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3 Jakobs torg
Stockholm, Stockholms län, 11152
Sweden

AmCham Sweden is the voice of American business in Sweden. We are champions of US - Swedish trade and investment and US commercial interests in Sweden and give members a networking platform, critical business information, and an amplified voice.

News

INTERNSHIP OPPORTUNITY FOR SWEDISH STUDENTS AT THE U.S. FOREIGN COMMERCIAL SERVICE

Randy Gosda

1494931798586.jpeg

Internship Opportunity for Swedish Students

The U.S. Foreign Commercial Service at the U.S. Embassy in Stockholm offers excellent opportunity for students to gain real world experience working in both the Embassy and business environments.

About Us

The U.S. Foreign Commercial Service, part of the United States Department of Commerce, is part of a global network of trade professionals supporting U.S. commercial interests around the world. The agency's network includes more than 100 U.S. Export Assistance Centers throughout the U.S. and more than 150 overseas offices located in Embassies and Consulates. Our Stockholm office helps

  1. Promote the export of U.S. goods and services to Sweden/assists Swedish businesses to import goods from the U.S.

  2. Promote Swedish investment in the U.S.

  3. Protect U.S business interests in Sweden

In addition, the U.S. Commercial Service in Stockholm supports the goals and objectives of the U.S. Ambassador to Sweden, advises key officers on commercial matters, and facilitates outreach programs for VIP and Congressional delegations.

About the Internship

We offer an intern a dynamic and interesting workplace in a highly international environment with the opportunity for a great variety of tasks and networking opportunities.

Examples of tasks include:

  •   Market analysis

  •   Partner searches and matchmaking

  •   Event coordination

  •   Participation in relevant meetings, seminars and business events

  •   Outreach to Swedish importers and agents, and recruitment to trade fairs in the U.S. and in Europe

  •   Assistance with U.S. trade missions and Congressional delegations

  •   Other administrative duties

The internship is unpaid.

About You

We are seeking an intern fluent in Swedish who ideally has an interest in international business and strong skills in English. You are encouraged to step into our team and make a meaningful, substantive contribution assisting our Commercial Specialists in their work with American and Swedish companies. A successful candidate will be able to work independently, take initiative, use critical and analytical thinking and assume responsibility. We value creativity, open‐mindedness, and a good sense of humor. Students who meet these requirements are encouraged to apply.

Practical Details

The full-time internship (32-40 hours per week) is offered three times a year to 1-2 enrolled students at a time. Deadline for applications: Oct 15 for the spring internship (January –June), March 15 for the summer internship (June – mid-August) and April 15 for the fall internship (mid-August – early January). The Embassy has strict security regulations and you will need to pass a criminal background check to be cleared for an internship. A medical clearance is also necessary.

Please submit your one page application letter in English outlining your interest and qualifications, including CV, grade transcripts, letters of recommendation and the application form (found below) and scan in PDF format to: office.stockholm@trade.gov.

For more information about us, please visit our website www.export.gov/sweden/ and the embassy’s website www.se.usembassy.gov .

Internship Application Form Please complete in English

Basic Information

Full Name (as on passport):

Country or Countries of Citizenship:

Please indicate whether you are dual nationality and/or have permanent residency in another country:

College:

Major:

Expected Graduation Date:

International Experience (please list countries you have lived in or spent more than 1 month in):

English Language level:

Formal score if available:

Swedish Language level:

Formal score if available:

Commitment

Desired Internship dates (start and end dates):

Do you have the ability to work occasional evening events?

Please scan your application in PDF format to office.stockholm@trade.gov, incl the following documents:

  1. A cover letter in English that includes an explanation of why you desire an internship and why you are qualified

  2. CV in English

  3. Grade transcripts (English or Swedish)

  4. Letters of Recommendation, if available (English or Swedish)

  5. This form filled out in English 

Shorten the path to employment

Jacob Dornbos

image.jpg

"Korta vägen" (Swedish for short cut) at Stockholm University is a labor market training program for university-educated people who are newly arrived in Sweden. One important and very popular part of the program is the internship portion. Korta vägen estimates that a majority of the internship candidates this fall will be ready to present themselves to employers around mid-October. If you and your company are interested in being an important facilitator in a newly arrived individual's career, you can offer a position for an intern. Korta vägen will match your prerequisites and present one or more candidates to you.
 
