Many people search for a shelf company (hylleselskap) because they want to get started quickly. Today, setting up a new limited company (AS) is often just as fast – and cleaner. You get a company with no history, with the name, purpose and owners you want from day one.

Regnskap Group does not sell shelf companies, but we help you set up a new AS in Norway – quickly and correctly.

Shelf company or new AS?

A shelf company is a limited company that has already been registered but has never traded. When you buy it, the name, board, address and articles of association must be changed, and the company still has a history in the Brønnøysund Register Centre. The bank must carry out its own customer due diligence on the new owners, so a bank account is normally not included.

A new AS is registered directly in your name. There are no previous owners to deal with, and everything is correct from the start.

What you need to set up an AS in Norway

• Share capital of at least NOK 30,000. The capital is paid into a separate account and can be used in the business once the company is registered.
• Memorandum of association and articles of association. The articles must state the company name, business activity, share capital and the nominal value of the shares.
• Confirmation of paid-in share capital. When the capital is paid in cash, it can be confirmed by a bank, a state-authorised accountant, a lawyer or an auditor.
• Board and general manager. You decide who sits on the board and who is general manager. We check that the requirements are met.
• Registration with the Brønnøysund Register Centre. The company must be registered before it starts trading, and no later than three months after the memorandum of association is signed.

After registration

• VAT: The company must register in the VAT Register once taxable turnover exceeds NOK 50,000 within twelve months.
• Audit: A newly established AS can opt out of audit if it has fewer than ten employees and share capital at formation below NOK 27 million.
• Bookkeeping and payroll: Bookkeeping starts with the first voucher. If you have employees, payroll and the a-melding must be in place from the first salary payment.

How we help

1. We review your plans and recommend the right company type.
2. We prepare the memorandum and articles of association.
3. We confirm the share capital and file the registration with Brønnøysund.
4. We set up accounting, VAT and payroll so you can start straight away.

Price for setting up an AS: NOK 4,100 (the Brønnøysund registration fee comes in addition).

Read more about company formation or contact us – we will help you get started.