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    Do the right things when doing business in Norway

    By Martin Wikborg - Partner 14. January 2021

    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.

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    Topics: Corporate Law, Corporate Taxes, VAT, Labour Law, Work in Norway, Tax return in Norway, Business in Norway

    Brexit's impact on Norwegian corporations with UK management

    By Inger Lise Løvneseth - Partner 13. January 2021

    From 1 January 2021, Norway's relationship with the UK is no longer regulated by the EEA Agreement. This can affect the management of Norwegian companies if the management and/or board members live in the UK or are UK citizens.

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    Topics: Internasjonal virksomhet, Corporate Law, Business in Norway, Brexit

    VAT for foreign businesses operating in Norway: 7 frequently asked questions

    By Synnøve Sørdal - Partner 13. January 2021

    Foreign enterprises that direct their business towards the Norwegian market will at some point face Norwegian VAT regulations and must know how to act. Learning the basics of Norwegian VAT regulations enables you to get the VAT deductions you are entitled to and can also help you to avoid expensive mistakes.

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    Topics: Corporate Taxes, VAT, Business in Norway

    Starting a company in Norway – 9 key steps

    By Øivind Henrik von Mehren - Partner 30. December 2020

    Foreign companies starting up business in Norway will soon enough encounter Norwegian compliance, formalities and reporting responsibilities.

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    Topics: Business in Norway

    Pre-registration for VAT in Norway in order to deduct VAT

    By Synnøve Sørdal - Partner 10. December 2020

    Enterprises doing business in Norway are not entitled to deduct input VAT for their acquisitions until the enterprise is formally registered for VAT. An ordinary registration can, as a main rule, only take place after a Norwegian turnover is documented. In the stage of starting up the Norwegian division, this delay can be both unpractical and offer a significant liquidity disadvantage.

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    Topics: Corporate Taxes, VAT, Business in Norway

    Norwegian holiday regulations to be aware of before year-end

    By Erik Engeland - Lawyer 1. December 2020

    The Norwegian Holidays Act states that employees are entitled to a minimum of four weeks and one day of vacation per year. However, most Norwegian employees have agreements allowing them five weeks of vacation per year.

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    Topics: Labour Law, Work in Norway, Business in Norway

    Brexit and British citizen’s in Norway

    By May-Liz Rasmussen - Tax advisor 13. November 2020

    The UK has left the EU and the agreed transition period expires 31 December 2020. Ensure you have official proof of residency when travelling to Norway from 1 January 2021.

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    Topics: Work in Norway, Business in Norway, Employees, Brexit

    Work permits in Norway for skilled workers

    By Christian Lyngholm Fjeldsøe - Lawyer 3. November 2020

    Foreign nationals who intend to work in Norway may need to apply for a work permit. Generally, non-EU/EEA/Swiss nationals need to apply for a permit to reside and work in Norway. Working in Norway illegally may result in reactions such as expulsion, prohibition from future entry, and registration in the Schengen Information System.

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    Topics: Work in Norway, Business in Norway

    Norway – corporate tax alert

    By Christian Lyngholm Fjeldsøe - Lawyer 9. October 2020

    Norway is about to introduce withholding tax on interest, royalties, and certain lease payments.

    On October 7, 2020, the Norwegian Government presented its national budget for 2021, including several changes to the tax rules in Norway.

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    Topics: Corporate Taxes, Business in Norway

    PAYE tax scheme in Norway

    By Inger Lise Løvneseth - Partner 22. September 2020

    From 2019, a new and simplified tax scheme is available for foreign workers in Norway. The scheme is called PAYE (Pay As You Earn). Most foreign workers will fall under this scheme the first year they work in Norway.

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    Topics: Corporate Taxes, Work in Norway, Tax return in Norway, Business in Norway

    Welcome to the Magnus Legal blog

    We share relevant and applicable information related to doing business in Norway. Our lawyers focus on the practical implications for our clients of relevant business legislation, such as how to tender, how to draft and win contracts in Norway, how to establish and operate a Norwegian business and how to comply with the tax regulations.

    New blogs are posted regularly. If you want to be up to speed, you are welcome to sign up for e-mail notifications of our blogs.

     

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