Norway is repeatedly ranked as one of the best countries in the world to live in, scoring high on the World Bank’s “Ease of Doing Business” ranking. To set up a business in the Rana Region is safe and easy.
Register a company
If you want to start a business in Norway, you must comply with the same laws and regulations as Norwegian enterprises do. To get started you need a Norwegian company address with a postal address, post number and city.
Registering a company in Norway must be done through the Brønnøysund Register Center. All foreign businesses in need of a Norwegian organisation number must register as a Norwegian registered foreign business (NUF). Furthermore, foreign nationals who are seeking to start and operate a business in Norway, needs a Norwegian D-number (a personal ID number). This is also done through the Brønnøysund Register and can be acquired when registering the company.
The whole process of registering a company and getting a D-number can be done online, but Invest in Norway would normally advise foreign owners to use a Norwegian lawyer firm or a consultant to do the process from abroad.
For more information: Register a company – Invest in Norway (invinor.no)
The tax system
Income, interest, dividends, capital gains on the disposal of assets and foreign-sourced income are taxable in Norway. However, for resident limited liability companies or entities, the participation exemption method is applicable for dividends and gains on shares and partnership interests. There is no separate tax on capital gains, hence capital gains are taxed as ordinary income at the general corporate income tax rate of 22 %.
For more information:
Understand the tax system – Invest in Norway (invinor.no)
How to start a business in Norway – Invest in Norway (invinor.no)
Reports
When venturing North there are many questions to be answered: how to hire, how to get financed, what local suppliers can we use and what is the infrastructure? We have collected some tips for answering some of the questions:
How to hire in the Venture North region
We are here to help you
We at Venture North, Invest in Rana Region Norway, assists foreign businesses, investors, and professionals in identifying and realizing business opportunities in the Rana region. We are here to help you, so please do not hesitate to contact us.