Kingdom of Sweden
Sweden has been a member of the European Union since 1995.The country joined the Schengen area on December 19, 1996.
As of 2009, Sweden has ratified 74 international treaties “for the avoidance of double taxation and the prevention of tax evasion on income and capital.
About the companies:
Swedish law permits various forms of incorporation for legal entities, including limited liability companies, partnerships and joint stock companies.
The most common form of incorporation in Sweden is limited liability companies. There are two types: public limited companies and private limited companies. The minimum share capital for open joint stock companies is set at SEK 500,000 and for private companies - SEK 100,000. As a rule, a closed joint stock company - Aktielbolag (hereinafter - AB) - is chosen to register a company in Sweden.
"AB" is a separate legal entity, where the responsibility of the founders (shareholders) is limited by the amount of the authorized capital, and the responsibility of each founder (shareholder) is limited by the limits of the value of its shares.
When registering a company in Sweden, our specialists will advise you and help you choose the best option.
Requirements for setting up a company:
One shareholder or more. A shareholder can be both individuals and legal entities, both residents and non-residents. However, there are some requirements of Swedish laws, the implementation of which is mandatory in order to minimize the taxation of holding structures.
By the time of the acquisition of the company, the client needs to make a decision on whether to use the current shareholder in the future (additional service) or to change him. This procedure is carried out by us free of charge, but it takes several working days, during which amendments and additions are made to the constituent documents of the company with their subsequent registration with the relevant executive body of Finland. Also, in this case, title and other documents from the Russian Federation will be required.
Board of Directors is mandatory and appointed by the shareholders. It usually includes the chairman and his deputy, who must be residents of the European Union.
By the time of the acquisition of the company, the client needs to make a decision on whether to use their services in the future (additional service) or to change them. This procedure is carried out by us free of charge, but it takes several working days, during which amendments and additions are made to the constituent documents of the company with their subsequent registration with the relevant executive body of Sweden. Also, in this case, title and other documents from the Russian Federation will be required.
The minimum share capital is SEK 100,000 (approx. EUR 9,250 as of 2016). At the time of registration of the company, the minimum authorized capital is paid in full. After payment, the law allows the use of the specified amount at its own discretion with a minimum balance (300-400 Euro) in the bank account to reflect the profit.
Legal address of the company: in accordance with Swedish law, all legal entities must have a legal address in its territory. The legal address is acquired and confirmed by concluding a lease agreement with the lessor.
In accordance with Swedish law, VAT reporting is prepared monthly, and corporate income tax reporting (corporate tax) - quarterly. In general, it should contain information about assets, liabilities, settlements for deliveries, payments and other expenses of the company. At the end of the year, it is necessary to conduct an audit.
Maybe in a foreign bank.