Local and foreign investors can set up companies to carry out various types of activities in Norway. Among them, there is also the Special Purpose Vehicle (SPV), which has specific characteristics and advantages.
Below, our company formation agents in Norway explain the main steps to open a SPV company in this country. You can rely on us for registering this type of entity here.
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What is a SPV and what are its uses?
The Special Purpose Vehicle or Special Purpose Entity (SPE) is an enterprise usually created by another business, called a parent company, with the intention of protecting its assets. Most of the time, the SPV is used to complete specific projects.
Some of the most common features of an SPV in Norway include:
- it is created for completing a project that may imply certain risks for the parent company;
- its objectives are different from those of the parent company;
- it is an entity with a separate legal status from the parent business.
In Norway, SPVs can also be used to create an investment fund management company. The SPE can be used to administer the assets of various types of funds.
If you want to open a SPV company in Norway, you need to follow the same steps as when incorporating any other business in this country. You can rely on our local specialists for support in this endeavor.
Legal forms that can be used to create a SPV in Norway
In most cases, the private limited liability company can be used to launch an SPE in Norway. It can be used by both local and foreign enterprises, which can enable other participants in the SPV.
The procedure related to the Norwegian company formation process can be completed in a matter of days and implies:
- the trading name reservation step;
- the preparation of the Articles of Association;
- the appointment of a resident director;
- the opening of a local bank account and deposit of the share capital;
- the submission of the documents with the Trade Register;
- the procedure to obtain a tax identification code.
Norwegian SPVs can be created for limited or unlimited periods, depending on the projects to be completed by the parent company. However, this aspect must be specified in the Articles of Association.
With respect to the share capital, the minimum deposit is EUR 3,100 if you decide on a private limited liability company.
Apart from this type of company, it is also possible to use the limited partnership to open a Special Purpose Entity in Norway.
Advantages of a SPE company in Norway
Setting up a SPV company in Norway comes with various advantages, among which we present the following:
- the main shareholder can allow other members to contribute to the share capital
- the SPV can be used to create a startup in Norway, which can often imply taking various risks;
- it can be used to reduce the risks incurred by the parent company with certain project;
- it can also be created to acquire property in Norway.
From a taxation point of view, the SPV will be subject to the corporate tax just like any other domestic company. Our company registration agents in Norway can offer detailed information on all the taxes paid by such entities here.
Number of companies operating in Norway
While not having a specific number of SPVs registered in Norway, we have data on how many businesses were operating in this country in the first quarter of 2025, and which indicates:
- a total number of 16,753 new companies registered in Norway;
- out of these, 8,432 were sole proprietorships;
- there were also 7,908 new private limited companies incorporated.
If you want to open an SPV in Norway, feel free to contact us!