Reed more here
Contact Korta vägen at kortavagen@su.se.

AmCham Sweden Life Science Working Committee Holds High Level Meeting in Almedalen

Jacob Dornbos

 
 

Life Science is one of Sweden's most innovative venues, and has earned a strong, enviable reputation in international competition. The AmCham Life Science Working Committee is comprised of representatives from some of the most highly regarded Life Science organizations in the world who are taking an active role in driving innovation development in Sweden. The committed companies help to make future innovations possible by being a partner for the Swedish government's work in the Life Science field.

During Almedalen, the AmCham Life Science Working Committee, together with the U.S. Embassy, is taking part in the debate by arranging a high-level meeting with partners, stakeholders and leading decision-makers in Swedish healthcare. The dialogue is being convened to accelerate access to new innovations in healthcare and Life Science in Sweden. James Scheulen of Johns Hopkins Medicine and Anders Lönnberg, the Swedish government's coordinator for Life Science will attend the meeting. The committed companies are: Abbvie, Alere, Amgen, Bristol Myers Squibb, GE, Janssen, MSD, Pfizer, and Quintiles. 

About AmCham Sweden
AmCham Sweden was founded in 1992. The organization has more than 220 members, ranging from start-ups to multinational corporations. The members, representing many different industries, create a dynamic organization for networking and the development and promotion of innovative ideas. AmCham Sweden organizes a number of activities and seminars, and participates in the public debate on key issues. www.amcham.se

Strengthening Partnerships and Engaging Members

Randy Gosda

The past several months have been a blur of activity at AmCham. From traveling around Sweden meeting members in Malmö and Gothenburg, recruiting new members, deepening connections with regional chambers of commerce, and discussing the findings of the annual Transatlantic Economy 2017 report and opportunities to grow trade between Sweden and the United States, to visits to Washington and Brussels to meet with members, policy makers and stakeholders. On top of that we have had more than a dozen AmCham sessions since this spring bringing nearly 600 members together from across our network.

Last month, I travelled to the United States to meet with executives from AmChams in Europe and engage with companies, organizations and key government agencies in order to strengthen partnerships and gain insight into the current U.S. business and political climate, including a series of high-level briefings from administration officials, the U.S. Chamber of Commerce and several high-level political experts.

Briefing sessions were hosted by Google, the U.S. Chamber of Commerce, Hill + Knowlton and the U.S. Department of Commerce. Notably, the annual Transatlantic Reception, hosted by the U.S. Chamber of Commerce, featured keynote remarks by Daniel Mullaney, Assistant U.S. Trade Representative (USTR) for Europe and the Middle East, during which Mr. Mullaney recognized AmCham Sweden for our series of videos promoting the Transatlantic Trade and Investment Partnership Agreement, which the USTR still uses.

Next week in Almedalen, we will be co-hosting Tillsammans Mot Korruption for the third time and America Day, in partnership with the U.S. Embassy. We will also be working with Swedavia again to promote preclearance at Arlanda Airport.

Today the transatlantic relationship is stronger and more important than ever. We hope many of you will be able to join us at some point during our three days of programming July 3-5 as we celebrate trade, innovation, and more than two centuries of friendship and commerce between Sweden and the United States.

You can see an overview of our activities in Almedalen here -- check back often as we will update the page as other activities are finalized.

Hope to see you soon!

P.S. Save the date for our 25th Anniversary Gala - November 13th at the Grand Hotel. You can book tables now, including a special offer for Silver Sponsors.

AmCham Executives Visit Washington DC and Boston

Jacob Dornbos

From May 8 through May 12, executives from AmChams in Europe gathered in the United States to engage with companies, organizations and key government agencies in order to strengthen partnerships and gain insight into the current U.S. business and political climate. Representatives from 33 AmChams participated in the annual conference, which took place in Washington DC and Boston, Massachusetts.
 
Washington DC
In Washington DC, the delegation received timely insights into the new Trump Administration through a series of high-level briefings from administration officials, the U.S. Chamber of Commerce, and several leading political experts.
 
