Norway

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Country Knowledge

Our local member provided the following preliminary information about doing business in this country.
Please contact the firm for more information and obtain professional advice in each country concerned.
Our local member will be happy to help you proceed with your business!

General information

Languages :

  • English
  • Swedish
  • Bulgarian

Population : about 5,2 million

Currency: NOK (Norwegian kroner)

Current Exchange Rate to USD: NOK 9,9187 for each dollar

Standard corporate income tax rate:

22 %

Standard dividend withholding tax rates:

15 %

Branch taxation:

22 %

Standard Interest withholding tax:

15 %

Interest expense deduction rules:

Full deduction for interest

Standard royalty withholding tax rate:

15 %

Laws and government

Common law: Yes

Civil law: Yes

Religious: No state church. Private faith

Federal / national only?: Mostly national law

Other infos about governmental layers:

Member of European Economic Area

Data privacy rules?:

Yes

Data security rules?:

Yes

Standards & Tax treaties

Number of tax treaties: about 100

OECD MLI treaty signatory?: YES

Type of tax: VAT

Taxes on foreign products?: Yes

Taxes on foreign services?: Yes

Typical time and cost to incorporate a local private company: Around 1 month, NOK 40 000

Typical time and cost to register a branch of a foreign company: Around 1 month, NOK 10 000

The information provided on this website is intended for general informational purposes only and should not be construed as professional advice. While our members make every effort to ensure the accuracy and reliability of the information presented, we cannot guarantee its completeness, timeliness, or suitability for any particular purpose.

We strongly recommend that you seek professional advice from a qualified expert in the relevant field before making any decisions or taking any actions based on the information provided on this website. Your reliance on any information presented on this website is at your own risk.

Please note that the information on this website is subject to change without notice, and we assume no responsibility or liability for any errors or omissions in the content. By accessing and using this website, you agree to release us from any and all claims, liabilities, and damages arising from your use of the information provided herein.

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