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Complete guide: entity types, registration, costs, taxes, labor laws, and break-even analysis
~33 days
Setup Time
~$800
Setup Cost
22%
Corporate Tax
100%
Foreign Ownership
#9
Ease of Business
| Entity | Min Capital | Foreign % | Liability | Min Shareholders | Best For |
|---|---|---|---|---|---|
Private Limited Company Aksjeselskap (AS) | 30,000 NOK | 100% | Limited | 1 | Most common entity for domestic and foreign businesses - NOK 30,000 minimum share capital, straightforward digital registration via Altinn |
Public Limited Company Allmennaksjeselskap (ASA) | 1,000,000 NOK | 100% | Limited | 1 | Companies planning to list on Oslo Bors or requiring public share offerings - NOK 1M minimum capital, stricter governance |
Branch of Foreign Company Norskregistrert Utenlandsk Foretak (NUF) | None | 100% | Unlimited | 0 | Foreign companies establishing a Norwegian branch - no capital requirement but parent company is fully liable |
General Partnership Ansvarlig Selskap (ANS) | None | 100% | Unlimited | 2 | Professional services and small joint ventures where partners want direct control and accept unlimited liability |
Register via Altinn
Submit the Samordnet Registermelding (Coordinated Register Notification) electronically through Altinn, Norway's digital government portal
1-5 days
~$800
Bronnoysund Register Centre (Altinn)
Deposit Share Capital
Deposit minimum NOK 30,000 share capital into a Norwegian bank account and obtain a bank confirmation
1-3 days
Free
Commercial Bank
Obtain Organization Number
Receive the organization number from the Register of Business Enterprises (Foretaksregisteret) after registration approval
1-7 days
Free
Bronnoysund Register Centre
Register for VAT
Register for MVA (merverdiavgift) with the Norwegian Tax Administration if annual turnover exceeds NOK 50,000
1-5 days
Free
Skatteetaten (Tax Administration)
Register as Employer
Register the company as an employer with the Tax Administration and NAV (Norwegian Labour and Welfare Administration) for payroll reporting
1-3 days
Free
Skatteetaten / NAV
Open Corporate Bank Account
Open a business bank account at a Norwegian bank with organization number and registration documents
3-10 days
Free
Commercial Bank
No statutory minimum
Minimum Wage
$5500/mo
Average Wage
37.5 hrs/week
Work Hours
25 days/year
Paid Leave
0 weeks/year
Severance
14.1% of salary
Employer Social Security
7.8% of salary
Employee Social Security
Required
Foreign Worker Permit
Foreign Worker Quota: No fixed quota. EEA nationals have free movement. Non-EEA workers need a skilled worker visa or other qualifying permit. Employer must demonstrate the role requires specific competence.
Work Permit Process: Employer or employee applies through UDI (Norwegian Directorate of Immigration). Skilled worker permit requires a concrete job offer and relevant qualifications. EEA citizens register through the police.
#9/190
Ease of Business Rank
3 days
Starting a Business
3 days
Registering Property
400 days
Enforcing Contracts
84/100
Corruption Perception
98%
Internet Penetration
NOK
Currency
UTC+1
Time Zone
16
Retail (months)
14
F&B (months)
12
Tech (months)
22
Manufacturing (months)
10
Services (months)