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It is important to setup the right type of business legal structure for trading in Norway. This structure needs to meet both your current as well as future trading requirements.

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Norway is a safe and easy country for doing business.  The two most common types of businesses are “enkeltpersonforetak” and “aksjeselskap”.

Which business setup?

An enkeltpersonforetak is also known in Norwegian as ENK. It is typically used by a self-employed person or where one is trading as a sole proprietorship. In this business type, a physical person is financially responsible for all the business’s liabilities and obligations. The main advantage of this business type is that there is a lower administrative burden to set it up this structure along with maintaining it.

An aksjeselskap is also known in Norwegian as AS. This business type is a publicly limited company, in which none of the owners (or shareholders) have any personal liability for the business’s liabilities. In other words, the business is a separate independent legal entity. Anyone in the world can set up this type of business in Norway, however there are different setup and ongoing requirements for a Norwegian resident or citizen compared with that of foreign resident.

Why choose us

From the first day, you will get all necessary support to help get your business set up and commence trading.

We will evaluate your business and propose the preferred structure.

We can support multiple organisation types such as ENK, AS, and more.


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How it works

Starting a new business as either a Norwegian resident/citizen or a foreigner can be challenging. At TECLA, we can provide expert assistance to get your business ready for trading. Below is a summary of our process.

1
Understand current and future business objectives
2
Provide advice on business structure
3
Complete business structure setup documentation
4
Complete bank account setup
5
Setup portal logins to ensure government reporting requirements can be met
6
Commence trading

Are you interested in

service?

Still got questions about how our process works? Want to know what type of company best suits your needs? Contact us now and get answers from our trusted representative!

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Have questions?

Didn’t find the answers you searched for? Get in touch with our representative!

Lars Herman Lindkjølen

Business Founder / Partner

+47 92 20 33 00

LH@tecla.no

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