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

Manimama ensures a seamless company registration process in Norway . Trust us to provide expert guidance and support, so your business can thrive from day one in Norway. Start your journey with confidence, knowing you have the best team by your side.

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Legal Opinion about Norway as a Jurisdiction for Company Formation

Ganna Voievodina

Manimama

CEO

"Norway is an attractive jurisdiction for company formation due to its stable economy, transparent legal framework, and high standards of living. The country offers a favorable business environment with low corruption levels, strong protection of property rights, and an efficient regulatory system. Additionally, Norway's membership in the European Economic Area (EEA) provides access to the European Union's single market, enhancing opportunities for trade and investment".

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Our Packages

Our comprehensive packages simplify the process of setting up the perfect legal entity for your business whether you are a small start-up, a non-profit company, or an international company. Let us guide you through every step, ensuring your business begins on a solid foundation.

Company Formation

Choosing a company name
Registered address for 1 year
Company incorporation on-line or within a notary deal
Banking account for the shared capital
Full set of corporate documents after incorporation

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Corporate Services

VAT registration
Apostille corporate documents
Accounting
Local director

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Payment Options

Payment account in EU EMI
Banking account in EU bank
Corporate account on a crypto exchange
Many other options

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Key Numbers about Incorporations

6 weeks

average term of company formation

аt least 1

shareholder in the company

аt least 2

directors in the company

22%

corporate income tax (CIT) rate

up to 39.6%

personal income tax (PIT) rate

25%

value-added tax (VAT) rate

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Set up Your Company in Norway in Several Steps

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 (~€2,600) of the share capital
Registration in the citizen registry with an identification number - D-number (for foreign citizens that are going to have any official roles in the company)
Incorporating the company's data into the Norwegian Register of Business Enterprises
Obtaining the Certificate of incorporation issued and Articles of Association
VAT registration: if AS turnover is expected to exceed NOK 50,000 (~€4,300) in a 12-month period, the company must register for VAT with the Norwegian tax authorities

Requirements for Company Formation in Norway

Before deciding to set up a new company in Norway, read the information below to understand the characteristics of a Limited Liability Company (LLC) / Aksjeselskap (AS):

Shareholders: at least one shareholder (do not have to be a Norwegian citizen/resident).

Director: at least two directors (one of them has to be a resident of Norway or resident in one of the member states of the EEA).

Company Secretary: not required.

Minimum Share Capital: NOK 30,000 (~€2,600).

Legal Address: a company will need at least a Norwegian business address.

Liability: 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.

Taxes in Norway

Corporate income tax (CIT)

The basic CIT rate of general income is 22%.

Certain companies within the financial sector are assessed at a CIT rate of 25%

Personal income tax (PIT)

The effective PIT rate is determined by combining the PIT flat rate of 22% with the progressive tax:

income up to NOK 180 800 - 0%;
income between NOK 208,051 – NOK 292,850 - 1.7%;
income between NOK NOK 292,851 – NOK 670,000 - 4.0%;
income between NOK 670,001 – NOK 937,900 - 13.6%;
income over NOK 937,901 – NOK 1,350,000 - 16.6%;
income from and including NOK 1,350,001 - 17.6%.

Value-added tax (VAT)

The standard VAT rate is 25% which is applicable to most goods and services not covered by reduced rates.

Reduced VAT rates:

the 15% applies to foodstuffs, beverages, food supplements, and non-prescription medicines;
the 12% applies to certain cultural and sporting events;
the 0% applies to books, e-books, and newspapers.

Double taxation avoidance agreements in Norway: Albania, Argentina, Azerbaijan, Australia, Austria, Bangladesh, Belgium, Benin, Bonaire, Bosnia Herzegovina, Brazil, Bulgaria, Canada, Chile, China, Croatia, Cyprus, Czech Republic, Denmark, Egypt, Estonia, Faroe Islands, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Greenland, Hungary, Iceland, India, Indonesia, Ireland, Israel, Italy, Ivory Coast, Jamaica, Japan, Kazakhstan, Kenya, Latvia, Lithuania, Luxembourg, Macedonia, Malaysia, Malta, Mexico, Morocco, Nepal, Netherlands, New Zealand, Nordic countries, Pakistan, Philippines, Poland, Portugal, Qatar, Romania, Russian Federation, Saba, Senegal, Serbia, Singapore, Slovak Republic, Slovenia, South Africa, South Korea, Spain, Sri Lanka, St. Eustatius, St. Maarten, Sweden, Switzerland, Tanzania, Thailand, Tunisia, Turkey, Uganda, Ukraine, United Kingdom, USA, Venezuela, Vietnam, Zambia, Zimbabwe.

