Foreign companies willing to extend their portfolio may choose to open a company in Norway. The two most common forms of business that a foreign company may open here are the branches and subsidiaries. While the branches have no legal personality and must operate under the direct supervision of the parent company, the subsidiary may take its own management decisions and even though a big part of the capital is owned by the foreign company, the liability of the shareholders is limited by their contribution to the capital.

Tax incentives for Norwegian subsidiaries

There are many tax incentives offered to the Norway subsidiaries. For example, if a foreign company held for more than two years at least 10 % of the subsidiary’s capital, it may claim a tax credit in the country of residence. This is not applicable to the taxes paid to a company coming from a country unrelated to the country of origin. These are the provisions of the many double tax treaties signed by Norway all over the years.

Incorporating a subsidiary in Norway

Prior registration in the Central Coordinating Register for Legal Entities some steps must be taken, such as opening a bank account or checking the name at the Registrar. It’s important to know that the operation is canceled if the Memorandum of Association was signed for more than three months.

One of the phases of the company registration procedure in Norway consists in opening a bank account and depositing the required minimum share capital. After depositing it, the account must receive the approval of an auditor.

The name of the subsidiary must be unique so it must be checked first at the Register of Business Enterprises in Brønnøysund.

Registration with the Central Coordinating Register for Legal Entities is then required. The subsidiary must submit the foundation deeds and the articles of association. As a result, the company is receiving an organization number and may apply for registration with the Register of Business Enterprises and for the VAT number. The last step of forming a susidiary is enrolling for the pension fund and injury inssurance.

The whole registration process takes about nine working days if all the steps are respected and the documentation is properly submitted.

Opening a subsidiary as a limited liability company in Norway

Usually, a subsidiary is formed as a limited liability company which can be private or public.

Aksjeselskap, the Norwegian private limited liability company, is formed by at least one founder with a minimum share capital of 100.000 NOK. It’s adopted especially by small and medium size companies. The liability of its members is limited and the shares are not for public transfer. This type of company is not issuing certificate for its shares.

Allmennaksjeselskap, the public limited liability company in Norway, is formed especially by large corporations mostly because the minimum share capital required is 1 mil NOK.

Unlike the capital of a private limited liability company, the capital is divided into shares that can be transferred and that can be registered at the Stock Market.

In case you would like to establish a subsidiary, a branch office or any other business form in Norway, feel free to contact our Norwegian company formation agents.

For company formation services in Asia, feel free to contact our partners located in Japan, Hong-Kong or Singapore. Moreover, request from Russian investors can be handled by our experienced Russian partners - Регистрация компаний Норвегия.

Comments

Rui Conceição 2017-02-10
Hello Sirs, I am thinking to create a company in Norway, of services. As a portuguese, have I any kind of discount for tax? I heard something that I don't need to pay to the government for two years. Is that true? Many thanks.

Hello Rui Conceição! Thank you for your request! Please send us a detailed email about your project at office@lawyersnorway.eu and we will reply as fast as possible. Have a great day!

Comments & Requests

Request Price

Request Call Back

Free Case Evaluation

Meet us in Oslo

Our team of company registration agents in Norway has an extensive experience in company law and company formation. Our specialists will help you set up your company in Norway as fast as possible.

Call us now at +47-46170646 to set up an appointment with our company formation agents in Oslo, Norway. Alternatively you can incorporate your company without traveling to Norway.

As a our client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Norway.

+47-46170646

office(at)lawyersnorway.eu

Articles

Establish a Subsidiary in Norway

Expand a business in Norway

Tax incentives for Norwegian subsidiaries

Opening a subsidiary as a limited liability company in Norway

Comments

Comments & Requests

Meet us in Oslo

Online Incorporation

Tax Calculator

Contact us now

+47-46170646

COMPANY FORMATION SERVICES

TERMS AND CONDITIONS