10 reasons why you should consider expanding your business into the Nordic countries
201707.12
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10 reasons why you should consider expanding your business into the Nordic countries

Despite cultural, economical and business  differences the Nordic countries have many positive aspects in common. The choice on where to locate a business in this part of the world will naturally depend on the specific nature of the business in question. Scandicorp will happily discuss with you about the benefits of a particular country for your…

Sweden may cut corporate tax rate down to 20%
201706.21
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Sweden may cut corporate tax rate down to 20%

The Swedish government will propose a corporate tax cut to 20%, down from present 22% according to Finance Minister Magdalena Andersson and Deputy Finance Minister Per Bolund. The corporate tax rate of neighboring Finland has been 20% for some years now. The proposed changes also include limitations to the deductibility of interest payments for companies….

International Women’s Day 2017: Sweden is the best country for women
201703.08
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International Women’s Day 2017: Sweden is the best country for women

Sweden is the best country in the world for women, at least according to a large american survey done by US News & World Report together with University of Pennsylvania and the brand consultants BAV Consulting. The survey ranks 80 countries around the world based on how closely people associate them with certain attributes such…

Finland’s Nokia introducing 4.9G
201702.17
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Finland’s Nokia introducing 4.9G

We are all waiting for 5G smartphones with super speed internet which will also pave the way for new 5G-related services like self-driving cars, large scale Internet of Things as well as new augmented and virtual reality applications, Finnish Nokia recently announced introducing its 4.9G technology. 5G technology networks are expected to arrive in 2018….

The Nordic nations among the most innovative economies
201701.19
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The Nordic nations among the most innovative economies

Bloomberg Markets recently published a survey ”The Battle of Ideas” ranking the most innovative countries in the World. South Korea topped the list. The silver medal was won by Sweden which climbed up one place from last year passing Germany. The Nordic countries are still highly ranked on the list: Finland as number five, Denmark…

Sweden first in Global Sustainable Competitiveness Index
201612.16
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Sweden first in Global Sustainable Competitiveness Index

The Nordic countries ranked as top five overall in this year’s Global Sustainable Competitiveness Index. Sweden as first, followed by Norway, Finland, Denmark and Iceland. Altogether, the index evaluated 180 countries across their natural capital, resource intensity, intellectual capital, social cohesion and governance. The Global Sustainable Competitiveness Index utilizes recognized data sources (the World Bank,…

The Nordic countries lead the world in the rule of law
201610.21
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The Nordic countries lead the world in the rule of law

Denmark, followed by Norway, Finland and Sweden turned out to enjoy the world’s best and fairest rule of law according to a new global ranking report by the World Justice Project (WSP). Rule of law is a fundamental condition for liberal democracy. More than 100,000 households and experts were surveyed to measure rule of law…

201607.06
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Member of the Norwegian-Swedish Chamber of Commerce

Scandicorp, with offices in both Stockholm and Oslo, is now a member of the Norwegian-Swedish Chamber of Commerce in Stockholm. Both Scandicorp and the Chamber of Commerce share a common purpose: to help entrepreneurs and companies in either country to establish a presence in the other country. Scandicorp is convinced that many Norwegian companies would…

Finnish bank launches a credit card that lets users track their carbon footprint
201606.16
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Finnish bank launches a credit card that lets users track their carbon footprint

Baltic Sea Credit Card A small Finnish bank, Ålandsbanken, based on the autonomous Åland Islands but with offices in Finland and Sweden, is launching a new credit card to combat climate change. Made of renewable raw materials This new Baltic Sea Credit Card is made completely of renewable raw materials, is non-toxic and is biodegradable…

201606.10
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Increasing Demand from Property Investors for the Nordics

Catella is a leading specialist in property investments, fund management and banking, with operations in 12 countries across Europe. Catella recently published a Nordic Market Tracker. Investment Opportunities The Northern European property market is increasingly featuring in the pan-European real estate portfolios of institutional investors. Compared with other European countries, the economic transparency and prosperity…

