- Country Guide
- Sweden
Sweden
Last Update by Marta, 13 Dec 2024
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Exchange Rate
22 Jan 2025
Cost of Living
Indicative value for a working adult in a city: Stockholm
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (SEK) |
|---|---|
| McDonalds Set Meal | 110 |
| Monthly Train and Bus Tickets | 1020 |
| 3 Bedrooms Rental (City Center) | 27,546 |
| 3 Bedrooms Rental (Outskirt) | 17,700 |
Current Inflation Rate
1.9%
Wage
Minimum Wages
- There is no national minimum wage
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (SEK) |
|---|---|
|
Entry-Level
Fresh Graduate
|
25,800 |
|
Mid-Level
5 Years
|
46,000 |
|
Experienced & Managerial Level
10 Years
|
75,600 |
|
Specialized & Senior-Level
15 Years
|
84,800+ |
Annual Salary Growth
3%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Health Insurance | 3.55% | All staff | |
| Parental Insurance | 2.60% | - | All staff |
| Supplementary Pension | 0.60% | All staff | |
| Work Injury | 0.20% | - | All staff |
| Labour Market Fee | 2.64% | - | All staff |
| Pension Insurance | 10.21% |
7% Based on income up to 599,250 SEK per year |
All staff |
| Payroll tax | 11.62% | - | All staff |
Other Benefit
Other common employment benefits in Sweden include:
- Phone Allowance: Around 100 SEK / month
- Meal Allowance: Around 300 SEK / day
- Christmas gifts: Around 550 SEK/ one time payment
- Work from Home Allowance: 170 SEK/ month
Income Tax
Residents
-
Tax period: 1st January-31st December
Filing start date: 2nd May
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 598,500 | 0% |
| > 598,500 | 20% |
Non-residents
- Flat rate - 25%
-
A tax resident is an individual who meets one of following criteria:
- Permanent residence in Sweden
- Continuous stay exceeding 6 months
Working Hours
Statutory
40 Hours
8 hours a day, 5 days a week
Typical practice
40 Hours
Monday-Friday
Overtime
Maximum 50 hours per calendar month, or 200 hours a year
- The amount of overtime pay depends on the provisions in the collective agreement
Employment Contract
Permanent
Contract Format
Verbal or written.
Written information on contract terms must be provided in writing, within 7 days of employee's employment start date.
In Swedish, a translated copy should be provided if employee does not speak Swedish.
Payroll Currency
SEK
Probation
Up to 6 months
Contract Period
No minimum duration
Termination
The contract may be terminated by the employer, the employee or by mutual agreement
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | - 14 days notice | - 14 days notice | - 14 days notice |
| Notice Period - Regular | - 1 month | - Under 2 years’ service: 1 month - 2-4 years’ service: 2 months - 4-6 years’ service: 3 months - 6-8 years’ service: 4 months - 8-10 years’ service: 5 months - Over 10 years’ service: 6 months |
- Under 2 years’ service: 1 month - 2-4 years’ service: 2 months - 4-6 years’ service: 3 months - 6-8 years’ service: 4 months - 8-10 years’ service: 5 months - Over 10 years’ service: 6 months |
| Severance Pay | - | - Not mandatory, unless stated in collective agreements - Typical practice: Employers pay severance in addition to notice in a settlement agreement |
- Not mandatory, unless stated in collective agreements - Typical practice: Employers pay severance in addition to notice in a settlement agreement |
Public Holiday
11 days- public holidays that fall on weekends are usually lost
Country Level
| Date | Name |
|---|---|
| 01 Jan | New Year's Day |
| 06 Jan | Epiphany |
| 18 Apr | Good Friday |
| 20 Apr | Easter Sunday |
| 21 Apr | Easter Monday |
| 01 May | May Day |
| 29 May | Ascension Day |
| 06 Jun | National day |
| 08 Jun | Whit Sunday |
| 21 Jun | Midsummer Day |
| 25 Dec - 26 Dec | Christmas Day |
| 31 Dec | New Year's Eve |
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 25 working days | All staff |
| Maternity Leave | 14 weeks | Expectant mothers |
| Paternity Leave | 10 working days | Expectant Parents |
| Parental Leave | 480 working days | Expectant parents (allowance can be shared) |
| Sick Leave |
2-14 working days >14 working days |
All staff paid by employer for first 14 days 80% salary From day 15 paid by government |
Reference
- https://www.numbeo.com/cost-of-living/in/Stockholm
- https://www.skatteverket.se/privat.4.76a43be412206334b89800052864.html
- https://skatteverket.se/privat/skatter/arbeteochinkomst/askattsedelochskattetabeller.4.18e1b10334ebe8bc80005221.html
- https://tradingeconomics.com/sweden/wage-growth
- https://leglobal.law/countries/sweden/employment-law/employment-law-overview-sweden/02-employment-contracts/
- https://www.salaryexplorer.com/average-salary-wage-comparison-sweden-c209#:~:text=Median%20Salary%20The%20median%20salary%20is%2039%2C000%20SEK%2C,the%20group%20earning%20more%20than%20the%20median%20salary.
