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flag Sweden Sweden: Operating a Business

In this page: Setting Up a Company | The Active Population in Figures | Working Conditions | Cost of Labor | Social Partners

 

Setting Up a Company

Private Limited Company
Number of partners: One or more.
Capital (max/min): 50,000 SEK minimum capital.
Shareholders and liability: Liability is limited to the amount of capital contributed.
The Aktiebolag (AB) is the equivalent of a public limited company.
Number of partners: One or more.
Capital (max/min): 500,000 SEK minimum capital.
Shareholders and liability: Liability is limited to the amount of capital contributed.
The Enskild naringsidkare is an individual company.
Number of partners: Only one
Capital (max/min): No minimum
Shareholders and liability: Liability is unlimited.
The Handelsbolag or HB is a partnership.
Number of partners: 2 partners minimum
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is joint and unlimited regarding third parties.
The Kommanditbolag is a limited partnership.
Number of partners: 2 partners minimum
Capital (max/min): No minimum capital.
Shareholders and liability: Liability is limited to the amount of capital contributed, in agreement with the other partners. However, a shareholder must pledge his unlimited liability.
The Competent Organization
Swedish Companies Registration Office.
Search a Company or a Financial Report
Bolagsverket, Use the Web Service.
 
Setting Up a Company Sweden OECD
Procedures (number) 3.0 5.0
Time (days) 16.0 12.0

Source: Doing Business.

 
Business Setup Procedures
Consult Doing Business Website, to know about procedures to start a Business in Sweden.
Swedish Companies Registration Office – Bolagsverket

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The Active Population in Figures

201120122013
Labor force 5,018,0005,032,0005,107,000

Source: CIA - The world factbook

 
200920102011
Total activity rate -64.80%63.70%
Men activity rate 69.20%68.20%68.10%
Women activity rate 60.60%59.30%59.40%

Source: UN - United Nations

 
Employed Persons, by Occupation (% of Total Labor Force) 2008
Health and Social Work 15.7%
Real Estate, Renting and Business Activities 15.2%
Manufacturing 13.5%
Education 10.6%
Professional, scientific and technical activities 7.3%
Construction 6.7%
Transport and Storage 6.0%
Administrative and support service activities 4.5%
Information and communication 4.0%
Hotels and Restaurants 3.2%
Agriculture, Hunting and Forestry 2.2%
Financial and insurance activities 2.0%
Electricity, Gas and Water Supply 0.5%
Mining and Quarrying 0.2%

Source: International Labor Organization (ILO)

 
For Further Statistics
Swedish National Agency for Education
Sweden Statistics
For Further Information About the Labor Market
European employment observatory , Functioning of the Swedish job market

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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.
Labor Laws
Consult Doing Business Website, to obtain a summary of the labor regulations that apply to local entreprises.

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Cost of Labor

Minimum Wage
SEK 13,000 per month.
Average Wage
Gross average monthly wage of men: SEK 31,200 (source: ILO, 2011);
Gross average monthly wage of women: SEK 26,800 (source: ILO, 2011).
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
Unions are quite powerful in Sweden. 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) (en anglais)
Unionization Rate
71%.
Labor Regulation Bodies
Ministry of Employment

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Last Updates: October 2014