Relocation abroad
More and more Swedes are choosing to settle abroad. What primarily attracts them are better climates, lower taxes, lower living costs, and generally higher quality of life.
At the same time, the tax aspect of being a resident abroad is often both difficult to understand and demanding.
At Nomadtax, we offer advice and assistance with practical aspects such as tax returns, applications, and more, for Swedes residing abroad.
1
Relocation from Sweden
There are several legal aspects that will be crucial in determining how you are taxed after moving from Sweden. The most prominent aspects are your tax residency status in Sweden after relocation, your tax residency status in your new country, and your status according to Sweden's tax treaties with your new country of residence.
We assist Swedish clients with advisory services before, during, and after relocating abroad, ensuring that the client meets the requirements set by applicable legislation and optimizing their tax situation.
2
Tax Returns and Tax Applications
When a Swedish individual moves abroad, there is often an obligation to file tax returns in Sweden. We are responsible for preparing tax returns for expatriate Swedes and ensure that they are prepared correctly, including preparing claims for residency, tax treaties, deductions, and similar matters. We have an extensive network of tax lawyers in a large number of countries, enabling us to provide all the assistance needed for an expatriate Swede - both in Sweden and in the new country of residence.
3
Corporate tax aspects of relocations
It is very common for expatriate Swedes to also own shares in companies. Residing abroad can have a significant tax impact on both the company's taxation and the owner's taxation in relation to dividends, capital gains, and similar matters. Therefore, we provide advisory services regarding the taxation of your company, as well as how you, as the owner, are taxed.
Common issues that arise include the impact of tax treaties on the Swedish "3:12 rules" that affect shareholders in closely held companies. With the right tax optimization, significant savings can often be achieved, and risks can be avoided for an expatriate Swede.
4
Exit Abroad
For those planning to sell shares in a company, it can be attractive to move abroad to take advantage of lower tax on potential capital gains. We investigate your tax situation in relation to relocation to one or more countries, providing comparative calculations regarding the various options.
Contact
Are you in need of tax advisory services for a planned relocation abroad? Get in touch with us to take the first step towards minimizing your tax and improving your quality of life.