Start a Software Company in Norway
Start a Software Company in NorwayUpdated on Tuesday 10th April 2018
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The software sector in Norway is included in a larger economic sector – the information and communication technology (ICT) industry. The ICT sector in Norway is a rapidly growing industry, which is comprised of numerous types of activities. Businesses operating in Norway provide a wide range of services, from system integrators companies, IT consultancy services, telecommunications, internet and media or data operations. Our team of lawyers in Norway can offer legal assistance on the registration of a software business in this country, but investors may also receive advice on the business permits that are imposed to these types of companies.
Characteristics of the Norwegian ITC companies
Those who are considering starting a software business in Norway are advised to study the characteristics of the market prior to operating here, as this could increase the value of their company. For example, it is important to know that most of the businessess operating in the ICT sector are set up as small and medium sized companies, based on knowledge intensive operations.
At the same time, the Norwegian market is also characterized by large companies, operating in sub-sectors such as:
• telecommunication industry;
• satellite communication sector.
Tech sector in Norway
Norway is seen as a competitive market and a study conducted on the activity of ICT companies operating in Europe, the Middle East and Africa revealed that this country provides one of the best environments for the development of such activities.
The study showed that one in ten top technology companies operating in these regions are set up in Norway, as 50 of the 500 fast growing businesses are registered in this country. This represented an important achievement for Norway, as it was positioned as the third most competitive country in Europe. Our team of Norwegian lawyers can advise on the incentives available for companies operating in this industry.
Investors should also know that software companies are very well represented in the insurance sector, as they create cloud insurance services available for a wide category of businesses operating on the insurance market.
Businessmen are invited to contact our law firm in Norway for in-depth assistance on the registration of a software business.