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Running your own business abroad

Emigration may but does not have to be based on a monthly-salary job. Moving to Sweden is a great opportunity to open your own business, using the knowledge and experience gained in your home country.

When is the best time to open a business in Sweden, and how do you run it? In order to answer this, especially the first question, you need to analyze various possibilities and discover what may be an attractive product or service for the Swedes.

Skills, talents, education

Before starting a business in Sweden, it is worth taking in account your competences and subject them to a thorough analysis. It is very possible that the education obtained in your home country will be attractive for the Swedes due to its specificity or because it belongs to a scarce field on the Swedish market. If you have schooling, but also completed courses and certificates, it’s time to think about how to turn it all into a business.

Swedes value technical skills related to new technologies, but also typical craftsmanship, which often is scarce on the market. If someone has this type of competence, he has a good chance of using them in a thriving business.

Natural talents and skills

In the world of business apart from the education, specific personal attributes are also playing an important role. Depending on what our mental structure is, we are suitable to run different kinds of activities. Before starting a business, you can take the Gallup test or take other types of tests usually offered by psychologists. Getting to know your skills and innate predispositions, gives excellent feedback on which business you will thrive in, what support you need, which areas will be easy for us to manage, and for which it is better to hire additional people.

Cultural differences as an asset

Starting a business in exile is a great idea for people who want to show that cultural differences more often unite, rather than divide us. Business in Sweden conducted by a person from, for example Poland, can bring a completely new perspective to the world of entrepreneurs and draw attention to aspects that have not been properly exposed.

It is however necessary to pay attention to the trends and cultural direction in which Sweden is heading. Showing for example, Polish culture on the international arena, should always be a positive experience for both parties and expose the opportunities when the business is run in a responsible way.

Taxes? Not that scary

When comparing to Poland, the Swedish tax system is significantly different, also the administrative matters related to setting up a company are slightly different. However, a big plus in Sweden is that the various departments are very helpful when setting up a company, and taxes for novice entrepreneurs are not as high as in Poland.

When setting up a business in Sweden, you must remember to use your education, talents as well as your cultural upbringing, and turn it into your asset.