Stockholm has one of the most active startup communities around the world both when it comes to companies, community and funding. To get an introduction into the Stockholm world of high-tech and startups, here's a guide to what you need to know if you would like to start a startup company.
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EU portal for Startups
The portal above will take you to the national portal for Sweden, see below:
Local rules and regulations
There are a number of Swedish government agencies that are dealing with the issues around starting a business. I would recommend starting at Verksamt.se, that is the business portal for the agencies.
How to Register a Corporation?
To register a Swedish corporation "AB" like Ltd in many other countries you need to have 50,000 SEK about € 5160 or $ 5800 as share capital. If you have a registered Ltd company within EU, you can register an EU subsidiary company and do not need to fulfill this requirement. This is by many businesses and local banks not seen as recommended. Bolagsverket (Swedish Companies Registration Office) deals with registration services. See the guide, http://www.bolagsverket.se/polopoly_fs/1.7771!/Menu/general/column-content/file/starting_up_a_business.pdf
The fee for registering an "AB" or "Ltd corporation" is currently 1900 SEK (about €195 or $220).
About SNI - Choose an SNI code(s) for your company registration:
How to get a residency permit?
Migrationsverket Or Migration Board for work and residency permits.
If you are a Nordic citizen (Denmark, Finland, Iceland, Norway, Sweden), you do not need to register with the Migration board or apply for a residence permit. If you are from EU/EEA/Switzerland you need to register and apply. Once approved you can file for a personal identification number / tax id at Skatteverket (Swedish Tax Agency).
If you are from other areas of the world, you need to apply for residency with the intent to start business before you come to Sweden.
How to get a personal identification number / Tax id?
Skatteverket or the Swedish Tax Agency will guide you at http://www.skatteverket.se/servicelankar/otherlanguages/inenglish.4.12815e4f14a62bc048f4edc.html
Once you have got your id(s), you can apply for a bank account at one of the banks:
How to get a Swedish Business Banking Account?
About Stockholm - Sweden
Do your research before you jump into Sweden and the Swedish market.
Business Sweden, The Swedish Trade and Invest Council can guide you and have a network of regional contacts.
Startup Stockholm is an organization with cooperation between the City of Stockholm, SEB bank and ALMI Business partner where you can get free advice.
Cost of Living in the Stockholm area
NUMBEO is an excellent site for comparing cost of living in Stockholm with the city and country you are living in today. Food and alcoholic beverages are with exception of Oslo, Norway more expensive than the neighboring countries. The alcohol tax is with exception of Norway much higher in Sweden than other countries. The biggest headache for moving to Stockholm is the severe shortage of apartments so second hand rent is very expensive. A popular place to look for apartments is Blocket.
Startup Support Services and Local Ecosystem Resources
Stockholm Tech http://stockholmtech.se/
Stockholm Tech is a portal for co-working spaces and events.
SUP46 - Startup People of Sweden http://sup46.com/
Stockholm Fintech hub is the latest startup hub focusing on the financial ecosystem. A summary of companies and activities below:
For a list of companies, see the interactive map here: http://data.stockholmfin.tech/
The Stockholm Fintech hub is a member of the Global FinTech Hubs Federation and thereby provide international access to 40+ hubs around the world. See: http://thegfhf.org
Two good reports to read to learn more about the fintech industry in Sweden:
STING - Stockholm Innovation and Growth http://www.stockholminnovation.com/en/
STING has two main programs, accelerator and incubator in addition to financing. For a list of all startups companies see http://www.stockholminnovation.com/en/sting-companies/
Stockholm Impact Hub http://stockholm.impacthub.net/
THINGS is a hardware oriented incubator with co-working space for startups who are developing software and services oriented towards hardware like IoT and wearables. THINGS is owned by STING. For a list of all startup companies, see http://www.thingstockholm.com/members/ and http://www.thingstockholm.com/things-alumni-1
THINGS has co-working space next to KTH Stockholm Campus.
Events and Meetups
Kista Science City http://www.kista.com/
RISE - Research Institutes of Sweden https://www.ri.se/divisioner/rise-ict
RISE ICT does applied research to provide solutions to current and future demands within Communications and Information Technology. RISE ICT consists of three divisions:
RISE arranges seminars on hot ICT topics.
Stockholm Tech Meetup https://sthlmtechmeetup.confetti.events/
Sthlm Tech is arranging monthly events at Hilton Hotel, Slussen, Stockholm. http://www.hiltonhotels.com/sv_SE/sverige/hilton-stockholm-slussen/
Right now they have a summer break and will be back again Oct 10.
