How to set up a freelance or sole trader business in Sweden in 2024
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- Опубликовано: 6 окт 2024
- In this video, I’ll walk you through the steps to set up a freelance or sole trader business in Sweden in 2024. From registering your business and understanding tax obligations to navigating Swedish regulations and finding resources for new entrepreneurs, this guide covers everything you need to know to get started. Whether you're moving to Sweden or planning to launch your first freelance business, this video will provide you with practical tips and essential information. Don't forget to like, subscribe, and hit the notification bell for more helpful content!
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LINKS MENTIONED
Google Translate Chrome extension: chromewebstore...
Registering your freelance business:
verksamt.se/en...
bolagsverket.s...
Help with choosing a name for your business:
v1.verksamt.se...
More about taxes for sole traders:
verksamt.se/en...
Check if your business requires special permits in order to operate:
verksamt.se/en...
Current processing times for applications:
bolagsverket.s...
Invoicing through a third-party platform:
www.frilansfin...
coolcompany.co...
invozio.com/?l...
www.bokio.se/
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Thanks, Frankie. This is a huge support to me. Hope to meet with more videos. Good luck.
So informative, Thank you so much, and you are cute
i registered my company as sole trader/enskild firma, i registered for MOMS and F-SKATT everything is setup, i have all the legal documents from the client i did work for. All the invoices, their full names, their addresses from the people who have helped me in this project (they are also freelancers)
and despite all that, nordea bank still refused to open nordea business account and SEB bank denied too with a reason "risk for terrorism and money laundering" like wtf is this??
the freelance work i do is my job and income, and these banks are basically restricting me from having a job, income and future.
Im thinking as a last resort is to contact a lawyer and take this case to court or something, because this is crazy. What do you think?
Nice video Frankie, very helpful. I have a few questions, would really appreciate your take on it. I have a regular job and would like to start freelancing as well in digital marketing. Is there is a maximum yearly revenue exceeding which I should register a company? Or does everyone freelancer with a regular job regardless of the amount have to register a company?
About VAT, if I were to work with countries outside Europe do we or do not register VAT, I didnt quite catch about the 80K SEK part. Would you mind elaborating a little?
Hi, thanks for watching. Here are some pointers in regards to your questions:
1. About your potential freelance business alongside your employment status:
Generally, whenever you conduct freelance business in Sweden and with Swedish entities, you must register as a sole trader even if you do not invoice a large sum of money. This, of course, depends on a lot of variables: e.g. are you a resident of Sweden? do you work as an independent trader such that your employer becomes your first client? would you rather pay a fee to be "employed" as a freelancer by third-party agencies like Cool Company and Frilans Finans that act as your second employer and through which you can invoice your services, rather than register as a sole trader business yourself? These are all variables that affect what I would suggest in your case. However, if you would like to learn more about what qualifies as "freelancer business-worthy" services, check these 2 webpages from Skatterverket (Swedish tax agency):
what constitutes a business (i.e. sole trader) activity in Sweden?
www.skatteverket.se/foretag/drivaforetag/startaochregistrera/vadarnaringsverksamhet.4.6efe6285127ab4f1d25800025792.html
what taxes considerations are there for people who are both sole traders and have regular income as employees?
www.skatteverket.se/servicelankar/otherlanguages/inenglishengelska/businessesandemployers/startingandrunningaswedishbusiness/registeringabusiness/approvalforftax.4.676f4884175c97df4192308.html
2. About VAT:
If you estimate that your sales will not exceed SEK 80,000 excluding VAT in the first tax year, you are automatically exempt from VAT. If you are exempt and only sell goods and services within the country covered by the exemption, you do not need to register for VAT. The exemption is voluntary for EU (incl. Sweden) residents.
However, you can always choose to become subject to VAT even if you do not exceed the threshold of SEK 80,000. If you conduct business that is VAT-liable, your invoices will have to include VAT, even if you do not exceed the threshold. Whether your business services are VAT-liable or not depends on the entities you will be invoicing within or outside of the EU. Read more about this for your specific case:
www.skatteverket.se/foretag/moms/saljavarorochtjanster.4.18e1b10334ebe8bc80001420.html (check section that says "Sell to other countries")
www.skatteverket.se/foretag/moms/momsregistrering/registreradigformoms.4.deeebd105a602bfe38000256.html
Hope that helps and good luck with your new freelance gig!
@@frankieleoh I cannot thank you enough for your answer. This is by far the best answer I have received on this topic. I wish you a wonderful day!
Great content Frankie! Really enjoyed listening to your clear and smooth talk throughout your video!
Glad you enjoyed it! Thank you for watching!
Again, I have one question regarding businesses in Sweden. Can I get your email address please?
Unfortunately I do not answer requests over email, but if you would like to book a 1:1 video call with me, feel free to do so through my website: franleonardo.com/my-services