Briefing sessions were hosted by Google, Beekeeper Group, the U.S. Chamber of Commerce, Hill + Knowlton, and the U.S. Department of Commerce.
 
The Washington DC portion of the conference concluded with the annual Transatlantic Reception, hosted by the European Division of the U.S. Chamber of Commerce. The program featured keynote remarks by Daniel Mullaney, Assistant U.S. Trade Representative for Europe and the Middle East.
 
Boston, Massachusetts
A slightly smaller delegation from 23 AmChams continued on to Boston, visiting some of the region’s most innovative companies and listened to thought leaders from two of the most highly respected universities in the world.
 
The Boston segment began appropriately in the city’s Innovation District with an introduction to the Innovation Ecosystem by representatives from the City of Boston and the Commonwealth of Massachusetts (MOITI).
 
Company visits included stops at Autodesk BUILD, MassChallenge Boston, MassRobotics, IBM Watson, Analog Devices, Linkage and Boston Scientific.
 
University visits included roundtable briefings with Professor Thomas Malone at MIT’s Center for Collective Intelligence as well as Robert Lawrence, Professor of International Trade and Investment Harvard Kennedy School.
 
To cap off a highly successful week, executives had an opportunity to attend a Boston Red Sox baseball game at the legendary Fenway Park courtesy of Dell-EMC.
 
AmChams in Europe wishes to thank the City of Boston, the Department of Commerce, the U.S. Chamber of Commerce - as well as the many companies and organizations who contributed to making this year’s conference a tremendous success.

Transatlantic Digital Economy 2017

Jacob Dornbos

The digital economy is transforming how we live, work, play, travel, interact, and do everything in between. It evokes the image of a seamless global marketplace.

Reality is different. The digital revolution may be global in its reach, but it is uneven in its effects. In the digital world, connections matter. Some countries and continents are connecting more than others, and Europe and the United States are connecting most of all.

Cross-border data flows between the U.S. and Europe are the highest in the world. Digital transformation is becoming the single most important means by which both sides of the Atlantic can reinforce their bonds and position themselves for a world of more diffuse power and intensified competition.

The Transatlantic Digital Economy 2017 is the first study of its kind to measure the digital connections that bind Europe and the United States. It breaks new ground by offering ten metrics by which we can better understand how and why digitalization and digital links across the Atlantic are becoming so critical to both U.S. and European economic health.

Whether through digitally-enabled services, e-commerce, the growing app and bot economy, data flows, social media, or submarine cables criss-crossing the Atlantic, the transatlantic digital economy has quickly become a major force in global commerce. Yet digitization’s not only faces barriers in both Europe and the United States, it also confronts societies on each side of the Atlantic with a host of legal, economic, societal and normative questions.

In the context of today’s debates about jobs, skills, digital divides, privacy, security, competitiveness, and changing economic fortunes, The Transatlantic Digital Economy 2017 provides key facts and figures about the United States and Europe in the digital world, with often counterintuitive connections with important implications for policymakers, business leaders, and local officials.

Download the full report here

AmCham EU position paper on the proposal for a regulation on e-privacy

Jacob Dornbos

The Proposal for a Regulation on Privacy and Electronic Communications (E-Privacy Proposal) Promoting the European data economy: striking the right balance between privacy and innovation

Executive summary

The E-Privacy Proposal (EPR) risks to severely limit the potential of a data-driven digital economy, a key objective of the Digital Single Market (DSM) strategy. If the draft proposal is maintained, full alignment with the General Data Protection Regulation (GPDR) and other existing or upcoming legislation, such as the European Electronic Communications Code (Code) should be ensured. With this in mind, AmCham EU issues a number of recommendations:

  • On the scope, the EPR should remain as closely aligned with the Code as possible. AmCham EU suggests not to include services based on ancillary features and ensure that machine-to-machine (M2M) services are excluded. Furthermore, in line with the intent of the Code, the EPR should clarify that it applies mainly to consumers and micro and small businesses if they so request. Finally, the EPR should define rules only for devices that were placed on the market in the EU. 
  • The EPR should clearly identify the minimum principles and safeguards of due process that should be respected by national legislations on law enforcement access to electronic communications data. Furthermore, any law enforcement access requirements cannot undermine the security and resilience of services.
  • On confidentiality, there is no clear reason why processing of electronic communications should be prohibited or severely limited under the EPR. The processing of electronic communication data should be allowed under the same condition as personal data under Article 6 of the GDPR. The scope of Articles 5 and 6 should be narrowed to focus on the interception of communications by parties other than the ECS provider and authorised third-party partners.
  • On consent for permitted processing, the EPR must refrain from redefining basic concepts of the GDPR. If consent is required, the robust criteria established in the GDPR shall suffice. Additional requirements turning consent into a ‘consent +++’ as outlined in Article 6 of the proposal should not be introduced.
  • Storage and erasure are already adequately addressed by existing GDPR principles of purpose specificity, data minimisation, storage limitation. The GDPR also provides for the right of erasure. Thus, the EPR does not need to introduce additional requirements or restrictions on these specific points. Article 7 unnecessarily increases obstacles to data-centric services and should therefore be deleted. 
  • The rules on terminal equipment, consent and privacy settings are in direct conflict with the GDPR and need significant revision. By targeting methodologies used in specific products and suggesting reoccurring notifications, the proposed rules are neither truly technology-neutral nor future-proof. What has so far been known as the ‘cookie rule’ effectively applies to all types of data that relate to end-users’ devices – hence covering virtually all types of processing operations in the modern world.
  • On security requirements, the EPR now requires ECSs under Art. 17 to inform end-users of security risks that ‘may compromise the security of networks and services’. This is very broad and needs to be further clarified to avoid misinterpretations. The approach in the GDPR is more reasonable and therefore the article should be deleted.

ECJ Ruling on Trade Competence

Jacob Dornbos

 
 

The European Court of Justice issued a landmark ruling on the EU’s competency in trade agreements with direct implications for the Brexit negotiations, among other things. Essentially, the ECJ ruled that the EU has direct and exclusive competency over all aspects of modern trade agreements with two exceptionsnon-direct (portfolio) investments, and investment dispute settlement provisions. Any agreement which includes those aspects of an investment chapter is subject to approval by both the EU and its 38 national and regional parliaments.

On Brexit, while this clearly complicates negotiating an investment agreement, it provides a large measure of certainty that both the Brexit deal itself and a future EU-UK trading arrangement, including one that covers financial services, transport, energy, etc., can be agreed to by the EU and UK governments alone. As Politico put it, “A Brexit deal just got harder. And easier.”

This ruling also has clear implications for other EU trade negotiations (including eventually with the United States).

  • The EU’s FTA with Singapore will have to make its way through all of the national and regional parliaments in order to be fully ratified because it includes investment provisions.
  • It is less likely that the EU will successfully include its Investor Court System in the deal currently under negotiation with Japan. At a minimum, it will lead to calls for an investment treaty to be negotiated separately from the FTA.
  • It remains to be seen whether the EU can successfully maneuver its way through the many minefields to get CETA fully ratified. A more likely scenario is that the agreement is “provisionally applied” for the foreseeable future in all areas save investment protection, which encountered resistance in Wallonia.

Press reports have mostly made this out to be bad news for European trade negotiations. From our perspective, the EU and its trading partners should view this ruling as good news. It is now clear that the Commission has exclusive competency to negotiate in such areas as IPR, transportation, energy and services. Such agreements would only require approval of the European Council and the European Parliament. That gives certainty to the EU’s negotiating partners.  The open question is how the Commission will choose to deal with investment protection measures going forward.

Lastly, and less controversially, on non-direct investments. The reasons for its exemption from EU competency seem to be two-fold. First, portfolio investments aren’t listed as EU prerogatives in the international treaties which form the basis of the EU. Secondly, there are some concerns over state-owned enterprises’ and sovereign wealth funds’ investments into the EU. Therefore, the ECJ elected to reserve the right to oversee non-direct investment to the member states exclusively. It seems that, in the future, the EU can revise its treaties to more fully define investment to prevent the (largely unnecessary) differentiation of direct and non-direct investment.

