Open A Branch In Sweden

Introduction to setting up a Swedish branch

Sweden offers a stable economy and various financial incentives to foreign investors looking to move into the country’s business market. Establishing a Swedish branch company must be done within the regulations set by the Act on Branches of Foreign Companies (Lagen om utländska filialer). Any EU or EEA company may establish a branch in Sweden without restriction.

 

What are the formalities regarding Swedish branches?

  • A copy of the parent company’s Certificate of Incorporation
  • A copy of Memorandum & Articles of Association of the parent company
  • A copy of the parent company’s Certificate of Good Standing
  • Special authorisation is needed if the parent company’s board of directors mainly, or only, consists of non EEA citizens
  • A managing director of the branch with authorised POA

The documents above are required in order for branch registration with the Swedish Companies Registration Office (Bolagsverket) and to obtain a corporate identity number.

All required documentation must be notarised and translated into Swedish by a sworn translator.

What are the accounting requirements for a Swedish branch?

The branch must register with the Swedish Companies Registration Office (Bolagsverket) for taxation purposes.

Both the branch and parent company must keep separate accounting records and the branch must file separate annual accounts with Bolagsverket. These accounts must be checked by a certified public accountant. Requirements for non-EEA companies may differ.

Branches with more than 3 employees and a net turnover exceeding 3 million kronor are required to have audited accounts.

In accordance with the Foreign Branch Offices Act accounts must be drawn up or translated into Swedish, but the Bolagsverket also accepts English, Danish and Norwegian documents.

For further information on accountancy and tax rates in Sweden, please contact us.

 

What office facilities are available when registering a branch?

The two main types of office available in Swedish are as follows:

  • Virtual offices – provide off-site communication through telephone, fax and mail forwarding facilities to maintain business professionalism
  • Serviced offices  – are ready for immediate occupation by the branch and provide all necessary business services

 

Branch formation packages

Every aspect of branch formation can be managed by us on your behalf. Our accomplished team can provide a branch formation package including services such as the registration of VAT and provision of an office, so you can leave the complete formation procedure up to us.

We have a wealth of experience on the requirements of European formation that can also support you in setting up multiple branches. You can enjoy the advantages that come with registering multiple branches, i.e. increased exposure and new business, while we organise everything for you.

 

For further information please send an enquiry or contact us using the form below.

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The information and any commentary on the law contained on this website is provided for information and guidance purposes only. Every reasonable effort is made to make the information and commentary accurate and up to date, but no responsibility for its accuracy and correctness, or for any consequences of relying upon it is assumed by Open A European Company, its directors , employees or associated websites.

The information and commentary on Open A European Company’s site does not, and is not intended to amount to legal advice to any third party on a specific case or matter. You are strongly recommended to obtain specific, direct legal advice from professional advisers whether these be your own advisers or those that appear on the OpenAeuropeancompany.com site. You should consider taking advice both in the country in which you are domiciled and in the country in which you are seeking to open a company. and not to rely on the information or comments on this site.

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