Main Advantages of Incorporating in Norway
Incorporating a company in Norway offers several strategic advantages. The jurisdiction is recognized for its transparent and stable legal system, strong investor protection, and predictable regulatory environment. The corporate income tax rate is set at 22 percent, and Norway benefits from an extensive network of double taxation treaties (Luxembourg-Norway Double Tax Treaty) that provide relief to cross-border investors. Market access is enhanced through Norway’s participation in the European Economic Area, which ensures alignment with the EU single market framework. Incorporation procedures are digital and conducted through Altinn, reducing bureaucracy and increasing efficiency.
With a minimum share capital of NOK 30,000 for a private limited company (Aksjeselskap, AS), the Norwegian system remains accessible for both local and international small and medium enterprises. Damalion facilitates access to these advantages by structuring companies to maximize compliance and operational efficiency.
Types of Companies in Norway
The Norwegian legal framework recognizes several corporate forms, each tailored to different business objectives. The private limited company (Aksjeselskap, AS) is the most common structure for both operating entities and holding companies.
Larger enterprises intending to raise capital from the public must incorporate as a public limited company (Allmennaksjeselskap, ASA). Foreign companies may operate in Norway through a registered branch (NUF), while entrepreneurs seeking a simplified structure may establish a sole proprietorship (Enkeltpersonforetak).
Additional forms such as partnerships (ANS/DA), cooperatives (SA), and foundations (Stiftelse) provide flexibility for specialized purposes. Damalion facilitates the selection of the appropriate structure by assessing the investor’s sector, business model, and long-term strategy.
Tax Regime and Ongoing Obligations
The Norwegian tax regime is aligned with international best practices, providing clarity and legal certainty. Corporate entities are generally subject to a flat income tax rate of 22 %, although specific industries may be subject to sectoral adjustments.
The value-added tax (VAT) system applies a standard rate of 25 % with reduced rates for certain goods and services. Cross-border payments such as dividends, interest, and royalties may be subject to withholding tax, although relief is often available under Norway’s treaty network. Annual accounts must be prepared and filed in accordance with the Norwegian Companies Act, and audit obligations apply depending on company size thresholds. Employers must comply with payroll reporting and social security contributions.
Company Formation — Step by Step
Incorporation in Norway follows a defined sequence under the supervision of the Brønnøysund Register Centre. The process begins with name clearance and reservation.
The required share capital, in the case of an Aksjeselskap, is deposited into a Norwegian bank account, and confirmation is obtained from the financial institution.
Articles of Association are drafted, and directors or board members are appointed in compliance with European Economic Area residency requirements.
Shareholders and ultimate beneficial owners are subject to Know Your Customer (KYC) and Anti-Money Laundering (AML) verification.
Filing is completed electronically via Altinn, and once the company is registered, it receives an organization number (Org.nr.) that grants legal capacity.
Post-incorporation, companies must register for VAT, payroll, and open operational accounts to commence activity. Damalion supports you each stage of the process, ensuring that all documentation and compliance requirements are satisfied efficiently.
Banking and Substance
A credible Norwegian presence requires more than formal registration. Banking arrangements, registered office services, and governance structures are critical to establishing legal and commercial substance. Norwegian and international banks require robust compliance documentation before opening accounts.
Local presence often involves appointing resident directors or signatories, and in certain cases, securing office space in recognized business districts. We offer you banking introductions and provides access to trusted local directors and corporate service providers, thereby strengthening the credibility and functionality of the Norwegian entity.
Where to Operate
Norway’s key cities offer distinct advantages depending on the sector. Oslo is the nation’s financial and corporate hub, home to technology firms, banks, and headquarters functions, with prominent districts such as Karl Johans gate, Aker Brygge, Tjuvholmen, Stortingsgata, and the Barcode/Bjørvika area.
