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Big surge in new business startups

The Local · 1 Jun 2010, 17:59

Published: 01 Jun 2010 17:59 GMT+02:00

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For the first time in years, the number of new businesses grew in all of Sweden's counties, according to statistics compiled by business software company Visma Spcs from the Companies Registration Office (Bolagsverket).

"It is gratifying that the number of new businesses is increasing so much," said Visma Spcs CEO Rolf Dahlberg. "This is proof of the positive developments that began last fall. The figures are even a bit better than the forecast we made for the full year. That is exactly what the country needs."

In May alone, the increase was 46.9 percent compared with the same period last year. The bulk of the increase came from newly registered limited companies (aktiebolag). Last month, 98.2 percent more new companies were registered than in May 2009.

The reduced requirements for capital investment in companies starting on April 1st could be part of the reason behind the increase. For the first time in years, all counties reported a positive development in new businesses.

However, the regional differences are large. In May, the growth of new businesses in Jämtland was highest, more than doubling compared with last year, followed by an 88.4 percent increase in Södermanland and 82.9 percent rise in Västmanland.

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In all of Sweden, 6,030 new businesses were established, mostly limited liability companies, sole proprietorships, partnerships or limited partnerships. That compares with 4,104 in May 2009.

Since January, 27,093 new companies have registered with Bolagsverket, compared with 23,283 in the same period last year.

The Local (news@thelocal.se)

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Your comments about this article

09:35 June 2, 2010 by Nemesis
This is good news.

The next IKEA will come from a small start up.

Small start ups should be nurtured and encouraged.

The government needs to change the tax structure so as to encourage more small start ups.
14:42 June 2, 2010 by Angst
I agree. Though much of the increase in this case is temporary as a result of the soaring rate of unemployment: http://www.thelocal.se/26838/20100525/
21:00 June 4, 2010 by americanska
the real test of the economy is not small start ups. it is turning those into sucessful small and medium size businesses. which the swedish system doesn't support. everyone works for the government or a huge company.
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