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Company Formation Service

Name: Localmarket
Address: Karenslyst Alle 4, Oslo, 0278
Telephone: + (47) 23 89 88 63

SET UP A BUSINESS AND COMPANY IN NORWAY. COMPLETE THE ONLINE PACKAGE FOR A GREAT START AT ALL LEVELS

From the idea of the project to the completion of the final formalities; in-depth ANALYSIS, Business Plan, Strategy, Legal Form of Business Activity, FINANCING, Brand Protection, INSURANCE, EMPLOYEE PENSION PLANS, ACCOUNTING SERVICES, Contracts, Licenses, etc., necessary documents are just some of the critical points on the way to starting a business. Regardless of whether it is a sole proprietorship (ENKELTPERSONFORETAK ENK), a joint-stock company (AKSJESELSKAP AS) or a Holding, statutes, meetings with BUSINESS LAWYERS, preparation of questionnaires for the Tax Office or the creation and registration of a company - our dedicated BUSINESS ADVISOR will take care of all activities and supervise all activities formalities. For years, we have supported entrepreneurs in Scandinavia in their administrative decisions, offering information, advice and solutions tailored for everyone. As a professional and trusted BUSINESS SERVICE CENTER from start to finish, we will help you step by step.

HOW CAN WE HELP YOU?

Benefit from the knowledge of our conultants and agents. You will get additional advice and help here:

CALL US
Monday - Friday 10:00 - 18:00
+47 238 98 863

WRITE TO US
post@localmarket.no

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WHAT YOU SHOULD KNOW?

Why is it Worth Doing Business in the Kingdom of Norway?

Can Foreign Nationals Establish a Business in Norway?

Where Can I Find Information on Setting Up and Running a Business in Norway?

Where Can I Find Information About Startup Packages for Businesses in Norway?

Where Can I Find information About the "Start-up Norway" Program for New Startups in Norway?

What Is And What Does Brønnøysundregistrene Do in Norway?

Where Can I Find Details About the Norwegian Innovation Clusters Program ("Klyngeprogrammet")?

Where Can I Access Information From the Central Statistical Office of Norway (Statistisk sentralbyrå - SSB)?

What Information and Resources Can I Find on "Invest in Norway" (Invinor) for Those Looking to Invest in Norway?

Which Regional Business Support Centers in Norway are Considered the Most Attractive for Businesses and Entrepreneurs?

What Services and Support Can I Expect to Receive from the Business Service Center in Norway, LOCALMARKET.no?

What Can I Expect from a localmarket.no Comprehensive Accounting Service in Norway?

What Are the Key Components and Benefits of Bookkeeping, Payroll, and reporting services for businesses in Norway

How Can localmarket.no Support the Growth of your Business in Norway through Personalised Partnership and a Commitment to Long-Term Collaboration?

What are The Key Features and Considerations of Establishing a Sole Proprietorship in Norway, Known as "Enkeltpersonforetak" (ENK)?

What Are the Fundamental Characteristics of an Aksjeselskap (AS), the Most Common Type of Private Limited Liability Company in Norway?

I Have Registered a Company in Norway, What Should I do Next?

What is The Legal and Compliance Structure and Regime Applicable to Companies Operating in Norway?

The legal and compliance structure and regime applicable to companies operating in Norway is designed to ensure transparency, accountability, and adherence to various laws and regulations. Here's an overview of the key aspects of the legal and compliance framework for companies in Norway: ## Business Registration and Structure: ## Companies in Norway must be registered with the Brønnøysund Register Centre (Brønnøysundregistrene). Different types of business structures are available, including sole proprietorships (Enkeltpersonforetak), private limited liability companies (Aksjeselskap or AS), partnerships, and more. Each business structure has specific requirements and regulations governing its operations. ## Corporate Governance: ## Norwegian companies are expected to follow principles of good corporate governance. Corporate governance guidelines are provided by the Norwegian Corporate Governance Board (NUES) and include recommendations for transparency, board composition, and shareholder rights. ## Accounting and Financial Reporting: ## Companies are required to maintain accurate financial records and prepare financial statements in accordance with Norwegian Generally Accepted Accounting Principles (NGAAP) or International Financial Reporting Standards (IFRS). Financial statements must be audited by an independent auditor for certain types of companies. ## Tax Compliance: ## Companies must comply with Norway's tax laws, including corporate income tax, value-added tax (VAT), withholding taxes, and other tax obligations. Tax compliance involves filing accurate tax returns, paying taxes on time, and adhering to transfer pricing regulations. ## Labor Laws and Employment Regulations: ## Employers must follow Norwegian labor laws and regulations when hiring and managing employees. Employment contracts, working conditions, minimum wages, and employee rights are covered under labor legislation. ## Environmental Regulations: ## Businesses must comply with environmental regulations aimed at protecting the environment and minimising the impact of operations. Specific regulations exist for waste management, emissions, energy efficiency, and more. ## Data Protection and Privacy: ## Companies must comply with the General Data Protection Regulation (GDPR) when collecting, processing, and storing personal data. The Norwegian Data Protection Authority (Datatilsynet) oversees data protection compliance. ## Anti-Money Laundering (AML) and Anti-Corruption Laws: ## Companies are required to implement AML measures to prevent money laundering and terrorist financing. The Act on Measures to Combat Money Laundering and Terrorist Financing (AML Act) outlines compliance requirements. Anti-corruption laws prohibit bribery and corrupt practices in business transactions. ## Intellectual Property (IP) Protection: ## Businesses should protect their intellectual property rights through patents, trademarks, copyrights, and other legal means. ## Regulatory Authorities: ## Various regulatory bodies oversee different aspects of business operations, including the Norwegian Financial Supervisory Authority (Finanstilsynet), the Norwegian Competition Authority (Konkurransetilsynet), and more. ## Contractual Agreements: ## Businesses enter into various contracts, including agreements with suppliers, customers, partners, and employees. Contracts must comply with Norwegian contract law and accurately represent the terms and obligations of the parties involved. It's important for companies operating in Norway to stay informed about changes in laws and regulations, maintain compliance with applicable requirements, and seek legal advice when needed to ensure proper business operations and risk mitigation.

