The major advantage of Norway as a country for companies' registration is the political and economical stability. Moreover, it is located within the European Zone that contributes to the free conduction of a business in Europe. That is why this country is not considered to be an offshore zone:
- Responsibility to pay income tax, VAT and dividends tax;
- Responsibility to maintain accounting, to submit reporting as well as to undergo annual audit;
- Requirement for the director and half of the Board members to be residents of the EU.
As a rule, foreign investors are attracted by the following forms of incorporation:
- Equivalent of a limited liability company– Aksjeselskap (AS);
- Equivalent of an open joint-stock company – AllmentAksjeselskap (ASA);
The choice of either form can depend on the peculiarities of the business. Our consultants will help you decide on the form of incorporation which can become most suitable for you. Despite taxes and accounting maintenance, it is reasonable to set up a legal entity in Norway. The jurisdiction has the following advantages:
- No currency exchange regulations;
- Double taxation agreements concluded with a large number of countries that helps avoid to pay any taxes on business activities conducted outside the country;
- The opportunity to register or to purchase a firm within several hours due to simple bureaucratic procedures;
- Reliability of the economical and banking systems that contributes to the effective preservation of the capital;
- Prestige and credibility of the jurisdiction at the international arena, firms from Norway have positive reputation in the business environment;
- Confidentiality when using the nominal service.