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 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…
Why invest in Norway? Norway is rich in natural resources such as oil and gas, marine resources, forest and minerals. Norway offers an open, stable and competitive business climate with highly skilled labor force. In 2017, Norway is ranked 6 out of 190 countries for Ease of Doing Business by the World…
Why open a holding company in Norway? A holding company is a parent company which holds the shares and has control of its subsidiaries companies. A holding company is often used as an investment vehicle and risk management tool. There are a number of merits of opening a holding company in Norway. In terms…
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,…
Expand a business in Norway Foreign companies willing to extend their portfolio may choose to open 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…
How to open a company in Norway In order to incorporate a company in Norway the investors must draft thearticles of association and other documents such as specimen signatures, special forms or passport copies of the persons interested to open a company in this country. Our specialists in company formation in Norway can assist in draftingthe…
