When an investor decides to start a company in Norway, one of his first preoccupations is the opening of a bank account, which provides a vital base for the financial transactions of the company. The requirements for opening a bank account in Norway include a list of documents which need to be presented at…
The taxation system of Norway is very efficient and at the same time very well calculated in order to maintain an continuous investment flow in the economy of the country. The standard rate for VAT is of 25%, but there are as well some reduced rates of 15%, 12%, and 0% which are applied…
There is no specific legislation applicable to holding companies in Norway, however, such enterprises can be established under the local Company Act. It is possible for both local and foreign investors to set up such entities here. Quick Facts Holding company registration services (YES/NO) Our company formation agents can…
Shelf companies, sometimes called ready-made companies, are already established enterprises, very attractive for investors. Thanks to their business maturity, shelf companies provide several advantages such as the acquiring of bank credits in a faster and more simplified fashion. These companies represent an advantageous option for investors interested in starting their business activities in…
Double tax agreements signed by Norway Norway has an extended network of bilateral agreements against the double taxation of incomes and capital of a company with non resident shareholders: Albania, Argentina, Azerbaijan, Australia, Austria, Bangladesh, Barbados, Belgium, Benin, Bosnia and Herzegovina, Brazil, Bulgaria, Cayman Island, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark,…
A branch opened in Norway offers foreign companies the possibility to merchandise their goods and services in the country and conclude new contracts with local businesses. It is not considered a legal entity, so for the major decisions the approval from the parent company is necessary and the liability for its action is also taken by the parent company…
Foreign companies willing to extend their portfolio may choose to start a company in Norway. The two most common business forms that a foreign company may open here are the branch offices and subsidiaries. While the branches have no legal personality and must operate under the direct supervision of the parent company, the subsidiary may take its own management decisions and even though a large…
The first question an entrepreneur must answer is what type of company he can and wishes to register. Depending on the size of the entity, organization form, and the minimum share capital, Norway recognizes two main forms of business: companies (with private or public limited liability) or partnerships (general or limited). Foreign businessmen may also set up sole traders, which represent…
Aksjeselskap(AS), the Norwegian private limited liability company, is a company based on a minimum share capital of NOK 30,000 (approximately EUR 3,850) and with limited liability responsibilities of the shareholders. This type of company may be formed by two or more shareholders. Our Norwegian company formation agents can handle the entire process of setting up this type oflegal entity in Norway.…
