – the limited partner. Partners may be natural persons or legal entities, residents of any country. In our standard specification a company is incorporation with two founders, residents of offshore jurisdictions.

Authorised Capital

Payment of the authorised capital is not stipulated.

Accounting

Partnerships incorporation on the territory of Sweden must maintain accounting records. Accounts must be submitted on a yearly basis. An account costs starting at EUR 2,000.

Taxation

A corporate tax is not levied on said partnerships given that their activity is carried out outside Sweden and income is received by non-residents.

Questions that need to be answered to prepare incorporation documents

• Passport details of the beneficiary and the agent
• Copy of the ID pages of the passports of the beneficiary and agent
• Utility Bill of the beneficiary and agent
• Several preferable firm names