Register Company in Norway

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[av_heading heading=’Register Company in Norway’ tag=’h1′ style=’blockquote modern-quote’ subheading_active=’subheading_below’ show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#ffffff’ subheading_color=’#ffffff’ seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw5ri57′ sc_version=’1.0′ admin_preview_bg=”]
“Fionza Consultants offers comprehensive assistance for clients looking to register a company in Norway. Our all-inclusive service package encompasses Norway company formation, D-number application, the establishment of corporate bank accounts in Norway, and assistance with Norway business visa applications. Fionza Consultants is your ultimate one-stop solution for launching your business operations in Norway in full compliance with legal requirements.”
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[av_notification title=’Norway’ icon_select=’no’ icon=’ue800′ font=’entypo-fontello’ close_btn=” cookie_lifetime=’60’ size=’large’ color=’blue’ custom_bg=’#444444′ gradient_bg_direction=’vertical’ gradient_bg_1=’#000000′ gradient_bg_2=’#ffffff’ gradient_bg_3=” custom_font=’#ffffff’ nb_border=” nb_border_width=” nb_border_width_sync=’true’ nb_border_color=” border=” border_radius=’30px’ border_radius_sync=’true’ box_shadow=’outside’ box_shadow_style=’3px,3px,3px,0px’ box_shadow_color=” sonar_effect_effect=” sonar_effect_color=” sonar_effect_duration=’1′ sonar_effect_scale=” sonar_effect_opac=’0.5′ custom_class=” template_class=” av_uid=’av-llw5rs23′ sc_version=’1.0′ admin_preview_bg=”]
Company Registration – 6 Week
Local Director? – Yes
Eröffnung eines Bankkontos - 4 Wochen
Reisen erforderlich - Nein
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[av_heading heading=’Register company in Norway’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw5s30z’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Registering a company in Norway is a streamlined process when you have the right guidance. Fionza Consultants offers expert assistance, freeing up your time and resources for more critical business tasks.

Our efficient approach ensures a smooth Norway company registration journey, aiming to have your business up and running within the agreed timeframe. Our comprehensive service package covers all your needs for company registration in Norway:

  1. Norway company registration
  2. D-number registration
  3. Lokaler Firmensekretär und eingetragene Adresse
  4. Local nominee resident director
  5. Corporate bank account opening
  6. Annual accounting and tax services.

Choose Fionza Consultants for a hassle-free path to establishing your business in Norway, with a focus on efficiency and compliance.
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[av_one_full first min_height=” vertical_alignment=’av-align-top’ space=” row_boxshadow=” row_boxshadow_width=’10’ row_boxshadow_color=” custom_margin=” margin=’0px’ av-desktop-margin=” av-medium-margin=” av-small-margin=” av-mini-margin=” mobile_breaking=” mobile_column_order=” border=” border_style=’solid’ border_color=” radius=” min_col_height=” padding=” av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” svg_div_top=” svg_div_top_color=’#333333′ svg_div_top_width=’100′ svg_div_top_height=’50’ svg_div_top_max_height=’none’ svg_div_top_flip=” svg_div_top_invert=” svg_div_top_front=” svg_div_top_opacity=” svg_div_top_preview=” svg_div_bottom=” svg_div_bottom_color=’#333333′ svg_div_bottom_width=’100′ svg_div_bottom_height=’50’ svg_div_bottom_max_height=’none’ svg_div_bottom_flip=” svg_div_bottom_invert=” svg_div_bottom_front=” svg_div_bottom_opacity=” svg_div_bottom_preview=” fold_type=” fold_height=” fold_more=’Read more’ fold_less=’Read less’ fold_text_style=” fold_btn_align=” column_boxshadow=” column_boxshadow_width=’10’ column_boxshadow_color=” background=’bg_color’ background_color=” background_gradient_direction=’vertical’ background_gradient_color1=’#000000′ background_gradient_color2=’#ffffff’ background_gradient_color3=” src=” background_position=’top left’ background_repeat=’no-repeat’ highlight=” highlight_size=” fold_overlay_color=” fold_text_color=” fold_btn_color=’theme-color’ fold_btn_bg_color=” fold_btn_font_color=” size-btn-text=” av-desktop-font-size-btn-text=” av-medium-font-size-btn-text=” av-small-font-size-btn-text=” av-mini-font-size-btn-text=” animation=” animation_duration=” animation_custom_bg_color=” animation_z_index_curtain=’100′ parallax_parallax=” parallax_parallax_speed=” av-desktop-parallax_parallax=” av-desktop-parallax_parallax_speed=” av-medium-parallax_parallax=” av-medium-parallax_parallax_speed=” av-small-parallax_parallax=” av-small-parallax_parallax_speed=” av-mini-parallax_parallax=” av-mini-parallax_parallax_speed=” fold_timer=” z_index_fold=” css_position=” css_position_location=” css_position_z_index=” av-desktop-css_position=” av-desktop-css_position_location=” av-desktop-css_position_z_index=” av-medium-css_position=” av-medium-css_position_location=” av-medium-css_position_z_index=” av-small-css_position=” av-small-css_position_location=” av-small-css_position_z_index=” av-mini-css_position=” av-mini-css_position_location=” av-mini-css_position_z_index=” link=” linktarget=” link_hover=” title_attr=” alt_attr=” mobile_display=” mobile_col_pos=’0′ id=” custom_class=” template_class=” aria_label=” av_uid=’av-inzslr’ sc_version=’1.0′]

