|Local Time (LIVE):||2:12 PM|
|Local Currency:||$1 = kr9.3|
|Business Language(s):||Swedish and English|
|Tax Year Dates:||1st January – 31st December|
Business-friendly Sweden is an attractive choice for businesses looking to expand internationally, being one of the world’s biggest beneficiaries of foreign investment. From a low corporate tax rate (based only on a company’s annual profit) to competitive labor costs, there’s a multitude of reasons for businesses to expand to Sweden. With its great access to the EU and Nordic markets, businesses can benefit from easy and convenient access to Europe.
However, despite Sweden’s many benefits, there are inevitably some complicated processes to follow, none more so than Sweden’s unique payroll and HR processes. International payroll and HR can present a number of difficulties for those not versed in the country’s legislation and regulations. Fortunately, FMP Global are here to help guide you and take care of compliance whilst you get on with the important day to day.