 

Official Documents:
Press Release announcing the decision
Full Text of the decision

Internship Opportunity for Swedish Students at the U.S. Foreign Commercial Service

Jacob Dornbos

 
 

The U.S. Foreign Commercial Service at the U.S. Embassy in Stockholm offers an excellent opportunity for student interns to gain real world experience working in both the Embassy and business environments.

About Us

The U.S. Foreign Commercial Service, part of the United States Department of Commerce, is part of a global network of trade professionals supporting U.S. commercial interests around the world. The agency's network includes more than 100 U.S. Export Assistance Centers throughout the U.S. and more than 150 overseas offices located in Embassies and Consulates. Our Stockholm office helps:

  1. Promote the export of U.S. goods and services to Sweden/assists Swedish businesses to import goods from the U.S.

  2. Promote Swedish investment in the U.S.

  3. Protect U.S. business interests in Sweden

In addition, the U.S. Commercial Service in Stockholm supports the goals and objectives of the U.S. Ambassador to Sweden, advises key officers on commercial matters, and facilitates outreach programs for VIP and Congressional delegations.

About the Internship

We offer an intern a dynamic and interesting workplace in a highly international environment with the opportunity for a great variety of tasks and networking opportunities. Examples of tasks include:

  • Market analysis
  • Partner searches and matchmaking
  • Event coordination
  • Participation in relevant meetings, seminars and business events
  • Outreach to Swedish importers and agents, and recruitment to trade fairs in the U.S. and in Europe
  • Assistance with U.S. trade missions and Congressional delegations
  • Other administrative duties

The internship is unpaid.

About You

We are seeking an intern who ideally has an interest in international business. You are encouraged to step into our team and make a meaningful, substantive contribution assisting our Commercial Specialists in their work with American and Swedish companies. A successful candidate will be able to work independently, take initiative, use critical and analytical thinking and assume responsibility. Additionally, he or she must speak Swedish fluently as well as have strong skills in English. We value creativity, open‐mindedness, and a good sense of humor. Students who meet these requirements are encouraged to apply.

Practical Details

The full‐time internship (32‐40 hours per week) is offered three times a year to 1‐2 students at a time. The spring internship takes place January –June, the summer internship June – August, and the fall internship August – December/January. Deadline for applications: November for the spring, March for the summer and June 1 for the fall internship.

We look forward to hearing from you, so please contact us at office.stockholm@trade.gov, and we will send you our application form. Your application must also include a one page letter in English outlining your interest and qualifications including CV, grade transcripts, and letters of recommendation. The Embassy has strict security regulations and you will have to pass a criminal background check to be cleared for an internship. A medical clearance is also necessary.

For more information about us, please visit our website www.export.gov/sweden/ and the embassy’s website www.se.usembassy.gov.

Launching the AmCham Sweden Mentoring Program: Gothenburg!

Jacob Dornbos

AmCham Sweden offers an integrated mentoring program in English that is enriched with business skills development, speaker sessions and mentoring by executives in AmCham member companies. Our program is a specifically designed to combine American and Swedish business perspectives in order to help guide young professionals who are interested in advancing toward leadership positions.

We cover topics such as “Habits of High Performers”, “Cultural Intelligence at Work”, “Building your Digital Brand”, and many more, as well as work on our networking and negotiation skills. The speakers and workshop leaders are prominent executives in the network, who are excited to share the wealth of experience they have with our young professionals. 


Early applications accepted starting June 1, 2017
Deadline: September 7, 2017
Program Starts: September 21, 2017 

Brexit and the future EU-UK relationship: The US business view

Jacob Dornbos

AmCham EU is pleased to share with you their comprehensive position paper on Brexit and the future of the EU-UK relationship. It aims to demonstrate the cross-sectoral perspectives of our member companies, provide constructive input to negotiators on both sides of the Channel, and promote a prosperous new EU-UK relationship that best meets the needs of US businesses and citizens in Europe.

 

What's in the paper:

  • Why Brexit matters for US businesses in Europe
  • How we think the negotiations should be conducted
  • Our comprehensive vision for the new EU-UK relationship

Read AmCham EU's Position Here

The EU Single Market: Impact on Member States

Randy Gosda

AmCham EU and ACE member companies experience first-hand the advantages of operating in such a large unified market. The EU Single Market brings tremendous benefits to citizens and businesses.
 
