to Norway

Norway offers a range of advantages for businesses looking to establish themselves or expand their operations. Here are some of the key reasons why locating a company in Norway can be a beneficial decision:

1. Stable and Prosperous Economy: Norway boasts a strong and stable economy, ranking among the top countries in the world in terms of GDP per capita. The country is a significant exporter of oil and gas, but it also has a thriving technology, communications, and renewable energy sector.

2. Access to the European Single Market: While not a member of the European Union, Norway is part of the European Economic Area (EEA), granting it access to the EU's single market. This means that companies based in Norway can freely trade goods and services with other EU countries without facing tariffs or quotas.

3. Pro-Business Environment: Norway has a generally positive attitude towards business and a strong tradition of free enterprise. The government is committed to creating a favorable environment for businesses to operate, with a focus on innovation, entrepreneurship, and sustainable development.

4. Highly Skilled Workforce: Norway has a highly educated and skilled workforce, with a strong emphasis on STEM subjects. The country consistently ranks among the top performers in international education rankings.

5. Excellent Infrastructure: Norway has a well-developed infrastructure, including a modern transportation network, reliable energy supply, and advanced telecommunications facilities. This makes it easy for businesses to operate efficiently and connect with their customers both domestically and internationally.

6. Competitive Tax System: Norway's corporate tax rate is relatively low compared to other European countries, and there are also a number of tax incentives available for specific industries and activities.

7. Support for Research and Development: The Norwegian government is committed to supporting research and development, providing generous funding to businesses and research institutions involved in innovation.

8. Strong Social Safety Net: Norway offers a comprehensive social safety net for its citizens, including universal healthcare, generous unemployment benefits, and a progressive pension system. This can be attractive to skilled workers seeking a high quality of life.

In addition to these general advantages, Norway also offers specific benefits for different industries. For instance, the country's strong focus on maritime and offshore industries makes it an ideal location for businesses involved in shipbuilding, oil and gas exploration, and marine technology.

Overall, Norway presents a compelling environment for businesses across a wide range of sectors. Its stable economy, pro-business environment, skilled workforce, excellent infrastructure, and supportive government policies make it a promising location for establishing or expanding operations.

We can support you investing in Norway with our partner company Sial Invest AS.