The ISO code of Sweden is SE according to the ISO 3166 standard. The local name of the country is Sverige. Sweden capital city is Stockholm. People in Sweden speak the Swedish language. The largest city in Sweden is Stockholm.
Sweden is located in the UTC +01:00 time zone, which is also called Central European Time or CET. The internet country code top-level domain (ccTLD) for Sweden is .se. Other domains assigned to Sweden are .eu. The domain name .eu is available for use by organizations in and residents of European Union member-states. The International dialing code for Sweden is 46. People in Sweden drive on the right side of the road. Total land area of Sweden is 450,295 km² (approx. 173,859 mi²). Sweden is not a landlocked country. It means that is is bordered by at least one major body of water.
Sweden is located in Europe. Sweden is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Sweden faces various issues, including acid rain damage to soils and lakes, pollution of the North Sea and the Baltic Sea.
Doing business in Sweden
We offer various corporate services in Sweden jurisdiction. These services can serve both, people coming from Sweden and foreigners. If you plan on doing business in Sweden you might be interested in contacting us.
To find out about starting your business in Sweden click on company formation in Sweden.
To find out how to open a bank account in Sweden and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Sweden.
Choose preferred service below or continue reading to find out more about Sweden.
Demographics of Sweden
The total population of Sweden is 9,982,709 people. In Sweden, the population density is 21.7 people per square kilometer (56 per square mile). Because of this statistic, this country is considered to be sparsely populated. The ethnic diversity is almost uniform according to a fractionalization scale which for Sweden is 0.06. Sweden has approximately 1639771 foreign immigrants. The median age is approximately 41.2 years. In Sweden, 94 in every 100 people use internet. Sweden has a Human Development Index (HDI) of 0.898.
The majority religion of Sweden is Christianity, Sweden is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Sweden.
Culture of Sweden
People in Sweden speak the Swedish language. According to data on inbound tourists in Sweden, 5,229,000 tourists arrive in the country each year. The first McDonalds in Sweden was opened on 27 October 1973, and it was located in Kungsgatan 4, Stockholm. One of the most popular national dishes of Sweden is köttbullar. To read more click on culture of Sweden.
Geography of Sweden
Sweden is considered to be a large nation because of its total area. Its total land area is 450,295 km² (approx. 173,859 mi²). Sweden is located in Europe. Its capital city is Stockholm. Sweden has 2 neighbouring countries. Its neighbours include Finland, and Norway. Total length of land borders of Sweden is 2211 kilometers (~854 miles).
The highest point of Sweden is Kebnekaise, with its official height being 2104 m (6,903 ft). Including land mass and EEZ, the total area of Sweden is approximately 611,180 km² (~235,977 mi²). The most notable natural resources found in Sweden are iron ore, copper, lead, zinc, gold, silver, tungsten, uranium, arsenic, feldspar, timber, hydropower.To read more click on geography of Sweden.
Economy of Sweden
The currency of the country is Swedish krona. The symbol used for this currency is kr, and it is abbreviated as SEK. 6.5% of population in the country are unemployed. The total number of unemployed people in Sweden is 648,876. Each year, Sweden exports around $181.5 billion and imports roughly $158 billion. The Gini Index of the country is 24.9. Sweden has a Human Development Index (HDI) of 0.898.The Global Peace Index (GPI) for Sweden is 1.36. Sweden has a government debt of 38.6% of the country's Gross Domestic Product (GDP), as assessed in 2012. Sweden is considered to be a developed nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are iron and steel, precision equipment (bearings, radio and telephone parts, armaments), wood pulp and paper products, processed foods, motor vehicles.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Sweden is $450,517 billion. Each year, consumers spend around $270,762 million. The ratio of consumer spending to GDP in Sweden is 0%, and the ratio of consumer spending to the world consumer market is 0.63. The corporate tax in Sweden is set at 22%. Personal income tax ranges from 31% to 59.7%, depending on your specific situation and income level. VAT in Sweden is 25%. To read more click on economy of Sweden.
Infrastructure of Sweden
Infrastructure quality in Sweden is rated to be at 4.09. It indicates a good quality - roads, railroad, ports and other facilities are adapted and regularly maintained to handle high levels of traffic at all times, as well as most probably there are special facilities for handling high intensity and/or special traffic or vehicles (e.g. motorways a.k.a. autobahns and deepwater ports).
In Sweden, 100% of the population has access to electricity. There are 5,978,000 internet hosts in Sweden. Sweden has 231 airports nationwide.
The logistics performance index of Sweden is 3.96. It indicates a good performance - the logistics system is well prepared and organised, shipments mostly arrive on time and do not suffer damage, and the infrastructure is ready to handle even unpredictably big amounts of traffic as long as it is not overwhelming.
Tracking possibilities for shipments are rated at 3.97. It indicates a good performance - the tracking systems provide detailed and up-to-date information about most of the parameters of shipments, as well as often transcend national (both political and linguisitc) barriers and may be qualified as international shipment tracking systems.
The number of road motor vehicles per 1000 inhabitants in Sweden is 573. To read more click on infrastructure of Sweden.
Politics of Sweden
Sweden, is a unitary parliamentary constitutional monarchy. With regard to political and civil freedoms, Sweden is 1. Citizens in Sweden experience total freedom. The majority of countries in which citizens enjoy expansive civil liberties and political freedoms are representative democracies, in which officials are directly elected by citizens to advocate for their needs and desires. Free countries are often bolstered by healthy economies and high-functioning governments. The head of the government is Carl XVI Gustaf.
According to the World Bank Group, the government effectiveness index of Sweden is 1.79. This indicates that the government of Sweden is very effective. Citizens enjoy highly effective social, public, and civil services, and the overall morale in Sweden is high. Government actions are efficient and expeditious, and dangerous situations are highly unlikely as a result.In Sweden, the legislative power is vested in a The Riksdag. The Global Peace Index (GPI) for Sweden is 1.36. The strength of legal rights index for Sweden is 6. Overall, it is considered to be rather adequate - bankruptcy and collateral laws are able to protect the rights of borrowers and lenders at least decently; credit information is msotly sufficient and generally available. Sweden is a member of the United Nations (UN). On 19 November 1946, it joined the UN as a full member state. Sweden is a member of the European Union (EU). On 19 November 1946, it joined the EU as a full member state. Sweden is a member of the World Bank. To read more click on politics of Sweden.
Environment of Sweden
Sweden emits 5.5 metric tons per capita of CO2. 280730 km² of Sweden's territory is covered in forests. and forest land comprises 62% of all the land in the country. The number of road motor vehicles per 1000 inhabitants in Sweden is 573. To read more click on environment of Sweden.
Company formation in Sweden
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Sweden.
When establishing a company in Sweden, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Sweden that will affect the establishment and growth of one's business. Contact us or click on company formation in Sweden to read additional information when setting up a business.
Bank account opening in Sweden
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Sweden. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Sweden, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Sweden or contact us.