What are the advantages of investing in the Norwegian real estate sector?
Norway offers a set of
competitive advantages when
investing in the real estate sector. Foreign investors can benefit from a
simpler transaction procedure and in this sense, it is important to know that such
transactions are
completed faster compared to other European countries. Foreign investors who want to
open a company in Norway in the
real estate sector may operate various
transactions through the
local banks. If the investors consider investing through a
Norwegian bank, the institution will require specific
company documents, such as the
company’s business plan and others and such
papers can be processed in only three weeks.
Our team of consultants in company formation in Norway can assist with in-depth advice on this matter.
What are the main corporate taxes applicable to real estate businesses in Norway?
Just like in the case of any other business carried out in
Norway,
real estate companies are
liable to taxation. Investors interested in starting the procedure of
company registration in Norway in this industry will be
liable to taxation following the below mentioned
taxation scheme:
-
• withholding tax on dividends – the standard tax rate in this case is applicable at the rate of 25%, but investors can be fully exempted if they qualify under one of the double taxation treaties signed by Norway;
-
• transfer tax – this tax, also known as the stamp duty, is imposed at the rate of 2,5%;
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• withholding tax on gains – Norway does not impose a tax related to this matter;
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• withholding tax on the repayment of capital – Norway provides a tax exemption as well.
What is the main regulation available for construction projects in Norway?
The main rule of law which regulates the manner in which
construction projects are to be carried out in
Norway is given by the
Planning and Building Act.
Our team of specialists in company registration in Norway can provide legal advice on specific provisions that can be of interest for the investors operating in this sector.
The
Act offers the legal understanding regarding the
construction, demolition, alteration or removal of various
real estate projects and businessmen can
contact our team of representatives in company formation in Norway for consultancy services regarding this rule of law, as well as on other regulations applicable to this sector.