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What reporting obligations rest with the board of directors of a Norwegian limited liability company (aksjeselskap – AS)? 

Many entrepreneurs operating in the electrical installation sector in Norway treat the role of faglig ansvarlig merely as a formal requirement necessary for registration in the Register of Electrical Enterprises (Elvirksomhetsregisteret). In practice, however, this is one of the key roles responsible for ensuring that work is carried out in compliance with legal regulations. 

In a recent webinar organized by the Polish Investment and Trade Agency (PAIH) Our expert had a pleasure of presenting a practical approach to choosing business activity in Norway. Enjoy the summary of her presentation. 

(Based on real market experience)
Norway is often described as one of the most attractive markets in Europe: stable economy, high purchasing power, predictable regulations and strong institutions. All of this is true - but only for companies that understand how business really works here. 

Today, we present another portion of solid knowledge about Norwegian limited liability companies AS (aksjeselskap). How important is the board of directors (styre) for the proper functioning of a company? Although day-to-day management may be entrusted to a managing director, it is the board of directors that bears overall responsibility for the functioning of the company.

Another post about Norwegian limited liability companies, known as Aksjeselskap (AS). This time, we present the main rules regarding the general meeting of shareholders (generalforsamling). 

This article explains how dividend payments and the sale of shares in a Norwegian AS work in practice, who pays tax, and what deadlines must be met.
Important: the deadline for submitting the Aksjonærregisteroppgave is approaching. 

January is traditionally a month dedicated to Norwegian private limited companies – aksjeselskap (AS). At least on the blog of an authorised accounting office in Norway.
What role do shareholders play? How should shares in a Norwegian AS be handled? And which report must be submitted by the end of January 2026? 

Hiring out workers in Norway is strictly regulated. Companies providing personnel to Norwegian clients must comply with registration and authorisation requirements enforced by the Norwegian Labour Inspection Authority (Arbeidstilsynet). 

Important changes to the rules for reporting and paying employee income tax advances (forskuddstrekk) will come into force in Norway on 1 January 2026. The skattetrekkskonto, a mandatory separate bank account for withholding tax, will be abolished. The new model is designed to simplify the payment of withholding tax, but it also requires more discipline and accuracy from employers. 

Posting employees to Norway requires far more than placing workers on a project site. Norwegian regulations on tax, registration, payroll, and HSE are among the strictest in Europe.
In this comprehensive guide, we explain 12 essential steps every foreign company must complete before sending employees to work in Norway.
This article is based on Novum’s long-standing experience supporting firms across Europe with Norwegian posting rules, NUF registration, VAT obligations, and employee tax compliance.

A topic that keeps coming back like a boomerang… “In Norway, it’s enough just to register for VAT.”
“In Norway, you don’t need to register a company.” “Norway is in Schengen, so we don’t need registration, we just need to issue an invoice with VAT.” 
Many questions and myths about the registration process circulate among foreign entrepreneurs working in Norway. So what is the truth? Let’s find out! 

Should a foreign entrepreneur register a branch of a foreign company in Norway (NUF), or a Norwegian equivalent of a limited liability company — aksjeselskap (AS)? We have tried to answer this question several times already, but we still see great interest in this topic among clients preparing to enter the Norwegian market. The easiest way is to rely on our expert knowledge. Enjoy! 

The Norwegian Labour Inspection Authority – Arbeidstilsynet – has been granted new tools to tighten control over occupational health and safety. The regulations entered into force on July 1, 2025. What can we expect during inspections in Norwegian enterprises and in branches of foreign companies operating in Norway? 

After the summer break, we are back with fresh energy to share insights on doing business in Norway. Today, we focus on important changes for companies in the offshore renewable energy sector. What awaits employers starting from 1 January 2026? Stay tuned! 

 As of 15 June 2025, updated minimum wage rates apply in the Norwegian shipbuilding and ship repair industry (Maritime Construction Industry). These rates are legally binding for all companies—Norwegian and foreign alike—and apply to every employee working in Norwegian shipyards. 

 As of 15 June 2025, new, higher minimum wage rates apply in the Norwegian construction sector. These rates affect all companies—both Norwegian and foreign—and every worker employed on Norwegian construction sites. This article takes a closer look at the obligations of employers who post workers to Norway. 

 For over 20 years, Novum Økonomi AS has specialized in supporting foreign company branches (NUF) operating in Norway. Our accountants have in-depth knowledge of regulations and practices related to payroll for posted workers. 

A NUF (Norskregistrert Utenlandsk Foretak) is a type of business where a foreign company registers its branch in Norway. It is a popular solution for construction, installation, and service companies starting operations in Norway. In this article, we explain whether NUFs are required to keep full accounts in Norway. 

Check the new minimum wage rates in Norway effective from 15 June 2025
Tariffnemnda has announced updated wage rates for nine sectors covered by minimum wage regulations in Norway. 

Norway has introduced a national registry of beneficial owners (reelle rettighetshavere) in line with international transparency standards. From autumn 2024, businesses and organizations operating in the Norwegian market must report individuals who have actual influence over their operations. 

Reminder!
Compliance with Health, Safety and Environment (HSE) regulations in Norway is mandatory for all employees and employers — including foreign companies. Ignoring procedures and failing to maintain a safe workplace can lead to serious and even fatal accidents.
Systematic HSE work (Systematisk HMS-arbeid) requires that every undesired event — whether a deviation or an incident (in Norwegian: avvik) — must be reported and documented. The insights gained from an incident report should be used to prevent similar events in the future.

We're back to summer planning! This time, we're focusing on holiday pay in Norway, with special attention to branches of foreign companies (NUF).
✈️🏖️ 🍹 

Recently, we covered the topic of averaged working hours in Norway.
In today’s article, we provide a straightforward overview of the rules governing overtime work in Norway. The regulations on working hours are laid out in the Norwegian Working Environment Act and apply not only to local employees but also to workers posted to Norway.