Bergen remains the center for maritime and ocean industries, particularly around Bryggen, Torgallmenningen, and Nøstet. Stavanger is recognized as the energy capital of Norway, with strong oil, gas, and renewables clusters concentrated around Kirkegata, Skagenkaien, and Østervåg. Trondheim is a research and innovation hub with its technology sector supported by districts such as Munkegata, Olav Tryggvasons gate, Søndre gate, and Solsiden.
Legal Sources for Norwegian Company Setup
The legal framework governing company incorporation in Norway is anchored in statutory law and administered by national authorities.
- The Brønnøysund Register Centre maintains the Register of Business Enterprises (Foretaksregisteret).
- The Altinn platform provides the digital infrastructure for corporate filings.
- The Norwegian Companies Act (Aksjeloven) regulates private limited companies, while the Public Limited Liability Companies Act (Allmennaksjeloven) governs public entities.
- The Norwegian Tax Administration (Skatteetaten) supervises corporate taxation, VAT, and employer reporting, while the VAT Act (Merverdiavgiftsloven) regulates the value-added tax regime. Norway’s participation in the European Economic Area Agreement provides the legal foundation for market access and regulatory alignment.
Damalion facilitates navigation through these legal sources by coordinating filings and ensuring that client structures remain compliant with Norwegian statutory requirements.
How Damalion Helps
Damalion supports entrepreneurs and investors the entire lifecycle of Norwegian company formation. From structuring and incorporation to banking introductions, director appointments, and ongoing compliance, our team provides comprehensive support. By leveraging our knowledge of the Norwegian Companies Act, tax framework, and regulatory authorities, we ensure that foreign investors establish entities that are legally sound, tax efficient, and operationally effective.
Contact your Damalion expert today to launch your company in Norway with full legal compliance and strategic guidance.
Frequently Asked Questions – Register a Company in Norway
1) What is the minimum share capital for an Aksjeselskap (AS)?
The statutory minimum paid-in share capital for an Aksjeselskap (AS) is NOK 30,000. The capital must be subscribed, deposited to a Norwegian account, and confirmed by the bank (or auditor/lawyer where applicable) prior to registration with the Register of Business Enterprises.
2) Can the share capital be contributed in-kind?
Yes. Non-cash contributions are permitted subject to an in-kind contribution report and valuation compliant with the Norwegian Companies Act. The contribution must be fully described in the Articles of Association and supported by auditor confirmation where required.
3) How long does incorporation typically take once documents are complete?
Following name clearance, capital deposit, and submission via Altinn, standard AS registrations are commonly processed within several working days, subject to the Register’s workload and completeness of KYC/AML documentation.
4) Are there residency requirements for directors or the general manager?
At least one member of the board or the general manager must ordinarily be resident within the European Economic Area, unless an exemption is granted. Practical governance solutions are available to ensure continuity and compliance.
5) What is the corporate income tax rate in Norway?
The general corporate income tax rate is 22%. Certain sectors may be subject to special regimes. Tax residence, permanent establishment, and treaty access should be assessed on a case-by-case basis.
6) When must a newly formed company register for VAT?
VAT registration is generally required when taxable turnover exceeds the prevailing threshold (commonly NOK 50,000 within a 12-month period). Voluntary registration may be available for certain activities; timing should be coordinated with first invoicing.
7) Are dividends, interest, or royalties subject to withholding tax?
Withholding tax may apply, subject to domestic exemptions, the shareholder exemption method, and double tax treaties. Treaty relief or EU/EEA directives (as applicable) can reduce or eliminate WHT when conditions are satisfied.
8) What annual compliance filings are required?
Companies must prepare annual financial statements, file the annual tax return and shareholder register statement, and meet bookkeeping/archiving obligations. Audit is mandatory when size thresholds are exceeded; smaller entities may be audit-exempt.
9) Can an AS have a sole shareholder and a sole director?
An AS may be incorporated with a single shareholder. Board composition follows statutory rules; small private companies may operate with a one-tier board structure, subject to optional general manager appointment and EEA residency compliance.
