Doing business in Norway – this is what you need to know.
Doing business in Norway can be quite easy given one has taken the neccessary steps to make a solid foundation for a structured approach to fulfill the legal requirements of the country. In general Norway has digitalized business reporting to a large extent. So at the point when you have set up all the buisiness processes properly it is quite smooth to do business in Norway.
Register a company in Norway
After the incorporation of the company it needs to be registered in Brønnøysundregistrene. This can be done electronically through their website. In Norway you can register a so called NUF “norsk registrert utenlandsk foretak” which is a Norwegian branch of a foreign company. Altinn.no has a good article about NUF.
Norway has laws that protect the employees to a large extent. The relevant laws that governs this area is the Working Environment Act, the National Insurance Act, the Act on obligatory occupational pension (OTP Act) and the Annual Holidays Act.
The general rule in Norway is permanent employment. In some cases temporary employment can be used or consulting contracts can be used. To employ a foreign worker working permit through UDI may be required. It is advisable to accertain that working permit is not needed or apply for this.
In certain sectors there are minimum salaries that apply. The average salary per month in all sectors in 2019 was 47.290 NOK. The information in different sectors can be found on Statistisk Sentralbyrå website.
Using a legal advisor when entering into employment contracts is recommended.
Feel free to get in touch with us if you need legal assistance. Phone +47 23 68 85 58 or e-mail: email@example.com