How to open a company in Norway

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Company Types in Norway• Public Limited Company (Allmennaksjeselskaper -

ASA)

• Private Limited Company (Aksjeselskaper - AS)

• General Partnership (Ansvarlig selskap - ANS)

• Limited Partnership (Kommandittselsjap - KS)

• Sole Proprietorship (ENK)

Public Limited Company (Allmennaksjeselskaper - ASA)

• The minimum capital of a public limited company is 1.000.000 NOK 

• This company type is a limited company • This company must offer the possibility for the

public to purchase stock • In this company the ownership regulate the

rules.

Private Limited Company (Aksjeselskaper - AS)

• The company must provide a minimum share capital of 30.000 NOK

• The shares of the company cannot be made public, nor freely transferred

• In this company the owners cannot be held liable beyond each one's contribution to the company's stock capital.

General Partnership (Ansvarlig selskap - ANS)

• The company is regulated by the Partnership Act

• The company may be formed by two or more active members, being general partners

• The general partnership does not require a minimum capital

Limited Partnership (Kommandittselsjap - KS)

• It is formed by two or more individuals or legal entities 

• It does not require a minimal share capital

• It has two types of partners: the general and limited ones

Sole Proprietorship (ENK)

• This type of business is conducted by one member

• The sole trader can re-invest the profits of the enterprise

• The member must assume full responsibility and liability for company's debts and obligations

Steps for company formation in Norway

• providing three company names• providing a set of identification documents • setting-up a the bank account for share capital• applying for the D-numbers • submitting the registration documents with the

Norway Trade Register

Necessary documentation and information:

• providing utility bills as proof of address

• providing passport copies of the shareholders and board members

• setting-up a bank account for the injection of the share capital

• applying for the D-numbers

• submitting the company registration file with Brønnøysund Register Centre.

Requirements for Company

 Formation in Norway

• Any person of any nationality or residence can be shareholder in a Norwegian company

• The Board of Directors should be comprised of at least two members

• The company must hold a local registered office

• The incorporation of an AS (Limited Company) requires the injection of a share capital amounting to approximately EUR 4,000

Services Provided for Company Incorporation in Norway

• drafting the Articles of Association • offering a Registered Office in Norway • obtaining D-numbers • setting up a share capital bank account • recommending an accountant in Norway • offering ready-made Norwegian companies • VAT registration

Norway Key Facts

• The general rate of the corporate tax is 28%• The Value Added Tax in Norway is 25%• The dividend tax in Norway is 25% • Investors from OECD countries are entitled to

a relief of 10% making the dividend tax rate 15%

• There is no withholding tax on dividends paid to EEA members

Thank you for your attention

Please contact us for more information at

office@bridgewest.eu

www.companyformationnorway.com

Ph./Fax: (+44)203-287 0408