Company formation in Norway

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Price starts from €5,500

Norway is renowned for its stable economy, favorable business climate, and high level of innovation, making it an attractive destination for various entrepreneurial endeavors.

This jurisdiction is the best option for:

  • Maritime and Energy Industries;
  • Agriculture and Agribusiness;
  • Information Technology and Startups focusing on areas like artificial intelligence, biotechnology, green technologies, and telecommunications;
  • Financial Services;
  • Healthcare.

Benefits:

  • Stable Economy;
  • Advanced Infrastructure;
  • Tax Incentives;
  • Skilled Workforce;
  • Favorable Business Climate;
  • Access to Natural Resources.

9th

place Norway takes for ease of starting a business, according to the World Bank

NOK 30,000

minimum paid-up share capital

23%

standard corporate tax

One of the most popular company forms in Norway is the "Aksjeselskap" (AS), which translates to "Limited Liability Company" (LLC) in English

Procedure for registration a company in Norway

Step 1. Initial Setup:

  • Initiating a preliminary project assessment
  • Preparation and filing of the package of documents

Step 2. Company registration:

  • Verification and reservation of the company name at the Norwegian Register of Business Enterprises (Brønnøysundregistrene)
  • Facilitating the notarial process for the company's official registration
  • Opening a bank account and depositing a minimum of NOK 30,000 of the share capital
  • Incorporating the company's data into the Norwegian Register of Business Enterprises
  • Obtaining the Certificate of incorporation issued by the Norwegian Register of Business Enterprises and Articles of Association
  • VAT Registration: If AS turnover is expected to exceed NOK 50,000 in a 12-month period, the company must register for VAT with the Norwegian tax authorities

We also can help with:

  • Company secretarial services
  • Opening bank accounts
  • Preparing apostilled documents
  • Further legal support

Requirements for a AS in Norway

Before deciding to set up a new company in Norway, read the information below to understand the characteristics of a "Aksjeselskap":

The type of company is a "Aksjeselskap" (AS).

Number of directors/shareholders – AS can have one or more shareholders, and at least two directors need to be appointed and one of them has to be a resident of Norway or resident in one of the member states of the European Economic Area.

Number of employees – unlimited.

Share capital – NOK 30,000 (€4,000).

Liability – in an AS, the shareholders' liability is limited to the amount they have invested in the company.

Accounting – the AS is required to maintain proper accounting records and prepare annual financial statements.

Document requirements:

  • 3 options of desired company name;
  • Certified copy of the passports of all participants;
  • For foreigners - residence permit;
  • Copy of a recent utility bill not older than three (3) months;
  • Curriculum vitae;
  • Description of company's activity.

Taxation in Norway:

Corporate tax: 23%.

Personal income tax rates: progressive 0% - 17,5%.

Social security contributions: The employers’ contribution rate varies between 0% and 14.1%.

Dividends: standard tax base for the taxation of dividends is imposed at a rate of 25%.

Value-added tax (VAT): Standard VAT rate in Norway is 25%. Reduced VAT rates are also applied in Norway. On foodstuff and beverages VAT is 15%, certain cultural and sport activities; transport services are 12%, 11,11% on supply of raw fish.

If our proposal is intriguing, we kindly request to book a call with us or send your request via Telegram messenger. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.

Contact Us

If our proposal is intriguing, we kindly request to complete the form provided below to learn more. By doing so, we guarantee access to a comprehensive commercial personalized offer, featuring up-to-date prices and detailed information.

We look forward to the opportunity of collaborating and delivering exceptional solutions that meet and exceed expectations of any Client.

The content of this article is intended to provide a general guide to the subject matter, not to be considered as a legal consultation.