Sweden is one of the most competitive, productive and globalized nations in the world. The country is a global leader in innovation with a highly skilled labour force, sophisticated consumers, smooth business procedures, openness to international ownership, and a stable economy.
Forward-thinking and business-friendly
Sweden has an international business environment that is modern, open and business-friendly. Skilled professionals, polished business procedures, and receptivity to international partnerships make it an easy country to operate in. Also, the Swedish corporate tax rate is low by international standards and is solely based on a company’s annual profit.
Sharp brains and open minds
Synergies generated by the close connection between Swedish universities, research institutes and the private sector leverage the R&D output. After Silicon Valley, Stockholm is the second most prolific tech hub globally. Spotify, King, Truecaller, Klarna and Mojang are just some of the Swedish startups that have received international attention in the last decade. Add to those well-known brands such as IKEA, Volvo, H&M and Ericsson and it becomes clear why Forbes has listed Sweden among the top five best countries to do business in.
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Quality and efficiency at heart
Swedish labour costs remain competitive as Sweden has one of the world’s most well-educated workforces and at the same time the most productive and hard-working. Empowerment of personnel and delegation of decision-making ensures a bottom-up, problem-solving approach that shows impressive results with regards to quality and productivity.
Full access to Europe
As part of the European Union, Sweden provides easy access to a market of 28 countries and 500 million consumers. The Nordic market only – Sweden, Denmark, Finland and Norway – makes up the 11th largest economy in the world. A large amount of multinational corporations present in Sweden has not only created an important domestic market, it has also paved the way for world-class infrastructure.
Stability and sustainability by default
Sweden’s strong public finances, sound banking system, political stability and well-performing economy make it a robust place to run a business. Sweden boasts excellent infrastructure through extensive public investments. Swedish companies are at the forefront in integrating a sustainable approach to business in their strategies and daily management.