Capital: Stockholm

Language: Swedish

Currency: Swedish Krona (SEK)

Payroll Cycle: Monthly

Paid Time Off: After working for a company for 12 months, employees in Sweden are entitled to 25 vacation days per year, with no salary deduction. Vacation accrual is mandatory and accounts for 12% of the employee's gross salary.

Public Holidays: New Year's Day, Epiphany, Good Friday, Easter Monday, Labor Day, Ascension Day, National Day, Midsummer's Day, All Saints Day, Christmas Day, St Stephen's Day, 2nd Day of Christmas; Additional regional holidays may also apply.

Individual Income Tax:  The individual income tax ranges from 0% to 20% and is determined by a variety of factors such as marital status, level of income, and so on.

Employer Cost: Approximately 31.42 percent of employee salary.

Employment Contract Details: Employers are required to provide certain information to employees in writing.

 

 

Probation Period: The maximum probation period is six months.

Minimum Wage Requirements: In Sweden, there are no statutory minimum wage requirements.

Working hours and overtime: Normal working hours are typically 8 hours per day and 40 hours per week.