- https://www.skatteverket.se/servicelankar/otherlanguages/inenglishengelska/businessesandemployers/startingandrunningaswedishbusiness/declaringtaxesbusinesses/filingapayetaxreturn/employercontributions.4.2fb39afe18dabf1e4d24a3d.html
- https://www.skatteverket.se/privat/etjansterochblanketter/svarpavanligafragor/inkomstavtjanst/privattjansteinkomsterfaq/narskamanbetalastatliginkomstskattochhurhogarden.5.10010ec103545f243e8000166.html
- https://taxsummaries.pwc.com/Sweden/Individual/Other-taxes
- https://www.government.se/government-policy/labour-law-and-work-environment/1982673-working-hours-act-arbetstidslagen/
- https://vismaspcs.se/ditt-foretagande/skatter/inkomstskatt
- https://www.skatteverket.se/foretag/arbetsgivare/arbetsgivaravgifterochskatteavdrag/arbetsgivaravgifter.4.233f91f71260075abe8800020817.html
- https://www.riksdagen.se/sv/dokument-och-lagar/dokument/svensk-forfattningssamling/lag-198280-om-anstallningsskydd_sfs-1982-80/
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Contact UsCountry Guide - Sweden
Last updated: 13 Dec 2024
Exchange Rate
Currency (SEK)
- 1 CNY = 0.185 SEK
- 1 USD = 1.32 SEK
Other currencies can be retrieved via the country guide link above.
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Labor Cost Calculator
To know the total employer cost for hiring a staff with certain salary, please go to our main site: https://marcopayroll.com
Cost of Living
Indicative value for a working adult in a city: Stockholm
Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff
| Living Requirement | Indicative Amount (SEK) |
|---|---|
| McDonalds Set Meal | 110 |
| Monthly Train and Bus Tickets | 1020 |
| 3 Bedrooms Rental (City Center) | 27,546 |
| 3 Bedrooms Rental (Outskirt) | 17,700 |
Current Inflation Rate
1.9%
Wage
Minimum Wages
- There is no national minimum wage
Median Salary
Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.
| Job Level | Monthly Salary (SEK) |
|---|---|
|
Entry-Level
Fresh Graduate
|
25,800 |
|
Mid-Level
5 Years
|
46,000 |
|
Experienced & Managerial Level
10 Years
|
75,600 |
|
Specialized & Senior-Level
15 Years
|
84,800+ |
Annual Salary Growth
3%
Statutory Contribution
Country Level
| Type | Employer Rates | Employee Rates | Notes |
|---|---|---|---|
| Health Insurance | 3.55% | All staff | |
| Parental Insurance | 2.60% | - | All staff |
| Supplementary Pension | 0.60% | All staff | |
| Work Injury | 0.20% | - | All staff |
| Labour Market Fee | 2.64% | - | All staff |
| Pension Insurance | 10.21% |
7% Based on income up to 599,250 SEK per year |
All staff |
| Payroll tax | 11.62% | - | All staff |
Other Benefit
Other common employment benefits in Sweden include:
- Phone Allowance: Around 100 SEK / month
- Meal Allowance: Around 300 SEK / day
- Christmas gifts: Around 550 SEK/ one time payment
- Work from Home Allowance: 170 SEK/ month
Income Tax
Residents
-
Tax period: 1st January-31st December
Filing start date: 2nd May
Country Level
| Taxable Income | Rate |
|---|---|
| 0 - 598,500 | 0% |
| > 598,500 | 20% |
Non-residents
- Flat rate - 25%
-
A tax resident is an individual who meets one of following criteria:
- Permanent residence in Sweden
- Continuous stay exceeding 6 months
Working Hours
Statutory
40 Hours
8 hours a day, 5 days a week
Typical practice
40 Hours
Monday-Friday
Overtime
Maximum 50 hours per calendar month, or 200 hours a year
- The amount of overtime pay depends on the provisions in the collective agreement
Employment Contract
Fixed-Term
Used for short projects, seasonal employment or temporary roles
Probation
Up to 6 months
Termination
The contract may be terminated by the employer, the employee or by mutual agreement
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | - 14 days notice | - 14 days notice | - 14 days notice |
| Notice Period - Regular | - 1 month | - Under 2 years’ service: 1 month | - Under 2 years’ service: 1 month |
| Severance Pay | - | - Not mandatory, unless stated in collective agreements
