Frequently Asked Questions about Norway
The following are some of the most frequently asked questions about Norway company formation:
How long does it take to incorporate a Norwegian company?
How difficult is it to open a corporate bank account for a Norwegian company?
Am I required to visit Norway to incorporate a company there?
What is the minimum number of directors required for a Norwegian company?
Is a resident director required?
Are the shareholder/director details available for public viewing?
What are the minimum capital requirements for a Norwegian company?
Is a Norwegian company required to submit an annual return and/or financial statements?
How much tax does a Norwegian company pay?
Does a Norwegian company need to register for VAT?
How long does it take to incorporate a Norwegian company?
Setting up a Norwegian company can be completed in about three weeks.
How difficult is it to open a corporate bank account for a Norwegian company?
It is very easy to open a corporate bank account with an internationally recognized bank in Norway.
Am I required to visit Norway to incorporate a company there?
No. Healy Consultants can legally incorporate your Norway Company without you needing to travel.
What is the minimum number of directors required for a Norwegian company?
The minimum number of directors depends on the size, type and share capital of your company. As a general rule, a Norwegian company must have at least three. A private limited liability company with a share capital of less than NOK 3 million (US$557,973) may have less than three directors. If the company has a corporate assembly, the board must have at least five directors.
Is a resident director required?
At least half of the directors must be resident in Norway, EU, or EEA.
Are shareholder/director details available for public viewing?
Yes. A register of directors and shareholders is available for public viewing.
What are the minimum capital requirements for a Norwegian company?
A public limited liability company must have a share capital of at least NOK 1 million (US$185,998), and private limited liability company must have share capital of at least NOK 100,000 (US$18,600).
Is a Norwegian company required to submit an annual return and/or financial statements?
A Norwegian company is obliged to submit an annual tax returns and audited financial statements.
How much tax does a Norwegian company pay?
The corporate tax rate in Norway is 28%.
Does a Norwegian company need to register for VAT?
A Norwegian company is required to register for VAT, the standard rate is 23%
Contact Us
For more information on any of our Norway corporate services, email email@healyconsultants.com or telephone us at (+65) 6735 0120.
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