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[ESTABLISHING A BUSINESS ENTITY IN SWEDEN]
Furthermore, restrictions may apply to certain types of businesses, e.g., some non-EU companies may need to seek approval before forming or acquiring a Swedish legal entity. To summarize, we recommend offshore parties to reach out for an initial assessment at an early stage of the investment process. b. Any special business or investment visa issues? Citizens of EU and EEA countries who intend to stay in Sweden longer than three months need to be employed, self-employed, students or have sufficient means to support themselves to have the right to live and work in Sweden after the three months have passed without the need for a residence permit. Swiss citizens who wish to stay in Sweden longer than three months need to obtain a residence permit.
Citizens of other countries who intend to live and work in Sweden may need to apply for a visa. Advice should be sought regarding each specific case prior to travelling to Sweden. c. Any restrictions on remitting funds out of the jurisdictions (withholdings, etc.)? General anti money laundering rules would apply meaning potential restrictions depend, inter alia, on the receiving jurisdiction. There are some restrictions on value transfers from the company, e.g. distributions of profit, that may limit the possibility of remitting funds out of the jurisdiction in some cases, depending, inter alia, on the type of legal entity that would be remitting funds. Please consult us in advance of establishing your Swedish business if you have any questions on potential restrictions.
ILN Corporate Group – Establishing a Business Entity Series
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