Articles of Association in Norway
Articles of Association in NorwayUpdated on Thursday 02nd November 2017
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When a new company is established in Norway, one of the key steps of the formation process is the elaboration of the articles of association. These are the documents in which the structure of the company is established as well as the inner rules and functioning regulations of the establishment. Our law firm in Norway provides consulting services to clients who intend to open a company in this country and who need assistance with the elaboration of the articles of association.
Main elements contained in the articles of association in Norway
Since the articles of association are a must for any company in Norway you need to have a clear picture of their importance for your business. First, these documents must contain voting rules for the board of the company and authorization criteria for directors as well as employees.
The articles of association of a Norwegian company contain as well basic information concerning the name of the enterprise and its register place. In the first paragraphs, usually you should as well include the principal objective of the company followed by a list of secondary domains in which the business is going to be involved. The capital of the enterprise is another information which must be stated within the statutory documents.
Our attorneys in Norway can help you structure the articles of association for your company so that you comply with the legal requirements in this country.
Legal framework concerning the articles of association in Norway
In the elaboration of the articles of association companies employ legal assistance precisely because this document must comply with the particularities of the local legislation. One of our Norwegian lawyers can assist you in the elaboration of the statutory documents for your company by following the provisions of the Companies Act in Norway.
The articles of association should specify as well any limitations and rules concerning shares distribution and shareholders’ rights. Foreign investors as well as local ones are invited to contact our law firm in Norway and discuss in detail about the elaboration of the statutory documents and the information which must be contained in the articles of association of their business.