Norwegian limited liability companies and British citizens after Brexit.

It has been more than two years since Britain formally withdrew from the EU and the EEA-agreement. Since then, the pandemic hit all the markets hard and the influx of foreign companies to Norway was obviously less than impressive.
 
As an authorized accounting office in Norway we were aware of the changes and new agreements that were the result of Brexit, but during the difficult times of the pandemic, the effects of Brexit were definitely outshone. 

Now that the international clients are re-entering the Norwegian market, we can see the practical implementations on the companies' reality. 

The changes to the Norwegian Private Limited Liability Companies Act (the "Companies Act") were introduced already in 2021. The most important one is included in Section 6-11 (here in Norwegian).

The additions to the Norwegian Companies Act allows for the British citizens to run their companies in Norway as both general managers and Board members, even with no intention to permanently move to Norway.

Unfortunately, the provisions for private individuals intending to work in a Norwegian company or being posted to a Norwegian branch of a British company are not as favourable as those in the Norwegian Companies Act.

Follow us to read more about residence permit and work permit for non-EU citizens in Norway.

The Norwegian companies Act is available here (in Norwegian). 

Interested in getting the most up-to-date consulting on how to run a company in Norway? Contact us at:

Author: Anna Korpalska
Picture: Freepik-brexit