There are advantages and also potential challenges for Northern Ireland companies doing business in Sweden.
Sweden’s approach to international business is modern, open, and friendly. Businesses here welcome international partnerships, and there is a skilled, well-educated workforce. With a corporate tax rate that is low by international standards, Sweden is an easy country to operate in.
Advantages of exporting to Sweden
Sweden can offers numerous benefits to companies looking to do business in the region including
- dual market access allows businesses in Northern Ireland to trade goods freely with France as it is part of the European Union. Read more about how to take advantage of dual market access.
- Sweden’s approach to international business is modern, open, and friendly.
- businesses in Sweden welcome international partnerships, and there is a skilled, well-educated workforce.
- With a corporate tax rate that is low by international standards, Sweden is an easy country to operate in.
- Sweden’s sophisticated consumer market has proven popular with international brands looking to introduce new products.
- Sweden is among the most competitive, innovative, and globalised nations in the world.
- The country provides a stable economy, a skilled labour force, and sophisticated consumers.
- The country is also recognised globally for its favourable business environment, making it an attractive destination for entrepreneurs and companies alike.
Challenges of exporting to Sweden
As a member of the European Union (EU), doing business in Sweden is very similar to doing business in the UK. If your product or service is successful in the UK, there’s a good chance you’ll be successful in Sweden.
However, labour law is intricate and the relationships between employers and unions are strong.
