This section of our site will provide some insight into both the Swedish and U.S. business climate as well as links to various country agencies, trade councils, tax and customs information, etc. SACC-CO can help you network and find future business partners both in Sweden and in the U.S. We work closely with other international chambers in as well as the Colorado Office of Economic Development and International Trade and can assist your business if you have any questions about export/import, starting a business in Colorado or Sweden.
Doing Business In Sweden
“Sweden offers an extremely competitive, largely corruption-free economy with access to new products, technologies, skills, and innovations,” US Departments of State
Sweden is an export oriented, high tech and diversified economy and is considered one of the world’s most competitive and internationally integrated markets. “With a focus in technology-driven commerce, Sweden’s sizeable trade and foreign investment are only a few signs of the nation’s competitive business.” SACC-USA
Why Sweden? The Swedish Trade and Invest Council has summarized the top 10 reason why Sweden is a great country to both live and do business in and a highly ranked global player:
Sweden has an impressive track record as a leading supplier of innovative solutions and products in a wide range of industry sectors on a global scale. The ability to work across disciplines and bridge corporate and academic research environments makes Sweden eminently placed to deliver results. The Swedish culture is open-minded and readily embraces new ideas and technologies.
In Sweden you get access to the prospering domestic and Scandinavian markets, but also the world’s largest free-trade market – the European Union – with 27 countries and 500 million consumers. Sweden accounts for a major share of both consumers and economic activities in the region. The country is often seen as a frontrunner in adopting new technologies and setting new consumer trends. There are many examples of companies using Sweden as a test market, not least for cleantech products and services.
3 Easy to do business
Sweden has an international business environment that is modern, open and business-friendly. Skilled professionals, smooth business procedures and receptivity to international partnerships make it an easy country to operate in. Information is readily available, open and transparent. To start a company in Sweden is quick and straightforward. Information about the process and necessary forms are readily available online and in English. International companies in Sweden often praise the quality of local advisors and business partners.
4 High productivity
Empowerment of personnel and delegation of decision-making ensures a bottom-up, problem-solving approach that shows impressive results with regards to productivity. Sweden has a long track record of very high productivity, even though there are generous labor regulations regarding vacations, parental leave etc.
5 Central location
Sweden is a prime location for centralized market operations in Northern Europe. and the preferred choice for regional headquarters and multi-country distribution centers, contact centers and shared service centers. It is the only country that offers 24-hour distribution to all major destinations in the region, with advanced distribution and communication infrastructure from ten logistics hubs.
6 A modern workplace
With an abundance of skilled labor, high female participation in the workforce and a consensus on economic restructuring, Sweden has a good platform for a globalized world. Swedish labor relations are generally co-operative and rarely result in open conflict. Demographics are more favorable than in most European countries. Workforce participation of elderly people is high. Workplace education and training, delegation of authority and inclusion in decision-making helps spur innovation and growth.
7 Research & Development
Sweden’s science infrastructure is world-class. High investment in higher education and basic research has propelled Sweden to a prime position among European economies in terms of university enrollment, workforce skills and R&D. Synergies generated by the close connection between Swedish universities, research institutes and the private sector further leverage the R&D output. R&D conducted by multinationals in Sweden exceeds the volume of publicly-financed R&D three-fold.
8 First rate infrastructure
Sweden hosts an excellent infrastructure. It matches or outperforms that of any other European country. Extensive public investment ensures a nationwide network of roads, railroads, waterways, harbors and airports. The challenging exposure to hot summers as well as arctic winters have contributed to high quality and reliability in building and construction, transportation and communications, and also to the competitiveness of Swedish companies in the international market for infrastructure projects.
9 Attractive corporate taxation
Sweden is one of the most competitive locations for corporate taxation in Europe. This is confirmed in comparative surveys and in analysis by international tax consultants. Besides offering an attractive package, Sweden’s corporate tax system is transparent and enables easy access to information. The national tax authority is efficient and service-minded. A number of on-line services save the investor time and money.
10 Quality of life
Living and working in Sweden means being part of a well-functioning society in a dynamic environment. The quality of housing, education and health care is excellent. Sweden offers good scope for balancing a career with family life, and work with leisure. Sweden has long been distinguished for its environmental work and for pioneering reductions of air and water pollution. In most parts of the country there is plenty of free space and easy access to outdoor activities.
Doing Business In the U.S. / Colorado
The U.S. is the world’s largest economy and a hub of innovation. “It’s prime place for international investment in that exactly one-third of the economy is dependent upon global market trade. With recent legislation pushing the U.S. towards “going green,” the American economy is pursuing more and more biotechnological and renewable resource routes in the recent years. “ SACC-USA
If you are looking to invest in the U.S. or relocate, then take a serious look at Colorado. With its thriving economy, highly educated work force and business-friendly environment Colorado is one of the best states in the U.S. for business.
“CO has one of the nation’s most educated, technically savvy workforces” www.advancecolorado.com
Colorado not only has great sunny climate, fantastic ski resorts and access to all types of outdoor activities you can imagine. Colorado also has a highly educated and skilled workforce along with one of the nation’s best business climates. According to a study by the Colorado Office of Economic Development and International trade, Colorado is the:
• 2nd best state in entrepreneurship and innovation – US Chamber of Commerce, 2013
• 2nd best state for entrepreneurship and innovation – Inc. Magazine, 2013
• 2nd best state to start a business – CNBC, 2013
• 3rd most economically competitive state – Beacon Hill Institute, 2012
• 3rd top state for business – CNBC, 2012
• 1st best state for labor supply – Forbes, 2012
For a more complete listing that shows how Colorado continues to be the best place for business, please check out our list of national rankings. Colleges and universities in Colorado are well known for their high standard and offer a wide range of degrees in management, business, engineering and technical areas. Most importantly, most graduates stay in Colorado to pursue their careers and Colorado is according to OEDIT among the nation’s most highly educated populations, ranking 2nd in the number of citizens with a bachelor’s degree.