Investment Opportunities in Norway
Protection of Foreign Investment
- Bilateral Investment Conventions Signed By Norway
- Norway has signed bilateral investment treaties with several countries. A list can be found here.
- International Controversies Registered By UNCTAD
- Norway has not been involved in any case of disagreement concerning foreign investment up to now.
- Organizations Offering Their Assistance in Case of Disagreement
ICCWBO , International court of arbitration, International chamber of commerce
Oslo Handelskammer , The arbitration and dispute resolution Institute of the Oslo chamber of commerce
ICSID , International Center for settlement of Investment Disputes
- Member of the Multilateral Investment Guarantee Agency
Country Comparison For the Protection of Investors
|Index of Transaction Transparency*||7.0||6.0||7.0||5.0|
|Index of Manager’s Responsibility**||6.0||5.2||9.0||5.0|
|Index of Shareholders’ Power***||7.0||6.8||9.0||5.0|
|Index of Investor Protection****||6.7||6.0||8.3||5.0|
Source: Doing Business
Note: *The Greater the Index, the More Transparent the Conditions of Transactions. **The Greater the Index, the More the Manager is Personally Responsible. *** The Greater the Index, the Easier it Will Be For Shareholders to Take Legal Action. **** The Greater the Index, the Higher the Level of Investor Protection.
Procedures Relative to Foreign Investment
- Freedom of Establishment
- Acquisition of Holdings
- A majority holding in a Norwegian company is legal.
- Obligation to Declare
- No specific text of law regulates foreign direct investments.
- Competent Organization For the Declaration
Ministry of Finance
Ministry of Trade and Industry
- Requests For Specific Authorizations
Following sectors require specific authorization:
- Acquisition of waterfalls, power supply rights and mining rights.
- Acquisition of land, real estate and long term leases.
- Acquisition of farmland and forests
- Purchasing over 10 % of the share capital of a Norwegian financial institution.
- Direct investments in petroleum exploration and exploitation are subject to a government licence
If an investment requires a permit, the applicant should contact the Ministry of Trade and Industry.
Office Real Estate and Land Ownership
- Possible Temporary Solutions
- Foreign companies don't have to seek concessions to rent real estate (commercial facilities, office space) if the rental period is under 10 years.
- The Possibility of Buying Land and Industrial and Commercial Buildings
- Generally it's possible for foreign investors to own real property, though ownership of certain real assets is restricted. Acquisition of real estate and land are subject to The Concession Act. These regulations apply when buying real estate or companies that hold real estate (or long term leases).
- Risk of Expropriation
- No cases of questionable expropriation. Expropriation is governed by The Land Act.
- Forms of Aid
- No significant forms of investment aid. There are some exceptions for the sparsely populated areas of northern Norway.
- Privileged Domains
- Privileged Geographical Zones
- Minimal taxation in the Svalbard archipelago and lower social security payments, lower tax rates and extra deductions in the sparsely populated areas of northern Norway.
- Free Zones
- Organizations Which Finance
- The Nordic Investment Bank, the Nordic Industrial Fund, the Nordic Environment Finance Cooperation. More information can be found at Bedin.no under the topic "Financing".
- The Key Sectors of the National Economy
- Petroleum and gas, food processing, offshore industry, fishing, shipbuilding, metals and mechanical engineering.
- High Potential Sectors
- Oil and gas field machinery/equipment and services, telecommunications, shipping and maritime equipment and services, renewable energy, environmental technology, medical equipment and supplies, security equipment.
- Privatization Programs
- Government ownership is freezed at current levels.
- Tenders, Projects and Public Procurement
Ehandel, Public Procurement portal
Tenders Info, Tenders in Norway
Ted - Tenders Electronic daily, Business opportunities in EU 27
DgMarket, Tenders Worldwide
Sectors Where Investment Opportunities Are Fewer
- Monopolistic Sectors
- Postal services, railways, domestic production and retail sale of alcohol.
- Sectors in Decline
- None in particular.
Finding Assistance For Further Information
- Investment Aid Agency
Information about financing and support is available at Bedin.no
- Other Useful Resources
Oslo Chamber of Commerce
Kvasir Business Search Engine (in Norwegian).
Nortrade - Official Norwegian Trade Portal
Business Guide to Oslo Region
Norway.com Business Center
- Doing Business Guides
Norway Commercial Guide 2010 - Buy USA
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