[av_heading heading=’Introduction to register company in Norway’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw5sz7v’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Norway, officially recognized as the Kingdom of Norway, is situated in Northern Europe. In recent years, Norway has emerged as a prime destination for foreign investors, thanks to its robust economic freedom. According to the annual Index of Economic Freedom conducted by The Heritage Foundation and The Wall Street Journal, Norway boasts the 28th freest economy globally, outperforming global averages.

Additionally, Norway ranks 6th out of 190 countries in terms of GDP per capita, calculated through the Purchasing Power Parity (PPP) method, as assessed by the International Monetary Fund. Beyond its impressive GDP per capita, Norway’s strategic geographical location offers businesses access to abundant offshore natural resources.

Norway’s exceptional economic performance, coupled with pro-investment government policies designed to attract foreign direct investments, positions it as an ideal choice for onshore and offshore jurisdictions. With a supportive government and excellent transportation infrastructure, Norway stands as a prime location for businesses seeking opportunities in both onshore and offshore markets
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[av_heading heading=’How long to register Norway company and open corporate bank account?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw5tsvo’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Fionza Consultants offers a streamlined and hassle-free process to register your company in Norway. Once we receive the necessary due diligence documents from directors and shareholders, we initiate a search to confirm the availability of your desired business trade name.

Within just 6 weeks of engaging with us for company registration in Norway, you can expect to receive all the essential documents for your new company. This includes a certificate of formation, memorandum & articles of association, and a register of directors and shareholders.

Following the company registration, we can assist you in opening a corporate bank account, either with a domestic Norway bank or a global overseas bank, depending on your business objectives. As a result, you can anticipate launching your operations and issuing invoices through your Norway Company within a mere 10 weeks after partnering with Fionza Consultants.

For those with an urgent need to do business in Norway, we highly recommend exploring a faster option by acquiring a pre-established Norway shelf company, complete with an existing corporate bank account
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[av_heading heading=’How to register a company in Norway?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw5uzx9′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Fionza Consultants has outlined a comprehensive guide to the typical steps involved in a Norway company registration engagement:

Step 1: Planning and Strategy Our team will thoroughly understand your company, its activities, and requirements. Based on this, we’ll recommend the most suitable business entity for your needs and inform you of any additional prerequisites for company registration in Norway.

Step 2: Obtaining a D-number We’ll assist you in obtaining a D-number, a temporary national ID required for foreign individuals or businesses to operate in Norway. This involves an application to the Brønnøysund Register Centre.

Step 3: Pre-registration Requirements Ensure that you meet all requirements for your chosen business entity. Fionza Consultants will assist in depositing the required capital into your share capital bank account, varying depending on your chosen legal structure.

Step 4: Reserve Preferred Company Name We’ll check the availability of your desired business name with the Norway company register.

Step 5: Preparation and Submission of Relevant Documents Once the capital is deposited, we’ll prepare and submit necessary documents, such as Memorandum and Articles of Association, application forms, director and shareholder information, proof of address, and more. This process can be completed remotely, eliminating the need for you to travel to Norway.

Step 6: Post-Registration After your company is successfully registered, we’ll send you the incorporation documents to your preferred location, enabling you to commence business activities.

Step 7: Opening a Corporate Bank Account Our team of experts will facilitate the opening of a corporate bank account with the most suitable bank in Norway for non-residents. Leveraging our extensive banking network, we ensure a smooth process for your newly incorporated firm.

Step 8: Tax Registration Fionza Consultants will guide you through the tax registration process with the Norwegian Tax Administration, obtaining the necessary Tax Identification Number (TIN). Different TIN formats apply to National identity numbers, D-numbers, and Legal Entities.

