Download your Fact Sheets

Learn more about:

  • Common forms of Business in Norway
  • Corporate Tax Rate in Norway
  • VAT Rate in Norway
  • Accounting Period in Norway
  • Foreign-Exchange Controls, Restrictions/Licensing Requirements 
  • and much more!


Please, fill the form below so you can enter our download section.

About Norway

The Kingdom of Norway is in the western part of the Scandinavian peninsula and extends about 1,100 miles (1,770 km) from the North Sea along the Norwegian Sea to more than 300 miles (483 km) above the Arctic Circle, the farthest north than any other European country. Oslo is the capital of Norway.


Political establishment of Norway

Norway is a constitutional monarchy. Despite the fact that Norway is a member of NATO, the UN, and the European Free Trade Association, it voted against joining the European Union in 1994.


Economy of Norway

Norway uses its own currency which is the Norwegian Krona (NOK). Norway is one of the world’s wealthiest countries measured per capita. The main industry focus of Norway includes oil and gas, telecommunications, hydropower equipment, timber and metal products and seafood. Its merchant and oil-tanker fleets are one the world’s largest. Furthermore, its fishing flotilla lands Western Europe’s biggest catch.


Taxation in Norway

Corporate Income Tax is paid by companies on the net income companies obtain while exercising their business activity, usually within one business year. Revenues from the Corporate Tax Rate are one of the most important sources of income for the Norwegian government. The Corporate Tax Rate is 27% on Corporate Profits and the Standard VAT rate is 25% (exceptions are applicable to certain services and goods as 15% and 8%).

Request a call back for more Information


Scandicop. Your link to Nordic Business.

One corporate service provider for all your Nordic companies.


Setting up a Business Norway

The most common form of businesses in Norway are the following:

  • Private Limited Company
  • Public Limited Company
  • Branch of a Foreign Company

Regardless of the form of business you are setting up, all businesses must be registered in The Register of Business Enterprises and Tax Administration and have a Registered Office in Norway. The Minimum share capital varies as well as number of directors and shareholders.Besides the most common forms of business mentioned above there are also other forms of businesses such as:

  • Limited Partnership (Kommandittselskap - KS)
  • General Partnership with Shared Liability (Delt Ansvar - DA)
  • General Partnership (Ansvarlig Norsk Selskap - ANS)
  • Sole Trader (Enkeltpersonforetak - ENK)


How can Scandicorp help?

Scandicorp can arrange Company Formation in Norway including:

  • provision of registered office address,
  • tax registration, and
  • opening and administrating bank accounts.

Read more about our Start-up Services in Norway.

Scandicorp also provides Corporate Administration in Norway including maintenance of corporate records and registers over Investors/Owners, Directorships, Corporate Secretarial Services and Accounting and Bookkeeping. You can also turn to Scandicorp during the operation of your business for further  Consultancy services related to Norway such as:

  • Compliance Support,
  • Statutory Reporting,
  • Employment Solutions for International Contractors,
  • Re-domiciliation and Exit Strategies, and
  • Set-up and Administration of Trust and Foundations.