We regularly assist foreign companies establishing a business structure in Norway, and offer an assessment of the tax liability for both the companies and their employees. VAT in Norway Foreign businesses that start up activities liable to VAT in Norway must calculate and pay VAT in the same way as Norwegian businesses. There's even American football played here! Relationships are usually only transactional and business contacts are not expected to build close ties over time. That said, there are many Americans happily living and working in Norway. Do you want to invest in Norway? The business does not perform foreign trade activities and does not handle products subject to a special tax regime, for example, liquor or tobacco. Of course, just because an American company has a presence in Norway doesn't mean it's necessarily any easier for foreigners to get jobs there. KPMG Foreign Business Services offers a comprehensive package of services tailor-made for your business needs in order to get your business established and up and running. As a foreign multinational doing business in Norway you should be aware of the multitude of compliance obligations you must adhere to. As a consequence, Norwegian businesses will need to prepare for a new set of rules involving e.g. control of foreign ownership, as the new Act will provide the Norwegian Government with authority to stop foreign investments that may threaten security … Start up costs for setting up a business in Norway are low and its relatively easy to establish. Economically Norway has a sophisticated and stable free market with vast natural resources, efficient business culture and low levels of corruption. The Norway branch. Here is a beginner's guide to Norwegian tax for expats. The scope of operations for the branch will be defined by the parent company but the branch office will have an independent management team, including one resident representative in Norway. University of South-Eastern Norway. We have the markets leading experts in tax, legal and contract legislation and are familiar with complex business -and legal environments. Free Tuition Link; University of South-Eastern Norway is a great institution that have campuses all throughout Norway. Failure to comply may imply severe sanctions. This free university in Norway currently serves around 17,000 students, and you could become one of them if you apply! Get your business off the ground and grow your presence with free advisory services. It is important to be open and discuss all aspects of your business. For foreign investors the main opportunities for development are seafood, timber and metal products, telecommunications, hydropower equipment and oil and gas. Corporate law in Norway allows foreign companies to set up branch offices in Norway. That being said, trust, honesty and transparency are crucial for Norwegians, who may be reluctant to do business with foreigners lacking these values. There is a common belief that tax in Norway is sky high and you will turn over up to half of your income to the Government. Do business in Norway? The Official Investment Promotion Agency of Norway, Invest in Norway: - provides an extensive network to help foreign companies establish and run their business in Norway. Taxes are the price of life in Norway, but there are many misconceptions. Information for foreign nationals in Norway that explains what you'll need to do in order to run a business here. Despite not being a member of the EU, both Norwegian and foreign owned companies have unrestricted access to the EU market through the EEA agreement. It recently received the “university” status from the government. 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