Step 9: Compliance with Laws Even after registration, we’ll continue to support your compliance with government policies, handling annual tax returns, and ensuring timely preparation of financial statements.

Count on Fionza Consultants for a seamless and efficient company registration experience in Norway.
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[av_heading heading=’Types of companies in Norway’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw641m6′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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“Before embarking on the process of registering a company in Norway, it’s crucial to understand the various types of business entities available. Norway’s government provides foreign investors with multiple options for registering a company, and Fionza Consultants is here to guide you through the steps required for registration with the Ministry of Trade and Industry.

Additionally, corporate entities with an annual net operating revenue exceeding NOK 6 million are subject to mandatory annual statutory audits, typically conducted at the end of each fiscal year. These regular reviews contribute to maintaining business integrity and keeping corruption rates low.

Limited Liability Company (Aksjeselskap – AS)

A Limited Liability Company in Norway is considered a separate legal entity, shielding business owners from personal liability for the company’s debts and liabilities. It’s a popular choice among foreign investors due to limited liability.

To register a Limited Liability Company (Aksjeselskap – AS) in Norway, the following requirements must be met:

  • Norwegian resident manager
  • Locally registered business address
  • At least two Directors, with one being a Norwegian or European citizen
  • At least one shareholder of any nationality
  • Minimum paid-up capital of NOK 30,000 (approximately US $3,600)

Public Limited Company (Allmennaksjeselskap – ASA)

The Norwegian Public Limited Company, known as Allmennaksjeselskap (ASA), is authorized to issue shares and securities to the public. Setting up an ASA entails the following requirements:

  • At least one shareholder of any nationality
  • At least three directors, with two being Norway residents
  • Minimum paid-up capital of NOK 1,000,000 (approximately USD $120,000)
  • Appointment of a statutory auditor

Branch Office

Foreign companies seeking expansion in Norway can establish a Branch Office to represent the parent company. A Branch Office operates in Norway on behalf of the foreign parent company, with the parent company assuming full liability for the branch’s debts.

To establish a Branch Office in Norway, you must meet the following requirements:

  • Norwegian resident manager
  • One shareholder of any nationality
  • Locally registered business address
  • No minimum share capital requirement
  • The Branch Office does not need a separate Board of Directors from the parent company
  • Submission of audited annual financial statements to the Norway Tax Authorities

It’s essential to consult with experts before proceeding with the registration of a company in Norway in any entity form. At Fionza Consultants, our team of experts offers accurate and professional advice. Many international clients opt for a free consultation with Fionza Consultants to make well-informed decisions
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[av_heading heading=’Types of business activities in Norway’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw663jp’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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The Norwegian economy primarily centers on key sectors such as Services, Petroleum, Hydropower, and Shipping. Nevertheless, the Norwegian government is actively promoting digitalization by fostering a FinTech-friendly business ecosystem in recent years. This strategic initiative aims to diversify the country’s economic landscape and reduce dependence on the oil and gas industry, positioning Norway as a burgeoning FinTech hub
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The oil and gas industry plays a pivotal role in Norway’s economy, significantly contributing to its Gross Domestic Product (GDP). Norway ranks as the 14th largest oil exporter globally, and this sector has been a key driver of the nation’s economic growth, supporting the Norwegian welfare state.

The petroleum industry alone accounts for approximately 70% of Norway’s exports. However, global demand for traditional oil and gas has been declining due to increased emphasis on renewable energy sources. Consequently, the Norwegian government is strategically diversifying away from the petroleum sector to prepare for a post-oil future.

As part of this diversification effort, renewable energy sources, particularly hydropower, have gained prominence. Hydropower is a crucial contributor to Norway’s economic growth and constitutes a significant portion of its total power production. Norway even exports renewable hydropower to other countries through subsea high voltage cables, offering lucrative opportunities for foreign investors.

With a workforce of about 78% in the service sector, it is the largest employer in Norway. The service sector is the second-largest contributor to the country’s GDP, with a total turnover of NOK 304 billion.

In recent years, there has been a growing interest in FinTech in Norway, driven by increased demand for global digital connectivity. Norway boasts a robust digital infrastructure, making it an ideal foundation for FinTech businesses. According to the Global Connectivity Index, Norway ranks 8th out of 79 countries, owing to its substantial ICT investment, maturity, and digital economic performance.

