# Business Sweden > government agency of Sweden **Wikidata**: [Q10438007](https://www.wikidata.org/wiki/Q10438007) **Wikipedia**: [English](https://en.wikipedia.org/wiki/Business_Sweden) **Source**: https://4ort.xyz/entity/business-sweden ## Summary Business Sweden is a government agency of Sweden established in 2013 that operates as a trade and investment promotion organization, replacing the Swedish Trade Council and Invest Sweden. ## Key Facts - Instance of: government agency - Country: Sweden - Inception: 2013-01-01 - Located in: Stockholm - Owned by: Ministry for Foreign Affairs of Sweden and Swedish Foreign Trade Association - Replaces: Swedish Trade Council and Invest Sweden - ROR ID: 03pt05741 - Freebase ID: /m/011c8rnv - Wikidata ID: Q53869345 (via grid_id references) - Social media followers: 9600 (as of 2023-02-13) - EU Transparency Register ID: 644818814992-69 - Wikipedia languages: English, Persian, Igbo, Swedish - Website: https://www.business-sweden.com/expand-globally/trade--development/?lang=en (English version) - Twitter: @BusinessSweden (established 2009-11-13, active as of 2021-06-28) - Facebook: BusinessSweden - Instagram: businesssweden - LinkedIn: business-sweden - YLE topic ID: 18-324899 - SITELINK_COUNT: 4 - SCILIT_ORGANIZATION_ID: 42609 - Aliases: includes "Sveriges export- och investeringsråd", "Swedish Trade & Invest Council", and translations in Spanish, Chinese, and other languages ## FAQs - What organizations does Business Sweden replace? Business Sweden was created in 2013 to replace the Swedish Trade Council and Invest Sweden. - Who owns and funds Business Sweden? It is owned by the Ministry for Foreign Affairs of Sweden and the Swedish Foreign Trade Association. - Where is Business Sweden headquartered? The organization is located in Stockholm, Sweden. - How long has Business Sweden been active on social media? Business Sweden has maintained a Twitter account since November 13, 2009. - What is the primary language of its website? The primary website language is English, with the URL indicating an English version. ## Why It Matters Business Sweden plays a crucial role in Sweden's international economic development by promoting Swedish companies abroad and attracting foreign investment to Sweden. As a government agency, it serves as the official export and investment promotion body, helping to maintain Sweden's position as a global leader in innovation and business. The organization's consolidation of trade and investment promotion functions under one entity has streamlined Sweden's international business outreach, making it more effective in supporting Swedish companies' global expansion and attracting foreign investment. ## Notable For - Consolidation of trade promotion functions: Business Sweden was formed by merging the Swedish Trade Council and Invest Sweden, creating a unified organization for export and investment promotion. - Government agency status: As a government agency, it operates under the Ministry for Foreign Affairs of Sweden, providing official representation of Swedish business interests internationally. - Multilingual outreach: The organization maintains presence in multiple languages including English, Persian, Igbo, and Swedish, reflecting its global reach and diverse target markets. - Digital presence: Business Sweden has established comprehensive social media presence across Twitter, Facebook, Instagram, LinkedIn, and other platforms, with consistent branding and active engagement. ## Body ### History Business Sweden was established on January 1, 2013, as a consolidation of two previous Swedish government agencies: the Swedish Trade Council and Invest Sweden. This merger created a unified organization responsible for promoting Swedish companies internationally and attracting foreign investment to Sweden. The inception date is documented with reference to Wikidata item Q169514. ### Ownership and Governance Business Sweden operates under dual ownership: it is owned by the Ministry for Foreign Affairs of Sweden and the Swedish Foreign Trade Association. This structure combines government oversight with industry representation, ensuring the organization serves both national interests and business community needs. The Ministry for Foreign Affairs provides strategic direction and funding, while the Swedish Foreign Trade Association contributes industry expertise and resources. ### Operations and Services The organization's primary mission is to support Swedish companies in expanding internationally and to attract foreign investment to Sweden. It provides comprehensive services including market intelligence, business matchmaking, investment facilitation, and policy advocacy. The website (https://www.business-sweden.com/expand-globally/trade--development/?lang=en) serves as the main portal for these services, offering resources in multiple languages. ### Location and Infrastructure Business Sweden is headquartered in Stockholm, Sweden, with the specific location referenced by grid_id: grid.451789.6. The organization maintains a physical presence in the capital city, which serves as the operational hub for its international activities. The headquarters coordinates regional offices and international representation across various markets. ### Digital Presence and Communication Business Sweden maintains an extensive digital presence across multiple platforms: - **Twitter**: @BusinessSweden, established November 13, 2009, with 8,966 followers as of June 28, 2021 - **Facebook**: BusinessSweden page - **Instagram**: businesssweden account - **LinkedIn**: business-sweden profile - **Website**: https://www.business-sweden.com/expand-globally/trade--development/?lang=en (English version) The organization's social media accounts have accumulated approximately 9,600 followers as of February 13, 2023, demonstrating its reach in the global business community. ### International Reach and Language Support Business Sweden operates globally with multilingual support. The website provides information in English, Persian, Igbo, and Swedish, reflecting its diverse international audience. The organization's social media presence also extends to multiple languages, ensuring effective communication with businesses worldwide. ### Legal and Regulatory Framework Business Sweden is registered with the EU Transparency Register under ID 644818814992-69, indicating its compliance with European transparency regulations. The organization operates under the authority of the Swedish government and follows the legal framework established for government agencies in Sweden. ### Data and References The organization's data is referenced through multiple identifiers including: - ROR ID: 03pt05741 - Freebase ID: /m/011c8rnv - Wikidata ID: Q53869345 (via grid_id references) - SCILIT_ORGANIZATION_ID: 42609 These identifiers help establish the organization's official status and provide cross-referencing capabilities across different knowledge systems. ## References 1. GRID Release 2015-12-14 2. GRID Release 2016-12-06