If your company is planning to engage in commercial activities in Norway—whether through individual assignments or on a more permanent basis—it’s essential to obtain a Norwegian organization number. This number is crucial for legal compliance and operational legitimacy in the country. Arctic Accounting & Advisory can guide you through the process for better outcomes. Let’s delve deeper to understand each point:-
Navigate the Company Structure in Norway:-
Establishing a company in Norway involves creating a formal legal entity that complies with specific regulations. This process not only enhances your credibility in the market but also provides essential protections for owners. A registered company must have a local business address and establish a board of directors. It can also choose to appoint a Managing Director, though this is optional. Understanding these requirements is crucial for successful operations and growth in the Norwegian business landscape, ensuring effective governance and accountability.
Employment Solutions: Consulting in Norway
When given the chance to work in Norway, it’s essential to assess various factors before embarking on your project. Many businesses focus on potential earnings or contract retention rates, while companies prioritize compliance and the onboarding process. At Arctic Accounting & Advisory, we aim to bridge this gap by providing clarity and assurance to both parties, ensuring a seamless experience from start to finish.
Navigating VAT compliance in Norway can be complex, especially for foreign companies. When selling VAT-liable products in Norway, registration for VAT is mandatory. With over a decade of experience, our team is here to guide your business through every step, from setup to ongoing support.
Arctic Accounting & Advisory is a leading consulting firm in Norway that will help you to achieve your goals. Its consulting focus and core competencies lie in the areas of tax consultation and compliance. Accounting in Norway is a complex area that your local consultant can guide you through.
When do you need an accountant?
If you plan to have a permanent establishment in Norway, your company will be liable for company taxation and must file a tax declaration and annual accounts. It is crucial to get assistance from a local provider of accounting and bookkeeping services to create and file these reports.
When do you have to file accounting reports?
Accounting reports to the authorities are filed regularly, and the most crucial ones to keep in mind are these:
- Annual shareholder update – once a year before the 31st of January
- VAT returns – bimonthly, starting 10th of February for Nov/Dec last year
- Annual tax declaration – once a year before the 31st of May
- Annual accounts – once a year before the 31st of July
Using Arctic Accounting & Advisory to assist your company with filing and communicating with the Norwegian Tax Authorities, enables you to be compliant and ensures your focus will be on operating your business in Norway, not doing paperwork.
Streamlined Payroll Solutions in Norway
At Arctic Accounting & Advisory, our payroll consultants bring extensive experience in delivering tailored solutions for our clients. We specialize in managing payroll for international companies operating in Norway, ensuring compliance and efficiency. If you’re looking for comprehensive payroll services, feel free to reach out for a complimentary consultation to discuss your specific needs.
Payroll in Norway: Your Essential Questions Answered:-
Are you planning to run payroll for your employees in Norway? This is the crucial first step in establishing your business presence here. Your approach will largely depend on your company’s structure and any applicable tax treaties between Norway and your home country. We’re here to guide you through the complexities and ensure you’re on the right path.
Registering Employees
If you plan to employ foreign workers in Norway, they must be registered locally. Additionally, employers in Norway must obtain an HSE/(HMS)-card for employees working in specific sectors, including construction, building maintenance, installation, cleaning, and car care services. This card serves to identify the employee and their company, confirming registration in essential public records. To apply for this card:
- Your company must have a Norwegian organization number.
- Employees need to be registered in Norway.
- Your company must also be VAT-registered in Norway.
Corporate Services by Arctic Accounting & Advisory
At Arctic Accounting & Advisory, we specialize in guiding businesses through the intricacies of establishment and ongoing corporate services. Whether you’re starting a new venture or expanding an existing one, we provide comprehensive support tailored to your needs. For foreign companies, the most popular options are the Limited Liability Company (Aksjeselskap) and the Branch Office (NUF). We help you choose the structure that best suits your business objectives.
Corporate Secretarial Services:-
Managing administrative responsibilities can be overwhelming. Arctic Accounting & Advisory offers customized corporate secretarial service packages designed to alleviate your administrative burdens. We ensure compliance with all statutory requirements, including the submission of mandatory annual reports such as the shareholder register report, annual tax return, and annual accounts. Our virtual office and domiciliation services guarantee that your incoming mail is handled promptly and efficiently. All our services are carried out in-house, ensuring consistency and quality.
Directorship Services
Navigating the corporate landscape requires experienced guidance. Arctic Accounting & Advisory provides qualified personnel who can serve as directors, helping you maintain effective board administration and fulfill your obligations to regulatory authorities. Our team brings expertise and reliability to your company’s governance, allowing you to focus on your core business activities.
Comprehensive List of Corporate Services
- Company Formation: Assistance with establishing your business entity tailored to your needs.
- Virtual Office: Professional business address and communication management without the overhead costs.
- Corporate Secretarial Services: Comprehensive support for compliance and administration.
- Domiciliation Services: Utilize our business address for official correspondence and post-forwarding.
- Directorship Services: Experienced professionals to support your board and governance needs.
At Arctic Accounting & Advisory, we are committed to providing high-quality corporate services that empower your business to thrive. Let us be your trusted partner in achieving your corporate goals.
Are you wondering how to expand your business into Norway without the cost and commitment of a physical office? Our Virtual Office Service offers the perfect solution. Imagine having a reliable Oslo business address, handling all your important mail seamlessly, and accessing key documents digitally—while you focus on growing your business. Whether you’re a startup aiming to make a mark or an established company seeking to streamline operations in Norway, we’ve got you covered.
A Renowned Business Address in Oslo
First impressions matter, especially in business. With our Virtual Office Service, you can establish your company at the Oslo address—no need to lease an office or worry about daily maintenance. This address becomes your official business location, perfect for use on your website, business cards, and professional correspondence. A top-tier location not only enhances your credibility but also shows your clients that you’re serious about your business.
What could this do for you?
- Attract Norwegian and international clients with a professional presence.
- Boost your brand image with a trusted, well-known address in the capital.
- Stay competitive in a growing market, all while keeping costs low.