While the Single Market is under pressure as never before, it is crucial to stand up for the achievements of the Single Market and to prevent its unravelling. Fragmentation would be detrimental to Europe’s competitiveness, its influence in a globalised economy and, ultimately, the well-being of its citizens.

Read More

 

Navigating Transatlantic Trade in 2017

Jacob Dornbos

More than 230 years ago, Sweden and the United States established a commercial alliance that recognized Sweden as the first European power to voluntarily and without solicitation offer its friendship to the newly formed United States.

Over the centuries, our friendship has formed a robust network of connections. And today our transatlantic relationship is stronger and more important than ever.

This year’s Transatlantic Conference and Brussels Briefing brought together 37 representatives from 23 AmChams across Europe to exchange views on advocacy and ways to cooperate. What is more, the annual Transatlantic Economy report on jobs, trade and investment between the U.S. and Europe was released and showed that the two regions are more deeply integrated than any other in the world.

Despite many challenges and uncertainties, both regions are experiencing growth and confidence in their markets, while unemployment rates decrease. The report presents a compelling case for a more integrated trade and investment relationship between the U.S. and the EU, as well as the UK post-Brexit.

We see the current challenges to globalization as an opportunity for businesses large and small to change the way we talk about trade and its benefits. Indeed, the flow of ideas and data in the era of digitalization is filled with opportunity.

We also firmly believe the business community has a key role to play in the future direction of transatlantic cooperation. Strong trade and investment flows between across the Atlantic will allow U.S. and EU to continue setting the global regulatory agenda.

AmCham Sweden continues to promote U.S.- Swedish trade and investment and U.S. commercial interests in Sweden based on the strong foundation of the American-Swedish partnership. Accordingly, we stand ready to work with public and private sector partners to strengthen trade and investment between the U.S. and Sweden. We remain vigilant for policy developments that could impact this endeavor, and will provide updates to our members and partners as soon as information we receive can be verified.

The World Starts in Malmö

Jacob Dornbos

On March 15, AmCham Sweden collaborated with six other Chambers of Commerce at the newly opened United Spaces Studio in the city of Malmö. AmCham will now have the capacity to work out of this location to better serve our members who have business offices in southern Sweden.

The purpose of this cooperative effort was to focus on the benefits that the various Chambers have to offer members within their networks. Insights into why Malmö and the Öresund region are strategically beneficial to establish and grow businesses were also shared.

IMG_8918.JPG

More than 90 people were in attendance as invited guests of AmCham, as well as those from the British-Swedish, Dutch-Swedish, French-Swedish, Swedish-Southern Africa, Scandinavian Gay And Lesbian, and Malmö Chamber of Commerce.

The evening was highlighted by a presentation from Joel Eklund, CEO at TePe Munhygienprodukter AB. TePe has its headquarters and all production facilities in Malmö, where its operations originally began. Today, TePe is a leading oral hygiene company with an international presence.

Prudence Persson, Founder and CEO of Industry Frontiers AB also shared why her organization has selected Malmö as a platform for Rebranding Africa. Per Tryding, Vice Managing Director of the Malmö Chamber of Commerce served as moderator for the program.

Beverages for the mingle following the presentations were provided by Nya Carnegie Bryggeriet and Pernod Ricard.

SelectUSA Summit

Jacob Dornbos

PDF

‘Grow with US!’ är temat på årets investerartoppmöte, som USAs Handelsdepartement organiserar nu för fjärde gången. SelectUSA Summit är en perfekt mötesplats och one-stop shop för företag, som planerar en etablering/expandering i USA.

