What comes to your mind when you first think of Sweden? For many people, it’s the quintessential Scandinavian cool – in several senses of that word – that initially dominates their thoughts. Alternatively, you might be reminded of the stunningly picturesque landscapes that dominate the country and are even visible in urban areas. A fascinating history, delectable cuisine and a friendly welcome are other hallmarks of Sweden and Swedish life.
If you are considering contracting in this Nordic country, however, it is the diverse, knowledge-based economy – and the associated healthy range of opportunities for contractors – that are likely to especially interest you.
Indeed, despite some historical struggles including a severe financial crisis in the early 1990s, the Swedish economy today has become something of a paragon of stability and success. Unsurprisingly, then, the country is also now highly regarded for its standards of living, wellbeing, income and gender equality and environmental quality.
What are some of the legal and practical issues that you should be aware of, however, if contracting in Sweden appeals to you?
The facts that contractors in Sweden must know
The great news if you are an EU or EEA national is that there are no restrictions on your right to work in Sweden; there’s no need for you to even hold a visa or work permit. In the event of your stay exceeding three months, however, you will need to register for a residence permit.
As a general rule, nationals from outside these areas will require the relevant approval to work before their arrival in the country.
The tax situation is another crucial factor for foreign contractors in Sweden, especially in light of the country having one of the world’s highest personal income tax rates. The country’s tax year is the calendar year, and you will be considered to be resident for tax purposes if you are present in Sweden for six months or more.
Nonetheless, the sheer complexity of the Swedish taxation regime gives you good reason to seek out the services of specialists in global payroll solutions when you are contemplating contracting here.
Our team here at Link Global Management can provide such a service, simplifying the task of keeping up with your salary, taxes and social security so that you can focus on making the most of your new job and life in Sweden. Simply complete and submit our online contact form today to find out more about our in-depth expertise and the tailored guidance we can provide.