- Ultra-fast company transfer
- All clear - fixed cost - no surprises
- Easy - just pick the company and tell us when you coming
- Good relationship with most important banks.
- Unlimited bank accounts - no caps/no limits
- Foreign bank accounts
- physical office arrangement/ staff recruitment & accounting
- tax inspection handling / EORI & GIOS
- WDL Trading / Energy / Electricity / Natural gas trading licenses
The Kingdom of Norway is a European country that is located in the Scandinavian Peninsula. Although it has a population of approximately 5.3 million, in terms of development and economy it is one of the most advanced countries in the world. Norway has two offshore dependencies: Svalbard and Jan Mayen.
Norway is a member of European Economic Area but decided not to join the EU. The state’s official currency is krone (NOK). The official languages are Norwegian (which has two variants: bokmål and nynorsk) and Sami (the language of the indigenous people living in the territory of Norway).
Norwegian companies need to register with the Brønnøysund Register Centre (Brønnøysundregistrene). The most common business structures are sole proprietorship, private limited company (AS) and general partnership (ANS/DA). Of course, foreign companies may operate in Norway through branches (NUF). The most important piece of regulation for business is Companies Act.
Private limited companies are the most investor-friendly. The minimum share capital of an AS is 30,000 NOK (approximately 3,000 EUR). The owners’ liability is limited to the amount of their contribution. Businesses are under obligation to keep accounting documents and submit annual returns to the Register of Company Accounts. Audit obligation applies to companies with turnover over 6 million NOK a year. Smaller entities may choose to opt out.
Shareholders must hold a general assembly once a year to approve of the financial statements. The Board of Directors is appointed by the general assembly and is chaired by the General Manager. At least half of the Board members need to reside in EEA. The Board may also consist of a single member.
Corporate income tax in Norway is 22%. However, entities operating in the financial sector pay an increased, 25% tax. The tax is levied on worldwide income. Special provisions apply to the oil and hydro-electric industry. Companies receiving dividends from entities outside EEA are almost fully exempt from the dividend tax provided the Norwegian company has been in possession of at least 10% of shares in the non-EEA company for two years or longer. Exit tax provisions exist. Losses may be carried forward indefinitely.
Norway is an advanced economy and a country with one of the highest human development index and ease of doing business. It is known as the holder of the world’s biggest sovereign wealth fund. The most important industry is the petroleum sector, due to oil reserves in the North Sea. Crude oil and petroleum products constitute over 50% of the country’s exports.
Politically, Norway is a constitutional monarchy. The current head of state is King Harald V. The monarch’s powers are mostly symbolic. The Prime Minister is the head of the Council of State (Statsrådet), the state’s main executive body. The Norwegian parliament (Storting) consists of one chamber whose members are elected every four years.
In Norway there are over 130 banks. The financial sector and its members are supervised by Financial Supervisory Authority of Norway (Finanstilsynet). The biggest bank is DNB which has a 30% market share. Other big entities in the banking sector include Nordea Bank Norge, Handelsbanken Norge and Sparebank. Norway is a member of SEPA.
All companies are equal before the law.
A good formation agent is what makes a difference.
ShelfCompanies24.com is one of the leading providers of ready made companies and special purpose vehicles (SPVs) as well as other investment structures delivering outstanding service at very reasonable prices and at highest speed. We have setup and sold hundreds of companies. Our company is considered trustworthy and reliable by our clients as well as by many professional law firms and tax advisers.
What is very unique in our style of operation is the fact that we have our ready made companies already registered in many various countries. All other providers have one address where they keep their shelf companies registered so that client wishing to buy more than one company with different address cannot be satisfied.
Many competitors may be offering lower prices however this always is at the expense of service and provided company quality. Our core activity is company formation and sale of ready made companies thus all members of our team have appropriate professional background. Our shelf companies are formed in accordance to all relevant laws and procedures by the team of qualified and experience professionals and lawyers. On the other hand the maintenance of our ready made companies is performed by licensed and proficient accountants and tax advisers. Therefore our clients can be sure that a shelf company they buy from us is clean, with no debts or tax issues, is formed professionally and its Articles of Association are of high quality.
Our main clients are private investors, traders, law, audit, accountancy and tax advisory firms as well as banks and investment funds. Throughout the years of activity Shelfcompanies24 has been enjoying the reputation of the fastest and most responsive shelf company provider.
Our ready made companies have been formed and maintained by our team. Therefore we always guarantee their quality and that they are debt free, with no trading history and consequently riskless to build new ventures on.
Our services do not finish on the sale of shelf companies or company formation. We provide also many other related and necessary services so that we can be treated as a one stop shop in a business setup in many countries. We are also experts in tailor made company formation as well as compliance and registering various changes within the company like director appointments and dismissals, company name change, share capital increase or decrease, company address change and many other issues.
We also provide tax and legal advisory services that are inevitably required by the businesses. We cooperate with many reputable tax and legal advisory firms whose services we can also recommend when the nature of the problem requires certain field specialist engagement.
For those clients who have a need to present their companies documents in foreign countries we provide apostille and translation services. After company sale documents can simply stay with us for the purpose of their apostille or legalisation and sworn translation to any desired language. This service is mainly required when there is a need to open a foreign bank account for a shelf company.
Furthermore we have agreements with many different accounting offices so that we are able to offer a wide choice of the particular accountant that will be dealing with client’s company. Also in case two or more of our clients are trading partners we can ensure that their books will be handled by separate and independent accountants.
Ultimately we can also support with a procedure of liquidation/bankruptcy of a company if a client wishes to withdraw their business presence. In this case we can either manage the process of liquidation or bankruptcy on client’s behalf or simply just dispose the assets and takeover the company so that the clients can enjoy fast exit.
The company delivered a ready-to-go business, with VAT and EU VAT registration. Paperwork and the whole re-registration process was handled efficiently. I recommend this to anyone looking for a no-hassle company acquisition.
Company name of your choice? Check. Accounting services? Check. Help with tax authorities? Check. Finding a translator? Check. What can I say, these people are great and can help you with just anything.
We needed to start building our presence in Poland fast, and a ready-made company seemed like the best option. We got presented with several location choices, picked the company name, signed some paperwork and were good to go. We got a company that was VAT-registered, with multiple bank accounts, just as we wanted.
Thank you for all the help. Your after-sale support is what sets you apart from the competition. It was important for me to get comprehensive company services at one place, with accounting, banking, tax issues handled for me, etc. I got everything I needed.
I really recommend this website if you are looking for a shelf company in Poland. The companies are already registered, with no history and all documentation in place. This is really a great solution if you want to start your business ASAP. And the range of available post-sale services is just amazing.
Thank you for your support! Your advice was invaluable. Polish tax and legal provisions can really be a pain in the neck, but with your help I am able to get going.
Not only did we need a new company, but also someone to take care of our accounting and compliance. Now, we must say ShelfCompanies24 helped us to transition smoothly into the Polish market. Good work, guys!
The company indeed delivers what it promises. I was able to start business in less than no time, with all the formalities taken care of by a super nice team of people. This is a good stop if you want a ready-made company operating in Poland.
Adrianna has completed a master degree in law at European School of Law and Administration. At ShelfCompanies24.com Adrianna is responsible of customer service, logistics as well as relationships with the banks.