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NoNorway Subsidiary.








Country Capital



Norwegian krone (NOK)

Before you can hire employees or set up payroll in Norway, you’ll need to establish an entity or find a subsidiary alternative such as an employer of record. Every country differs on the time and resources needed to set up a subsidiary, but it can take up to a few months when handling the process on your own.

How to establish a Norway subsidiary

Choosing to establish a Norway subsidiary is not a decision you should take lightly. You’ll need to consider various factors, such as the business environment, location, and language. The type of industry and existing business relationships also play an important role in whether you should open a subsidiary in Norway.

Different regions and cities often have their own rules, costs, and microcultures. If you do not know the Norway area well enough, it’s best to work with a global growth expert that can help you determine the best location for your company. Around 95% of people in Norway speak Norwegian, although English is very common as a second language.

The most common Norway subsidiary structure is a private limited liability company known as an Aksjeselskap (AS). The Norway subsidiary setup process for an AS is as follows:

  • Prior to incorporation, you’ll need to deposit a startup capital into your bank account, which might be a challenge for a non-existent Norwegian entity that does not have any incorporation documents.
  • Hire a Norway or EU/EEA or UK/Northern-Ireland citizen to serve as a director at your company.
  • Register with the Register of Business Enterprises.
  • File for VAT registration.
  • Arrange mandatory occupational pension plans for employees with a pension agency.
  • Enroll in mandatory workers’ injury insurance.

Norway subsidiary laws

Over the last decade, Norway has made its subsidiary laws less complex. In 2013, the country reduced the minimum capital requirement for private joint stock companies. Norway subsidiary laws then took a big leap in 2016 with the introduction of online government and bank account registration services.

Nonetheless, if you decide to establish a limited liability company, you’ll need a minimum of NOK 30,000 in share capital.

Benefits of establishing a Norway subsidiary

The most significant benefit of a limited liability subsidiary is its ability to operate independently, saving the parent company from any substantial losses or costly litigation. This independent nature also allows you to choose what kind of workplace culture you want to instill, as it can be different from the parent company and tailored to Norway’s customs.

Other important considerations

If you are ready to grow your company in Norway, make sure to examine your options carefully before committing to entity setup. Bear in mind that you’ll also have to dedicate time to learning the country’s subsidiary laws or consult with local experts to ensure your business is compliant. Rather than navigating the process alone or partnering with multiple providers, G-P offers a better option.

Enter new markets with G-P — no new entities required.

Beat the competition and enter new markets in minutes, not months, with G-P. We’ve paired our industry-leading team of in-region HR and legal experts with our #1 Global Growth Platform™ to help you hire compliantly in 180+ countries, eliminating the need to set up local entities or subsidiaries.

Get in touch today to learn more about how we can streamline the global growth process.


THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.

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