In case you are a foreign citizen and want to start a company in Sweden, you must follow certain rules and regulations that will help you reach the desired goals. Everything depends on whether you are a citizen of another EU country or you have lived in countries that are outside EU and Scandinavia.

For instance, if you are an EU citizen, you can operate a business in Sweden and you will have the same obligations and rights as other Swedish entrepreneurs. For instance, you must have a residence permit if you are not a citizen from EU country, especially if you plan to work for a longer period than three months.

People who wish to run businesses, must obtain the relevant papers that will allow them to become a part of working society. You can apply for residence permit at Swedish Migration Agency. In case you are self-employed, you are not allowed to take employment with any other employer, which is vital to remember.

By checking here, you will learn more about taxes foreign entrepreneurs must handle. The main idea is to apply at Swedish mission abroad in your native country or the country you currently live, which will offer you relevant information that will help you understand each step you must handle.

Coordination Number

You should remember that a coordination number is a unique identified that Swedish Tax Agency can assign to any individual who has never been a part of Population Register. At the same time, you can apply for a coordination number by yourself or if you have a connection with someone directly in Sweden.

It is vital to remember that if you are planning to run a business in Sweden, you can obtain the coordination number when getting approved for F-tax. The best way to reach the F-tax approval is through e-service. You can find it by checking out registration of foreign companies in Sweden or Tax application for foreign entrepreneurs.

Remember that in most situations, you must book an appointment and visit a state service center in person for identity check before a tax agency can provide you with a relevant coordination number. For instance, if you decide to stay less than six months, you will be assigned a special registration number after getting approved for F-tax.

Steps for Starting a Business

1.    Choose a Proper Business Type

One of the most important factors that will help you understand how registration landscape functions is determining the right business type depending on what you wish to do. Before starting a business, you must decide a type. The most common business type is sole trader. It means that you own, operate and is responsible for the business as a private individual.

However, you will be personally responsible for paying social insurance contribution and taxes, which are also known as personal contribution. On the other hand, you can choose other options such as limited company, which will offer you limited liability, but you must have medium to large-sized business to do it properly.

We recommend you to talk with certified lawyer or agent that will help you determine the best course of action regarding a business type, because each option comes with certain advantages and limitations. Visit this link: https://www.dailymotion.com/video/x7lox0u to learn everything about starting a business.

2.    Register a Company

The moment you agree on the best type of business and option you wish to choose, the next step is to register your company by visiting the Swedish Companies Registration Office. At the same time, the registration will protect your company’s name, meaning if you do not register, someone else may take the name you have. That is why you should be proactive.

For instance, if you are starting a limited company, limited partnership or trading partnership, you must register the company at the same place. Still, each option comes with regulations and rules you must follow, which is something you can read yourself or get advice from an expert in a field such as lawyer from Sweden.

3.    Swedish Tax Agency

Of course, if you want more information about how to start a business in Sweden, you should visit a link we shared with you. But beforehand, you must think about registering with the Swedish Tax Agency. The moment you register, you can apply for F-tax approval, which will provide you a business VAT, but you must register as an employer.

Final Word

As you can see from everything mentioned above, the process of registering your business is simple, but you must get proper licenses such as living and work permits, especially if your primary residence is outside the Europe.

Still, when you succeed in registration, you can rest assured, because Sweden is prosperous country that will allow you to reach the desired goals. Of course, you need stable business plant and financing strategy to ensure you reach everything you want.