Benefits of Company registration in Norway
Experts of international activity of the company operate with different countries. If your choose Norway, feel free to contact our company for help. We will advise you in detail about operation in this jurisdiction, help you with the choice of legal form and registration of the company in Norway. You have made the right choice since:
In Norway you can be sure in security of invested funds, as the reliability of the invested capital guarantees favorable investment and economic environment;
Your new company will be included in the prestigious jurisdiction: Norway has the perfect and doubtless reputation on the international business market;
Business details are under conditions of political stability;
The national legislation is simple and understandable, loyal to non-resident companies;
Companies have the opportunity to get tax benefits;
The procedure of registration of a new company in Norway takes short time and does not require full involvement in process for the founder;
You have the right to use services of nominee representatives and maintain confidentiality.
If you compare tax rates in the EU Member States, the Norwegian taxes are considered moderate. One cannot be fully exempted from the tax burden as there is no offshore zone in Norway as such; legal entities can get benefits only under special circumstances and you will be informed of them at personal consultation. The standard payment on income taxes is 28% in Norway, VAT and dividend payment – at 25%, but the rate can be reduced to 15% for investors representing OECD countries.
Types of companies in Norway
You can open a new company in Norway for the following legal forms:
LLC. This form is the mostly sought-after therein since it has the least registration requirements: the contribution of 30000 NOK, one shareholder, one director (transfer of shares is not provided).
JSC. Ranked second as the most popular type of business in the region. At such activity the size of the authorized capital is much higher-1,000,000 NOK, but companies are allowed to issue and sell shares freely.
Partnership. This type of activity limits responsibility of members, but there is no requirement for the amount of the authorized capital, and only one partner is enough for registration.
Our company offers services of registration and servicing of a legal entity in Norway. For you, we offer a full range of legal services, consulting and help with making a choice with legal form of doing business in this country.
We significantly simplify the company registration in Norway for our clients and offer a list of established companies with zero reporting. If there is no suitable company among them, we will create a completely new legal entity as per the legal form chosen by you. In order to register a business, we need the owner data and the name that meets requirements of Norwegian jurisdiction.
The special anti-crisis program that we offer during this tough economic period allows comapny registration in Norway more accessible for domestic business. Now, you do not need to pay the entire cost of registration; make a 50% down payment of the total amount of the contract. You will pay the remainder as we fulfill contractual obligations and deliver a full package of your executed documents to the new company in Norway via courier service to any point in the world.
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FAQ (Frequently Asked Questions)
1. How long does it take to register a company in Norway?
As a general rule, the procedure of company registration in Norway takes between 2 to 5 weeks, depending on the business form chosen for registration.
2. What is the most common type of company in Norway?
Limited liability company is the most common business form in Norway and is usually registered by small and medium businesses.
3. Can a foreigner be the owner and director of a Norway company?
Foreigners in Norway can act as sole proprietors. The sole ownership in Norway doesn’t require a minimum share capital. The founder is taking all the decisions necessary for the good function of the entity and can use the profits after submitting the personal tax income declaration to the tax authorities.
4. What are the requirements to establish a Public Limited Liability AS?
In such a business, the amount of authorized capital is much higher – 1000000 NOK, but the company is allowed to issue and freely sell shares.
The peculiarity of this business is that, unlike the individual entrepreneur, the liability of its participants is limited only to the initial capital contribution. The capital is divided into non-transferable shares. Management is provided by at least one director, who makes day-to-day decisions and reports to a higher authority, the general meeting of shareholders.
5. What are the requirements to establish a Private Limited Liability?
A Norwegian private company with limited liability is a company with a minimum share capital of NOK 30,000 and limited liability of shareholders. This type of company can be formed by two or more shareholders.
6. What is the minimum share capital of a Norway company?
According to current Norwegian law, a company in Norway must have a share capital of at least NOK 30,000.
7. What are the annual costs for maintaining a company in Norway?
Registration expenses for the first year starting from EUR 2000 and for the second year and thereafter, the company’s annual expenses start from EUR 1100 (not including yearly accounting and tax fees).
8. Are there any restrictions on company activities?
According to Norwegian law, there are no restrictions on business operations. If the statute does not specify anything, the organization or institution is allowed to work freely with sales/commercial agents and intermediaries.
9. How can I get more information?
Private Financial Services provides a full range of corporate services in Norway, including company registrations, bank accounts, license assistance, cryptocurrency and fintech projects, the gambling industry, and much more.
The Private Financial Services team will be happy to discuss matters in more detail.