Sweden AB

AB is the most common form of legal entity in Sweden, and also the most popular. It can be owned by one or more persons, and the shareholders can be individuals or legal entities. The liability of the shareholders is limited to the shares they hold, and they do not bear personal liability. The directors can be of any nationality, but at least half of the board members and deputy members, and the managing director if one is appointed, must live in the European Economic Area (EEA), unless Bolagsverket grants an exemption. Swedish law has no company-secretary office; if no board member, managing director or authorised signatory is registered as resident in Sweden, the board must authorise one Sweden-resident person to receive legal documents for the company. The registered capital can be in currency, shares, or other property, but it must meet the minimum requirement. The capital verification requirement means that the company must pay in the share capital in full before it is registered to ensure the financial stability of the company.