ABOUT SWEDEN

Amongst all the countries in Europe, Sweden is the largest Nordic country by area and the most populous country in the Nordic region. The capital of Sweden is Stockholm, which is the largest city and the most populated urban area in the country. According to the report of the World Bank, Sweden has been classified as a High-Income Economy. The currency of Sweden is Swedish Krona (SEK) and the value of Indian currency is significantly lower than that of Swedish Krona (approximately 1 SEK = 7.9 INR at the time of writing this article). The population of Sweden is approximately 1.05 crores as of 2025. The neighboring countries of Sweden are Norway, Finland, and Denmark (via the Öresund Bridge). The most commonly spoken language in the country is Swedish, with a high proficiency in English also common. The majority of the Swedish population is non-religious or adheres to the Church of Sweden (Lutheran), but other religions are also practiced. Currently, there are several international airports in Sweden, with Stockholm Arlanda Airport being the largest. Regular flights are available from these airports to various parts of the world, offering excellent air connectivity. Sweden has an extensive coastline along the Baltic Sea, with numerous commercial seaports like Gothenburg, Helsingborg, and Stockholm, which are crucial for its international trade requirements.

The standard corporate tax rate for companies in Sweden is 20.6%. Opesh Group of companies will be helping you in completing the Due Diligence process which includes financial planning, registration process, business options, and if required, even helping you find a Rental property for your office.

Establishing a business in Sweden has to be done with utmost care keeping in mind the laws of the country. The Swedish Companies Act (Aktiebolagslagen) and other relevant legislation provide clear guidelines for foreign investors to register a company in Sweden. A foreign investor who is planning to start a business in Sweden can form various types of companies, such as an Aktiebolag (AB – Limited Liability Company), Enskild firma (Sole Proprietorship), Handelsbolag (HB – Trading Partnership), or Kommanditbolag (KB – Limited Partnership). An Aktiebolag (AB) formed and registered in Sweden allows foreign investors to own 100% of the company.

In case an investor is planning to establish an AB in Sweden, Opesh Group will be helping you in taking the right decision for setting up your business in Sweden and we will also guide you about how to follow the procedure while formulating your company in Sweden.

Types of Business which can be started in Sweden-

Information and Communication Technology (ICT) – Sweden is a global leader in innovation and technology, with a thriving ICT sector, particularly in software development, cybersecurity, AI, gaming, and telecommunications. Opportunities abound for tech startups, R&D centers, and IT services. Renewable Energy and Green Technologies – Sweden is highly committed to sustainability and renewable energy, with significant investments in wind power, hydropower, bioenergy, and smart grid solutions. This sector offers vast opportunities for technology development, project implementation, and sustainable solutions. Life Sciences and Healthcare – Sweden has a strong tradition in medical research, biotechnology, and pharmaceuticals. Opportunities exist in drug development, medical technology, digital health solutions, and specialized healthcare services. Automotive Industry – While known for established brands, Sweden’s automotive sector is highly innovative, particularly in areas like electric vehicles, autonomous driving, and automotive software. Opportunities include component manufacturing, R&D, and related tech services. Manufacturing (Advanced) – Sweden excels in advanced manufacturing, including engineering, machinery, and industrial equipment, driven by high levels of automation and R&D. Opportunities exist in high-tech production and smart factory solutions. E-commerce and Retail – With a digitally savvy population and high internet penetration, Sweden has a well-developed e-commerce market. Opportunities include online retail platforms, logistics, and digital marketing services. Tourism and Hospitality (Sustainable) – Sweden offers diverse natural beauty, from pristine forests and lakes to the Arctic north, attracting tourists seeking nature, adventure, and sustainable travel. Opportunities exist in eco-tourism, unique accommodations, and responsible travel services. Fintech – Stockholm is emerging as a significant fintech hub, with strong innovation in payments, banking, and financial technology. Opportunities exist for startups and established companies in this rapidly evolving sector.

Advantages of Starting Business in Sweden-

Sweden is consistently ranked among the most innovative, competitive, and sustainable economies globally, providing a robust and forward-looking business environment. It offers a highly skilled, educated, and English-proficient workforce, with a strong emphasis on technology, research, and development. Sweden has a stable political system, transparent legal framework, and low levels of corruption, ensuring a predictable and secure environment for investments. As a member of the European Union, Sweden provides direct access to the vast EU single market, facilitating trade and business operations across the continent. The country has world-class infrastructure, including advanced digital connectivity, efficient transportation networks, and reliable energy supply. Sweden is a leader in sustainability and green technology, offering a supportive ecosystem for businesses focused on environmental solutions and responsible practices. There is a strong culture of innovation and entrepreneurship, with ample support systems for startups and R&D initiatives.

Business Opportunities for Indians in Sweden-

There are excellent business opportunities in Sweden for new investors who are planning to expand their operations abroad, particularly in high-tech, innovation-driven sectors. Sweden, with its advanced economy and strong focus on sustainability, offers a sophisticated market. Indian investors can explore vast business opportunities in areas such as ICT, renewable energy, life sciences, and advanced manufacturing. These sectors are experiencing significant growth and are actively seeking international collaboration and investment.

Imports & Exports-

The imports and exports business is a crucial component of Sweden’s open economy. Thorough research and development are vital to identify suitable products for import or export and to assess market revenue potential.

Major items which are exported from Sweden to India-

Machinery and transport equipment (telecom equipment, automotive parts) Chemicals and pharmaceutical products Iron and steel Paper and pulp products Mineral fuels and lubricants

Major items which are imported in Sweden from India-

Textile and apparel products Machinery and mechanical appliances Pharmaceutical products Chemicals Agricultural products (e.g., coffee, tea, spices) Mineral fuels and lubricants

Manufacturing-

Indian companies can look into advanced manufacturing opportunities in Sweden, especially those involving automation, high-tech components, and sustainable production methods. This could include automotive parts, industrial machinery, or specialized electronics.

Information and Communication Technology (ICT)-

Given Sweden’s leadership in ICT, Indian IT and software companies can find significant opportunities for partnerships, R&D centers, and providing services in areas like AI, cloud computing, cybersecurity, and fintech solutions.

Renewable Energy and Green Tech-

With Sweden’s strong commitment to green technologies, Indian companies specializing in renewable energy solutions (solar, wind, bioenergy), waste management, or sustainable industrial processes can find fertile ground for investment and collaboration.

Life Sciences and Pharma-

Indian pharmaceutical and biotech companies can explore opportunities in R&D collaboration, drug manufacturing, or medical technology development in Sweden, leveraging its strong life sciences ecosystem.

Major Indian companies which are currently working in Sweden-

Infosys (IT Services) Wipro (IT Services) Tata Consultancy Services (TCS) (IT Services) Tech Mahindra (IT Services) L&T Technology Services (Engineering and R&D services) Mahindra & Mahindra (present through automotive collaborations)

GDP = $645.7 billion (2024 est.) GDP Growth = 2.0% (2024 est.) Ease of doing business rank = Not applicable (World Bank EoDB index discontinued; high rankings in global competitiveness/innovation indices) GDP per Capita = $60,939 (2024 est.)

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