Norway, the happiest, richest, and safest country
201606.01
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Norway, the happiest, richest, and safest country

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The London-based think tank, the Legatum Institute, has again released its annual global Prosperity Index. This year’s index ranks Norway as the most prosperous country among 142 countries. The index compares 89 variables including traditional indicators like per capita gross domestic product and the number of people in full-time work in addition to factors such…

Sweden introduces a long awaited system for Tonnage Tax
201605.25
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Sweden introduces a long awaited system for Tonnage Tax

Yesterday the Swedish government submitted a proposal to the Parliament for a tonnage tax system that allows Swedish shipping companies to operate under competitive conditions similar to other countries in Europe. The aim of the government is to increase the competitiveness of the Swedish merchant fleet and increase the number of Swedish flagged vessels. “Tonnage…

Stockholm – The “Capital of Scandinavia”?
201605.17
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Stockholm – The “Capital of Scandinavia”?

This slogan and brand launched by Stockholm Business Region in 2005 is understandably controversial. The Danes and Norwegians call it “Typical Swedish megalomania”. Naturally, there is no such thing as a capital of Scandinavia just as there is no capital of Europe. The main arguments for Stockholm being the “Capital of Scandinavia”, according to Stockholm…

Nordea Bank launches platform for crowdfunding
201604.26
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Nordea Bank launches platform for crowdfunding

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Sweden’s Nordea Bank, the largest bank in the Nordic region, is launching a platform for crowdfunding where individuals can participate in the financing of unlisted companies through purchasing shares in such companies. The bank appears to be taking up the fight against startups in the fintech business. The platform is being announced today in Finland,…

201604.13
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Invest in Sweden! Economic Boom, Lower Unemployment and Increasing Exports

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Time to invest in Sweden? Yesterday, Swedish Finance Minister Magdalena Andersson raised the economic growth forecast for 2016 and predicted narrowing deficits in the coming years as an economic boom helps the nation cope with a record influx of asylum seekers. Gross domestic product will expand 3.8 percent in 2016 and 2.2 percent in 2017,…

201604.08
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Swedish business culture advice from random Swede

Edit: The video is no longer available. “You will soon be connected to a random Swede, somewhere in Sweden.” 250 years ago Sweden was the first country to abolish censorship. Now Sweden is the first country with its own phone number. Call the Swedish number on +46 771 793 336 and a random Swede will…

201602.22
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Member of the Finnish-Swedish Chamber of Commerce

Scandicorp is today a member of the Finnish-Swedish Chamber of Commerce (FINSVE). The Chamber of Commerce helps especially small and medium sized Finnish businesses in entering the Swedish market. Scandicorp is convinced that many Finnish companies would benefit greatly from a presence in neighboring Sweden. Scandicorp will happily help with company formation and related accounting…

201602.09
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A lesson in Swedish

An Englishman named Colin Moon stated some of the most common polite phrases in Swedish. Read and learn. The Swede is a person of few words. Eng: Excuse me, I didn’t quite catch what you were saying. Swe: Va? (vah?) Literal translation: What? Eng: Sorry for bumping into you like that. So terribly clumsy of…

201601.25
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Finland and Sweden top Net Impact on Global Innovation

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Finland and Sweden rank 1st and 2nd respectively in how its domestic policies support worldwide innovation, according to an analysis released today by the Information Technology and Innovation Foundation (ITIF), a global technology policy think tank. The findings come in a new report assessing 56 countries—which together comprise close to 90 percent of the world’s…

201601.20
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New UK-Sweden tax treaty

The UK-Sweden tax treaty, signed March 26, 2015, entered into force on December 20, 2015, HM Revenue and Customs announced January 13. The treaty replaces a tax treaty signed August 1983. The treaty will take effect in both Sweden and the United Kingdom in respect of taxes withheld at source, for amounts paid or credited…

201512.21
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Nordic countries are the best for business

