World Watch/Norway/Starting a Business

Starting a Business · Norway

Starting a business in Norway: foreigner's guide (2026)

ModerateNorwegian Private Limited Liability Companies Act (Aksjeloven); company registration via the Brønnøysund Register Centre (Register of Business Enterprises / Foretaksregisteret) and the Altinn portal; residence/work permits administered by UDI for non-EU/EEA nationals.Country index 70 · B

Norway shaded by its starting a business status

Norway places no restrictions on foreign ownership — a foreigner may own 100% of a Norwegian private limited company (AS), and formation is fast and largely digital with a low NOK 30,000 minimum share capital. The main frictions for non-EU/EEA founders are a residence permit to actually work in the business and a rule that at least half the board and any general manager must reside in the EEA, the UK, or Switzerland. EU/EEA nationals face an easy, near-frictionless process; non-EEA nationals face additional immigration steps, making the overall picture moderate.

Key points

Foreign ownership — no cap

Foreigners can register and fully own a Norwegian company (AS); there are no general foreign-ownership limits beyond board/management residency rules.

Minimum share capital

An AS requires at least NOK 30,000 in share capital, which must be deposited and confirmed by a bank (or auditor) before registration is completed.

Board / manager residency

At least 50% of board members, and the general manager if one is appointed, must reside in an EEA state, the UK/Northern Ireland, or Switzerland. The prior nationality requirement was repealed.

Official setup steps

Found the company (sign memorandum/articles of association) → obtain a Norwegian D-number/ID for foreign founders → deposit share capital and get bank confirmation → register in the Register of Business Enterprises via Altinn within 3 months of founding; a Norwegian business address is required.

Registration fee & timeline

Online registration through Altinn costs NOK 6,825; digital registration is processed quickly (typically days to a couple of weeks), and notification must reach the register within three months of founding.

Non-EU/EEA residence permit

Non-EU/EEA founders may register a company but cannot actively work in it without a residence permit allowing self-employment (UDI), which generally requires skilled-worker qualifications and takes roughly 1–4 months to process.

Timeline - major decisions & events

Jul 31, 2025enforcementofficial
UBO Registration Compliance Deadline for All Existing Companies

All Norwegian legal entities were required to have registered their ultimate beneficial owners (UBOs) in the national register by 31 July 2025, completing the ten-month compliance window that opened when the registry launched on 1 October 2024. New companies must file within 14 days of formation, adding a mandatory transparency step to the business-start process.

Brønnøysund Register Centre
Oct 1, 2024enforcementofficial
Register of Beneficial Owners (UBO) Opens; Mandatory Filings Begin

The Act on Register of Beneficial Owners (2019) entered fully into force, requiring every company registered or operating in Norway to disclose who ultimately controls it. The register is run by the Brønnøysund Register Centre and submissions are made through Altinn, implementing the EU Fourth Anti-Money Laundering Directive.

Altinn / Brønnøysund Register Centre
Jan 1, 2024lawofficial
Gender-balance board rules extended to private limited companies (AS) — phased 2024–2028

New Aksjeloven §6-11a mandated gender balance on AS boards in a phased rollout (companies with revenues above NOK 100 million by December 2024, those with 30+ employees by June 2028); non-compliant companies face rejected Brreg filings, making board diversity a condition of lawful registration.

Brønnøysund Register Centre (Brreg)
Jun 19, 2020decisionofficial
Altinn 3 Cloud Platform Launched

Digdir and the Brønnøysund Register Centre deployed the first production release of Altinn 3, a modern cloud-native successor that lets agencies offer digital services as containerised applications. Used by nearly 100% of Norwegian businesses, the upgrade secured the long-term infrastructure underpinning all digital company registrations and filings.

Altinn Studio (Digdir)
Mar 1, 2019lawofficial
Act on Register of Beneficial Owners Enacted by Stortinget

Stortinget passed Lov nr. 2/2019 (Lov om register over reelle rettighetshavere), transposing the EU's beneficial-ownership transparency requirements into Norwegian law. The act imposes an ongoing compliance obligation on all newly formed and existing companies to identify and register their true owners.

Lovdata (Norwegian Official Legal Portal)
Jan 1, 2012lawofficial
Minimum Share Capital for Private Limited Companies Cut to NOK 30,000

A December 2011 Stortinget amendment (Lov 2011-12-16 nr. 63) took effect, reducing the minimum share capital for an AS from NOK 100,000 to NOK 30,000. The same reform abolished the mandatory statutory audit for small companies and reduced minimum board-size requirements, substantially lowering the cost and complexity of incorporation.

Lovdata (Norwegian Official Legal Portal)
Dec 4, 2003decisionofficial
Altinn Digital Portal Launched, Digitising Business Registration and Reporting

Norway launched Altinn on 4 December 2003, initially to digitise the most common reporting forms for the Tax Administration, Statistics Norway, and the Brønnøysund Register Centre. Altinn became the single digital gateway for company formation, regulatory filings, and government correspondence, saving Norwegian businesses an estimated NOK 15 billion per year.

Altinn (Digdir / Brønnøysund Register Centre)
Jan 1, 2001decisionofficial
Brønnøysund Register Centre transferred to Ministry of Trade and Industry

Moving Brreg from the Ministry of Justice to the Ministry of Trade and Industry positioned Norway's central business registry explicitly as an economic-policy instrument, aligning business formation administration with industrial and entrepreneurship strategy.

Brønnøysund Register Centre — Our History
Jun 13, 1997lawofficial
Modern Private Limited Companies Act (Aksjeloven) Enacted

Stortinget enacted Aksjeloven (Lov nr. 44/1997), establishing the comprehensive modern legal framework for the private limited company (AS), the dominant vehicle for new business formation in Norway. The Act codified share-capital rules, board composition, shareholder rights, and creditor-protection provisions that remain the structural foundation of company formation today.

Lovdata (Norwegian Official Legal Portal)
Jan 1, 1995lawofficial
Central Coordinating Register for Legal Entities (Enhetsregisteret) established; unique organisation numbers introduced

The Enhetsregisterloven created a single organisation number assigned to every legal entity in Norway, replacing fragmented multi-agency identifiers; the number became the mandatory first step in any business registration and the interoperability key across all public registries.

Brønnøysund Register Centre — Central Coordinating Register
Jan 1, 1994lawofficial
EEA Agreement Enters into Force; Business Law Aligned with EU Single Market

The Agreement on the European Economic Area entered into force, integrating Norway into the EU single market. Membership required Norwegian company and registration law to align with EU Company Law Directives, granted EEA nationals equal rights to establish businesses in Norway, and gave Norwegian-registered companies access to the broader European market from day one.

EFTA
Jan 1, 1988decisionofficial
Brønnøysund Register Centre Opens; Business Register Centralised Nationally

The Foretaksregisteret (Register of Business Enterprises) began operations at the newly established Brønnøysund Register Centre, consolidating the functions of more than 100 local trade registers into a single national computerised system. Every company incorporated in Norway must register here and receives a unique organisation number, providing legal protection and public transparency.

Brønnøysund Register Centre
Jun 21, 1985lawofficial
Register of Business Enterprises Act (Foretaksregisterloven) Enacted

Stortinget enacted the Foretaksregisterloven (Lov nr. 78/1985), creating the statutory foundation for a centralised national business register to replace fragmented local registers. The Act defined mandatory registration obligations, the legal-notice effects of registration, and enforcement mechanisms that continue to govern business formation in Norway today.

Lovdata (Norwegian Official Legal Portal)

Norway - other topics

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