Thanks for info in video , please need more info about the minimum taxes /month or monthly governmental fees since any new company will not get any profit at Least for the 1st year
I believe that idea that swedes willingness to start new businesses is a result of the welfare system and peoples willingness to take risks is over exaggerated. I’ve never heard business partners and young entrepreneurs in Sweden mention that as a reason. The reason is instead the solid educational system, which creates strong, creative, innovative and independent individuals, together with the beneficial business climate created by governments over the last three decades. The fact that higher education is free also creates a large population of entrepreneurs and professionals. The Swedish business model, where everyone is free to speak up, be creative and come up with ideas, promotes innovation and dedicated employees.
The Scandinavian countries have the best social permeability in all of Europe. I would argue that countries like Germany, France or Switzerland have similar or higher standards of Education but still lower tendencies to start business. There is research showing the very positive effect of the social security system in Sweden on the capability to take or accept risk.
A key reason, that is not often mentioned, is that salaries in Sweden are very compressed, meaning very few high earners (and also few low earners) combined with high marginal tax rate on high income. Therefore if you want to become rich as an employee, it's very difficult in Sweden compared to for example the UK. This means entrepreneurship is the much more viable path to obtaining wealth.
@@seanlive6975 I’m not sure I’m entirely with you on that. Sweden has the highest number of billionaires per capita in the world, if you don’t count the small tax haven nations where rich people move to avoid tax. But yes, I see your point.
Hi Oliver, I really liked your video. I'm the head of operations of a tech startup in India. We also have registered our first overseas branch with Bolagsverket in Malmo, Sweden. We're planning to expand our business to Nordic Market. However, as a startup, we have very limited capital to spend on expansion strategies. Do you have any suggestions? Or would you be interested in helping us expand our business to the Nordic market? Thanks
These are products in demand in Europe. But you need excellent quality and no traces of chemicals. If you want to discuss a business case please feel free to drop me an email.
@@ravindraranatunga I have no experience in agriculture but there will be European Union regulations and standards that you would have to conform with. My recommendation is to search the European Union and European Commission homepages for the relevant regulations. However, if you're not a multimillionaire, I would advise you to get an European partner with a EU registered company. The reason is "product liability laws". This is how it works; if I import your products from Sri Lanka and redistributes it through EU I will hold the legal liability within the EU. If there's a problem I can of course start up legal process in Sri Lanka against you, But because of the costs and delays I would not get into that position. So if you're not a multimillionaire, get a partner or form a joint venture within EU that can handle the paperwork and do the marketing.
@@nilselgenstierna3282 I will try small quantity like air flight .Sri Lanka government help me for export I am not multi millionaire I can supply any spicy 🔥
Nice video. Question for you. Is there any tax on the funds you bring into Sweden to start up a business as a partner in an AB company with a Swedish citizen?
@@AskMeStartUp There is no capital or inheritance tax in Sweden: However there is a 21% tax on the profits in your company, paid by the company, and there is a 30% capital gains tax on the dividends you pull out of the company. The capital gains tax also apply to profits gained when selling your shares in the startup with a profit. Depending on what country you live in the capital gain tax can be arbitrated if you pay capital gain tax in your country of residence. All depending on bilateral agreements between Sweden and your country.
Thanks for info in video , please need more info about the minimum taxes /month or monthly governmental fees since any new company will not get any profit at Least for the 1st year
There is no easy answer to your question. I guess the best thing you can do is ask a Swedish tax expert. Cheers
I believe that idea that swedes willingness to start new businesses is a result of the welfare system and peoples willingness to take risks is over exaggerated. I’ve never heard business partners and young entrepreneurs in Sweden mention that as a reason. The reason is instead the solid educational system, which creates strong, creative, innovative and independent individuals, together with the beneficial business climate created by governments over the last three decades. The fact that higher education is free also creates a large population of entrepreneurs and professionals. The Swedish business model, where everyone is free to speak up, be creative and come up with ideas, promotes innovation and dedicated employees.
