Starting a Business in Norway: Step-by-Step Guide
Norway is one of the easiest countries in Europe to start a business. This guide explains the process of registering a company and what foreigners should know before starting.
Published: March 14, 2026
Is it easy to start a business in Norway?
Norway has a transparent and well-structured system for starting companies.
Both Norwegian citizens and foreigners can establish a business.
The country offers:
• strong legal protection
• digital government services
• simple registration processes
Most businesses are registered online.
Choosing a company type
The most common business structures in Norway are:
ENK (Sole Proprietorship)
A simple structure for freelancers and small businesses.
AS (Limited Company)
A more formal company structure suitable for growing businesses.
Key differences:
ENK
• no minimum capital
• owner personally responsible for debts
AS
• minimum capital requirement (usually 30,000 NOK)
• limited liability
Registering a company
Companies in Norway are registered through Brønnøysund Register Centre.
Registration normally involves:
choosing a company name
selecting a business structure
registering the company online
submitting required documentation
Once approved, the company receives an organization number.
Taxes for businesses
Businesses in Norway must report income and pay taxes.
Corporate tax currently applies to company profits.
Companies may also need to register for VAT if annual revenue exceeds the required threshold.
VAT registration allows businesses to charge and deduct value-added tax.
Business bank account
Most companies need a Norwegian bank account.
Banks may require:
• identification documents
• company registration documents
• proof of business activity
Opening a business account can take several weeks.
Accounting requirements
Businesses must keep proper accounting records.
Many companies hire accountants to manage:
• bookkeeping
• tax reporting
• annual financial statements
Accounting rules are strictly enforced in Norway.
Hiring employees
If your business hires employees you must register as an employer.
This includes reporting salaries and paying employer contributions.
Employment regulations in Norway are strict and designed to protect workers.
Common mistakes
Foreign entrepreneurs often make mistakes such as:
• choosing the wrong company structure
• misunderstanding tax rules
• not planning startup costs
Proper preparation can prevent many issues.
Need help starting a business?
Starting a business in a new country can be complex.
Norwygo consultants can help you:
• understand Norwegian business regulations
• register your company
• navigate legal and administrative processes
