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Resident in Sweden

Working for my own Ltd UK based Company

Meggity
post 12.Jan.2013, 10:17 AM
Post #1
Joined: 21.Jan.2012

I am considering the move to join my swedish partner in sweden this year, but currently own a small Ltd company in the UK, run from my home, which employs 8 people.

With a manager in place, it has proven successful in the past for me to work remotely from Sweden, managing the admin side of things.

What I am in the dark about is how does the taxation system work for my income, as a resident of sweden?

I currently take the minimum wage needed for NI/Tax etc, and the rest as dividends.

What is payable in the UK? What is needed to be paid in Sweden, and how much worse off will I be?!
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Mo
post 12.Jan.2013, 11:25 AM
Post #2
Location: Stockholm
Joined: 30.Nov.2005

you will need a tax lawyer / accountant - to rely on forum advice is asking for trouble
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Meggity
post 12.Jan.2013, 11:58 AM
Post #3
Joined: 21.Jan.2012

Yes I agree with that, and am currently trying to find an accoutant specialising in the Swedish taxation system, but based in the UK. My current accountant is trying his best to work it out, but I didnt think asking the same questions here would hurt. Some might have been in this situtation before, or can even recommend an accountant. smile.gif
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Mo
post 12.Jan.2013, 12:33 PM
Post #4
Location: Stockholm
Joined: 30.Nov.2005

suggest you search the forums, similar questions have been asked before - the lawyers I used seem to have been acquired in the meantime..
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Taxalien
post 14.Jan.2013, 10:05 PM
Post #5
Joined: 24.Dec.2009

How many owners does the company have? What are the relationships between the owners?

Unless you can answer plenty and none whatsoever the company will be considered a close company, in UK terminology, and you can forget about being able to run the company as you have been.

You will not be able to withdraw dividends without paying 30% in tax and depending on the close status you will not be able to withdraw much before it becomes a question of having to pay NI etc.

I agree wholeheartedly that you need to see a taxation specialist before registering as a resident in Sweden.
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Taxalien
post 14.Jan.2013, 10:16 PM
Post #6
Joined: 24.Dec.2009

Here is some answers from a Swedish tax advisory forum. No happy read for you I am sorry to say.

http://translate.google.com/translate?sl=a...ing&act=url
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jackdunstan
post 17.Jan.2013, 08:10 PM
Post #7
Joined: 23.Nov.2009

You need to prove this to be fact "Wages paid by a foreign employer without a permanent establishment in Sweden" http://www.skatteverket.se/otherlanguages/...8680006199.html

BUT I persume you are an owner or part owner of the company and if you become a resident this may establish a connection see http://www.skatteverket.se/otherlanguages/...b800094764.html and importantly Place of management' part. It all makes sense the swedish government want to make a connection so that theu can tax the company as well as you.
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Kegzmc
post 17.Jan.2013, 08:25 PM
Post #8
Joined: 17.Jul.2012

You can always say nothing if you can manage without a person nummer. I was in same position as you. Paid all my taxes at home for about 4 years. Eventually I bit the bullet and made myself known.

The longer you can last without the more money in your pocket.
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