Norway is one of the most developed countries in Europe and around the world, with an important word to say in the global economic system. The foreign investors who set up a company in this country might be interested in the local commercial legislation and the requirements concerning the special permits…
The Commercial Code in Norway provides that at registration, as well as during its functioning, a Norwegian company must have one or more shareholders. The main role of the shareholder is to invest in the strategy and business plan of a company, in exchange of which he/she is entitled to receive shares from…
The bankruptcy procedure in Norway is regulated by the legal framework adopted by the country in 1984. The process consists in distributing to the creditors the remaining assets of insolvent companies. This transfer is arranged between the debtor and a bank or another legal person, who is entitled to receive compensations from…
A liaison office in Norway, also called a representative office, provides foreign investors with a contact point with the local market in this country. The head office of a company situated abroad can open in Norway a representative office, which does not have the right to undertake commercial tasks but can conduct liaison activities. Our…
The public limited liability company in Norway, or Allmennaksjeselskap (ASA) is one of the legal forms made available to investors through the Company Act, for the establishment of big enterprises, with many shareholders. The popularity of the ASA among foreign investors is explained by the simplicity of its registration procedure and by…
A sole proprietorship in Norway represents the simplest business form in this country. This legal structure can be opened only by one person who is personally liable for all the liabilities and obligations of his/her business. The owner has the entire decision power in his enterprise. If you want to know what…
When two or more partners decide to jointly open a company in Norway, they can register the new enterprise as a general partnership so that the liability of the business to be supported in its entirety by all the partners. There are two main types of partnerships in Norway, on which our consultants in company…
Norway is a member of several trade conventions and has partnerships with other states which grant to this country advantageous conditions and a well organized import-export climate. This makes Norway a good choice for the initiation of a business activity. One of the main exporters of petroleum in Europe, Norway has as principal export destinations Germany…
When an investor decides to open 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 registration of a trademark in Norway has as a main purpose the obtaining of protection for a distinctive image of a company. A foreign investor who wants to open a business in Norway must check first whether the proposed trademark won’t collide with other local trademarks. The authenticity of a trademark grants your business an unique…