To further enhance the startup environment, the Norwegian government is implementing new measures. Innovation Norway is one such governmental initiative aimed at creating a conducive startup ecosystem. Innovation Norway offers grants ranging from 50,000 Kr to 100,000 Kr to help businesses establish a competitive edge. Additionally, they provide valuable networking services to support startups.
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[av_heading heading=’Pros and cons of choosing to register company in Norway’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw6961x’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Norway Business Environment for Foreign Investors

Norway welcomes foreign direct investments with open arms, offering a favorable business environment and robust transportation infrastructure. The country provides numerous incentives to facilitate the integration of international businesses into its economy.

Political Stability in Norway

Norway boasts a strong political foundation, ranking 7th on the Corruption Perceptions Index by Transparency International. This ranking underscores the low risk of corruption in the civic sector, instilling investor confidence. Additionally, Norway’s European Free Trade Association Membership opens up extensive business opportunities across neighboring countries.

Economic Viability

Norway shines on the Global Competitiveness Index, ranking 17th out of 141 countries. Its impressive resource utilization ensures sustainable economic growth. Corporate entities enjoy a relatively low Corporate Income Tax (CIT) rate of 22%, lower than the global average. Norway also boasts the 6th highest GDP per capita, as per the International Monetary Fund.

Social Advantages

Norway excels in English proficiency, ranking 3rd globally on the EF English Proficiency Index. This, along with the country’s 1st place on the Human Development Index, highlights its high living standards and knowledge accessibility. With a population of approximately 5.3 million and a 70% labor participation rate, foreign investors have access to a sizable workforce.

Technological Innovation

Norway is shifting away from its reliance on the oil industry, fostering a tech renaissance. The government encourages global tech startups, creating a vibrant international startup ecosystem. The Ministry of Finance has introduced a regulatory sandbox to support the FinTech sector, enhancing the growth of Norwegian FinTech companies.

Business-Friendly Legal Environment

Norway ranks 9th globally for ease of doing business according to the World Bank. The country’s Free Trade Agreements and the SkatteFUNN R&D tax incentive scheme offer foreign investors opportunities to expand their businesses and enjoy tax benefits.

Environmental Responsibility

Norway stands out on the Environmental Performance Index, ranking 9th out of 180 countries. The country prioritizes environmental preservation while promoting economic growth. With 98% of its electricity production coming from renewable sources, Norway leads in environmental sustainability.

For any inquiries regarding setting up a business in Norway or a comprehensive analysis using the PESTLE framework, Fionza Consultants is here to assist you.
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[av_heading heading=’Norway startup visa’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw6bsv2′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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How to Obtain a Residence Permit in Norway

If you’re looking to secure a residence permit in Norway and apply for various visas, you can follow these straightforward steps:

Step 1: Determine Your Visa Requirement

First and foremost, it’s crucial to establish whether you require a visa. Non-EU/EEA citizens planning to conduct business in Norway must obtain a Residence Permit.

Step 2: Choose the Right Visa Type

There are diverse visa and work permit options available, depending on your specific travel purpose and duration. Fionza Consultants’ expert team will assess your business needs and recommend the most suitable visa type.

Step 3: Fulfill Visa Requirements

Before applying for any visa, you must meet specific requirements. Fionza Consultants will guide you through these prerequisites and assist you in fulfilling them.

Step 4: Visa Application

Once we receive all the necessary documents, including your passport, photographs, and flight details, our experts will initiate the application process with the Norwegian Directorate of Immigration (UDI) on your behalf.

Here are the main types of visas available:

1. Norway Work Visa:

This visa is for employees and entrepreneurs intending to work in Norway. Requirements include vocational training, a valid passport, a job offer from a Norwegian employer, and proof of residence in Norway.

2. Norway Self-Employment Visa:

Ideal for individuals starting a business in Norway. Requirements encompass vocational training, a detailed business plan, minimum profit generation, business permits or licenses, a valid passport, and visa application.

3. Norway Investor Visa:

Designed for those looking to invest in Norwegian markets. Requirements involve a minimum investment amount, proof of sufficient funds, and investments in specific sectors. A valid passport and visa application are also essential.

4. C- Visa:

This short-stay visa is for transit or stays of up to 90 days in the Schengen Area, including Norway. Requirements include a valid passport, travel insurance, and proof of financial means.

5. D- Visa:

This visa is for immediate family members of individuals applying for family immigration or skilled foreign workers awaiting a work visa. Requirements vary but may include a cover letter, a valid passport, visa application, and travel insurance.

Additionally, D- Visas may be issued on a case-by-case basis depending on individual circumstances.

