The #1 alternative
Commenda vs TMF Group vs Scandicorp
Setting up and running a Swedish AB as a foreigner. Here's how the three compare.
Comparison at a glance
TMF Group and Scandicorp administer the Swedish AB as a service. Commenda runs four product suites across 70+ countries, so one platform takes you from your Swedish entity to a full multi-country group.
Commenda
Global entity management software with complete compliance. Sets up your Swedish AB (Bolagsverket registration, two EEA-resident directors, registered address, bank account, CIT registration) for a published $11,500 and runs it alongside entities in 70+ countries.
TMF Group
Global corporate-services firm with a Stockholm office since 2006, operating across 80+ jurisdictions. Entity management, accounting and tax, corporate secretarial, payroll and HR. Quote-based. Suited to enterprises wanting an established outsourced administrator.
Scandicorp
Nordic corporate-services provider covering Sweden, Finland, Norway, and Denmark. Company formation, administration, and local director services for foreign-owned companies. Quote-based. Suited to founders wanting a Nordic-focused administrator.
Feature comparison
Why we do it better
 | TMF Group | Scandicorp | |
|---|---|---|---|
| Starting price (incorporation) | $11,500 | Quote-based | Quote-based |
| Published pricing | |||
| Bolagsverket registration | |||
| Two EEA-resident directors | |||
| Registered business address | |||
| Corporate bank account opening | |||
| VAT registration & filing | |||
| Annual report & Corporate Income Tax | |||
| Payroll in Sweden | |||
| Transfer pricing (cross-border + CbCR) | Model-specific | ||
| Multi-entity consolidation / audit trail | Model-specific | ||
| Manage entities in other countries | 70+ | 80+ | Nordic region |
| 100+ ERP integration support | |||
| Delivery model | Software platform | Outsourced service | Outsourced service |
Built for different buyers
Pricing compared
Advertised rates as of June 2026. Competitor pricing changes often.
Commenda
$11,500one-time
- Includes Bolagsverket registration, CIT registration, year-1 address, two EEA-resident directors, and bank account
- Renewals: registered address $2,000/yr, two local directors $5,000/yr (yr 2+)
- Modular: VAT registration $750, annual CIT $650/yr, monthly payroll $90/employee
- Customers typically retire 3 to 5 vendors
TMF Group
Quoteper engagement
- No public list price; scoped per engagement across 80+ jurisdictions
- Entity management, accounting and tax, corporate secretarial, payroll and HR as outsourced services
Scandicorp
Quoteper engagement
- No public list price; scoped per engagement
- Nordic company formation, administration, and local director services for foreign-owned companies
How each model works
What's the difference?
How TMF Group and Scandicorp stack up against Commenda for entity management in Sweden.
Commenda: Sweden managed on one software platform with published pricing
- Sets up the Swedish AB (Bolagsverket, two EEA-resident directors, registered address, bank, CIT) for a published $11,500
- Then runs the annual report, Corporate Income Tax, VAT, payroll, and transfer pricing
- Consolidates Sweden with your entities in 70+ countries, one audit trail, 100+ ERP integrations
TMF Group and Scandicorp: Swedish setup and administration as an outsourced service
- Established providers that incorporate and administer the AB and supply resident directors
- TMF Group has local presence across 80+ jurisdictions; Scandicorp is Nordic-focused
- Pricing is quote-based; delivery is an outsourced service rather than a single live platform
Making a decision
Which one should you choose?
The right fit depends on your footprint and stage in Sweden.
Choose Commenda if…
- You operate in Sweden and at least one other country
- You want Sweden managed alongside the rest of your group, with consolidation and 100+ ERP integrations
- You want published pricing, EEA-resident directors, VAT, annual report, CIT, and transfer pricing in one place
Choose TMF Group if…
- You want an established outsourced administrator with local presence across many countries
- You are comfortable with quote-based pricing for a per-engagement service
Choose Scandicorp if…
- Your footprint is Nordic (Sweden, Finland, Norway, Denmark)
- You want a regional administrator with in-house local directors and are comfortable with a quote
Common questions
You can own 100% of a Swedish AB from anywhere, but the board must include at least two EEA-resident directors. If your team is outside the EU/EEA, you cannot register without them. Commenda, TMF Group, and Scandicorp all incorporate the AB and supply the resident directors.
For a single Swedish AB administered by an established outsourced provider, TMF Group and Scandicorp are fair choices. Commenda is the better fit for a cross-border group: it manages Sweden alongside entities in other countries on one software platform, with published pricing, transfer pricing, consolidation, and 100+ ERP integrations.
Commenda's incorporation is a published $11,500, including Bolagsverket registration, two EEA-resident directors and registered address for year 1, CIT registration, and bank account opening. TMF Group and Scandicorp are quote-based, so the figure depends on scope and negotiation.
Yes. A Swedish AB must have at least two EEA-resident directors on its board. Commenda provides both (included in year 1, then $5,000/year for the pair from year 2). TMF Group and Scandicorp also supply resident directors.
Bolagsverket registration takes about two weeks from receipt of complete documents. VAT registration with Skatteverket takes a further 4 to 6 weeks. Wet-ink original documents are mandatory, so plan time to courier them.
100 questions, from real customer calls.
The questions finance teams actually ask about entity management: EINs for non-residents, Delaware vs Wyoming, cleaning up the entities a previous provider left behind, and more. If you're looking for something, you'll find it here.
