Business Set up in Norway

If you are looking for a new place to do business, look no further. Norway has a thriving business community and offers numerous opportunities for entrepreneurs. You can connect with us at Enterslice to avail of our business set-up services.

Benefits of Doing Business in Norway

The benefits of doing business in Norway are as follows:

Ease of Doing Business

Pro-Business Climate

World-Class Infrastructure

Good Quality Industries

Fast Registration Process

Highly Skilled Workforce

Good Living Conditions

Vast Natural Resources

Free market.

Ownership Structure

Free Trade Zone

Less Corruption

Transportation Hub

Different Types of Business Structures in Norway


Private LLCs

Private LLCs or Private Limited Companies are known as “Aksjeselskap” in Norway. A Private LLC has limited liability and a separate legal entity. Usually, the board of directors takes the majority of business decisions in a Private LLC. A general manager is appointed to manage the affairs of a private LLC. A Private Limited Company is the most preferred business structure for small and medium businesses. The minimum share capital required is 30,000 NOK. At least 50% of the board members should be residents of Norway or in an EU/EEA country.

Public Limited Liability Companies

Public Limited Liability Companies are companies that have their securities listed on a public stock exchange. The principle of limited liability and separate legal entity applies to a public limited company. Major decisions of a public limited company are taken by the general manager, board of directors, and shareholders. The Board members of the company should apply for a Norwegian D Number or the personal identification number. Foreign companies can list their shares in regulated public exchanges. This business structure is preferred by large companies. It has a minimum share capital of 1 million NOK.

Partnerships with Unlimited Liability

Generally, partnerships appoint a general manager to manage the affairs of the business. The liability of the partners can either be limited or unlimited.

Branch Office

A branch office is an entity formed by a non-resident Norwegian Company. A company that is formed outside Norway can set up its branch office in Norway. The branch office which is formed in Norway goes by another name “Utenlandsk Foretak”. These offices are formed to carry out specific forms of expansion projects.

Free Zone LLC

These companies are usually incorporated in the Free Zones of Norway. An individual going through the process of company registration in Norway would utilize this form of an entity as there is a limited amount of VAT and duty-free subsidies provided by the government. Usually, these forms of companies would require to pay limited corporate tax at 16%.

Different Types of Taxes in the Bahamas


Corporate Income Tax

Value-Added Tax

Custom Duties

Property Tax

Exit Tax

Carbon Dioxide Tax

Excise Tax

Natural Resource Tax

Net Wealth Tax

Financial Activities Tax

Hydropower Tax Regime

Shipping Tonnage Tax Regime

Petroleum Tax Regime

About our Services

Enterslice is a market-leading management consultancy firm that offers end-to-end business set-up services, taxation, financial planning, regulatory, legal, and advisory services to entrepreneurs, young start-ups, and large corporate houses across the globe.

Our Norway Entry Strategy service involves the following services:

About Norway Entry Strategy

Our Norway Entry Strategy is classified into the following:

Business Set-Up Services

Business Structures in Norway such as Private LLCs, Public Limited Liability Companies, Partnerships with Unlimited Liability, Branch Office and Free Zone LLC. Our business set-up services include advisory related to the type of business structure you should opt for to set up business in Bangladesh. Our team will assist you in the business registration process, in opening a bank account for the business, and in post-registration compliance.

Consultancy on Managing the Business

Our consultants formulate a strategic plan for establishing and operating the business depending on your business needs. We formulate a budget and develop cash flows for your business. We also review internal control processes and conduct business reviews. We provide advisory for issues related to the management of the business.

Legal Advisory Services

Our legal experts provide legal advice on business operations, finances, IP protection, etc. We also draft legal Documents for your business and review and compile the required Paper works. We also ensure that all legal and regulatory compliance are duly complied with.

Accounting and Audit Advisory Services

Norway uses the International Standards of Accounting. Adherence to Norwegian accounting and auditing standards is of the utmost importance for companies operating in Norway. Following these rules guarantees financial reporting's reliability, openness, and accountability, all of which raise stakeholders' trust and confidence. At Enterslice we assist in financial statement preparation and analysis. We provide bookkeeping services and maintain financial records on behalf of companies. Our team members have expert accounting and audit knowledge and practical experience which will help your business meet its industry-specific accounting challenges and financial reporting requirement.

Tax Advisory Services

There are different types of taxes in Norway. Enterslice advises on all tax-related compliances. We also provide advisory on tax policies. We assist in the calculation and filing of taxes. Our tax experts create plans to reduce potential tax liabilities while assuring adherence to the changing tax laws. We offer tailor-made solutions suitable to your demands and advice on handling various tax disputes, if any.

Intellectual Property Advisory Services

Our IP Experts assist in IP Compliance. We assist in getting IP registration by filling out applications for registration and compiling relevant Documents. Our team of IP experts also advice on IP compliance and IP Protection. We also assist in enforcing IP rights against any infringement.

Employer on Record Services

An Employer of Record (EOR) is an entity that legally employs workers on behalf of another business. An EOR is fully responsible for all aspects of employment, including compliance, payroll, taxes, and benefits. Our team can act as an EOR and help in onboarding the employees for our clients with the best part being that the clients shall have control on f the daily activities and responsibilities of their employees.

FAQ Section

No general tax incentives are offered to domestic or foreign investors but there are exceptions for specific regions and industrial sectors such as:

a) Companies investing in Norway’s far north, pay lower employee taxes.

b) Minimal Tax Rates are applicable on the Arctic Island of Spitzbergen.

c) State Fund provides grants for investment in areas of low employment.

d) Tax deductions are permitted for research costs in key sectors like oil.

Yes, to some extent Norway is a high-tax country. It imposes high tax rates on individuals but companies are treated leniently. A flat rate of 25% is imposed on all capital income and in addition to this Norway provides a full dividend credit.

A limited liability company (LLC) can benefit from a low corporate income tax rate of 9% and an exemption from social security and unemployment insurance contributions. Larger businesses can benefit from a huge network of business-friendly businesses along with a highly supportive government economy.

Norway has a flat structure with little to no hierarchy. Employee’s input matters and often they are included in the decision-making process. Cooperation and team effort are highly valued in Norway.

The cost of doing business in Norway greatly depends upon the size of the business. In general, opening a small business can cost anywhere around $10,000 to $50,000 however, to open a large business the involved can be $100,000 and upwards.

The benefits of opting for Enterslice for your business set-up in Norway are as follows:

i. Professional Support

ii. 24*7 Customer Support

iii. Highly Integrated IT Team

iv. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs.

v. All-inclusive solution for our clients.

Our Offerings

Why choose Us

15+ years of Industry Experience.
Global Network of CPA’s, CA’s and Attorney’s
Million Satisfied Clients.
Globally recognized consultancy with a presence over 22+countries.

Why Enterslice

24x7 Client relationship support desk.

Tech-enabled service delivery platform.

Dedicated foreign Investment desk.

50,000+ Network of Lawyers/Attorney’s/CPA/CA/CFA.

Strong team of Inhouse Lawyers/Attorney’s/CPA/CA/CFA

Individual and Dedicated professionals on every assignment.

We register 100+ Companies every Month.

Connect with Enterslice today to connect with our team of Skilled Professionals, to avail any of our Premium Services.

If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.

We partner with more than 100+ companies

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