This document provides information about setting up and running a business in Norway. It discusses registering the company, income taxes, VAT, accounting procedures, employing staff, and closing a company. The key topics covered are registering the business, obtaining necessary documents and codes, accounting for income tax and VAT, hiring employees, and the process for closing the company.

2. Registering the Company ................................................................. 3
Registration in Norway ..................................................................... 3
Supporting documents ....................................................................... 4
Income taxes .................................................................................................... 4
VAT .................................................................................................................... 5
Welcome,
You founded your company in Norway,
and therefore you get this booklet.
It includes basic information about the legal
and tax aspects of the functioning of your business.
We encourage you to read!
Accounting ......................................................................................................... 5
Invoicing ............................................................................................... 5
Accounting for VAT ............................................................................ 6
Accounting for income taxes ............................................................ 7
Employees ......................................................................................................... 7
Employment of an Employee ............................................................ 7
The cost of hiring an employee ....................................................... 8
Closure of the Company................................................................................. 9
Practical Information .................................................................................... 10
Quali
Skjærvaveien 18
2010 Strømmen
+47 967 58 717
contact@quali.no
www.quali.no
Quali
Skjærvaveien 18
2010 Strømmen
+47 967 58 717
contact@quali.no
www.quali.no
TABLE OF CONTENTS
General information about setting up a business ..................................... 3

3.  Open the corporate bank account (bedriftskonto). To do this, go to the
bank with proof of registration of the company, a valid passport and
written confirmation of the Norwegian personal number
 Complete an application for a tax card. On the basis of this document
office will calculate the withholding tax.
MELD
The advance is paid in four installments (usually: 15 March, 15 June,
September 15 and November 15). Tax Office will send the invoice respectively,
prior to the date of payment obligations.If the company has paid
an advance of a too little amount - the office will calculate the amount of aid.
In the opposite situation, the excess tax will be returned with interest.
For more information on the tax in Norway can be found at <http://www.quali.no>.
The obligation to meld with the tax office concerns everybody who is planning to
stay in Norway for more than 6 months. You will need three documents:
Registreringsbevis received from the police, passport or ID card and document
stating that the company was founded. Sometimes authority may also ask for a
contract for the next half a year to make sure that you are in Norway during this
period. Written confirmation of registration will be sent by mail. Meld in Norway is
also the act of giving a permanent registration number (Identity number).
***
Shall register VAT (Norwegian MVA - Merverdiavgift) is created when the turnover
of the company exceeds the amount of NOK 50 000 for 12 months.
In Norway, there are three VAT rates:
SUPPORTING DOCUMENTS
 ID-KORT. If you opened a business in regulated by Labour Inspectorate
industry regulations <http://www.arbeidstilsynet.no/> will need
sophistication industry crad. This can be done on the
<(Https://www.norsik.no/byggekort/>.
Need scanned: photos (such as for the ID), a passport and a signature
pattern.
Note: To set up an account on the portal norsik.no you need you need the
pernament identity number.
 Codes MinID or Engangskoder. Full electronic service of a company in
Norway requires the use of a web portal <https://www.altinn.no/no/>.
You can order the MinID codes on <www.altinn.no>.
Quali
Skjærvaveien 18
2010 Strømmen
+47 967 58 717
contact@quali.no
www.quali.no
 25 per cent. (Basic)
 15 percent. (Reduced)
 8 per cent. (Low)
VAT registration is done through the portal <altinn.no> or by using the form
Coordinated Register Notification Del 2
(Available at <http://www.brreg.no/>).
More details are given later in this booklet.
Quali
Skjærvaveien 18
2010 Strømmen
+47 967 58 717
contact@quali.no
www.quali.no
VAT TAX
GENERAL INFORMATION ON SETTING UP A BUSINESS
Your company has been registered in Norway. Note that you need now:
Income tax for Norwegian companies is 28 percent.
Every business, which is established in Norway is obliged to make payment of
income tax in advance (forskuddsskatt). It is calculated based on earnings forecasts
declared by the trader.
INCOME TAX
REGISTERING THE COMPANY

