2014-04-24 07:34:51 - Singapore-based Healy Consultants proves as a valuable partner for international business looking to set up in Norway. Healy Consultants provides expert solutions optimizing Client costs, now with no requirement for personal travel.
Vestby, Norway – The incorporation procedure in Norway (http://www.healyconsultants.com/europe-incorporation/norway-company-registration/) is transparent and straightforward, with a minimum requirement of one director and one shareholder, but at least one of the directors must be resident of Norway. For private limited liability companies the minimum shared capital is equivalent to US$5,000, while for public limited liability companies, is equivalent to US$170,000. New business cannot be registered unless the full amount of capital is paid. Consequently, entrepreneurs enjoy no bureaucracy “under the table” as Norway has one of the lowest corruption rates in the World, according to Transparency International.
-- About Norwegian Tax regime and incentives --
The Norwegian Government welcomes foreign investments with stable tax policies and a number of business incentives. For both resident
and non-resident companies, corporate income tax is levied at 27%. However, dividends received by resident companies are 97% tax exempt. Dividend payments to EEA countries are fully tax-exempt. Furthermore Norway boasts 85 double tax treaties, which greatly lower withholding tax, otherwise set at 25%. Interest and royalties payments are fully tax exempt. Tax losses can be carried forward indefinitely, but only losses due to liquidation can be carried back for up to two years. Personal taxation is levied at 27%, but several incentive programs help reduce the burden on the taxpayer.
-- About Norway’s economy diversification --
This rich and productive economy is home to some world-class industries, but first and foremost oil, natural gas and seafood sectors. The Government intends to try and diverse the economy by stimulating other types of businesses that are not connected to the oil and gas industry.
This opens a large number of opportunities of foreign companies interested in incorporating a company in Norway. Now is the time for international investors to take advantage of this favorable shift towards formation of new “mainland” industries that can be competitive in Europe and worldwide. Furthermore, Norwegian workers are highly educated, bilingual and efficient in nature.
Lastly, with the expert assistance of Healy Consultants, entrepreneurs will finally be able to take full advantage of this increasingly favorable economic climate and new business opportunities in Norway.
-- About Healy Consultants --
Healy Consultants provide a full range of professional services, which include the following:
• Offshore financial services
• Accounting and taxation
• Corporate finance
• Business start up services
• Corporate banking
• Global marketing services
• Company formation
• International trading strategies
Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.
Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.
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