Sweden Herald - Latest Sweden News | New independent schools prohibited from distributing profits for first five years by Sweden Herald
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The Swedish government is set to introduce a “value‑transfer ban” that will prohibit newly founded independent schools from distributing profits for the first five years, with similar restrictions of three years after a change of ownership and two years following a supervisory order for quality deficiencies. The measures aim to secure long‑term ownership, stabilize school finances and deter unscrupulous operators, requiring principals to keep separate accounts for each school unit and to report fully to the authorities; violations could incur fines and compel repayment of municipal grants. Additional provisions would make it easier for the state to forcibly administer or close independent schools, and require principals planning a closure to notify the municipality by 1 November of the preceding school year. The amendments are slated to take effect on 1 July 2027.
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https://swedenherald.com/article/new-independent-schools-prohibited-from-distributing-profits-for-first-five-years
#Swedishgovernment #SimonaMohamsson #Municipalities #Independentschools #Tradeunions
