Starting a Company in Norway

Norway is one of the wealthiest and most stable economies in Europe. Known for its oil, energy, and maritime sectors, the country also offers great opportunities in renewable energy, IT, and logistics. As a member of the European Economic Area (EEA), Norway provides access to the European market. Marcaworld guides entrepreneurs through every step, ensuring smooth incorporation.

Why Start a Business in Norway?

Strong Economy

Norway’s high GDP per capita and strong industrial base make it one of the most attractive destinations for foreign investors.

Access to the European Market

Despite not being an EU member, Norway enjoys full access to the EU single market through the EEA agreement.

Transparent Legal System

The Norwegian legal system ensures investor protection and compliance with international business standards.

Types of Companies in Norway

AS – Private Limited Company

Minimum share capital of 30,000 NOK. The most common type of company.

ASA – Public Limited Company

Requires a minimum capital of 1 million NOK. Suitable for large investments and listed companies.

Sole Proprietorship

Quick to establish but unlimited personal liability.

Steps to Incorporation

1. Reserve a Company Name

The company name is checked and reserved with the Norwegian Register of Business Enterprises.

2. Open a Bank Account and Deposit Capital

The capital must be deposited, and confirmation obtained from the bank.

3. Draft Articles of Association

The articles must be notarized and filed with the registry.

4. Register with the Business Register

The company is legally established after registration is approved.

5. Tax and Social Security Registration

The company must register with the Norwegian Tax Administration and social security authorities.

Taxation in Norway

Corporate Tax

The corporate income tax rate is 22%.

VAT

The standard VAT rate is 25%, with reduced rates of 15% and 12%.

Marcaworld in Norway

Marcaworld helps entrepreneurs register their companies, handle tax obligations, and manage accounting, making the process simple and efficient.

Norway’s strong economy and EEA membership make it an attractive location for investors. With Marcaworld, setting up a company in Norway is smooth, professional, and risk-free.