4. BOOKKEEPING
In accordance with Norwegian law, properly invoiced should contain the following
information:
 Data of the sellers, such as company name, address and organization
number.
 If the seller is a VAT payer, the organization number should be completed
in capital letters MVA.
 Data of buyer, ie the name of the company or an individual and address.
 Invoice Number. It is important that the invoice numbers are assigned
sequentially and chronologically.
 The date of the invoice.
 The date of payment of the invoice.
 Account No. of the seller.
 Description of goods sold and / or the service provided.
 The price of goods or services (if the seller is liable for VAT, the invoice
should include three amounts: net, VAT and gross).
In addition, you can also put your company logo, phone number, website address,
email address, customer number or reference number KID
(kundeidentifikasjonsnummer - the identification number of the payment made by
the customer) on the invoice.
Months
January – February
March - April
Deadline for submission
April 10th
June 10th
3
4
5
6
May – June
July – August
September – October
November - December
August 30th
October 10th
December 10th
February 10th next year
NOTE! If planned company's revenue in the fiscal year shall not exceed 1 000 000 NOK,
………….you can then apply for the submission of annual return of VAT.
Tax reconciliation is essentially a sum of the tax due and accrued. The obtained
results will in dicate the amount of the surcharge or refund.
ACCOUNTING FOR INCOME TAXES
Income taxes are accounted for each year. In the March - April each year,
the tax office sends a document called Selvangivelse. This is a pre-filled tax return
that includes basic information about the taxpayer's income, the condition of
his bank account, owned properties, etc.. Businesses receive a document called
Selvangivelse næringsdrivende (Income tax return for the business).
ACCOUNTING FOR VAT
The annual income tax return takes different forms depending on the form of the
business. Other types of documents must contain a public limited company, and other
one-man business.
VAT is accounted in the form of declarations every two months, on paper or on-line
via the portal <altinn.no>.
The main goal of the annual tax return is a detailed demonstration of the structure
company revenues and expenses during the fiscal year.
Deadline for submission of declarations are published on the HM Revenue
<http://www.skatteetaten.no/Skattekalender/naringsdrivende/>.
On the basis of the documents received, the office will calculate the amount of tax
due income. The trader will then receive a document called Skatteoppgjør by mail, it
contains information about the calculation of the office and any amount of subsidies or
tax refund. This document is sent in different periods, no later than October 17 of the
following year. If the trader decides that the calculation is incorrect, you can submit a
written appeal against the decision of the office.
They are also deadlines for payment obligations. The table shows the close date for
submission of VAT returns.
Quali
Skjærvaveien 18
2010 Strømmen
+47 967 58 717
contact@quali.no
www.quali.no
Quali
Skjærvaveien 18
2010 Strømmen
+47 967 58 717
contact@quali.no
www.quali.no
BOOKKEEPING
Period
1
2
INVOICING

5. STAFF
Running companies in Norway must meet some very important rules. Here are some
of them:
Employment of an employee requires the enter in the register of employers
(NAV AA Register).
In addition, each employee should have a contract of employment in
accordance with Norwegian law. Patterns of employment contracts can be
found at <http://www.arbeidstilsynet.no/>. Each employee should receive
a personal ID (permanent or temporary) and a tax card.
CLOSURE OF THE COMPANY
For companies with regulated industries, the minimum wage also applies. Salary
payments should only be made electronically.
 When purchasing goods or services FOR THE COMPANY ALWAYS pay
with a company credit card(bedriftskort). The limit of cash purchases of the
company is NOK 10 000 per year. Cash payments in excess of this amount
may be included in the accounting records.
 On each invoice or bill of more than NOK 1 000 is required to be included
in the printed destination of the goods or services. If there is no such
information - the cost cannot be entered into the accounting records.
 Accounting records must be kept for a period of 10 years.
THE COST OF HIRING AN EMPLOYEE
The costs of hiring the employee can be divided into fixed and variable amounts.
Fixed costs relate primarily to how much you should spend a month per employee.
Variable costs are expenses periodically, which are at various stages of the process
of cooperation.
It is generally accepted that each of gross salary does not include approximately
31.3% of the costs.
For more information, please visit: <http://www.quali.no>.
Thanks for your time to read this booklet. If you want more information please watch video information about the company in Norway at:
http://www.quali.no
***
To close a company in Norway you need to complete a paper application form
available at <http://www.brreg.no/blanketter/sletting.html> or electronic version
available on the <www.altinn.no>.
Closing the company is not synonymous with the absence of the obligation
to submit an annual tax return.
Want our experts to keep your company's booking?
If the company does not have any liability to the tax office, the closing occurs
within 1 to 2 weeks.
Quali
Skjærvaveien 18
2010 Strømmen
+47 967 58 717
contact@quali.no
www.quali.no
Feel free to contact us
Quali
Skjærvaveien 18
2010 Strømmen
+47 967 58 717
contact@quali.no
www.quali.no
PRACTICAL INFORMATIONS
EMPLOYMENT OF AN EMPLOYEE