VARJAG - YOUR PARTNER IN NORWAY
Our firm Advokatfirma Varjag AS provide the following services:
- Same day delivery of Norwegian joint stock companies (aksjeselskap / AS).
- Incorporation of Norwegian joint stock companies (aksjeselskap / AS).
- Same day delivery of UK limited companies including a registered Norwegian branch.
- Incorporation of UK limited companies, including registration of a Norwegian branch.
- Company secretary services in accordance with the UK Companies Act.
- Registration of a Norwegian branch of an existing foreign limited company.
Go to order forms
- Legal advice on Norwegian business law, tax and VAT issues and employment law.
Our aim is to deliver prompt, efficient and high quality services, to be responsive to the clients needs, to work on tight deadlines, and to be cost-effective.
Please give us a call or send us an email outlining your needs.
We will find a solution and give you an offer with a price quote.
Our offices are located 15 minutes by train from the centre of Oslo.
Varjag
Mail: P.O. Box 138, NO 1300 Sandvika, Norway
Office location: Veritasveien 24, Høvik
email: post@varjag.no
Tel Lawfirm.: +47 67 52 25 00
Fax: +47 67 52 25 01
COMPANY REGISTRATION IN NORWAY
General information about starting business activities in Norway.
There are two main alternatives with regard to company registration in Norway:
1. Norwegian limited company (aksjeselskap – AS)
Capital requirement: Minimum NOK 30 000.
Varjag provides:
a. Incorporation NOK 3000+vat(25%) + registration fee NOK 6 940.
Application for D-number (if necessary) will be charged NOK 2 000+vat(25%).
In addition a bank account must be opened in the name of the company with a balance of NOK 30 000 in share capital.
b. Same day delivery: NOK 25 000. Application for D-number (if necessary) will be charged NOK 2 000+vat(25%).
In addition namechange registration fee NOK 2 668.
No share capital to be paid in addition.
Order AS
2. UK private limited company with Norwegian branch (NUF)
Capital requirement: NOK 1. No audit requirements.
Varjag provides:
a. Normal registration: NOK 3 000 + public fees NOK 3 205 + VAT if the buyer is located in Norway.
b. Same day delivery: NOK 8 900 including Norwegian VAT. In addition NOK 2668 in public fees.
Order LTD/NUF
Comparison: AS - NUF
Norwegian limited company (AS) and branch of foreign company (NUF)
In order to register a Norwegian limited company (aksjeselskap - AS) the paid up share capital must be minimum NOK 30 000.
The EU court decided in 1999 that an EU country may not reject registration of a branch of a company registered in an other EU country.
Many Norwegians have chosen to register a limited company in a country outside Norway where the registration requirements are less strict than in Norway. UK is the generally preferred location for the following reasons:
- Paid up share capital may be set at £1 or NOK 1.
- No audit requirements for a company with annual turnover less than £1 mill.
- UK is an EU member, and Norway which is associated with EU through the EEA agreement, is obliged to adhere to EU law.
A company registered in a country outside Norway may register a branch in Norway. A Norwegian registered branch of a foreign company (termed NUF in Norwegian) may engage in most business activities on the same footing as the normal Norwegian limited company. There is no separate capital requirement when registering a branch of a foreign company. The branch is not required to have an auditor if the branch annual turnover is less than NOK 5 mill.
In other words: By organising his company as a NUF the businessman may run his business in Norway without having to pay the annual auditor bill. There are noe minimum capital requirements. The paid up share capital may be set at an amount which the businessman deems to be suitable for his business.
Taxes
If all business activities are located in Norway, the NUF's tax obligations are the same as the obligations of a Norwegain limited company (AS). If there are business activities in UK, the company must of course file tax return to the UK tax authority. An UK accountant should then be appointed to take care of this.
