Payroll and HR in Sweden

The International HR & Payroll Company
That Speaks Your Language

IRIS FMP will simplify Swedish payroll and HR. As a recognized, trusted global payroll and HR specialist in Sweden, one of our 88 in-country teams are on-hand to help ensure your international employees don’t miss a payment.

Understanding and overcoming the barriers in Swedish payroll and HR is no small feat without a specialist. Compliance is an urgent priority during any global expansion, so you will need help navigating the differing laws, cultures and regulations. Without help, it can feel overwhelming to stay on top of everything. Fortunately, our expert teams are here to help. We offer:

Location Data

Name

Sweden

Region

Europe (Northern Europe)

Population

10353442

Calling Code

46

Capital

Stockholm

Timezone(s)

UTC+01:00

Timezone in Capital

(europe/stockholm) 7:35 AM

Currency

Swedish krona (SEK)

Main Language

Swedish(svenska)

Other Business Languages

Swedish, English

Tax Year Start

1st January

Tax Year Start

31st December

Details correct at time of publication. You should not rely on these details without first seeking professional international advice.

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, IRIS FMP are here to help guide you and take care of compliance whilst you get on with the important day to day.

HR in Sweden

What are the regular working hours in Sweden?

The usual working hours in Sweden are 40 hours a week, with a maximum limit of 48 hours. After 5pm, most employees go home for the day.

Termination

In Sweden, employers are able to dismiss employees with or without notice. A dismissal with notice must be based on objective grounds. These can be objective reasons (for instance, redundancy) or subjective personal reasons relating to the employee directly – e.g based on performance.

Payroll in Sweden

What tax considerations are there?

The biggest difference with taxation in Sweden is the very high personal income tax rate. This currently sits at 61.85% (correct at time of publication – 2018). Employee income tax is subject to both municipal and national tax. The municipal income tax differs in each municipality and is updated each year. There is also corporate tax to consider as well as social security for both employees and employers.

IRIS FMP’s Swedish Payroll and HR Solutions

No matter if you’re looking for payroll and HR services in Stockholm or Gothenburg, IRIS FMP can offer cost-effective solutions that are tailored to your business. We will help with tax compliance, visas and much more, including:

• Employment Contracts
• Payroll Processing
• Handling of payments (salaries)
• Annual declarations (lodging, apprenticeship & training taxes for concerned companies)
• Relations with social bodies
• Regulatory Compliance
• Tax and Labor Law Consulting

• Assisting in payroll audit (or payroll department audit)
• Handling of confidential payroll
• Assistance in company restructuring plan
• Assistance in implementation of procedures
• Assistance with start-up (in link with lawyers)