Norway (Kingdom of Norway) is a state in Northern Europe with a stable economic and political situation, which helps to attract foreign investment to Norway. Under certain conditions, here you can get tax benefits for doing business. Norway allows you to cooperate with international organizations in various industries.
- The capital of the state is the city of Oslo.
- Norway’s population is approaching 5 million.
- The country is administratively divided into 19 regions (country).
- The official language is Norwegian and comes in two forms.
The stability of the economic and political situation are the main factors that affect the investment attractiveness of the country. Therefore, more and more entrepreneurs are seeking to register a company in Norway. About a quarter of all foreign companies registered in Norway are involved in the sale and rental of real estate. Besides, the fish processing business in Norway is very profitable. This area is profitable. Another type of successful company in Norway is travel companies or entertainment centers.
Forms of doing business in Norway
- Limited Liability Company;
- Public corporation;
- General partnership;
- Limited Liability Partnership;
- Private enterprise;
- Branch of a foreign company.
- Among non-residents, the most common forms are LLC and JSC.
The minimum share capital for a limited liability company is NOK 30,000 (this is approximately EUR 3,000). The liability of the participants is limited to the amount of the contributed share capital. To open a company, you must have at least one shareholder and two directors. Possibility of remote company registration.
The minimum share capital for a public limited company is NOK 1,000,000. The company has the right to issue shares. A company in Norway must have at least one shareholder, a general meeting, and a board. The liability of shareholders is limited to the amount of the contributed authorized capital. To open a company, you must have a registered office.
A Norwegian partnership can be registered with at least two members. Members have the right to manage the organization and are responsible for the company’s profit and loss. Partners are divided into limited and general. There are no requirements for the size of the authorized capital.
Registration of LLC in Norway – features.
- The minimum share capital is NOK 30,000.
- Shares of the company cannot be made public and freely transferred.
- The company can have one shareholder and two directors.
Registration of a joint-stock company in Norway. Main provisions.
- The minimum share capital is NOK 100 0000.
- The company is obliged to provide the public with the opportunity to buy shares.
- Ownership is governed by company rules.
What you need to know about registering a general partnership in Norway.
- Activities are regulated by a special Partnership Act.
- Two or more members (common partners) can form a company.
- No minimum capital is required.
Registration of a limited partnership.
- At least two members are required to register this type of company in Norway.
- The minimum authorized capital has not been established.
- The company has two types of partners (general and limited).
To open a company in Norway you need:
- Choose at least 3 company names;
- Determine the legal address and types of activities of the company;
- Determine the composition of the firm’s participants;
- Develop the company’s charter (which can be drawn up by power of attorney);
- Prepare a package of necessary documents;
- Register your business in the Register;
- Get a number for identification;
- Open a bank account to deposit the authorized capital;
- Register the office of the company (if necessary).
Every company must have a registered office in Norway. Any person can be a shareholder of the company. The Board of Directors includes at least two people. The founder of a company in Norway must be over 18 years old. Foreigners are required to have a residence permit.