Norway

Norway is stable in growth, one of the countries with the lowest corruption rate. Their main industries are oil and gas, but they also have invested in hydropower, what makes them the only country which is almost 100% on renewable electricity. Seafood export is one of their major industries. You must have heard about Atlantic salmon. This product is exported in 101 000 tones.

I you are incorporating in Norway, that means your business in in Norway.

Corporate tax VAT
22% 25%

Limited liability company

AS

Minimum Share capital

30 000 NOK (approx. 3050 EUR)

Registered office required

Yes

Physical office required

No

Min. number of Shareholders

1

Min. number of Directors

1

Local directors required

Yes

Other requirements

At least 50 % of the board members must reside in Norway or another EEA country.

Bank signatory must travel

In many cases not

Timescale for company formation

4 weeks

Timescale for bank account opening

14 days

Timescale for obtaining VAT number

2 weeks

Statutory audit requirements

Yes

Shelf companies available

Yes

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