The Scandinavian countries have the best social permeability in all of Europe. I would argue that countries like Germany, France or Switzerland have similar or higher standards of Education but still lower tendencies to start business. There is research showing the very positive effect of the social security system in Sweden on the capability to take or accept risk.
A key reason, that is not often mentioned, is that salaries in Sweden are very compressed, meaning very few high earners (and also few low earners) combined with high marginal tax rate on high income. Therefore if you want to become rich as an employee, it's very difficult in Sweden compared to for example the UK. This means entrepreneurship is the much more viable path to obtaining wealth.
@@seanlive6975 I’m not sure I’m entirely with you on that. Sweden has the highest number of billionaires per capita in the world, if you don’t count the small tax haven nations where rich people move to avoid tax. But yes, I see your point.
Hi Oliver, I really liked your video. I'm the head of operations of a tech startup in India. We also have registered our first overseas branch with Bolagsverket in Malmo, Sweden. We're planning to expand our business to Nordic Market. However, as a startup, we have very limited capital to spend on expansion strategies. Do you have any suggestions? Or would you be interested in helping us expand our business to the Nordic market?
Thanks
It seems like childcare and healthcare aren’t free but paid for by the citizens
well its paid through taxes, and hence are not dependent on your income
Thanks
Thank you🙏🏻 glad you liked it.
I want to start a dropshipping business in Sweden, do they make payment or is it cash on delivery, and do they speak English fluently
Sweden is a Cashless society. English is no Problem at all.
@@AskMeStartUp thank you for your reply
Any video on denmark businesses opportunities
Of course ruclips.net/video/xaS0AoV3SEs/видео.html
I am from Sri Lanka can you advise business idea
I can sure help you. What are your strengths?
I can supply cinnamon, spice,ect
These are products in demand in Europe. But you need excellent quality and no traces of chemicals. If you want to discuss a business case please feel free to drop me an email.
@@ravindraranatunga I have no experience in agriculture but there will be European Union regulations and standards that you would have to conform with. My recommendation is to search the European Union and European Commission homepages for the relevant regulations. However, if you're not a multimillionaire, I would advise you to get an European partner with a EU registered company. The reason is "product liability laws". This is how it works; if I import your products from Sri Lanka and redistributes it through EU I will hold the legal liability within the EU. If there's a problem I can of course start up legal process in Sri Lanka against you, But because of the costs and delays I would not get into that position. So if you're not a multimillionaire, get a partner or form a joint venture within EU that can handle the paperwork and do the marketing.
@@nilselgenstierna3282 I will try small quantity like air flight .Sri Lanka government help me for export I am not multi millionaire I can supply any spicy 🔥
Nice video. Question for you. Is there any tax on the funds you bring into Sweden to start up a business as a partner in an AB company with a Swedish citizen?
To be honest I am not a tax expert. Hence I cannot answer your question.
@@AskMeStartUp There is no capital or inheritance tax in Sweden: However there is a 21% tax on the profits in your company, paid by the company, and there is a 30% capital gains tax on the dividends you pull out of the company. The capital gains tax also apply to profits gained when selling your shares in the startup with a profit. Depending on what country you live in the capital gain tax can be arbitrated if you pay capital gain tax in your country of residence. All depending on bilateral agreements between Sweden and your country.
@@nilselgenstierna3282 Thank you for this valuable information
Can you help or guide me as I am interested to startup small cafe
Sure. Please feel free to drop me an email at askme@askmestartup.com to get in contact.
can i run advert using English language in Sweden
Absolutley. English is very common in Sweden.
Please checkout the BEST countries for Startups: ruclips.net/video/9sLw_xxmCMA/видео.html
How about the non EU citizens start a business in Sweden? It's easy or hard?
Well any business is hard to start. At least as a EU citizen, residency is not an issue.