The monetary and fiscal policies adopted recently by Norway contribute to the positive changes that its economy registers. The social programs that have been conducted with governmental support have prevented negative effects to take place as a result of globalization. Investors in Norway will benefit of a healthy economic framework if they decide to open a company in this country. Our Norwegian lawyers can offer specialized counseling to foreign nationals who decide to invest in Norway and who need to become familiarized with the local provisions of the legal system.
The largest city in Norway, Oslo is the cultural, governmental and economic center of the country. Foreign investors can find a lot of business opportunities in Oslo in some of its main economic sectors. Three world leading industries – gas and oil, maritime and seafood – are established in Norway. If you want to invest in Oslo you can receive important tax incentives, grants and subsidies from the Norwegian authorities. Opening a company in Oslo is a very easy process and takes around seven days to complete.
With a government financial balance equivalent to 3.0 per cent of GDP, Norway had a very good year in 2016. Now, the Norwegian budget of 2017 focuses on key aspects of a nation's wellbeing: employment and security but it also allocates funds to restructuring and growth. Another 2017 decision which is important for company owners in Norway is the tax reform. Businesses and natural persons are all going to benefit from tax cuts this year. The government had the possibility to adopt a tax shift thanks to a minutely examined fiscal policy.
As all Scandinavian countries, Norway is known as an honest and open state, where businesses are correct, fair and transparent. The same goes for the taxation system where the authorities have always put an accent on transparency, for both natural persons or businessmen. Before we enter into details we remind that our Norwegian lawyers can offer suitable assistance in taxation matter for your company, branch or subsidiary registered in Norway.