Norway

Norway - Civil law (Scandinavian)
Incorporate Now
Click request a call for a free, no obligation consultation.
In a hurry? Click incorporate now, and startup your company immediately.

Norway taxes

If you want to do business in Norway, this article will educate you on the tax laws for a LLC, which is the most common legal entity in Norway.

Norway taxes corporate income on a worldwide basis. The prevailing approximate tax rate for offshore income, from our research, and this is not personal tax advice, is 24%. The corporate income tax standard rate in Norway is 24%. This ranks Norway as 98th when compared to corporate tax rate worldwide. Petroleum and Hydropower activites are subject to an additional tax of 54% and 34.3% respectively.

The value added tax (VAT) rate is 25.00%, which ranks Norway as 171th overall with regards to value added tax rate worldwide. In terms of other taxation, an employer will contribute 14.10% to the equivalent of a social security fund and an employee will contribute 8.20%. The overall complexity of the tax system is low. This is measured by average time to comply with a country's labor tax requirements is as it is 15hours. Contributing to this is the number of yearly labor tax payments, which is 1 in NO.

Thin cap rules are in play. Thin capitalisation refers to any type of requirements on companies' debt-to-asset ratios.
Dividends received from a Norwegian or EEA/EU resident company may be 97% tax exempted. If dividends are received by a non-EEA company, 97% exemption may apply if resident company holds at least 10% of the shares for at least two years. Dividends from low-tax jurisdictions may be 97% exempted, if it is proved that are conducted real business activities. Intragroup Norwegian/EEE companies dividends may be fully exempted, provided that the company holds more than 90% of shares. Dividends which are not exempted are included in corporate income tax base. A dividend is distributions of a company's earnings, decided by the board, to a class of its shareholders. Dividends can be one of the following shares of stock, cash payments, or other property.
Capital Gains from the disposal of shares from a Norwegian/EEA/EU company may be tax exempt. Gains received from a non-EEA/EU company may be tax exempt, provided that parent company holds at least 10% of the shares for at least two years. The exemption may apply to gains from subsidiaries of low-tax jurisdictions, provided that are conducted real business activities. Rest of capital gains are included in income tax base. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.

The dividends withholding tax rate is 25%. This should be interpreted usually that the taxman expects relevant legal entities to automatically withhold 25% on dividends paid to non-residents, unless rate is reduced under a tax treaty. Dividends paid to EEA/EU residents companies may be exempt from withholding tax, provided that the shareholder conducts real business activities. Interests and royalties are not subject to withholding tax.

There is a tax on net wealth in Norway. There are no known inheritance and transfer taxes. There are real property taxes. We are aware of commonly used credits for innovation spend that include breaks on taxation in Norway.

The above is not tax or legal advice for your company's facts and circumstances. Incorporations.io can refer you to an accountant in Norway who will advise you. Want to work together? Click incorporate now if you are in a hurry, or press the free consultation button above.

It takes approximately 24 hours to file and prepare documents for a Norway Civil law (Scandinavian).
The corporate tax is approximately 24% which is 98 in the world.

Owners of a company in Norway are allowed to carry back a loss and may be allowed to carry forward a loss for 100 years.

The vat rate in Norway is 25% which ranks 171 in the world.

Patent box
RND credit
Wealth tax
Estate tax
Transfer taxes
Asset taxes
Capital duties
126Tax treaties
24%Offshore Tax
24%Corp rate
2Loss carryback years
24Corporate time
25%VAT rate
24%Capital gains
2017AEOI planned

Read this to learn about incorporating a company in
Norway

We can help you form a company in Norway. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Norway, which is required by law.

We can help you with your incorporations needs for an initial payment of just $1000.

Easy Step by Step Process:
The standard process typically takes between two (2) to three (3) weeks depending on when we receive all the required information from you. Once we receive your information, we will email you a complete set of documents for your review within 3 working days upon confirmation of payment. After executing the documents, you will need to mail them to us and we will formally submit your application for filing with the Registry. The Registry will then take about 3-8 working days to process the incorporation and produce certificates necessary for opening your bank account.

Applying for Your Bank Accounts:
Incorporations.IO maintains close working relationship within our extensive network of partner banks to help you apply for and receive banking services that are most appropriate to your specific situation. From the time of verification of incorporation it can take (1) one week to (2) two weeks to apply for and receive a bank account. We work primarily with banks that allow for remotely opened accounts to ensure you are ready to do business as soon as possible.

Applying for Payment Processing:
We include introductions to payment processors or merchant accounts with all of our incorporation services. Whether you just need standard credit card processing or specialized services for high risk processing, we have partners that can assist you and are happy to help you with introductions that can empower your business.

Start Online or via Phone:
We can get started for you whenever you are ready via a US$1000 initial payment via credit card. I get notified whenever a payment is made here and would send out the welcome letter and initial forms we would need within 12 hours. If you prefer, we can also process via a phone or Skype call.