Start Your Company Formation Process with Manimama

There are numerous reasons why Manimama is the leading company formation agent in Norway:

Expertise in Norwegian Regulations

1. Manimama has an in-depth understanding of the Norwegian legal and regulatory framework.
2. Our team ensures all legal requirements are meticulously met for a seamless company formation process.

Local and International Experience

1. With extensive experience in both local and international markets, Manimama can cater to a diverse range of business needs.
2. Our expertise spans various industries, providing customized solutions for each client.

Efficient and Timely Service

1. We pride ourselves on our swift turnaround times, ensuring your company is registered promptly.
2. Our efficient processes minimize delays and get your business up and running quickly.

Client-Centric Approach

1. Manimama prioritizes customer satisfaction by offering personalized support and guidance.
2. Our dedicated team is always available to address any concerns and provide expert advice.

Robust Network of Local Partners

1. We have established strong relationships with local authorities, banks, and service providers.
2. This network ensures that your business receives the best possible support and resources.

Ongoing Compliance Support

1. We provide continuous support to ensure your business remains compliant with Norwegian laws.
2. Our team keeps you updated on any regulatory changes that may impact your company.

Frequently asked questions

What is the most popular type of company in Norway?

The most popular type of company in Norway is the Limited Liability Company (AS).
What is the minimum share capital for a Limited Liability Company (AS) in Norway?

The minimum share capital for a Limited Liability Company (AS) is NOK 30,000.
Is it necessary to have a local director for a company in Norway?

Yes, the company must have at least two directors and one of them must reside in Norway or EEA.
Can a foreigner own a company in Norway?

Yes, foreigners can fully own a company in Norway.
Is there a requirement for a physical office in Norway?

Yes, a registered office address in Norway is required.
Can I form a company online in Norway?

Yes, company formation can be done online via Altinn.
What is the corporate tax rate in Norway?

The corporate tax rate in Norway is 22%.
Do Norwegian companies need to register for VAT?

Yes, if annual turnover exceeds NOK 50,000.

Semen Kaploushenko

Deffio | CEO

"Manimama has proven itself to be a reliable business partner, and the quality of their legal services is beyond praise".

Vadym Grusha

Trustee Plus | Founder & CEO

"When you become a client of Manimamа, you can count on not only that they will provide you with legal services, you can find a partner who will never abandon you if you have problems with a regulator or counterparty".

Yuriy Soshenko

WhiteBit | CLO

"If you seek a law firm that combines deep knowledge with a dynamic approach, Manimama OU stands out as a prime choice".

Manimama as the Best Solution for Your Company Formation in Norway

Choosing the right partner for company registration is crucial for a smooth and successful business launch. At Manimama, our legal experts specialize in navigating complex legal landscapes, providing holistic solutions tailored to your needs.

Comprehensive Legal Expertise
Since our inception, Manimama has been at the forefront of tackling intricate legal challenges with innovative and thorough solutions. Our team of dedicated lawyers evolves alongside our firm, reflecting our people-centric philosophy and commitment to excellence.
Results-Driven Approach
Manimama is a results-oriented law firm that offers an extensive array of legal services to both individuals and corporate entities. We pride ourselves on maintaining the highest standards of integrity and a "client-first" approach, leveraging our extensive skills and knowledge to achieve the best outcomes for our clients.
Global Presence and Local Expertise
Our journey began with the establishment of Manimama OU's first European office in Estonia, a country renowned for its progressive regulation of virtual currencies, international investments, fintech, and gambling sectors. Estonia’s favorable tax system and digital-friendly investment climate provided a robust foundation for our expansion.
Community Commitment
At Manimama, we believe in giving back to society and making a positive impact. Our commitment to social responsibility is integral to our operations, ensuring that we contribute to making the world a better place while helping our clients achieve their business goals.

By choosing our company formation service in Norway, you are partnering with a law firm that values integrity, expertise, and client satisfaction. Let us help you set up your company in Norway and pave the way for your business success.