Your advisor in the establishing process
The first decision to be made is how to organize the business and register the company in Norway. Foreign companies with only a short-term engagement in Norway, normally only register the entity in the Central Coordinating Register for Legal Entities – and in the VAT-Register if the activities involve VAT-liable sales.
When planning for a long-term engagement, the foreign company must also register in the Register of Business Enterprises. The Register unit in Brønnøysund are using the same criteria as the Register of Company Accounts; – meaning when a company have the obligation to report an annual account, there is also an obligation to register in the Register of Business Enterprises.
It must of course also be decided if a Norwegian branch or a Norwegian legal entity ltd/AS) is preferred.
Azets assists in deciding and registation of the Norwegian entity in the Register unit.
Which registration suits my company?
- Norwegian Branch (NUF)
Start a branch of your business in you home country. This is a Norwegian registered foreign company.
- Sole proprietorship (ENK)
A single person is responsible for the business. You run the business on your own account and at your own risk.
- Private limited liability company (AS)
With this company you can invest at least NOK 30.000 as share capital. With this type of registration the shareholders will have no personal liability.
- Register through VAT-representative
Foreign company with no place of business or residence in Norway must be registered through a representative.