How to start a business in Sweden in 2024 - 10-step process

[@BubenCode]

Thanks for a very helpful and informative and energetic video!!!

[@bh3302]

This was amazing, thank you so much! It would be awesome to see more videos about the topic. Also, your energy and enthusiasm is 10/10 😄

[@NirajWaghela-b4v]

Great informative video 🙌🏼 well done!

[@shorifhossain5773]

Hey, like your video. Love to see more videos in details

[@erikaledesma2744]

Thanks🎉🎉

[@jacyndadarmawan7121]

Very clear and informative video! Thank you Frankie 🙌

[@Imbatman177]

This is so much easier than in the U.S… aside from the agony of dealing with the bank process anyway

[@ting5280]

Thank you for making such a useful video! I am also interested in the sole trader company set up as a freelencer!

[@frankieleoh]

I made a video about setting up your sole trader business in Sweden, check it out here: kzbin.info/www/bejne/h3KnpHeLbcqhmKcsi=a0hxpk0sVd0lMY7m

[@belylove3872]

Which 😊 business ideas are best for Sweden

[@fridasverige]

What an animated video. I enjoyed it! Question. You do need to have a personnummer before step one, correct? Aka you can't just start a biz as a visitor to the country?

[@frankieleoh]

At least 51% of your business partners/shareholders need to be Swedish residents (so yes, those would have to have a personnummer) in order to register as a limited liability company (aktiebolag) in Sweden. The other 49% of company shareholders can be from other countries (they just need to submit a passport copy & birthdate with the application on Verksamt.se)

[@fridasverige]

@@frankieleoh Thanks!

[@Abhishek-ju7wm]

Please make a full video of the registration

[@frankieleoh]

Will try to release one soonish!

[@Dragonfruit-888]

Hey, Yes. Can you make a video on how to be a sole trader in Sweden.

[@frankieleoh]

Hi! I made a video about setting up your sole trader business in Sweden, check it out here: kzbin.info/www/bejne/h3KnpHeLbcqhmKcsi=a0hxpk0sVd0lMY7m

[@Dragonfruit-888]

@@frankieleoh TY ♥️

[@KaterynaSoroka-zw3rp]

Hi, thanks for your video, really interesting🔥 video about self-employed/freelancers pleaasee🙏🏻

[@frankieleoh]

That's coming out next! 😄

[@travelvideos]

Interesting. I guess you also need to consider cost of accounting and liquidation fees if wanted to close company. Sometimes people open business for few deals and then forget. Then tax office will start hunting them down for unsubmitted annual reports.

[@frankieleoh]

Yes, definitely, you need to have your accounting in order if you close the business at any point, of course!

[@anilkumaryerukumajji4342]

Hi Franky, Currently I'm doing software engineer since 2023 in Sweden, I'm interested in doing farming in sweden, what is the procedure and what needs to start here?

[@frankieleoh]

Hi, if you would like to pursue farming, it really depends on the scale of your operations - is it as a hobby or own-consumption, or do you want to make it into a for-profit business? For the former, you don't need to do anything other than start. For the later though, you might require some agricultural or farming permits, depending on the kinds of things you want to grow, where you have your land, how you acquire said land, how much of it you own, and how and to whom you intend on selling your products. This is especially relevant if you also will own cattle for making milk, cheese, etc. I recommend you look at the specifics for your own situation directly on this website: jordbruksverket.se/utveckla-foretagande-pa-landsbygden Good luck with your endeavour!

[@anilkumaryerukumajji4342]

@@frankieleoh Thanks for the reply😊

[@parthkadiya219]

Can I do small business in parallel to my job ? Without affecting my job working hours... Is it legal to do both parallallly for foreign people?

[@frankieleoh]

You definitely can do both (legally speaking), however, there are employers that limit what you can do outside of your full-time job. My advice is that you read your employee contract very well before signing anything because many tech or consulting companies that I know in Stockholm (for example) will have a clause that "forbids" you from taking on what they consider "side projects" that according to them "distract you from the work / compete with your full-time job". Be aware of those clauses because they are limiting what you do OUTSIDE of your 9 to 5. Good luck!

[@michaele.abdulsamad4206]

What happens to the 25000sek you deposit in the bank.. in the case that the business registration process didn't work out successful at the agency ?

[@frankieleoh]

It's rare for the registration to not be approved if you meet all the requirements for registering a business in Sweden. Regardless, I believe that if they don't end up approving it, you need to notify the bank official of your rejection from Bolagsverket and then they just return the money to your personal account.

[@lostrund]

Can foreigners register LLC in Sweden?..

[@hirushanmenuka4636]

You are performing so attarctive .I am from Srilanka. we are plaing to migrate to sweden as student. Can i start a buisness like this vsa also. i have a business on my base country so i like to grow in this on sweden also

[@frankieleoh]

Thank you for your comment! As a student, as long as you enroll in a min 2-year degree here you will get a personnummer. With a personnummer, you can start a business like mine (aktiebolag). For specific questions in regards to your visa requirements, talk to Migrationsverket's agents at www.migrationsverket.se/Kontakta-oss.html. Good luck!

[@The_Family_Diaries]

Hi.... Do we need to hire an accountant.. Is if mandagory

[@frankieleoh]

Hi @_the_mind_coach_ whether you need to hire an accountant depends on the current stage of your start-up and whether you have the right skillset to handle all of the bookkeeping yourself without extra help. Typically in the first 1 to 2 years of your business in Sweden you might not need one. But it really depends so I suggest you check out the following resource in order to make that decision: verksamt.se/en/setting-up/webinars/setting-up Good luck!

[@Rohitsingh-db4cr]

Hi Franky ..Thank you so much for this video .Can I get a phone no. of you for a quick call? a lots of queries in my mind.

[@frankieleoh]

Hi @Rohitsingh-db4cr and thank you for watching! Unfortunately I do not do private consultations over the phone but if you would like to book a 1:1 video call with me, feel free to do so through my website: franleonardo.com/my-services

[@NirajWaghela-b4v]

Great informative video 🙌🏼 well done!