In parallel with a digital revolution hitting the world economy – upstream and down – Oslo has over the last four years taken the role as the new industry and job creator of future Norway. Over the last four years, Oslo has become the fastest growing startup ecosystem in the Nordics, in a time when the Nordics are leading the way. Looking in the rearview mirror, a dangerous perspective when the world moves fast, in 2017 we have experienced five facts that will change the politics of job creation for a long time.
The Oslo Business Region Magazine is an overview of the main activities we did in 2017 with an emphasis on its results in each area.
This City's Cases
Settling as a founder
Norway Immigration Guide should equip you with info about registration and visas.
Taxes – Registration with the VAT Register
A business must be registered with the VAT Register when the total value of sales and withdrawals that fall under the scope of the Norwegian VAT Act exceeds NOK 50,000 during a 12-month period.
Access to capital
A bank loan can be just the right thing, if you can control the risk.
Other public financing
Professional private investors/Business angels
Seed funds/Venture capital funds
Access to talent
If you have not already got a job in Norway, the best place to look for practical information about how to apply can be found at the Norwegian Labour and Welfare Administration (NAV) website. This site will also have information about working and living conditions, as well as links to webs sites where actual vacancies are listed. Available jobs in Oslo are advertised through official, public portals and national newspapers, as well as company websites, recruitment agencies and internet databases.
Oslo is one of the fastest growing cities in Europe. Oslo is a city for talent. The city region constantly seeks top quality, educated and experienced people from all over the world to come and work and live here.
The region is home to world-leading environments within fields such as ocean industries, finance, information and communication technologies, energy and environmental technologies, life sciences and culture industries.
Setting up your Company
All enterprises are registered in the National Register of Business Enterprises (Brønnøysundregisteret). You can do it online or on paper.
There are four main structures to choose from when setting up a small enterprise: limited company, partnership, sole proprietorship or cooperative societies.
Read more: Altinn – Choosing form of incorporation
Coworking and Makerspaces
You do not have to use external help with your accounting, but you are responsible for making sure the numbers are correct. Hence, having an accountant is recommended. If your annual turnover is more than NOK 5 million you are normally required to get your accounting audited by a licensed auditor.
- Find out if you need an accountant
- The Norwegian Association of Authorised Accountants (NARF)
- Norwegian Tax Administration – Value Added Tax