Setting Up a Company

Types of Companies and Capital (Max/Min)	Number of Partners/Shareholders and Liability
Limited Company (Aksjeselskap, AS) NOK 100,000	No minimum. Liability is limited to the amount contributed.
Public Limited Company (Allmenne aksjeselskap, ASA) NOK 1 million	No minimum. Liability is limited to the amount contributed.
General Partnership w. shared liability (Ansvarslig selskap med delt ansvar, DA) No minimum capital.	Minimum: 2 Unlimited, but each owner is responsible for debt corresponding to his/her share of the ownership
General partnership (Ansvarslig selskap, ANS) No minimum capital.	Minimum: 2 Liability is unlimited.
Sole proprietorship (Enkeltmannsforetak) No minimum capital.	Only 1 person. Liability is unlimited.

The Competent Organization: Brønnøysund Register Centre maintains open annual accounts on all Norwegian companies.
Search a Company or a Financial Report: Brønnøysund, Register Centre
Register Authority

Source: Doing Business.

Business Setup Procedures: Consult Doing Business Website, to know about procedures to start a Business in Norway.
Trade Register

Working Conditions

Legal Weekly Duration: 35,5 hours for shift workers and 37,5 hours for others. This includes a half an hour lunch break.
Retirement Age: Official retirement age is 67, but early retirement is allowed at 62. Employees have the right to continue working until the age of 70.
Working Contracts: Legal clauses regulate employment contracts and to a lesser degree collective agreements and individual negotiations. The terms of employment contracts are rather rigid.

Minimum Wage: There is no legally mandated national minimum wage.
Average Wage: The average wage is NOK 30,600 per month.
Social contributions: Social Security Contributions Paid By Employers: Varies regionally, between 0 and 14,1 %.
Social Security Contributions Paid By Employees: 7,8 %.

Social Dialogue and Involvement of Social Partners: Norway has strong traditions in collective bargaining and trade unions hold a prominent position. Strong emphasis is placed on central organizations of employers and employees. Compulsory collective agreements supplement legislation in wages, working conditions and benefits. Results of central wage negotiations between the large employee's and employer's organizations serve as guidelines for the local wage negotiations.
Unions: Norwegian Confederation of Trade Unions
Confederation of Unions for Professionals
Federation of Norwegian Professional Associations
Unionization Rate: 60 %.
Labor Regulation Bodies: Ministry of Labor and Social Inclusion

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