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New firm start ups at record highs

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New firm start ups at record highs
15:32 CET+01:00
The number of newly registered Swedish companies increased by almost 30 percent in November, according to a new report published by financia software firm Visma based on figures from the Swedish Companies Registration Office (Bolagsverket).

6,440 new companies were established in the country, up from 4,996 in the corresponding period of 2009. Since the beginning of the year, the rate of new start ups has increased by 16.9 percent across the country.

Limited companies (aktiebolag) account for the largest part of the increase - up 73.3 percent in November and by 75 percent since the government halved the 100,000 kronor ($14,330) capital investment requirement on April 1st.

Over the same period new registrations of sole traders (enskild firma), trading companies (handelsbolag) and limited partnerships (kommanditbolag) meanwhile declined by 10, 14 and 21 percent respectively.

"That limited companies have become the first choice as companies for many who start their own firm is explained in the halving of the share capital in the spring," said Lars Fredell at Visma in a statement.

"This is a clear example of a rule change which has helped those who want to run their own business, as a limited company exposes an owner to less private financial risk than other kinds of firms."

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