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Starting a Business in Norway

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Starting a Business in Norway

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Why Start A Business In Norway?

Glaciers retreated and sea waters flooded; thus, Norway's topographical headliner was born. The fjords: one of nature's finest pieces of art. Norway is one of the great unspoilt destinations of the world. During its union with Denmark, Copenhagen functioned as the capital of Norway, so not only the written language, but also Norwegian culture became strongly influenced by Denmark. The Norwegians have strived to individualise and refine themselves, and business is no exception to this.

Norway has a strong and stable economy. Foreign capital, knowledge and technology have always played a significant part in Norway's trade and industries. International relationships have had an important impact upon Norway's growth and development in the context of an ever-increasing global economy. Norway is not a member of the EU but despite this, both Norwegian and foreign-owned companies have unrestricted access to the EU market, through the European Economic Area (EEA) agreement.

Businesses are easy to establish and costs are low, which appeals to foreign investors. The public sector is organised as such that running a business in Norway is simple and straightforward. Norway is also a leading shipping nation, and it is one of the world's largest oil exporters. Today it has a competitive world economy, and is one of the global leaders in industries such as aquaculture, maritime industries, hydropower, the environment, energy, technology and telecommunications. According to the Global Enterprise Monitor (GEM), Norway is a global leader in business and the forecasts for the future are very impressive. Can you a-fjord to miss out?

What are the essentials to know?

What's the population?

The population of Norway is 5.02 million

Labour and workforce

If you employ others, or if you are an employee of a joint-stock company which you own, you need to register with your local National Insurance Office. Contact them to obtain registration forms. You are also required to inform the Directorate of Labour Inspection at least a week before you begin trading.

Useful addresses

The Registry of Business Enterprises
P.O. Box 1500
8901 BRNNYSUND
Tel: 00 47 75 00 75 00
Fax: 00 47 75 00 75 05
www.brreg.no

Directorate of Taxes
P.O. Box 6300
Etterstad0604
OSLO
Tel: 00 47 22 07 70 00
Fax: 00 47 22 07 71 08
www.skatteetaten.no

Directorate of Labour Inspection
P.O. Box 8174
Dep. 0034
OSLO
Tel: 00 47 22 95 70 00
Fax: 00 47 22 46 62 14
http://www.arbeidstilsynet.no/c26840/artikkel/vis.html?tid=29289

NarviktelefoneneP.O. Box 253 8501 NARVIKTel: 00 47 76 96 72 00Fax: 00 47 76 96 72 01Information line founded by the Ministry of Trade

The official Norwegian Trade Portal, www.nortrade.com is helpful if you want to find a particular company in Norway. You could also contact:

The following address is essential if you need to get in contact with oil and gas companies in Norway:

INTSOK (Norwegian Oil & Gas Partners)
P.O. Box 631, Skyen
0214 Oslo
Norway
Tel: + 47 22 06 14 80
Fax: + 47 22 06 14 90
E-mail: intsok@intsok.no

To find out about trade fairs and exhibitions in Norway, contact:

Innovation Norway
5th Floor, Charles House
5 Lower Regent Street
London
SW1Y 4LR
Tel: 00 44 (0) 20 7389 8800
Fax: 00 44 (0) 20 7973 0189

For information on Norwegian companies, contact:

The Company Register
P. O. Box 398
8901 Bronnoysund
NORWAY
Tel: + 47 75 007999
Fax: + 47 75 007950

If you are looking for work in Norway, NAV (the Norwegian Labour & Welfare organisation) is an excellent source. Visit the website or telephone: 0047 800 33 166 (freephone within Norway). They have produced 'A Guide to Living and Working in Norway', which can be found on the website, and this is very useful.

Business opportunities

If you are looking to work in the software and system engineering industry, in IT, there is currently a demand for engineers in all industrial and public sectors. Offshore engineering, biotech engineering and manufacturing are all industries which are short of qualified workers. You are eligible to apply if you are from the EU/EEA. You are likely to be able to gain a job in Norway if you are English-speaking but have a good knowledge of Norwegian.

A useful source of Norweigen expat news is http://www.newsinenglish.no.

Click here to Ask an Expert about Starting a Business in Norway

Organisations that can assist with Starting a Business

  • > Kompass (UK) Ltd

    If you are looking to start up or expand a business overseas then you will need a targeted and reliable data list to find new customers in your new market.

    More Details Visit Website
  • > B2B International

    B2B International is a global market research agency that specialises in b2b markets. With experience in every industry sector and country imaginable, we are well placed to help you establish your business overseas.

    More Details Visit Website
  • > Norwegian Link AS

    Your Norwegian business partner. Norwegian Link is a company designed to overcome the barriers you meet while running your business in a foreign country.

    More Details Visit Website
  • > TMF Group

    TMF Group helps companies expand and invest seamlessly across international borders.

    More Details Visit Website
  • > Radius

    Your Global Growth Experts. Radius helps businesses move into new markets, manage overseas operations or outsource entire global accounting and administration functions

    More Details Visit Website

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