What is The Tax Structure and Regime Applicable to Companies Operating in Norway?

The tax structure and regime applicable to companies operating in Norway include various taxes at both the national and local levels. Here's an overview of the key elements of the tax system for companies in Norway: ## Corporate Income Tax (CIT): ## Norwegian resident companies are subject to CIT on their worldwide income. The standard CIT rate is 22%, but certain companies within the financial sector are assessed at a rate of 25%. The CIT is calculated on the net income after deducting allowable business expenses and deductions. CIT is assessed at both the company level and the shareholder level when dividends are distributed. ## Dividend Withholding Tax: ## When dividends are paid to shareholders, a withholding tax of 25% is deducted from the dividend amount. This rate can be reduced through tax treaties or tax-exemption rules. Tax treaties may provide for lower withholding tax rates or complete exemption for certain shareholders from specific countries. ## Value Added Tax (VAT): ## VAT is a consumption tax applied to the sale of goods and services. The standard VAT rate is 25%, but there are reduced rates for certain goods and services. Businesses are required to register for VAT if their turnover exceeds a certain threshold. ## Employer's National Insurance Contributions:## Employers are required to pay National Insurance contributions on behalf of their employees. These contributions fund social security benefits, including healthcare, pensions, and unemployment benefits. ## Tax on Capital Gains: ## Capital gains from the sale of assets, including shares, are generally subject to tax at the standard CIT rate of 22%. Some exemptions and special rules may apply to certain types of assets. ## Tax on Interest and Royalties:## Interest and royalty payments made to non-resident companies may be subject to withholding tax, but reduced rates or exemptions may apply under tax treaties. ##Hydropower Tax and Petroleum Tax:## There are specific tax regimes for income derived from hydropower production and upstream petroleum activities. These sectors have their own taxation rules and rates, including resource rent taxes for hydropower and special taxes for petroleum activities. ## Transfer Pricing Regulations:## Norway has strict transfer pricing regulations to ensure that transactions between related entities are conducted at arm's length prices. ## Tax Credits and Deductions: ## There are various tax credits, deductions, and incentives available to businesses, such as deductions for research and development expenses, investment deductions, and deductions for certain types of income. ## Tax Reporting and Compliance: ## Businesses are required to file annual tax returns and comply with reporting obligations to the Norwegian Tax Administration - SKATTEETATEN. It's important to note that the Norwegian tax system is complex, and tax laws and regulations may change over time. Companies operating in Norway are advised to seek professional advice from tax experts or consultants to ensure accurate tax compliance and optimise their tax position based on their specific circumstances.

How Services localmarket.no Can Help Startups and SME Businesses in Norway?

CALL US:
MONDAY - FRIDAY
10:00 - 18:00
Head Office
+ (47) 23 89 88 63

MONDAY - SATURDAY
08:00 - 20:00
Agent - Consultant
+ (47) 45 09 04 66
Agent - Consultant
+ (47) 47 67 35 73

WRITE TO US:
post@localmarket.no

GDPR COMPLIANCE:
privacy@localmarket.no

ADRESSE:
Karenslyst Allé 4, 0278 OSLO, NORWAY
Postboks 358, SKØYEN

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Company Formation Service

HOW CAN WE HELP YOU?

COMPETITIVE ADVANTAGE OF COOPERATION WITH US

WHAT YOU SHOULD KNOW?

Why is it Worth Doing Business in the Kingdom of Norway?

Can Foreign Nationals Establish a Business in Norway?

Where Can I Find Information on Setting Up and Running a Business in Norway?

Where Can I Find Information About Startup Packages for Businesses in Norway?

Where Can I Find information About the "Start-up Norway" Program for New Startups in Norway?

What Is And What Does Brønnøysundregistrene Do in Norway?

Where Can I Find Details About the Norwegian Innovation Clusters Program ("Klyngeprogrammet")?

Where Can I Access Information From the Central Statistical Office of Norway (Statistisk sentralbyrå - SSB)?

What Information and Resources Can I Find on "Invest in Norway" (Invinor) for Those Looking to Invest in Norway?

Which Regional Business Support Centers in Norway are Considered the Most Attractive for Businesses and Entrepreneurs?

What Services and Support Can I Expect to Receive from the Business Service Center in Norway, LOCALMARKET.no?

What Can I Expect from a localmarket.no Comprehensive Accounting Service in Norway?

What Are the Key Components and Benefits of Bookkeeping, Payroll, and reporting services for businesses in Norway

How Can localmarket.no Support the Growth of your Business in Norway through Personalised Partnership and a Commitment to Long-Term Collaboration?

What are The Key Features and Considerations of Establishing a Sole Proprietorship in Norway, Known as "Enkeltpersonforetak" (ENK)?

What Are the Fundamental Characteristics of an Aksjeselskap (AS), the Most Common Type of Private Limited Liability Company in Norway?

I Have Registered a Company in Norway, What Should I do Next?

What is The Legal and Compliance Structure and Regime Applicable to Companies Operating in Norway?

What is The Tax Structure and Regime Applicable to Companies Operating in Norway?

How Services localmarket.no Can Help Startups and SME Businesses in Norway?

COMPETITIVE ADVANTAGE OF COOPERATION WITH US