Norway Tax Treaties

CountryTypeDate signed
Brunei
TIEA2012-06-27
Tanzania
DTC 1976-04-28
Iceland
DTC 1989-12-07
Malawi
DTC 2009-08-12
Bosnia and Herzegovina
DTC 1983-09-01
Finland
TIEA1989-12-07
Georgia
DTC 2011-11-10
Bangladesh
DTC 2004-09-15
Canada
DTC 2002-07-12
Italy
DTC 1985-06-17
Barbados
DTC 1990-11-15
Costa Rica
TIEA2011-06-29
France
DTC 1980-12-19
Venezuela
DTC 1997-10-29
South Africa
DTC 1996-12-02
New Zealand
DTC 1982-04-20
Qatar
DTC 2009-06-29
Monaco
TIEA2010-06-23
Ukraine
DTC 1996-03-07
Australia
DTC 2006-08-08
Anguilla
TIEA2009-12-14
Saint Vincent and the Grenadines
TIEA2010-03-24
Botswana
TIEA2013-02-20
Guernsey
TIEA2008-10-28
Portugal
DTC 2011-03-10
Grenada
TIEA2010-05-19
Andorra
TIEA2010-02-24
Trinidad and Tobago
DTC 1969-10-29
Malta
DTC 2012-03-30
Zambia
DTC 1971-07-14
Vanuatu
TIEA2010-10-13
Ireland
DTC 2000-11-22
San Marino
TIEA2010-01-12
Antigua and Barbuda
TIEA2010-05-19
Bahamas
TIEA2010-03-10
Gibraltar
TIEA2009-12-16
Cook Islands
TIEA2009-12-16
Albania
DTC 1998-10-14
China
DTC 1986-02-25
Hong Kong
TIEA2014-08-22
Isle of Man
TIEA2007-10-30
Zimbabwe
DTC 1999-03-09
Cyprus
DTC 1951-05-02
Aruba
TIEA2009-09-10
Senegal
DTC 1994-04-07
Macedonia
DTC 2011-04-19
Chile
DTC 2001-10-26
Seychelles
TIEA2011-03-30
Samoa
TIEA2009-12-16
Marshall Islands
TIEA2010-09-28
South Korea
DTC 1982-10-05
Sint Maarten
DTC 1989-11-13
Malaysia
DTC 1970-12-23
Mexico
DTC 1995-03-23
Azerbaijan
DTC 1996-04-24
Greece
DTC 1988-04-27
Saint Kitts and Nevis
TIEA2010-03-24
Estonia
DTC 1993-05-14
Egypt
DTC 1964-10-20
Latvia
DTC 1993-07-19
Vietnam
DTC 1995-06-01
Panama
TIEA2012-11-12
Nepal
DTC 1996-05-13
Montserrat
TIEA2010-11-22
United Kingdom
DTC 2013-03-14
Uganda
DTC 1999-09-07
Benin
DTC 1979-05-29
Netherlands
DTC 1990-01-12
Bermuda
TIEA2009-04-16
Guatemala
TIEA2012-05-15
Lithuania
DTC 1993-04-27
Sri Lanka
DTC 1986-12-04
Indonesia
DTC 1988-07-19
Turkey
DTC 2010-01-15
Turks and Caicos Islands
TIEA2009-12-16
Russia
DTC 1996-03-26
Kazakhstan
DTC 2001-04-03
Slovenia
DTC 2008-02-18
Ivory Coast
DTC 1978-02-15
Cayman Islands
TIEA2009-04-01
Jersey
TIEA2008-10-28
Uruguay
TIEA2011-12-14
Serbia
DTC 1983-01-10
Croatia
DTC 1983-01-10
Poland
DTC 2009-09-09
Liberia
TIEA2010-11-10
Singapore
DTC 1997-12-19
Greenland
TIEA1989-12-07
Macao
TIEA2011-04-29
Niue
TIEA2013-10-16
Switzerland
DTC 1987-09-07
Sierra Leone
DTC 1951-02-05
Morocco
DTC 1972-05-05
Curacao
DTC 1989-11-13
Mauritius
TIEA2011-12-01
Sweden
TIEA1989-12-07
Israel
DTC 1966-11-02
Germany
DTC 1991-10-04
Romania
DTC 1980-11-14
United States
DTC 1971-12-03
India
DTC 2011-02-02
Dominica
TIEA2010-05-19
Gambia
DTC 1994-04-27
Denmark
TIEA1989-12-07
Brazil
DTC 1980-08-21
Belize
TIEA2010-09-15
Tunisia
DTC 1978-05-31
Jamaica
DTC 1991-09-30
Bahrain
TIEA2011-10-14
Spain
DTC 1999-10-06
Belgium
DTC 1988-04-14
Liechtenstein
TIEA2010-12-17
Czech Republic
DTC 2004-10-19
Luxembourg
DTC 1983-05-06
Thailand
DTC 2003-07-30
Slovakia
DTC 1979-06-27
Japan DTC 1992-03-04
Bulgaria
DTC 1988-03-01
Austria
DTC 1995-11-28
Argentina
DTC 1997-10-08
Faroe Islands
TIEA1989-12-07
Kenya
DTC 1972-12-13
Hungary
DTC 1980-10-21
Philippines
DTC 1987-07-09
Pakistan
DTC 1986-10-07
Saint Lucia
TIEA2010-05-19

Country Info

National Flag of
Kongeriket Noreg (nno)
Kongeriket Norge (nob)
Norgga gonagasriika (smi)
Currency
NOK
Area Code
+47
Capital
Oslo
Region
Northern Europe
Native Languages
Norwegian Nynorsk
Norwegian Bokmål
Sami