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Email: info@mevconsultants.com
Register a company in Norway
Company incorporation, bank accounts, accounting services in Norway
Registration packages
Services
Essential
Standard
Premium
Company registration (AS)
Annual registered address
Notary services and company seal
Corporate bank account
Accounting services
Start your company in Norway
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How you can register a company in Norway with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Norway
The Kingdom of Norway is located in Northern Europe on the Scandinavian Peninsula. Norway has a territory of 385,207 square kilometers. Norway has access to the Norwegian Sea and to the Barents Sea, as well as to the Arctic Ocean. Norway borders Sweden, Finland and Russia. The capital city of Norway is Oslo, the largest city and the location of key government institutions. Norway has a population of 5,43 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - Standard tax rate 22%. Tax returns are filed on an annual basis. Advance income tax payments are made in 3 installments
- Dividend withholding tax - Standard tax rate 25%
- Interest withholding tax - Standard tax rate 0%
- Royalties withholding tax - Standard tax rate 0%
- Capital gains tax - Standard tax rate 22%
- VAT - Standard tax rate 25% or reduced rates from 0% up to 12% or tax exempt. Tax returns are filed on a bimonthly or an annual basis
- Personal income tax - from 0% up to 22%.
The following are the most common types of companies to incorporate a company in Norway as:
- Private limited liability company (Aksjeselskap - AS)
- Public limited company (Allmennaksjeselskap - ASA)
- General partnership (Ansvarlig selskap - ANS og DA)
- Limited partnership (Kommandittselskap - KS)
- Cooperative company with a limited liability (Andelslag med begrenset ansvar - BA)
- European company (Societas Europaea)
- Norwegian branch of a foreign company (Norskregistrerte utenlands foretak - NUF).
- Individuals or legal entities that are intending to register a company in Norway can be resident or non-resident in Norway.
- A resident or a non-resident individual can be a company director in Norway. It is required to set up a company in Norway with a Norway resident individual or a EEC resident individual as one of its directors.
- At least 1 shareholder is required in order to register a company in Norway if such company is incorporated as a AS (a private limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Norway in order to establish a company in Norway or to conduct business in the country.
- Minimum share capital that is required in order to start a company in Norway as a AS (a private limited liability company) is NOK 30,000.
- AS registration takes between 10 and 15 business days with the bank account taking up to 5 business days.
- Details of company founders, shareholders and directors after company registration in Norway is complete is publicly available in the state corporate register.
- With our service you can register a company in Norway remotely upon a power of attorney.
Official currency of Norway is Norwegian krone (NOK).
Norway has a highly-developed mixed economy with state ownership in strategic sectors. The government has large ownership positions in key industrial sectors, such as the strategic petroleum sector (Statoil), hydroelectric energy production (Statkraft), aluminium production (Norsk Hydro), the largest Norwegian bank (DNB), and telecommunication provider (Telenor). The country is richly endowed with natural resources including petroleum, hydropower, fish, forests, and minerals. Large reserves of petroleum and natural gas were discovered in the 1960s, which led to a boom in the economy. Norway has obtained one of the highest standards of living in the world in part by having a large amount of natural resources compared to the size of the population.
The GDP of Norway grew by 3.9% in 2021 and amounted to USD 482.2 billion. Tertiary sector makes up 52.51% of the GDP of the country, followed by industry sector at 35.6%, agriculture at 1.6%.
In terms of foreign trade the largest exports of the country are oil, natural gas, petroleum, crude, electrical energy, chemicals, ships, unwrought aluminium, unwrought nickel, fish, fish fillets and fish meat.
Imports of Norway consist of cars and vehicles, electrical equipment, consumer goods, medicaments, structures, plastics, furniture, optical equipment, communication equipment.
Primary trading partners of Norway are Germany, United Kingdom, Sweden, Netherlands, Denmark, Finland, Poland, USA, Belgium, China, Italy and France.
Norway has a highly-developed mixed economy with state ownership in strategic sectors. The government has large ownership positions in key industrial sectors, such as the strategic petroleum sector (Statoil), hydroelectric energy production (Statkraft), aluminium production (Norsk Hydro), the largest Norwegian bank (DNB), and telecommunication provider (Telenor). The country is richly endowed with natural resources including petroleum, hydropower, fish, forests, and minerals. Large reserves of petroleum and natural gas were discovered in the 1960s, which led to a boom in the economy. Norway has obtained one of the highest standards of living in the world in part by having a large amount of natural resources compared to the size of the population.
The GDP of Norway grew by 3.9% in 2021 and amounted to USD 482.2 billion. Tertiary sector makes up 52.51% of the GDP of the country, followed by industry sector at 35.6%, agriculture at 1.6%.
In terms of foreign trade the largest exports of the country are oil, natural gas, petroleum, crude, electrical energy, chemicals, ships, unwrought aluminium, unwrought nickel, fish, fish fillets and fish meat.
Imports of Norway consist of cars and vehicles, electrical equipment, consumer goods, medicaments, structures, plastics, furniture, optical equipment, communication equipment.
Primary trading partners of Norway are Germany, United Kingdom, Sweden, Netherlands, Denmark, Finland, Poland, USA, Belgium, China, Italy and France.
Foreign entrepreneurs expand to Norway and seek to incorporate a company in Norway in order to conduct business in the following sectors:
- renewable energy
- wholesale and retail trade
- life sciences
- space
- battery tech
- ocean tech
- ICT
- digitalisation
- tourism
- maritime services
- seafood sector.
Benefits of registering a company in Norway
Business climate
- Access to EU markets
- Access to the North Sea and to the Barents Sea, as well as to the Arctic Ocean allows to establish a maritime trade
- High productivity and innovation
- Stable economic growth
- Highly-qualified workforce
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Corporate income tax incentive for group taxation
- Interest withholding tax rate is 0%
- Royalties withholding tax rate is 0%
- Corporate income tax incentive for R&D
- Double tax treaties with several jurisdictions
Ease of doing business
- Norway ranks #9 in the global Ease of doing business ranking
- No foreign exchange controls
Register your company in Norway
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