Business Administration in Sweden
Overview by Globlatrade.net:
Setting Up a Company
Legal Business Entities
| Types of Companies and Capital (Max/Min) | Number of Partners/Shareholders and Liability | Registration Fees |
|
The Aktiebolag (AB) is the equivalent of a public limited company.
|
no minimum
|
Statutes edition costs: EUR 540-970. Registration to the Bolagsverket:EUR 184. Registration certificate: EUR 16 for all types of businesses and EUR 27 for a certificate in foreign languages: English, German and French. |
|
The Enskild näringsidkare is an individual company.
|
1
|
Statutes edition costs: EUR 540-970. Registration to the Bolagsverket:EUR 184. Registration certificate: EUR 16 for all types of businesses and EUR 27 for a certificate in foreign languages: English, German and French. |
|
The Handelsbolag or HB is a partnership.
|
2 partners minimum
|
Statutes edition costs: EUR 540-970. Registration to the Bolagsverket:EUR 184. Registration certificate: EUR 16 for all types of businesses and EUR 27 for a certificate in foreign languages: English, German and French. |
|
The Kommanditbolag is a limited partnership.
|
1 or several partners
|
Statutes edition costs: EUR 540-970. Registration to the Bolagsverket:EUR 184. Registration certificate: EUR 16 for all types of businesses and EUR 27 for a certificate in foreign languages: English, German and French. |
- Business Setup Procedures
-
Registration procedures only concern the AB. Articles of Association must be drawn up in Swedish. They are composed of the Memorandum of Association and the Articles of Association.
Registering a company requires the production of the minutes of the constitutive meeting and the certificate of the Swedish bank attesting the deposit of the minimum amount of share capital. Filing the Articles of Association and registration must take place at the Companies Register (Patent och Registreringsverkert, PRV Bolag).
Subsidiaries of foreign companies must also be registered with the Companies Register. Documents to be presented are certified copies of the Articles of Association of the foreign company and a document attesting the identities of the directors. - The Competent Organization
- Swedish Companies Registration Office.
- Search a Company or a Financial Report
-
Bolagsverket, Use the Web Service.
Working Conditions
- Legal Weekly Duration
- 35 or 40 hours
- Retirement Age
- 65
- Working Contracts
-
The work contract is governed by legal measures and to a lesser degree by collective agreements and individual negotiation.
The work contract is generally a permanent contract, but fixed-term contracts may be signed under certain conditions.
For further information, click here.
Cost of Labor
- Minimum Wage
- 13 000 SEK/month full time (1 700 EUR)
- Average Wage
- 19 150 SEK for men and 17 410 SEK for women (2002).
- Social contributions
-
Social Security Contributions Paid By Employers: 33 %
Social Security Contributions Paid By Employees: 6.95%
Social Partners
- Social Dialogue and Involvement of Social Partners
- Collective agreements are very important in Sweden and they cover most workers. Social dialogue happens only between employers and employees. However, a Commission or a State may be a third party in the negotiations. If the two parties do not come to an agreement, it is the Commission or the State which will decide, and this encourages the parties to find an agreement.
- Unions
-
LO (Landsorganisationen I Sverige)
TCO (Tjanstemannens Centralorganisation)
- Unionization Rate
- 79.2% in 2005.
- Labor Regulation Bodies
-
Ministry of Employment
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