When examining a jurisdiction in which to incorporate, the first thing to look at is the legal code. The underlying law in Sweden is civil law (scandinavian) law. You will want to get some local advice as to how to best structure a company in Sweden. E-signatures are allowed.
The abbreviation SE is for Sweden and the most common company type type in Sweden is a LLC , PLC.
The amount you'll have to wait is about 1 week to incorporate a LLC , PLC in SE. The types of currencies you can use to fund your business is often legal currency.
Yes, one is allowed to re-domicile a LLC , PLC from SE. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LLC , PLC in SE by yourself. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is permitted, up to 50% of the total equity of the company.
There is a requirement to have at least 2 directors. Speaking of shareholders, corporate directors are not permitted. Directorship information is ususally not shared with the general public. There is a requirement to have annual meetings of shareholders.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for an address which can receive a service of process on behalf of the business. However, a company secretary is not required in SE, which can save the company money if you can perform basic corporate governance internally.
There is a no requirement to file annual returns. This will not exclude the company or shareholders from additional tax or reporting obligations elsewhere and you would be wise to get personal advice on your own tax situation. On that note, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Sweden Civil Law (Scandinavian) is 50,000.
A corporate director is not permitted, meaning this country is not a good option if you are setting up a structure where you want to protect director liability.
The directors are not disclosed in the public registry of Sweden, Companies Registration Office (Bolagsverket). Shareholders are disclosed in the Companies Registration Office (Bolagsverket).
Typically companies take 1 week to setup and there are 2 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Sweden is a good option and have given it a score of 71 as an IO score, using the Incorporations.IO proprietary formula.
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