Starting up a business from scratch in Norway can take some time. Therefore in some cases it can be a solution to buy a ready-made company. This is also called a shelf company. In some cases this gives you the opportunity to set up a company than if you would have registered a new entity. The company will still need to pass the compliance checks, but will be ready to trade faster.
In this blog post I will explain what a ready-made Norway company is, and how to set up one. Make sure to also check out my article about Norway business structure if you want to know more about the Norwegian companies.
A newly registered company versus a ready-made company in Norway
When you set up a company in Norway, there are two options: a newly registered company or a ready-made company. A newly registered company is one that has been created from scratch and is not yet trading. It will need to go through the compliance checks before it can start doing business. This process usually takes around two weeks.
A ready-made Norway company, on the other hand, is a company that has already passed the compliance checks and is ready to trade immediately. You will get everything you need to start trading when you buy a shelf company, including a norwegian bank account and registered address. The turnaround time for setting up a shelf company is very fast compared to registering a new entity.
How long does it take to buy a ready-made company in Norway?
The process of buying a ready-made company in Norway usually takes less than 24 hours. You will need to provide some documentation, and the company must pass the compliance checks. The turnaround time for this is very fast compared to registering a new entity.
How much does it cost to buy a shelf company in Norway?
The price of a Norwegian shelf company is usually around NOK 20.000. This includes the company formation and also a Norwegian bank account that you can use to trade with immediately. With this it will be possible to start trading in Norway the same business day or the next business day after your order was placed. You can have employees on board and a Norwegian company bank account from the day you receive the company.
What is included in a ready-made norway company?
When you buy a shelf Norway company, you will get everything that is needed to start trading. The total cost for acquiring a Norwegian shelf company typically consists of:
- Base service fee: NOK 20.000
- Government registration fee: NOK 7.141
This price includes:
- Pre-registered Norwegian AS company
- D-number application support (temporary ID number for non-residents)
- Change of board members and managing director
- All necessary paperwork for company transfer
- Registration of ownership changes
Bank account setup is typically a separate process done after the process above. Check out a few recommended Norwegian business banks below:
How do I set up a ready-made company in Norway?
To set up a shelf company in Norway, you need to provide some documentation. This includes:
– ID for all directors and shareholders
– A norwegian bank account number to receive the company (you can open this later)
After you have provided this documentation, the company will pass compliance checks and be ready to trade. You can then use the Norwegian company bank account to start trading with immediately. If you need help setting up a shelf company in Norway, please get in touch. I would be happy to assist you.
Ready-made companies are a great way to get started quickly when doing business in Norway. The process is fast and simple, and you will have everything you need to start trading right away. Make sure to contact me if you need assistance setting up your own ready-made Norway company. Thanks for reading!
