Swedish Corporate Information, Basic Information About Sweden

Below you will find a table with general basic information about Sweden and Swedish comporate information:

Information Sweden:

Location: Northern Europe, bordering the Baltic Sea, Gulf of Bothnia, Kattegat, and Skagerrak, between Finland and Norway
Capital: Stockholm
Territory: Area 449,964 sq. km
Population: 9,415,295
Currency (approx in USD): SEK (1 USD equals appr. SEK 6,75)
Climate, average max and min t°: Temperate in south with cold, cloudy winters and cool, partly cloudy summers; subarctic in north; avg. maximum temperature (July) +25°; avg. minimum temperature (January) -22°
Language: Swedish
Time: UTC/GMT +1 hour
International dialing code: + 46
History, background: A military power during the 17th century, Sweden has not participated in any war for almost two centuries. Armed neutrality was preserved in both World Wars.
Ethnic groups: Indigenous population: Swedes with Finnish and Sami minorities; foreign-born or first-generation immigrants: Finns, Yugoslavs, Danes, Norwegians, Greeks, Turks
Literacy: 99%
Government type: Parliamentary democracy
Executive branch: The Government of Sweden
Legislative branch: Swedish Constitution
Judicial branch: Sweden’s justice system
Unemployment: About 7,5% (2011)
GDP per capita rank: 21 (2011 est.)
Corruption perceptions index rank: Nr. 4 from top (9,3)
Biggest commercial banks in Sweden: Nordea, Skandinaviska Enskilda Banken (SEB), Svenska Handelsbanken and Swedbank.

Corporate Iformation Sweden:

Legal system or type of law: Scandinavian-German civil law
Types of entity: Private and Public Limited Company (aktiebolag – AB), branch of a foreign entity, partnership and sole proprietorship
Shelf companies permitted: Yes
Registry timescale for new company: Normally within four normal workweeks, depending on the workload of the Swedish companies’ register office.
Timescale for turnkey company: Shelf companies within one normal workweek, newly incorporated Swedsih companies within four normal workweeks
Company suffix: Aktiebolag, the abbreviation AB
Sensitive words: No misleading or offensive names
Local registered office: Yes
Local registered agent: No
Information to be kept at registered office: No requirements
Seal required: No
Redomicile (to, from) permitted: To all countries within EES, OECD model tax convention on income and on capital

Swedish Company Structure:

Directors

Minimum number: One plus one deputy
Residency requirements: No
Corporate director permitted: No
Meetings/frequency/location: Minimum One
Disclosure to local agent: Yes
Disclosure to public: Yes

Shareholders

Minimum number: One
Residency requirements: No
Corporate shareholder permitted: Yes
Meetings/frequency/location: Minimum One
Disclosure to local agent: Yes
Disclosure to public: Yes

Secretary

Company secretary required: No
Residency requirements: No
Qualified secretary required: No
Corporate secretary permitted: No

Shares and Share Capital

Currency: SEK
Minimum authorised share capital: 50.000
Minimum issued share capital: 50.000
Minimum paid share capital: 50.000
Standard currency: SEK
Standard authorised share capital: 50.000
Standard par value of shares: 1 SEK
Shares with no par value permitted: No
Bearer shares permitted: No

Swedish Taxes and Accounts:

Taxes

Personal tax: 30-55%
Corporate tax: 26,3%
Capital gains tax: 30%
VAT: 25%, VAT is at a rate of 25 %, a reduced VAT tax rate of 12 % or 6 % applies to food, lodgings, sporting events, print media and public transport.
Withholding tax: Normally no
Other taxes: Various
Exchange control: No
Government fee: No
Stamp duty: Property Investment

Accounts

Requirement to prepare accounts: Yes
Requirement to file Financial Statement: Yes
Publicly accessible Financial Statement: Yes
Requirement to file Annual Tax Return: Yes
Publicly accessible Annual Tax Return: No
Audit required: No, if low billings or low value of assets

Swedish Corporate Legislation:

List of laws and regulations: Aktiebolagslag (2005:551), Lag (1980:1102) om handelsbolag och enkla bolag, Inkomstskattelagen 1999:1229
Double tax treaty access: Yes
Double tax treaties network: 106 Countries
Party to the Hague Convention (Apostille): Yes
List of state regulatory authorities: Bolagsverket, Skatteverket

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