Some Meetup Groups related to Startups
KI - Karolinska Institutet
KI is focusing on education and research in medicine.
KTH - Royal Institute of Technology
KTH is focusing on education and research in technology.
HHS - Stockholm School of Economics
HHS is focusing on education and research in business and finance.
SSES - Stockholm School of Entrepreneurship
SSES is an independent collaboration between Karolinska Institutet (KI), the Royal Institute of Technology (KTH), the Stockholm School of Economics (SSE), Stockholm University (SU) and the University College of Arts, Crafts and Design (Konstfack). Its mission is to foster knowledge and passion in applied and interdisciplinary entrepreneurship. By uniting the region’s leading universities, SSES promotes a unique mix of backgrounds and competencies, complementing its academic course portfolio with a range of extra-curricular activities and events for training in topics relevant to its network, including workshops, international competitions and bootcamps, seminars, events and more.
Pasted from <http://sup46.com/partner/sses/>
STOAF - Stockholm Business Angels
The Focus of STOAF is " is on finding, funding and accelerating the growth of innovative B2B and deep technology companies in Life Science, Industrial Technology and Software." STOAF has 50 angel investors.
Pasted from <http://www.stoaf.se/about-stoaf/>
FundedByMe has become the rising star of Swedish crowdfunding.
Funding and Venture Capital
ALMI Invest is a government agency.
Bonnier Growth Media is part of Bonnier AB, an international media house with headquarters in Stockholm. We invest in and develop new digital and media opportunities in growing markets where we can leverage our media know-how and other assets within the Bonnier Group. We consist of a group of exciting companies with a combined turnover of SEK 2 billion and offices in Stockholm, Gothenburg, Oslo, Copenhagen, Toronto, San Fransisco, Malta, Helsinki, and New York. Some of our investments include Toca Boca, FLX, Abios Gaming, United Screens and Kit. Pasted from <http://sup46.com/partner/bonnier-growth-media/>
Creandum is an independent- and partner owned venture capital firm based in Stockholm investing in outstanding entrepreneurs building innovative and fast-growing technologycompanies in Northern Europe. Pasted from <http://sup46.com/partner/creandum/>
EQT Ventures is a new European VC fund with commitments of just over €566 million and offices in Stockholm, Amsterdam, London and Luxembourg. Fuelled by some of Europe’s most experienced company builders, EQT Ventures help the next generation of entrepreneurs with capital and hands on support. EQT Ventures is part of EQT, a global leading private equity group, with more than 160 investments and 70 exits. EQT has raised approximately EUR 30 billion, and its companies employ c. 100,000 people and have revenues of approximately EUR 15 billion. Pasted from <http://sup46.com/partner/eqt-ventures/>
Industrifonden is a Nordic venture capital investor, focusing on early-stage tech and life science companies with international potential. We back teams with bold visions and a drive to change the world. Pasted from <http://sup46.com/partner/industrifonden/>
MTGx is the digital incubator and accelerator division of leading international entertainment group Modern Times Group. MTGx is focused on leveraging MTG’s digital assets and content portfolio to provide world class video on demand experiences. MTGx is also committed to finding and developing a portfolio of new entertainment services, and provides centralized digital skills and platforms for Modern Times Group’s businesses across all of its markets. Pasted from <http://sup46.com/partner/mtgx/>
Northzone is a leading technology investment fund with over 85 companies in its portfolio. Founded in 1996, the partnership has expanded to dominate the north European investment market, with a range of notable investments including Spotify, Nimsoft, Avito, Tobii, Pricerunner, StepStone, and Lastminute. Northzone’s aim is to support businesses that truly make a difference. Pasted from <http://sup46.com/partner/northzone/>
Schibsted Growth has Sweden’s largest portfolio of successful Internet companies and brands. We are looking for new high-growth start-ups that we can build to successful companies, in both Sweden and our other 42 markets globally. Some of our local and global success stories include: Blocket, Lendo, Prisjakt, TV.nu, Let’s Deal et al. Pasted from <http://sup46.com/partner/schibsted-growth/>
VINNOVA – Swedish Governmental Agency for Innovation Systems – is Sweden’s innovation agency. We strengthen Sweden’s innovativeness, aiding sustainable growth and benefiting society. VINNOVA invests around SEK 2 billion per year and has about 200 employees, working from offices in Stockholm and Brussels. Pasted from <http://sup46.com/partner/vinnova/>
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