More people in Sweden are starting their own business

August 13, 2020

Entrepreneur

In spite of the fact that unemployment has risen since the start of the Covid-19 pandemic, more people are registering their own company in Sweden.

Akademikerförbundet (The Trade Union Association for Academics) states that more people in Sweden are starting their own company even though they are already employed. Företagarföreningen (The Association for Entrepreurs) also reports that even though unemployment has risen since the beginning of the Covid-19 pandemic, there has been a 5% increase in the registration of new companies since January 2020. Compared to last year, that is a total increase of 27%.  In July alone, 3900 new companies were registered.

As a lot of the entrepreneurs starting new businesses are young and newly arrived to Sweden, this increase might be a sign of a strategy that people with less work experience in Sweden are using to create their own work opportunities, and it might also be an effect of the lowered minimum investment required when starting a new company. From January 1, 2020, the investment requirement was lowered from 50 000 SEK to 25 000 SEK.

If you are interested in starting your own business in Sweden and wondering about which steps to take, visit Verksamt.se, a government-run website providing information for freelancers and business-owners.

If you already are running your own company in Sweden, The Newbie Guide to Sweden has recently launched their Small Newbie Business Directory for newcomers in Sweden, where you can advertise your business to other newcomers!

Shopping Basket