To pay Norwegian tax of almost 1% of the global net wealth – including on the home, cars, shares, bank savings, etc. situated outside Norway – may come as a surprise for many foreigners working in Norway.
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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.
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Topics: Corporate Law, VAT, Business in Norway
Non-Norwegian enterprises doing business in Norway will find that the basic Norwegian compliance obligations are rather burdensome, and failure to comply commonly results in severe sanctions. As always, it is better to do the right things from the beginning than to tidy up afterwards.
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Topics: Corporate Law, Corporate Taxes, VAT, Labor Law, Work in Norway, Tax return in Norway, Business in Norway
The basic rule is that all Norwegian companies and foreign enterprises conducting business activities in Norway are subject to Norwegian corporate tax.
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Topics: Corporate Law, Corporate Taxes, Business in Norway
