Do I need to live in Norway or have a Norwegian partner?

No, but you must meet the EEA residency requirement for directors. Scandicorp can provide local representation if needed.

What government incentives are available?

There are grants, tax reliefs, and innovation programs for R&D, green technology, and export-oriented businesses.

Skip to main content Skip to search

Doing Business in Norway

Q: Can foreigners start a business in Norway?

Yes. Non-residents can establish a company, but at least half of the board must be EEA residents. For branches, a local representative is required.

Q: Which sectors are best for new entrants?

Energy, seafood, maritime, and technology are the most promising sectors, especially for businesses focused on sustainability and innovation.

Q: What are the main challenges?

Navigating regulations, high labor costs, and adapting to Norwegian business culture. Scandicorp helps you overcome these with expert local support.

Start Your Business in Norway with Scandicorp

Norway is a stable, business-friendly country that ranks high for transparency, innovation, and ease of doing business. The government supports entrepreneurship and green innovation, making Norway ideal for new ventures. Scandicorp is your reliable partner throughout the journey.

Start your business in Norway with Scandicorp |
Download Corporate Fact Sheet

Key Market Opportunities

Norway’s economy is strong and diverse, with standout sectors including:

Energy – leader in hydroelectric and wind power, with grants and incentives for green tech.
Seafood – globally recognized exporter with sustainable aquaculture practices.
Maritime – pioneer in green shipping and digital maritime services.
Technology – growing in AI, health tech, and smart city solutions.

Advantages of Doing Business in Norway

Economic stability with high GDP per capita.
Transparent regulations and easy access to EEA markets.
Government support for sustainability and innovation.
Green practices integrated across sectors.

Scandicorp’s Role

We help businesses start and grow in Norway, offering legal, tax, and administrative support so you can focus on success.

How to Start a Business in Norway

Choose a Business Structure
- Private Limited Company (AS): Common, NOK 30,000 capital, EEA-resident directors.
- Public Limited Company (ASA): For larger firms, NOK 1M capital, 3 directors minimum.
- Branch Office: For foreign companies expanding into Norway.
Register Your Business
- With the Norwegian Register of Business Enterprises.
- Prepare legal documents and shareholder information.
Legal & Tax Compliance
- Comply with tax, accounting, and employment laws.
- Mandatory financial reporting; audit exemptions may apply.

Financial Setup

Corporate Taxation

22% corporate tax rate.
Most capital gains and dividends are tax-exempt.
Special regimes for petroleum and shipping.
25% VAT standard rate.

Banking & Financing

Scandicorp helps open accounts and secure funding.

Government Support & Incentives

R&D and green tech grants.
Funding from Norwegian Research Council and others.
Access to public procurement and industry clusters.

Norwegian Business Culture & Networking

Direct communication and consensus-based decision making.
Scandicorp helps build local relationships and trust.

Challenges & How Scandicorp Helps

Strict compliance — we guide you through it.
High labor costs — we advise on HR strategies.
Market entry barriers — we offer local insights and practical help.

Ongoing Support from Scandicorp

After launch, we provide:

Accounting & financial reporting
Legal compliance monitoring
HR and recruitment help
Custom solutions based on your goals

Frequently Asked Questions

Can foreigners start a business in Norway?

Yes, though half the board must reside in the EEA. A local rep is needed for branches.

Do I need a Norwegian partner?

No, but residency requirements apply. Scandicorp provides local representation if needed.

Which sectors are best for new entrants?

Energy, seafood, maritime, and tech are top sectors — especially if you focus on innovation and sustainability.

What incentives exist?

Norway offers grants, tax reliefs, and R&D programs for green and export-focused businesses.

What are the main challenges?

Complex regulation, high costs, and cultural adaptation. We help you overcome all of them.

Contact Us for a Free Consultation

Have questions about starting your company in Norway?

Contact Scandicorp for a free consultation and let us help you succeed.

Start your business in Norway |
Download Corporate Fact Sheet