Anyone who receives income from work in Norway or on the Norwegian continental shelf, is required to file a Norwegian tax return.
In this blog post we describe how to establish a private limited liability company in Norway (aksjeselskap).
Norway is not a member of the European Union (EU), but it is a member of the European Economic Area (EEA). This means that transactions of goods across Norwegian borders and to or from the EU will be regarded as import or export supplies. This, in turn, creates a few challenges you should observe before entering into an agreement with a company established in Norway.
Historically, the unions and employees in Norway have a strong position. This is particularly evident in the strict procedures that must be followed, and in the numerous rights employees in Norway enjoy in situations of workforce reductions. Even if the employer’s economic situation is critical, it is important to follow the correct procedures in order to avoid potential claims.
As a general rule, EEA workers have the right to enter and work in Norway. However, during the ongoing pandemic, there are temporary restrictions on the entry to Norway. Furthermore, requirements regarding testing and registration apply. In this blog post we will explain these rules and requirements.
Topics: Corona virus
Updated 10 February 2021: In the current situation, the corona virus causes constant changes in the restrictions regarding quarantine rules. For foreigners it can be difficult to know which quarantine rules apply when arriving in Norway. The purpose of this blog post is to clarify the rules for quarantine.
Topics: Corona virus
Foreign multinationals that wish to expand their activities to Norway must consider which kind of legal entity and corporate structure they should use. The choice may have impact on the success in doing business in Norway as well as a multitude of legal and compliance implications.
The European Union recently passed new regulations on sustainable finance. As a result of the new regulations, companies in all industries are forced to be more sustainable in order to obtain financial funding. It is expected that the regulations will be implemented in Norwegian law during the first half of 2021. The implementation will be of great importance for companies operating in Norway.
Do you have employees who performed work in Norway in 2020? Don’t forget the annual wage report.
Non-Norwegian enterprises doing business in Norway will find that the basic Norwegian compliance obligations are rather burdensome. Failure to comply commonly may results in severe sanctions. As always, it is better to do the right things from the beginning than to tidy up afterwards.