Any questions?
You may represent a foreign corporation planning to establish itself in Sweden or within the EU and are considering how to best manage the various issues that arise during the establishment process. How do you start a business in Sweden? How can you ensure that the corporate management or other key personnel can visit Sweden to assess whether it is the best country for establishment? And how can you make sure the right people within the company can come to Sweden and work here permanently?
These and many other questions are crucial to ensuring a smooth and successful business establishment. We can provide advice and practical assistance in all these areas, from starting a company and obtaining the right visas and work permits to managing the long-term employment and relocation of key personnel.
Our expertise spans the entire process, and we can help navigate Swedish and international regulations, making it easier for you to make well-informed decisions while ensuring that all legal and administrative requirements are met efficiently. Whether it’s registering the company, obtaining the appropriate permits for business visits, or ensuring key personnel can work and reside in Sweden long-term, we are here to guide you through every step and help ensure your establishment is a success.
What sets us apart from others who assist with visa and work permit applications is our unique specialization. We possess specialized knowledge to support foreign corporate groups when establishing a company in Sweden and hiring employees from their own group within the new Swedish company.
We handle the following on your behalf:
If you represent a foreign company planning to establish itself in Sweden and need the opportunity to hire people from your own group, you’ve come to the right place.
To learn more about starting a company in Sweden, click here.
When a newly established Swedish company wants to hire staff from countries outside the EU, certain additional requirements must be met.
Here is the translation:
When a newly established Swedish company wants to hire staff from countries outside the EU, insurance and proof of financial ability are important aspects that must be met. Here is a closer explanation:
2. Proof of Financial Ability: To hire staff from countries outside the EU, the company must prove that it has sufficient financial resources to pay wages and fulfill the employer’s obligations. This means:
◦ Financial Stability: The company must be able to show that it has enough income and capital to hire and pay wages, employer fees, and other employment-related costs for the foreign employee. This can be proven through the company’s financial statements, annual reports, or bank statements showing good financial health.
◦ Salary Protection and Employment Conditions: The company must prove that the salary offered to the foreign employee meets Swedish requirements, i.e., it is market-based and follows any collective agreements if such exist. The employer must also show that the working conditions comply with Sweden’s statutory requirements.
◦ Capital Proof: In some cases, the company may need to prove that it has sufficient own capital in the form of liquid funds in a Swedish bank account to cover both wages and other costs that may arise in connection with the employment. This is especially important for startups, which may have less experience hiring staff and need to demonstrate they can handle the financial burden.
In summary, both the right insurance and proof of the company’s financial ability are required to hire staff from countries outside the EU. This ensures both the rights and protection of the employee and that the company has the necessary resources to comply with Swedish laws and regulations.
We have many years of experience in establishing new companies, managing their administration, accounting, and reporting to relevant authorities in the form of various types of VAT, payroll, customs, corporate income tax, and more. Therefore, we are well-equipped to handle all the different challenges that may arise when establishing a business in Sweden and hiring foreign staff.
As an employer looking to hire labor from countries outside the EU, you should consider the following:
As an entrepreneur, you may find that the specific skills and talent you need are not easily accessible within the EU. In such situations, recruiting skilled professionals from outside the EU may be necessary to meet your business needs. However, it’s important to know that almost all of these individuals will require a work permit to be legally employed in Sweden. Navigating the work permit process can be complex, as it involves various legal requirements, including the type of work, qualifications, and compliance with both Swedish and EU immigration laws. Ensuring that your international hires receive the appropriate permits is crucial for a smooth and legal hiring process, which ultimately contributes to the success of your business operations in Sweden.