how to open a company in norway
Post on 23-Jan-2015
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How to open a company in Norway
A
presentation brought to you by Bridgewest.eu
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
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