Company in Norway

Michał Gawlak

Michał Gawlak

Partner / Attorney-at-law

General information

  • 23%
    Tax rate
  • 4 weeks
    Time of establishment of the company
  • 30 000 NOK
    Minimum capital

Norway is a combination of free market and government intervention. The country controls key areas, such as the oil sector which accounts for nearly half of exports and over 30% of government revenue. Norway chose to remain outside the EU in a referendum in November 1994. Nevertheless, as a member of the European Economic Area, it contributes to the EU budget. After lackluster growth of less than 1.5% in 2002-03, GDP growth accelerated to 2.5 to 6.2% between 2004 and 2007, partly thanks to oil.

Types of companies

There are several types of businesses for foreign investors:

  • Limited liability company (AS)
  • Branch

Limited liability companies (AS) are the most common corporate status of medium and large businesses. They are usually used by foreign companies to become established in the country.

Company registration procedure

Registration of the company:

  • Preparation of articles of association and the company’s statute
  • Contribution of capital to the account
  • Registration of the company in the Register of Legal Persons of the Central Register Brønnøysund


No restrictions on the number of shareholders, however, a minimum of one shareholder is required to establish a company. Foreign shareholders are allowed.

Management Board:

The company is managed by a Board of Directors elected by the shareholders. The Board may also appoint a Chief Executive Officer, but this is not mandatory.

Registered office:

The Company must have a registered address in Norway.

Time to set up a company:

The time to establish a company is approximately 4 weeks.


The minimum capital is NOK 30000 and must be paid into an account within 3 months of the establishment of the company (a payment confirmation must be provided to the Register).

Taxes and finances

Norway is a country where taxes are relatively high and the corporate tax rate is 28%. The tax system is aimed at financing a range of public and social services, as well as subsidies for certain foods and other goods.

Norway does not offer any reliefs to foreign investors. However, there are tax reliefs related to expenditure on e.g. environmental protection. The Norwegian authorities also support investment in oil extraction, the technology industry, and in less developed regions such as northern Norway.


Under standard procedures in the EU, companies must prepare and publish their financial statements every year. An annual audit is mandatory.

Tax rate• Income tax: 28% • Tax on capital gains: 28% • Tax on interest and royalties:0% • Tax on dividends: 0% (25% for non-residents of the EEA) • Income of foreign companies: 28% • VAT: 25%
Minimum capital30,000 NOK (3000 , entirely paid at the incorporation)
ShareholdersMinimum of one associate
Foreign shareholdersYes
DirectorsHalf the members of the board must reside in Norway
Foreign holdingYes
Legal obligations• Board of directors mandatory. Three members if the total balance is more than 3 million NOK (376,392 ) • Annual audit mandatory
Deadline4 weeks from the receipt of all documents
HeadquartersBusiness address, telephone transfer, fax, and mail. Possibility of having a physical office (prices vary depending on demand)
AccountingAnnual financial report, schedules, and management reporting mandatory, based on an estimated number of monthly bills and a forecast of annual turnover

Do you want to establish a company in Norway?



Contact us by filling out the form at the bottom of the page.
Remember, the more information you provide us at the beginning of cooperation, the sooner we will be able to prepare an offer for you. If we deem it necessary due to the scope of the inquiry, we will offer you a paid consultation aimed at preparing an offer for you with elements of tax planning.



Choose the payment method – we accept transfers and payment by credit / debit card and blik.

The stage of collecting information necessary to establish a company

The stage of collecting information necessary to establish a company

After accepting our offer, we will send you a list of information and documents that we will need to establish a company for you quickly and efficiently. At this stage, our specialists will provide you with professional advice and experience enabling you to efficiently collect the required documents and information.

Receipt of company documents

Receipt of company documents

After registering the company, we will inform you about obtaining the documents – we can send them to you by courier, or arrange their collection at the office. If you have chosen the service of opening a bank account that requires personal appearance, our specialist will provide you with the company’s documents when assisting you in opening a bank account.

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Michał Gawlak

Michał Gawlak

Partner / Attorney-at-law

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