Forbes gauged the World’s Best Countries for Business by grading 144 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Denmark scored first, Norway third, Sweden fifth, and Finland sixth. New Zeland was second and Ireland fourth. For full article

201512.02
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The Nordic countries among the top five in English skills

The EF English Proficiency Index 2015 (EF EPI) attempts to measure the Worldwide English Proficiency when it comes to English as a Second language. The Nordic countries ranked among the top five in the world: Sweden 1st place, followed by the Netherlands, Denmark, Norway and Finland. This year’s EF EPI report profiles all 70 ranked…

201511.19
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Should we appoint an external auditor or not?

Today the Nordic countries have small company provisions making it unnecessary to appoint an external auditor if certain conditions depending on size of turnover, number of employees, and size of balance sheet are met. In the start-up phase of a company it may seem appropriate to save on costs and revert to the issues of…

High Nordic rankings in ease of doing business
201510.29
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High Nordic rankings in ease of doing business

The Nordic countries ranked high in the world for doing business by the World Bank’s annual Doing Business 2016 report. Surveying a total of 189 countries, the list is widely considered the most authoritative in the world. The index takes into account regulations that affect facilitating the smooth flow of business. A total of 10…

201510.22
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Stockholm and Helsinki as the best cities for digital startups

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Stockholm was ranked third best followed by Helsinki as fourth best among 35 European cities for startups in a recent survey. The index released was created by UK-based innovation charity Nesta as part of the European Digital Forum. It rates cities by how well they create a supportive environment for digital companies, from local business…

201510.16
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Norway’s 2016 budget – lower corporate tax rate

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On October 7th, 2015 the Norwegian conservative government presented both the 2016 budget proposal and a white paper for a tax reform. The budget proposal as well as the white paper have taken into consideration the proposal from the Scheel Committee delivered to the Government on 2 December 2014. Some basic points of the 2016…

201510.01
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Nasdaq to launch first north 25 index

Stockholm, October 1, 2015 — Nasdaq (Nasdaq: NDAQ) today announced the launch of First North 25, a new index for the 25 largest and most traded shares on Nasdaq First North and Nasdaq First North Premier. The First North 25 index will be launched and disseminated on October 15, 2015, and is an important part…

201509.30
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High Nordic rankings in Global Competitiveness

The Global Competitiveness Report 2015-2016 by The World Economic Forum assesses the competitiveness landscape of 140 economies. Switzerland followed by Singapore and the USA topped the list in this year’s study. Finland’s rank was 8th followed by Sweden as 9th. Norway and Denmark were 11th and 12th in overall rankings. The Global Competitiveness Report is…

201509.17
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Where to grow your business 2015

Grant Thornton, a large international network of independent accounting and consulting firms, just published their annual Global Dynamism Index (GDI) report for 2015 “Going beyond borders: Where to grow your business”. This index combines 22 indicators across five growth areas to rank the business growth environment of the 60 largest economies in the world. Finland…

201509.02
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Nordea Bank published an outlook for the Nordic countries

The economic performance of the Nordic countries still varies. Sweden is clearly in the lead, with high growth and rising employment. Also the Danish economy has entered a stable recovery phase, although at a more modest pace. Meanwhile, the otherwise strong Norwegian economy is losing steam due to the sharp drop in oil prices, and…

201508.12
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Advantage of Finland’s lower corporate tax rate

On August 11th the Finnish crane and lifting company Konecranes announced an all-stock merger with the Connecticut based heavy equipment company Terex corporation. The new company will be based in Finland and be an industry leader with $10bn in annual revenues and a combined market value of $5.7bn. According to Financial Times the new company…

201508.12
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Finland and Sweden “Sleeping Giants of Mining”

Finland and Sweden are shaping up as a new exploration frontier for mining companies, as they widen their global hunt for metals from nickel to gold, according to Sirius Resources NL. A lack of exploration around existing mines in the two nations and a natural endowment of metals mark them out as a key target,…