How to register in Norway
Wednesday, 04/03/2013 14:12 GMT+7
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No
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Step
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Procedure
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1
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Deposit initial capital
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Time to complete: 1 day
Free of charge.
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2
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Have the balance sheet examined by a certified outside auditor
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The auditor must issue three statements confirming (a) the opening balance; (b) the share deposit as being fully paid up, and (c) the company’s acceptance of the auditor appointment. Statement fees are NOK 3,000–5,000.
Time to complete: 1 day
Fee: NOK 4,000
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3
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Register with the Register of Business Enterprises and file for VAT registration.
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The web-based filing system allows for electronic signature of the registration form and for the possibility to upload all attachments (copies of signed versions of the memorandum, auditor statements, and the rest). It will still possible to file all documents manually by regular mail. Some registration enquiries cannot be filed over the Internet (mergers, some cases of increase of share capital, and so on) and must be filed by mail. Registration also protects the firm name.
VAT registration is required when the company’s turnover has exceeded NOK 50,000. VAT cannot be charged on goods and other items before VAT registration is completed. However, in certain cases the company may register for VAT before starting business operations. The VAT registration form can be submitted at the same time as filing for company registration.
Time to complete: 3 days
Fee: NOK 5320 (electronically) / NOK 6382 (on paper)
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4
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The employer enrolls in the mandatory workers’ injury insurance
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Time to complete: 1 day (simultaneous with previous procedure)
Free of charge
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5
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Arrange for mandatory occupational pension plan for employees
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As of July 1, 2006, a new law was adopted requiring the employer to arrange for a mandatory occupational pension plan for its employees. The fees vary with the benefits and level of coverage in the pension plan. The minimum requirement is 2% of each employee’s salary (within average levels of salaries).
Time to complete: 1 day (simultaneous with previous procedure)
Free of charge
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Source: Doing Business Report – The World Bank