For any assistance or inquiries related to securing a residence permit or visas in Norway, feel free to contact Fionza Consultants.
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[av_heading heading=’Accounting and Tax Obligations’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw6e7cu’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Norwegian corporate entities benefit from a favorable corporate income tax (CIT) rate of 22%, which is notably lower than the worldwide average statutory corporate income tax rate, standing at approximately 24% across 176 jurisdictions.

However, it’s important to note that specific business entities within the financial sector are subject to a slightly higher corporate tax rate of 25%.

In compliance with Norwegian regulations, both public limited companies and branch offices are required to submit their audited financial statements to the Norway Tax Authorities.
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[av_heading heading=’Find out more about how to register company in Norway’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llw6ew91′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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  • Fionza Consultants will be your one-stop solution for you to register company in Norway. Our services include company formation, registered agent, registered address and business bank account opening.

Kontakt to find out more about how to register company in Norway. Our team of experts will revert within the next 24 hours.
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[av_heading heading=’FAQ’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-2uugv3′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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[av_toggle title=’Can a foreigner register a company in Norway?’ tags=” custom_id=” av_uid=’av-llw6gkbd’ sc_version=’1.0′]

  • Yes, foreigners can register a company in Norway and have complete ownership of their business.

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[av_toggle title=’How do I set up an LLC in Norway?’ tags=” custom_id=” av_uid=’av-llw6hyo2′ sc_version=’1.0′]

    For starting your own limited company, you need to follow these steps to complete registering:
  • Obtain a national ID number (D-number) by applying to the Brønnøysund Register Centre.
  • Open a share capital account and deposit a minimum paid-up capital of NOK 30,000 and get a receipt of the same.
  • You must ensure that you meet the following requirements for starting a private company:
    • Local business address
    • Resident manager
    • Minimum two directors, with at least one local
    • Minimum one shareholder of any nationality
  • Reserve your preferred company name with the Norway trade register.
  • Prepare and submit the relevant documents, including the Memorandum and Articles of association, required for incorporation.
  • Open a corporate bank account.
  • Register your business for tax with the Norwegian Tax Authorities and obtain the tax identification number.
  • Throughout this registration process, you will be required to pay the government fees. The costs of incorporating private limited company depend on the services you require from us at Fionza Consultants. This total fee includes a one-time fee of NOK 5570 to be paid to the Register of Business Enterprise and any additional administrative fees.
  • You may also wonder how long to set up a limited company. With Fionza Consultants, this incorporation process will be hassle-free and completed within a period of 10 weeks.

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[av_toggle title=’Is it easy to start a business in Norway?’ tags=” custom_id=” av_uid=’av-llw6iop3′ sc_version=’1.0′]

  • Yes, it is relatively easy to start a business in Norway. Norway has a rank of 25th out of 189 countries in terms of the ease of starting a business. Besides this, the business-friendly policies of the government allow easier conducting of the business. In fact, Norway has a rank of 9th out of 189 in terms of ease of doing business.

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  • Yes, foreigners can buy property in Norway. There is no property tax levied on these individuals. However, a 2.5% transfer tax is levied on each sale.

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  • In order to be a Norwegian citizen, you must have lived in the country for at least seven years out of the past ten years on a valid work permit or visa. Another requirement to be a citizen is to be fluent in the local language of Norwegian.

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  • An EEA (European Economic Area) company is a company that abides by the First Company Law Directive. It is not determined by the geographical location of the company in an EEA country.

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  • Companies in Norway must register for VAT if their annual turnover exceeds NOK 50,000. The standard VAT rate in Norway is presently 25%, which applies to most goods and services. The reduced VAT rate of 15% is levied on food products and beverages, the VAT rate of 5% is levied on cultural and sporting activities and transport services, and the VAT rate of 4% is levied on the supply of fish.

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[av_toggle title=’What business can I start in Norway?’ tags=” custom_id=” av_uid=’av-llw6lgg9′ sc_version=’1.0′]

  • There are multiple business opportunities to choose from when starting a business in Norway. One such opportunity includes starting a business in the FinTech industry. The government has imposed policies to create a better and stronger FinTech ecosystem within the country. With the implementation of a regulatory sandbox, there will be an increase in growth and investment in this sector. Moreover, the authorisation process will be inexpensive and less time-consuming.

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  • In Norway, businesses usually have a flat structure leading to a little hierarchy. With the involvement of employees in the decision-making process, the Norwegian business culture encourages openness and cooperation. There is trust amongst the people and employees are empowered to improve themselves and to strive for greater accomplishments. With willing employees and complete equality, businesses flourish further in this country.

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