Are you contemplating beginning a brand new enterprise in Sweden? Because the chief of the Nordic Market, launching or increasing your small business to Sweden will make you a part of a dynamic and rising financial system, in a rustic that’s famend as one of many happiest locations on this planet.
Sweden is a Scandinavian nation comprising hundreds of coastal islands, lovely boreal forests and numerous inland lakes, and is well-known for its sturdy welfare assist system, beneficiant worker trip time and the excessive taxes which assist to fund it. Because the nation is inhabited by simply over 10 million folks, additionally it is comparatively small when it comes to inhabitants dimension.
Associated article: One of the best nation to start out a enterprise in Europe
A few of these components on their very own could also be barely discouraging to many entrepreneurs, (as there’s a sturdy conventional prejudice that top tax/excessive spend economies are much less dynamic) however Sweden is a particularly business-friendly and entrepreneurially profitable nation, with an enormous quantity to suggest it to overseas traders and enterprise folks.
Among the components which make Sweden such a improbable place to do enterprise embody:
● In keeping with information from the Group for Financial Cooperation and Improvement (OECD) Sweden has 4 occasions as many startups per 1,000 workers as america, with 20 startups per thousand workers in comparison with the U.S’s 5.
● A peaceable and affluent nation, Sweden has a well-performing financial system that orientates in the direction of overseas commerce. Low ranges of corruption, wholesome public funds, a strong banking system and political predictability all contribute to a safe atmosphere for enterprise folks.
● Sweden has entry to the Nordic Market, and as a member state of the European Union, Sweden can also be a gateway to a European market of 28 international locations and 510 million shoppers.
● The nation has a number of sturdy industries, together with telecommunications and prescribed drugs. Different pillars of the Swedish financial system embody human well being, wholesale and retail commerce, hospitality and meals companies.
● Massive-scale public funding in Sweden has created an excellent infrastructure, with an extra €56 billion devoted to infrastructure tasks over the approaching decade. Sweden additionally advantages from an absence of time-consuming forms and a highly-skilled and engaged workforce.
● Sweden is dwelling to greater than its fair proportion of world manufacturers, together with Spotify, Ericsson, Sandvik, iZettle, Volvo, Klarna and AstraZeneca.
With the nation as an entire trying so promising for enterprise leaders trying to make their mark in Sweden, understanding which of Sweden’s vibrant and engaging cities to launch a brand new enterprise is the following step for entrepreneurs.
Stockholm
A metropolis constructed throughout 14 particular person islands, Stockholm is a fairly and distinctive place that boasts Royal palaces, spectacular museums, over 50 bridges and a medieval outdated city. Listed below are a number of the the explanation why this watery metropolis is a good place for companies:
● Stockholm is the most important metropolis in Scandinavia, with round 975,000 residents.
● The area of Stockholm accounts for over a 3rd of Sweden’s GDP, and is among the many high 10 areas in Europe by GDP per capita.
● Stockholm has a relaxed and open-minded environment, mixed with a fully booming tech business and vibrant startup tradition.
● Stockholm has produced a number of the world’s largest disrupter manufacturers, resembling Spotify, and additionally it is the house of best-selling video games Minecraft and Battlefield. Whereas only a principle, it might be argued that Sweden’s sturdy social security internet implies that entrepreneurs really feel safer in taking (what later develop into) worthwhile dangers, whereas the laid-back environment and wholesome working tradition are excellent for fostering creativity.
● Stockholm has launched the second-highest variety of billion-dollar tech firms per capita, after Silicon Valley.
● Sweden’s capital was named the eighth best metropolis on this planet by the Economist Intelligence Unit in 2013.
Gothenburg
With half 1,000,000 residents, Gothenburg is a serious Swedish metropolis that retains an interesting “small metropolis” environment. This coastal metropolis has a tight-knit neighborhood really feel and seaside environment, Gothenburg was as soon as well-known as a fishing port however has since modernised into different industries, and is the birthplace of Volvo automobiles. A few of its advantages for enterprise folks embody:
● Gothenburg is round 11% cheaper than Stockholm, making it superb for smaller startups and decrease residing prices.
● Located on the west facet of Sweden, Gothenburg has wonderful transport hyperlinks with each Denmark and Norway.
● The “Sure Field”, a gathering place of key organisations created to assist startups, is situated in Gothenburg. Right here entrepreneurs can discover enterprise recommendation, financing info and alternatives and academic companies, from organisations resembling Coompanion, Drivhuster and Enterprise Area Göteborg.
● There are round 1500 overseas firms already efficiently working their operations in Gothenburg.
● Gothenburg is dwelling to a big expertise pool, with Sweden’s wonderful training system culminating in a number of the nation’s finest greater training establishments discovered throughout the metropolis.
● There are enterprise clusters round a wide range of industries in Gothenburg, together with manufacturing, IT, regulation, inexperienced tech, telecommunications, petroleum, finance and extra.
Malmö
Named the happiest metropolis in one of many world’s happiest international locations, Malmö may be discovered within the south of Sweden, and advantages from a highway and railway bridge-tunnel that runs to Denmark’s capital, Copenhagen. One other coastal metropolis, Malmö is a refreshing mixture of outdated and new, and is quickly rising in a turnaround which noticed it escape from decline as an outdated industrial city to develop into a centre of innovation. Among the components which make this a fantastical entrepreneurial metropolis are:
● Malmö is aiming to develop into a “clear tech” metropolis and is actively creating its inventive, ICT, IT, life science and cell media sectors.
● The town can also be included in Medicon valley, an space that encompasses elements of southern Sweden and japanese Denmark and incorporates a number of the world’s main biotechnology clusters, using 41,000 folks and boasting 5000 medical researchers.
● Malmö is taken into account to be the financial centre of Sweden and has improbable infrastructure, together with a direct practice path to Copenhagen that takes simply half-hour.
● Attracting younger folks from the remainder of Sweden and additional afield as a consequence of its college and employment alternatives, Malmö is a very younger metropolis, with a mean age of 38.
● In keeping with Forbes, Malmö is without doubt one of the world’s most creative and modern cities on this planet, with probably the most patent purposes per 10,000 residents. Malmö additionally has a thriving startup scene.
● A progressive tradition of innovation has been fostered in Malmö by way of networking occasions, assembly factors, a robust startup neighborhood, curiosity from angel traders and loads of funding capital, authorities assist and test-bed amenities.
Wherever you select to start out a enterprise in Sweden, in the event you want extra info on tips on how to open an organization, please contact us on 0033 (0)1 53 57 49 10 or e-mail us from our contact web page and we’ll be completely happy to assist.
