Swedish Limited Partnership (Kommanditbolag – KB)
A full tax-exempt Swedish entity – tax exemption requirements
Partners are not resident in Sweden.
- The business name must contain the word “kommanditbolag” – KB.
- The general partner is personally responsible for the agreements and debts of the limited partnership.
- If you become a general partner in an already existing limited partnership, you will also become personally responsible for the partnership’s previously existing debts.
- If you are younger than 18, you need a guardian’s or chief guardian’s consent to enter into a limited partnership.
- A limited partnership with only natural persons registered as partners must have an auditor if the partnership is considered ‘large’.
- If a limited partnership has legal entities registered as partners, or if the partnership is considered ‘large’, an annual report must be filed.
Share capital requirementsThere is no requirement regarding share capital.
KB tax exemptionsThe partnership’s most frequently cited advantage is its flexibility. Partners are free to organize their relations as they see fit without the restraints of a corporate form. Within the framework of a partnership, complex structures can be set up to allow for many different characteristics and circumstances.
Non-resident partners in case both partners
- are not resident in Sweden;
- place of business and management is based overseas;
- the Limited Partnership (KB) does not generate any sort of income within Sweden.
The Swedish Limited Partnership will be tax exempt in Sweden. Tax liability will fall upon the partners and their tax liability will depend on the taxation regime of the countries where they are currently resident for tax purposes.
Our company licensing services
— What we do and do not do
Our company is EXCLUSIVELY engaged in assisting worldwide clients, either individuals or corporate entities, to get duly and properly licensed with local Regulators and Financial Authorities to get respective official licenses to legally carry out their cryptocurrency or financial related business activities.
TBA & Associates Tax Business Advisors does not provide or carry out any sort of Cryptocurrency or Financial services!
Disclaimer: While TBA & Associates strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact TBA Customer Services for advice on your specific cases.