Norway is a very small country situated in Northern Europe and it has a very developed economy - that is why foreign investors will find it as a very suitable destination for company incorporation.
Any person of any nationality or residence can be a shareholder or a director in a Norwegian company. Norwegian companies must also have a board of directors formed by three members or by two members and a deputy board member. At least one half of the members of the board of directors must be Norwegian residents or citizens. Companies in Norway must hold a local registered office.
The first step when registering a Norwegian company is to choose three company names, submit them with the Brønnøysund Register Centre and reserve the most appropriate one depending on its availability.
The next step will be providing identification documents such as:
- passport copies,
- identification cards or driver license,
- a recent utility bill or a bank statement as proof of residential address.
These documents must also be submitted when opening the share capital bank account, along with other application forms or documents requested by the bank.
Foreign investors are also required to apply for a D-number with the Brønnøysund Register Centre, as D-numbers are required for foreign investors that have to deal with the Norwegian authorities.
The D-number is issued by the Office of the National Registrar. The D-number applications will be submitted with the Population Register in Norway along with the notarized copies of the passports. After obtaining the D-number, investors can start preparing the documents for the registration of the company and open the share capital bank account. Once the share capital has been deposited, an auditor will issue a certification stating the money has been blocked. The certificate will be appended to the company’s registration file.
One of the key features of incorporating a company in Norway is that no presentation in front of a notary public is needed in order to submit the registration documentation.
The final step will be submitting the registration file containing all required documents with the Brønnøysund Register Centre and receive the company’s registration number.
BridgeWest provides company formation in Norway. Our assistance includes:
- - drawing up the articles of association;
- - drawing up documents for company incorporation in Norway: specimen signatures, identification papers copies, application form required by the Norwegian Company Registration Office;
- - providing a registered office in Norway on demand; the registered office serves as headquarters for the company in Norway and it will be made public;
- - setting up a bank account for the company in Norway; BridgeWest will help in setting up the share capital bank account, as well as a current bank account once the company is incorporated;
- - recommending a Norwegian accountant, as accounting services are needed for new businesses in Norway.
- Limited liability company in Norway (Aksjeloven, AS) - The Norwegian limited liability company must have at least one shareholder, a general assembly and a management board. The Norwegian AS must also have registered office and must deposit a minimum share capital of 30,000 NOK (approximately 4,000 EUR). The shareholders of a Norwegian AS will be held liable for the company’s debts and obligations to the extent of their share contributions.
- Joint stock company in Norway (Allmennaksjeselskap, A.S.A.) - The Norwegian joint stock company requires a minimum share capital of 1,000,000 NOK (approximately 125,000 EUR). It requires minimum one shareholder, a management board and a registered office. The shareholders will be held liable to the extent of their participation for the company’s debts and obligations.
- Norwegian Branch, Subsidiary or Representative Office - Foreign companies are allowed to set up separate enterprises from the parent company, where the foreign company will be a shareholder in a Norwegian company. Foreign companies can also open extensions of the parent company in Norway.
The corporate tax in Norway is 27%.
The value added tax (VAT) in Norway is 25%, but a reduced rate of 15% applies to foodstuff.
The dividend tax in Norway is 25%, unless double taxation treaties apply. There is no withholding tax on interests and royalties.
BridgeWest is also able to offer ready-made Norwegian companies and VAT registration.
Please contact us for more information regarding how to open a company in Norway and prices.
Entrepreneurs who choose to establish a company in Norway find a welcoming environment, with a stable economy and efficient organization. The main company types are the private and the public limited company. Forming a Public Limited Company (Allmennaksjeselskaper - ASA) in Norway This company type ...
Norway is considered a country with a highly developed, stable and evolving economy which offers several opportunities for both foreign and domestic business investors, providing a simple incorporation procedure. The law provides few requirements in order to establish a Norwegian company and a great ...
The institution responsible with company registration and administering legislation on businesses in Norway is the Brønnøysund Register Centre. It is a government body and functions under the Ministry of Trade and Industry. The institution contributes towards a better organized busines ...
Setting up a business in Norway can be a profitable activity, mostly due to the state's stable economy and encouraging treatment towards foreign investment. Establishing a business in Norway can be done through incorporating a new company subject to taxation and registration. However an already exis ...
1. What is the minimum share capital of a Norwegian AS (Private Limited Liability Company)? The Private Limited Liability Company is the most common business type used in Norway, founded by one or more shareholders who must provide at least 100.000 NOK or approximately 12.800 EUR. 2. What is the mi ...
There are various ways in which a foreign entrepreneur can engage in business in Norway, and obtain profit. Commencing commercial activities can be done by company establishment. There are two ways an investor can set up a company. The first implies the traditional from scratch company establishment ...
1. What is the corporate tax in Norway? Resident companies in Norway are subject to taxation of the corporate tax for worldwide profits and gains, while non-resident companies are subject to corporate tax for the gains and profits made in Norway. The general rate of the corporate tax is ...
1. What is the VAT in Norway? The general VAT rate in Norway is 25% for a wide range of goods and services, as well as imports. However, there are some exceptions, too. A VAT rate of 14% applies to foodstuff. Some services such as accommodation, transportation or broadcasting are subject to a reduce ...
BridgeWest handles company liquidation in Norway. For more information, please contact us. The liquidation of a Norwegian company is following the rules of the Limited Companies Act, Partnerships Act, Cooperatives Act and the Foundations Act. The decision of company liquidatio ...
The main Norwegian non-profit organizations are established as foundations. The foundations are regulated by the “The Foundations Act” which stipulates that these forms of legal entity are funds made available by lawful act with the specific purpose of a non-profit, social, humanitarian, ...
For the incorporation of a Norwegian company (Public Limited Company-Allmennaksjeselskaper – ASA or Private Limited Company-Aksjeselskaper - AS) it’s necessary to appoint company’s directors who will be mentioned in the articles of association (document containing its interna ...
Norway is a highly developed country with a stable and evolving economy which presents a series of opportunities for business investors, both foreign and national. There are few requirements to establish a Norwegian company and the taxes that have to be paid are fairly low. The incorporati ...
Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Oslo, Norway. Alternatively you can incorporate your company without traveling to Norway.
As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Norway.