- Typical practice: Employers pay severance in addition to notice in a settlement agreement |
- Not mandatory, unless stated in collective agreements - Typical practice: Employers pay severance in addition to notice in a settlement agreement |
Permanent
Probation
Up to 6 months
Termination
The contract may be terminated by the employer, the employee or by mutual agreement
| Voluntary Resignation | Involuntary Termination | Economic Layoff | |
|---|---|---|---|
| Notice Period - Probation | - 14 days notice | - 14 days notice | - 14 days notice |
| Notice Period - Regular | - 1 month | - Under 2 years’ service: 1 month - 2-4 years’ service: 2 months - 4-6 years’ service: 3 months - 6-8 years’ service: 4 months - 8-10 years’ service: 5 months - Over 10 years’ service: 6 months |
- Under 2 years’ service: 1 month - 2-4 years’ service: 2 months - 4-6 years’ service: 3 months - 6-8 years’ service: 4 months - 8-10 years’ service: 5 months - Over 10 years’ service: 6 months |
| Severance Pay | - | - Not mandatory, unless stated in collective agreements - Typical practice: Employers pay severance in addition to notice in a settlement agreement |
- Not mandatory, unless stated in collective agreements - Typical practice: Employers pay severance in addition to notice in a settlement agreement |
Public Holiday
11 days- public holidays that fall on weekends are usually lost
2025
| Date | Name |
|---|---|
Leave
| Leave Type | Entitlement | Notes |
|---|---|---|
| Annual Leave | 25 working days | All staff |
| Maternity Leave | 14 weeks | Expectant mothers |
| Paternity Leave | 10 working days | Expectant Parents |
| Parental Leave | 480 working days | Expectant parents (allowance can be shared) |
| Sick Leave |
2-14 working days >14 working days |
All staff paid by employer for first 14 days 80% salary From day 15 paid by government |
Reference
- https://www.numbeo.com/cost-of-living/in/Stockholm
- https://www.skatteverket.se/privat.4.76a43be412206334b89800052864.html
- https://skatteverket.se/privat/skatter/arbeteochinkomst/askattsedelochskattetabeller.4.18e1b10334ebe8bc80005221.html
- https://tradingeconomics.com/sweden/wage-growth
- https://leglobal.law/countries/sweden/employment-law/employment-law-overview-sweden/02-employment-contracts/
- https://www.salaryexplorer.com/average-salary-wage-comparison-sweden-c209#:~:text=Median%20Salary%20The%20median%20salary%20is%2039%2C000%20SEK%2C,the%20group%20earning%20more%20than%20the%20median%20salary.
- https://www.skatteverket.se/servicelankar/otherlanguages/inenglishengelska/businessesandemployers/startingandrunningaswedishbusiness/declaringtaxesbusinesses/filingapayetaxreturn/employercontributions.4.2fb39afe18dabf1e4d24a3d.html
- https://www.skatteverket.se/privat/etjansterochblanketter/svarpavanligafragor/inkomstavtjanst/privattjansteinkomsterfaq/narskamanbetalastatliginkomstskattochhurhogarden.5.10010ec103545f243e8000166.html
- https://taxsummaries.pwc.com/Sweden/Individual/Other-taxes
- https://www.government.se/government-policy/labour-law-and-work-environment/1982673-working-hours-act-arbetstidslagen/
- https://vismaspcs.se/ditt-foretagande/skatter/inkomstskatt
- https://www.skatteverket.se/foretag/arbetsgivare/arbetsgivaravgifterochskatteavdrag/arbetsgivaravgifter.4.233f91f71260075abe8800020817.html
- https://www.riksdagen.se/sv/dokument-och-lagar/dokument/svensk-forfattningssamling/lag-198280-om-anstallningsskydd_sfs-1982-80/
Contact Info
-
Singapore (Headquarters)
8 Marina Boulevard, MBFC Tower 1, #11-01, Singapore, 018981
+65 6653 4334 -
China (Headquarters)
79 Jianguo Road, China Central Place Tower 2, #09-52, Beijing, 100025
+86 10 6580 0555 -
China (Service Center)
23 Dagong Street, Eton Place Tower 2, Unit 1808, Dalian, 116001
-
United States
445 S Figueroa St, 31st Floor, Los Angeles, California, 90071
-
United Kingdom
71 - 75 Shelton Street, London, England GB
-
Netherlands
Vijzelstraat 68, 1017 HL, Amsterdam
-
Australia
Level 22, Salesforce Tower, 180 George Street, Sydney, NSW 2000