Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
How a sound business operating environment supports growth
Sweden is an open, trade-oriented economy with a strong emphasis on supporting enterprise. It is therefore perhaps unsurprising, if still pleasing, to find the economy ranked third for the dynamism of our business operating environment in the Grant Thornton Global Dynamism Index (GDI) 2013. We are behind only Ireland and Canada on this measure in the 60-economy study.
So why is a sound operating environment so important to growing businesses? And what is Sweden doing so well in this area?
A strong operating environment offers key safeguards and security to business leaders. But the weaker the operating environment, the higher the risk of a particular investment. Take the expropriation of YPF from Spanish company Repsol by the Argentinian Government last year. Repsol have still to be compensated, even though Chevron agreed a deal earlier this year to move in and invest. The case highlights the difficulties businesses can face when investing in different jurisdictions. Perhaps tellingly, Spain ranks 21 for the dynamism of its business operating environment, with Argentina down at 55.
Sweden performs well across this category, not ranking outside the top ten for any of the four indicators. The economy ranks second globally for both political stability – only Switzerland is ranked higher – and legal and regulatory risk. This speaks to the stability of the economic and political environment and the transparency which permeates local business operating frameworks.
In terms of policy towards private enterprise and competition, we rank tenth, level with Hong Kong, Switzerland and Singapore. We also rank tenth for our foreign trade and exchange regime, ahead of all our Nordic neighbours. This reinforces the point that Sweden is open to foreign investment. Domestic legislation applies to foreign-owned businesses and there are no restrictions on non-Swedish operations or ownership.
Elsewhere in the GDI, Sweden ranks fourth for science & technology, behind just South Korea, Israel and Finland. This is driven by high levels of R&D (3.4% of GDP) which befits a knowledge-intensive economy which has brought companies such as Skype and Spotify to the world in recent years. Despite lower rankings in the other categories, this supports us to an overall ranking of ninth, just ahead of Norway.
The message from the GDI is clear: Sweden is open for business.
Peter Bodin is Managing partner of Grant Thornton Sweden.