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Residency and Business – Living in Norway Without Formal Employment

A Guide for Foreign Entrepreneurs

Norway is an attractive destination for entrepreneurs looking to establish and run a business. However, securing residency without formal employment can be complex. This guide outlines the available residency options for foreign entrepreneurs, covering work visas, residence permits, and legal requirements. Scandicorp, a leading corporate services provider, assists entrepreneurs in navigating these regulations and ensuring compliance.

Can I Live in Norway If I Start a Business But Do Not Have a Formal Job?

Yes, it is possible to live in Norway while running a business, but residency is not automatically granted through business ownership. To stay legally, entrepreneurs must apply for an appropriate residence permit that aligns with their business activities and income level. Norway offers specific residency options for self-employed individuals, but certain requirements must be met.

Scandicorp specializes in assisting entrepreneurs in setting up businesses in Norway and ensuring they meet all legal residency requirements.

What Type of Residency Permit Do I Need to Run a Business in Norway?

Self-Employment Visa (Entrepreneur Permit)

  • Designed for non-EU/EEA citizens who wish to establish and operate a business in Norway.
  • Requires a comprehensive business plan demonstrating economic viability.
  • The business must generate enough income to support the applicant.
  • Applicants must provide proof of financial resources.

EU/EEA Citizens

  • Can stay in Norway without a visa but must register with the authorities if staying for more than three months.
  • Proof of sufficient income or business operations is required for long-term residency.

Family Immigration Permit

  • Available for individuals married to, or dependent on, a Norwegian citizen or resident.
  • Allows engagement in business activities without requiring a separate work permit.

Permanent Residency

  • Available after three years of legal residence under a business permit.
  • Requires proof of continuous business activity and compliance with tax regulations.

How Scandicorp Can Assist

  • Advising on the best permit based on business structure and personal circumstances.
  • Preparing documentation and business plans for residency applications.
  • Ensuring compliance with financial and business regulations.

What Are the Visa Requirements for Non-EU/EEA Entrepreneurs in Norway?

Non-EU/EEA entrepreneurs must apply for a residence permit before arriving in Norway. The application process involves:

  • Submission of a detailed business plan.
  • Proof of sufficient financial resources to sustain the business and personal expenses.
  • Health insurance coverage.
  • Valid identification and legal documentation of business registration.

Scandicorp provides guidance in preparing all necessary documentation and ensuring that the application meets the Norwegian Immigration Directorate (UDI) standards.

How Long Can I Stay in Norway as a Business Owner Without Employment?

  • Short-term stays (up to 90 days): Visa-free entry for many nationalities, but work is restricted.
  • Long-term stays (beyond 90 days): Requires a valid residence permit to run a business legally.
  • Transition to Permanent Residency: After three years of running a business under a self-employment visa, entrepreneurs may apply for permanent residency.

To remain compliant, entrepreneurs must ensure that their business is active and meets financial and tax obligations. Scandicorp offers ongoing support to help entrepreneurs maintain compliance.

How Scandicorp Supports Entrepreneurs in Norway

  • Company Formation: Assistance in setting up an Aksjeselskap (AS) or branch office.
  • Legal Compliance: Ensuring regulatory and tax obligations are met.
  • Residency Assistance: Guiding entrepreneurs through visa applications and renewals.
  • Corporate Services: Providing registered office addresses and local representation.

Last Words

Norway presents excellent opportunities for entrepreneurs, but obtaining residency without formal employment requires careful planning and adherence to legal regulations. Scandicorp specializes in guiding foreign entrepreneurs through every step of establishing a business in Norway while ensuring compliance with immigration laws.

For expert assistance in setting up your business and securing residency in Norway, contact Scandicorp today.