Eternity Law International — News — Company registration in Norway

Company registration in Norway

Published:
December 14, 2020

Norway’s investment attractiveness is determined by the stability of its political and economic fields. The Norwegian jurisdiction offers favorable conditions in order to create and develop a business structure, which is guaranteed to bring great profits in the future. In addition, the respectability of this jurisdiction provides entrepreneurs with the opportunity to establish close partnerships with various international companies.

Organizational forms for company registration

  • LTD. This is the most commonly created form. The minimum registered capital is 30 thousand NOK. It is not provided that the company can be freely transferred. At least one director and shareholder must be included in the company.
  • JSC. This form is in second place in popularity. The minimum charter capital allowed by the Norwegian legislature is NOK 1 million. An OJSC may issue shares for public sale.
  • A limited liability partnership. The company must include 2+ members. Among the partners, there is a division into general and limited. There are no capital requirements.

Taxation system

Compared to the rest of the EU, the Norwegian tax rate is considered average in size. It will not be possible to completely get rid of tax obligations, however, in some cases, the company can count on some privileges. The standard rate is 28%. VAT is 25%. The same indicator applies to dividends. Investors resident in OECD countries are subject to a rate reduced to 15%.

Accounting and reporting

Companies in Norway are not exempt from accounting. This is another difference between this jurisdiction and ordinary offshore companies. Companies are required to audit all financial statements. Such reports must be submitted annually to the respective representative offices. The report contains information on the number of income of the company.

Pros of Norwegian jurisdiction

  • The invested funds are safe and sound, which is facilitated by a favorable economic and investment environment.
  • Respectability. Norway is listed internationally as a country with an excellent reputation, so having a company there is considered an indicator of the success and high professional level of an entrepreneur.
  • Political stability.
  • Clear legislative basis. In addition, the law is loyal to foreigners.
  • You can involve nominees.

If you need to register a company in Norway, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Norway. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

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