VARFÖR SKALL JUST DU FÖLJA MED:

Du lär dig mer om marknaden, möjligheterna, regelverk, skatter mm. på investeringsakademin; du får olika perspektiv under paneldiskus- sionerna med erfarna regeringsföreträdare; du kan fördjupa dina kunskaper under gruppsessionerna;

Du träffar delstatsrepresentanter, investeringsfrämjande organisa- tioner och tjänsteföretag från hela USA och kan jämföra och diskutera deras erbjudanden i realtid;

Du kan planera dina möten i förväg med hjälp av en online verktyg, använda tiden effektivt och boka mer innehållsrika möten;

Du får tillgång till och lär dig använda flera online verktyg och data baser, som hjälper dig navigera i regeldjungeln och analysera marknaden ytterligare;

Du träffar tusentals företag från hela världen, utbyter erfarenheter, etablerar kontakter och hittar nya partners;

Du har tillgång till individuell support från Amerikanska Ambassaden Handelsavdelning före/under/efter resan i form av möten, stud- iebesök, rådgivning och mycket mer.

SelectUSA Summit

Datum: Den 18 - 20 juni, 2017
Plats: Gaylord National Resort & Convention Center, DC National Harbor
Avgift: USD 799

Toppmötepaketet inkluderar tre dagars kon- ferensprogram med frukost och lunch; tre dagars expo med delstater, tjänsteföretag och federala myndigheter; online matchmak- ing-verktyg för mötesplanering; mottagningar och nätverksmingel varje kväll.

Utöver det officiella programmet kommer Amerikanska Ambassaden organisera egna aktiviteter med de svenska delegaterna.

Alla deltagare bokar sina egna resor. Vill man bo på Gaylord, kan man boka rum i samband med Summit-registreringen för specialpris.

För mer information, kontakta: Tuula Ahlström, Amerikanska Ambassaden tuula.ahlstrom@trade.gov eller 070 783 5396

www.selectusasummit.us

 
 

Establishing business operations in Sweden – What do I need to consider?

Jacob Dornbos

By Örjan Berg och Lisa Johannesson, Mar 16, 2017 9:55:06 AM

Due to the fact that the economic situation in Sweden is very advantageous now, we see an increased interest on behalf of foreign companies in starting up operations here. If you have a company in another country and are considering starting up operations in Sweden, there are a number of different types of questions you need to address and have control over.more

Choice of corporate form
Firstly, you need to decide on the type of corporate form you want to establish. When a foreign company starts operations in Sweden, the operations can be seen to comprise a permanent establishment, which implies liability for income tax in Sweden. A foreign company wishing to start a line of business in Sweden should, therefore, register a branch here. If a branch is registered, the results of the branch are included in the foreign company’s accumulated results.

One alternative to a branch is a Swedish limited liability company who takes care of the Swedish operations. If a Swedish limited liability company is registered, the difference with a registered branch is that the limited liability company’s results are not included in the foreign company’s results.

Registration
Depending on the type of operations you choose to start in Sweden, there can be a requirement that you register with the Swedish Tax Agency for VAT and income tax. The obligation to register for VAT can exist, in spite of the fact that you have no permanent establishment in Sweden. Registration for F-tax (preliminary tax paid in by self-employed) is particularly important if the services are executed in Sweden.

A foreign company undertaking business operations in Sweden can also be liable for registration with the Swedish Tax Agency as an employer. This applies if the company is going to have employees in Sweden for whom they will pay employer’s contributions.

Furthermore, if you plan on having employees in the Swedish operations who are not EU citizens, you are required to apply for work and residence permits with Migrationsverket (Swedish Migration Agency) for your employees.

In addition to the above-mentioned registration requirements, there can be the need, depending on the type of operations to be established in Sweden, to apply for other forms of permits. For example, this can apply if you are going to start operations pertaining to financial services, health and hospital care, or operations having an environmental impact.

Tax issues
Tax liability for operations in Sweden varies depending on the type of operations to be established, how they are financed and how the profit is to be distributed. Currently, the corporate tax rate for income in Sweden is 22 percent, and this applies to both limited liability companies and branches in Sweden.

The general VAT rate in Sweden is 25 percent, but for certain services the tax rate is 12 percent (restaurants, food and catering services) and 6 percent (books, newspapers and transport of persons). At the end of the year, companies can receive VAT refunds on the surplus paid in.

