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Company Formation and Related Services
Company Formation in Norway
F.A.Q.
BridgeWest provides company formation in Norway. Our assistance includes:
> drafting the Articles of Association (necessary for the company incorporation in Norway); The Articles of Association belonging to the Norwegian company can be signed through Power of Attorney (the shareholder will be able to empower our representative in this sense).
> drafting all other documents required for the incorporation of the Norwegian company. These documents include: Specimen Signatures, Special Forms provided by the Company Registration Office in Norway, passport copies etc.
> arranging Public Notary procedures and/or translations of the documents signed abroad. Certain documents will have to be notarized before being filed with the local Trade Register.
> offering a Registered Office in Norway for your company (if required); The registered office may be any address where the Norwegian company declares to have its headquarters. The registered office will be public to third parties.
> setting up a bank account for your Norwegian company. This refers both to an initial share capital account as well as a current bank account after the company is formed.
> recommending an accountant in Norway; Accountancy services are recommended for any new business registration in Norway, irrespective of it being a holding or a trading company.
BridgeWest can provide assistance for the formation of the following types of companies:
> Aksjeloven (A.S.- Limited Liability company) This type of Norwegian company can have at least one shareholder, General assembly + board and must maintain a local address (office) and a minimum share capital of 100,000 NOK (aprox. 12.500 EUR).
According to the Companies Act § 6-1, all Limited Liability companies shall have a Board of Directors. If the Board of Directors has only one or two members, at least one deputy board member must be elected. At least one half of the members of the board of directors must be resident in Norway or be citizens of a EU/EEA country.
If share capital is more than NOK 3 millions, a Managing Director is mandatory.
> Allmennaksjeselskap (A.S.A. - Joint Stock company) This type of Norwegian company can have one shareholder, a board of directors, must maintain a local address (office) and a minimum share capital of 1,000,000 NOK (aprox. 125.000 EUR)
> Norwegian Branch, Subsidiary or Representative Office-Any foreign company is able to set up branch entities in Norway. These can be set up as separate entities from the parent company (Norwegian companies having the foreign company as shareholder) or extensions of the parent-company in Norway.
BridgeWest is also able to offer ready-made Norwegian companies and VAT registration.
Please contact us for more information and prices.
Articles on Company Formation in Norway
Entrepreneurs who choose to establish a company in Norway find a welcoming environment, with a stable economy and efficient organization. The main company types are the private and the public limited company. Forming a Public Limited Company (Allmennaksjeselskaper - ASA) in Norway This company type ...
Norway is a highly developed country with a stable and evolving economy which presents a series of opportunities for business investors, both foreign and national. There are few requirements to establish a Norwegian company and the taxes that have to be paid are fairly low. The incorporation procedu ...
The institution responsible with company registration and administering legislation on businesses in Norway is the Brønnøysund Register Centre. It is a government body and functions under the Ministry of Trade and Industry. The institution contributes towards a better organized busines ...
Setting up a business in Norway can be a profitable activity, mostly due to the state's stable economy and encouraging treatment towards foreign investment. Establishing a business in Norway can be done through incorporating a new company subject to taxation and registration. However an already exis ...
1. What is the minimum share capital of a Norwegian AS (Private Limited Liability Company)? The Private Limited Liability Company is the most common business type used in Norway, founded by one or more shareholders who must provide at least 100.000 NOK or approximately 12.800 EUR. 2. What is the mi ...
There are various ways in which a foreign entrepreneur can engage in business in Norway, and obtain profit. Commencing commercial activities can be done by company establishment. There are two ways an investor can set up a company. The first implies the traditional from scratch company establishment ...
1. What is the corporate tax in Norway? Resident companies in Norway are subject to taxation of the corporate tax for worldwide profits and gains, while non-resident companies are subject to corporate tax for the gains and profits made in Norway. The general rate of the corporate tax is 28%. 2. What ...
1. What is the VAT in Norway? The general VAT rate in Norway is 25% for a wide range of goods and services, as well as imports. However, there are some exceptions, too. A VAT rate of 14% applies to foodstuff. Some services such as accommodation, transportation or broadcasting are subject to a reduce ...
Meet us in Oslo
Call us now at +44 203 287 0408 to set up an appointment with our lawyers in Oslo, Norway. Alternatively you can incorporate your company without traveling to Norway.
As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Norway.