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.
 
 
100,000 SEK minimum. 500,000 if the company brings in public savings. The capital is fully subscribed and paid-up.
no minimum
 
 
Liability is limited to the amount of capital contributed.
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.
 
 
No minimum
1
 
 
Liability is unlimited.
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.
 
 
No minimum capital.
2 partners minimum
 
 
Liability is joint and unlimited regarding third parties.
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.
 
 
No minimum capital.
1 or several partners
 
 
Liability is limited to the amount of capital contributed, in agreement with the other partners. However, a shareholder must pledge his unlimited liability.
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.

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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.

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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%

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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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