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Company Registration in Norway
Company Registration in Norway -By Himani Srivastava Conditions for starting a private limited company: ● Private limited companies can be founded by one or more people. Both natural and legal persons (such as private limited companies) can be founders. ● You must be aged 18 or over in order to be a founder or perform another role in a private limited company. ● The company must have a Norwegian business address (i.e. a Norwegian physical address which is stated in the format: street/road, house number, postcode and postal town. Postbox addresses will not be accepted). Founding and registering a private limited company How to found and register a private limited company when those who are to perform roles in the company have a Norwegian national ID number or d-number. Found the company by completing and signing the form ' Foundation of a limited company'. Ask the bank to set up a share capital account. Deposit the share capital (minimum NOK 30,000) and ask for confirmation of receipt from the bank. The confirmation can also be given by an auditor, a lawyer or authorized accountant. If the share capital consists of other assets (non-cash contribution), the value of these assets must be confirmed by an auditor. Register the company by following the link to register in the Register of Business Enterprises in the notification you received in your Inbox in Altinn. Confirmation that the share capital has been deposited must be enclosed. Send the notification for signing. You will then receive a notification for signing in your Altinn inbox, which you will use in order to sign the form. The entire board of directors must electronically sign the notification, and the bank must electronically sign the confirmation to verify that the share capital has been paid in. If the company has chosen to have an auditor, the auditor must electronically sign the notification. You will be notified when the company has been registered via your Inbox in Altinn. Registering a private limited company costs NOK 5570 (the one-off fee from the Register of Business Enterprises). Upon registration, the company will be assigned an organisation number. When one or more of the founders do not have a Norwegian nati onal ID number or d-number, while those who are to perform role s in the company have a Norwegian identification number, you n eed to follow this procedure: How to found and register a private limited company when some of those who are to perform a role in the company do not have a Norwegian national ID number or d-number. The Brønnøysund Register Centre on regis tering Limited Company (AS) (in Norwegia n only) The Brønnøysund Register Centre on foun ding a limited company (in Norwegian only) Foreign Citizen If you are not a citizen of an EU/EEA country and are planning to run a business in Norway, you need to have a residence permit that will allow you to work here. You can find information about the terms and requirements for a resident permit on the Norwegian Directorate of Immigration's (UDI) website. Naming a private limited company Private limited companies must have the form of incorporation 'aksjeselskap' or the abbreviation 'AS' either before or after the company name. More about choosing names (domain names, business names and trademarks). Deadline for registration The Register of Business Enterprises must receive notification of the registration of the company no later than three months after the company is founded. The company is founded when the last founder has signed the memorandum of association. Companies cannot normally take on obligations until they have been registered. How long does it take? The Brønnøysund Register Centre's case processing times vary during the year. The Brønnøysund Register Centre – expected processing time (in N orwegian only) Running a private limited company Once you have registered a company, you should familiarise yourself with the rules for running a private limited company. Aksjeloven (in Norwegian only) Foretaksregisterloven om førstegangsregistrering (in Norwegian onl y) Thank You
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