The income tax rate for employees in Sweden is dependent on whether the employee incurs limited or unlimited tax liability in Sweden. The income tax rate for unlimited tax liability is progressive and varies between 29-59 percent. If an employee incurs limited tax liability in Sweden, one can, instead choose to be taxed according to SINK (state income tax for non-residents) with a tax rate of 20 percent. As an employer with one employee in Sweden, you also need to pay employer’s contributions of a maximum of 31.42 percent of the employee’s gross salary.

If the operations are comprised of the importation of goods to Sweden from countries outside the EU, this implies, according to the major rule, the obligation to pay both customs and VAT on those goods, but there can be exemptions to this rule.

If the operations imply that cross-border transactions arise between group companies, it is important to have a market-based pricing of these transactions and to have control over the extent of required transfer pricing documentation.

Compensation to employees
According to law, there is no minimum salary requirement for employees in Sweden. Minimum salaries are, instead, regulated according to co-called collective agreements established between employers and labour unions.

In Sweden, there are requirements stipulating, both legally and according to collective agreements, that employment contracts shall be prepared between employees and employers. Employment contracts are to include, amongst other things, information on salaries, benefits, working hours, type of employment, notice period, etc.

Practical issues
Foreign employers having a permanent establishment in Sweden are required to pay preliminary tax in Sweden each month. The employer is also liable to, on a monthly basis, pay in employer’s contributions to the Swedish Tax Agency for employees covered by the Swedish social insurance system. According to law, an employer is to send in statements of earnings and deductions for employees where the salary paid to the employee during the year is stated, as well as the amount of preliminary tax deducted during the income year.

Swedish companies and foreign companies with a permanent establishment in Sweden are liable to present income tax returns to the Swedish Tax Agency on no later than 1 July if the financial year is the calendar year.

Swedish companies or foreign companies with branches in Sweden are also liable to book all business transactions in accordance with the Bookkeeping Act. Depending on the corporate form in which the operations take place, there can also be a requirement that annual financial statements shall be prepared at the end of the year.

In certain cases, a company in Sweden, or a foreign company’s branch in Sweden, must, according to the law, appoint an auditor to audit the accounts.

 

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Do you have any questions on individual taxation?

 

U.S. Vice Consul to Gothenburg April 20, 2017

Jacob Dornbos

 
 

The U.S. Vice Consul will be in Gothenburg on April 20th, 2017 to take applications for consular reports of birth, passports, social security numbers, and to notarize documents that will be used in the United States. Please note that appointments will be given on a first come, first served basis. Please click on the following link for further instruction: Gothenburg visit

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U.S. citizens traveling to or residing in Sweden are encouraged to enroll in the Department of State's Smart Traveler Enrollment Program (STEP) at https://step.state.gov/step.  STEP enrollment gives you the latest security updates, and makes it easier for the U.S. embassy or nearest U.S. consulate to contact you in an emergency.  If you don't have Internet access, enroll directly with the nearest U.S. embassy or consulate.

Regularly monitor the State Department's website at http://travel.state.gov, where you can find current Travel Warnings, Travel Alerts, and the Worldwide Caution.  Read the Country Specific Information for Sweden at http://travel.state.gov/travel/cis_pa_tw/cis/cis_4965.html. For additional information, refer to "A Safe Trip Abroad" on the State Department's website.

Contact the U.S. embassy or consulate for up-to-date information on travel restrictions.  You can also call 1-888-407-4747 toll-free from within the United States and Canada, or 1-202-501-4444 from other countries.  These numbers are available from 8:00 a.m. to 8:00 p.m. Eastern Time, Monday through Friday (except U.S. federal holidays). Follow us on Twitter at https://mobile.twitter.com/travelgov and Facebook at https://www.facebook.com/travelgov. You can also download our free Smart Traveler App, available through iTunes and the Android market, to have travel information at your fingertips.

The U.S. Embassy in Stockholm is located at Dag Hammarskjoldsvag 31, Stockholm and is open, Monday through Friday from 08:00 - 16:30, except for Swedish and American holidays,  phone number  +46 (0)8 783 5375. Our regular telephone hours are between 1 PM and 2 PM, Monday, Tuesday and Thursday. If you are a U.S. citizen in need of urgent assistance, the emergency number for the U.S. Embassy is +46(0)8 783 5300.

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