A foreign company planning to do business in Sweden may establish a Swedish company in various legal entities. The most common type of company is a subsidiary of the foreign firm. However, occasionally, foreign companies may prefer to set up a branch office or a representative office. A subsidiary is a limited company, which is financially separated from the foreign parent company. A branch is a sub-office of a foreign company, with its own independent administration in Sweden. The subsidiary becomes a Swedish legal entity as soon as it has been registered in the Swedish company register at the Swedish Companies Office (Bolagsverket). A quicker alternative to form a subsidiary is to acquire a so-called off-the-shelf company. A representation office is not a legal entity and is not needed to be registered (except for the establishment of a foreign bank office). The representation office may not engage in any commercial activities other than pure marketing.
Kyllenius & Garmer assist in choosing the right form of business enterprise for establishment with consideration of tax issues and the purpose of the presence in Scandinavia. We also assist with the administration and communication with local authorities regarding company registration and maintenance. Our legal collaboration partners will be of assistance if encountering more complex legal issues.
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