Limited liability company in Norway – Aksjeselskap

Key Features of a Norwegian Limited Liability Company

What characterizes a limited liability company:

Personal liability is limited
Rights as an employee
Separate legal entity
Investor-friendly

What is a limited liability company? A limited liability company is a separate legal entity, and as the owner, you are not responsible for more than the invested share capital.

The Norwegian Companies Act requires that a limited liability company has a share capital of at least 30,000 NOK. The cost of establishing the company is 5570 NOK.

Accounting is more complex and requires professional expertise.

Every transaction in the bank account must be properly documented, there is no discretion. The company owner can withdraw compensation either as a salary (employed as a worker) or in the form of dividends from profits.

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