Sweden’s labor force of 4.6 million is disciplined, well educated, and experienced in all modern technologies. About 71 percent of the workforce belongs to labor unions. Swedish unions have helped to implement business rationalization, and strongly favor employee education and technical progress. Management labor cooperation is generally excellent and non-confrontational.
Sweden is the leading country of the EU nations in regard to innovative ability, according to Innovation Union Scoreboard 2010. This is an annual report by Pro Inno Europe.
Stockholm, the capital of Sweden, is the world leader in areas of innovation, health, and security according to a new study from PwC and Partnership for New York City. Stockholm climbs five places in the rankings and ends up as number four in total.
Sweden has an impressive track record as a leading supplier of innovative solutions and products in a wide range of industry sectors on a global scale. The Swedish culture is open-minded and readily embraces new ideas and technologies.
In Sweden, you get access to the prospering domestic and Scandinavian markets, but also the world’s largest free-trade market – the European Union – with 27 countries and 500 million consumers. The country is known for adopting new technologies and setting new consumer trends.
Easy to do business
Sweden is the Most Respected Country in the WorldReputation Institute Releases Results of its 2010 Country Reputation Study.
Effective Government offers a favorable environment for doing business, run by an effective government, adopted progressive social and economic policies, and a responsible participant in the global community
• Advanced Economy – produces high-quality products and services, an inventive country, technologically advanced, an important contributor to global culture
• Appealing Environment – a beautiful country, an enjoyable country, offers an appealing lifestyle
Sweden a country people will recommend as a place to visit, invest, live and work,” says Nicolas Trad, Managing Partner of Reputation Institute, a global, private advisory firm specializing in corporate reputation management.
Sweden has an international business environment, modern, open minded and business-friendly. Sweden has skilled professionals, easy business procedures and open to international partnerships, Sweden is an easy country to operate in. To start a company in Sweden is quick and straightforward. Information about the process and necessary forms are readily available online and in English.
Empowerment of personnel and delegation of decision-making ensures a bottom-up; problem-solving approach that shows impressive results with regards to productivity. Sweden has a long track record of very high productivity, even though there are generous labor regulations regarding vacations, parental leave etc.
Sweden is a prime location for centralized market operations in Northern Europe. And the preferred choice for regional headquarters and multi-country distribution centers, contact centers and shared service centers. It is the only country that offers 24-hour distribution to all major destinations in the region, with advanced distribution and communication infrastructure from ten logistics hubs.
Education and Training
The Swedish education system enjoys a very good international reputation. Virtually any Swede has ample knowledge of foreign languages and especially English. Exceptional study programs and in-house training have created a successful climate between students and the local trade and industry. University and high-school education is readily available in the region.
Highly skilled labor, high female participation in the workforce and a consensus on economic restructuring, Sweden has a good platform for a globalized world. The workforce participation of elderly people is high. Workplace education and training, a delegation of authority, and inclusion in decision-making helps spur innovation and growth.
Research & Development
Sweden’s science infrastructure is world-class. High investment in higher education and basic research has propelled Sweden to a prime position among European economies in terms of university enrollment, workforce skills and R&D. Synergies generated by the close connection between Swedish universities, research institutes and the private sector further leverage the R&D output. R&D conducted by multinationals in Sweden exceeds the volume of publicly financed R&D three-fold.
Sweden hosts an excellent infrastructure. It outperforms any other European country. Extensive public investment ensures a nationwide network of roads, railroads, waterways, harbors, and airports. The challenging exposure to hot summers as well as arctic winters have contributed to high quality and reliability in building and construction, transportation and communications.
Attractive corporate taxation
Sweden is one of the most competitive locations for corporate taxation in Europe. This is confirmed in comparative surveys and in the analysis by international tax consultants. Besides offering an attractive package, Sweden’s corporate tax system is transparent and enables easy access to information. The national tax authority is efficient and service-minded. A number of online services save the investor time and money. A number of tax advantages
Here are examples of the advantages a foreign investor may benefit from:
- No foreign exchange control
- Low corporate tax rate
- Extensive tax treaty network
- Dividend participation exemption
- No Swedish tax liability on outbound interest payments
- No debt/equity limitations
Quality of life
The quality of housing, education, and healthcare in Sweden is excellent. Sweden offers good scope for balancing a career with family life and work with leisure. Sweden has long been distinguished for its environmental work and for pioneering reductions of air and water pollution. In most parts of the country, there is plenty of free space and easy access to outdoor activities.
What are the best places to retire to in Sweden?
Some top places you could consider retiring in Sweden are:
What are the visa requirements?
Requirements for American and Australians retirees
Americans and Australians planning to stay for more than three months, they’ll have to apply for a Schengen visa
EU Nationals are allowed to stay in Sweden for unlimited periods of time. However, they must register with local authorities once their visit exceeds 90 days.