How to Set Up Company Registrations in Norway

To ensure legal compliance and proper management of employees, a company in Norway should complete the following registrations:

1. Choose a business name and check its availability
   The first step in setting up any business is choosing a name. In Norway, you must ensure that your chosen name isn't already in use by another company.
2. Register your business with the Brønnøysund Register Centre
   The Brønnøysund Register Centre is Norway's official business register where you must register your company. This process requires providing essential details about your business, such as its name, address, and nature of operations.
3. Open a business bank account A business account is essential for managing your company's financial transactions. Banks have varying requirements for opening business accounts, so it's wise to research and select one that best meets your needs.
4. Register for VAT if your annual turnover exceeds NOK 50,000
   Companies in Norway with an annual turnover over NOK 50,000 must register for Value Added Tax (VAT). This registration requires maintaining detailed records of all sales and purchases, as well as submitting regular VAT returns. For more detailed information, visit the official Norwegian Tax Administration website.
5. Register with the Norwegian Labour and Welfare Administration (NAV) for employee management
   If you're planning to hire employees, you must register with NAV. This government agency oversees employee salaries, social security contributions, and other employment-related matters.
6. Ensure compliance with relevant industry regulations and standards
   Depending on your business type, you'll need to comply with specific industry regulations and standards. Research these thoroughly to ensure your company operates legally.