10) What is the process to open a corporate bank account?
Banks perform enhanced KYC/AML on shareholders, directors, and ultimate beneficial owners. Typical documents include Articles of Association, incorporation decision, organization number, and business plan. Damalion facilitates introductions and documentation readiness.
11) How are losses carried forward and are group contributions available?
Tax losses are generally carried forward without time limitation, subject to change-of-ownership and anti-avoidance rules. Norway allows group contributions under defined ownership thresholds, enabling tax-efficient result equalization within a group.
12) What substance is recommended for holding or trading structures?
Substance typically includes local management oversight, a Norwegian registered office, decision-making records, and—where appropriate—resident directors and personnel. Banking, contracts, and governance should reflect genuine decision-making in Norway.
13) Can foreign companies operate in Norway via a branch (NUF)?
Yes. A branch (NUF) enables operation without forming a separate legal entity. It must be registered, keep Norwegian accounts for local activities, and comply with local tax and employment rules. A comparative assessment versus AS is advisable.
14) What are the employer obligations for hiring staff in Norway?
Employers must register as an employer, operate payroll withholding, remit employer’s social security contributions, and comply with employment, HSE, and pension rules where applicable. Reporting is made electronically through the relevant portals.
15) How does Damalion assist with Norwegian company setup and ongoing compliance?
Damalion facilitates end-to-end execution: entity selection and structuring, drafting and filings via Altinn, director and registered office solutions, bank introductions, VAT and employer registrations, and coordination with auditors and tax advisers for sustained compliance.
Top Places to Stay & Dine in Oslo, Norway
10 Best Hotels & Stays
Oslo offers a mix of timeless elegance and contemporary design — here are the top hotels that make your stay effortless and memorable.
- The Thief — Iconic design hotel on the waterfront; spa, art collection, and fine dining.
- Hotel Continental — Family-owned luxury property near the Royal Palace; exceptional service.
- Grand Hotel — Historic landmark on Karl Johans gate; terrace views over central Oslo.
- Amerikalinjen — Boutique hotel in the former headquarters of the Norwegian America Line.
- Radisson Blu Plaza Hotel — Towering city views; great for business and events.
- Clarion Hotel The Hub — Stylish modern stay with rooftop restaurant and urban garden.
- Hotel Bristol — Classic Oslo hotel with elegant interiors and renowned bar.
- Scandic Victoria — Centrally located near Parliament; practical for business stays.
- Lysebu Hotel — Tranquil hilltop hotel in Holmenkollen; Nordic dining and hiking trails.
- Kongeveien Apartments — Self-catering, long-stay option with easy city access.
10 Best Restaurants
From Michelin-starred innovation to cozy bistros, Oslo’s dining scene blends Nordic purity with international flair.
- Maaemo — Three Michelin stars; organic ingredients and avant-garde Nordic cuisine.
- Statholdergaarden — Classic fine dining in a 17th-century house; one Michelin star.
- Kontrast — Modern Nordic tasting menus; Michelin-starred and sustainability focused.
- Restaurant Einer — Fire, fermentation, and foraged flavors; Michelin-starred kitchen.
- Fjord Restaurant — Seafood-focused dining with refined Nordic presentation.
- Arakataka — Casual fine dining; inventive seasonal dishes in relaxed atmosphere.
- Sentralen Restaurant — Trendy venue in a former bank building; creative local cuisine.
- Hanami — Japanese fusion hotspot by the harbor; sushi and robata grill favorites.
- Lofoten Fiskerestaurant — Traditional seafood restaurant at Aker Brygge.
- Ekebergrestauranten — Hilltop venue with panoramic views of Oslo Fjord.
Oslo
Explore Oslo’s highlights on the map below — whether you’re heading to Karl Johans gate, Aker Brygge, or Barcode, the city is at your fingertips.
