Doing business in Norway
There are many good reasons for doing business in Norway, such as the high level of education, high productivity, and a longstanding culture of innovation. Norway has one of the world’s strongest economies. High priority is given to knowledge development, innovation, technology and maintaining a sustainable business sector.
Norway is a world leader in the oil and gas, energy, maritime and seafood sectors. Companies in other sectors are also making their mark. Medtech, FinTech, Edtech and other technology clusters are flourishing.
Norwegian technology clusters, and centres of expertise innovation can provide foreign companies with specialist knowledge, relevant networks and potential partners.
It is easy to set up a business in Norway. This was highlighted in the ‘Ease of doing business 2020’ survey, where Norway is ranked sixth. In other words, Norway a very interesting country both for established companies and for start-ups.
Read more about the advantages of doing business and investing in Norway here:
Invest in Norway.
Do you want to invest in Norway? Do business in Norway?
Get your business off the ground and grow your presence with free advisory services. The Official Investment Promotion Agency of Norway, Invest in Norway:
- provides an extensive network to help foreign companies establish and run their business in Norway.
- guides you throughout your experience in Norway.
- provides information, assess your opportunities, connect you to relevant networks and facilitate investment processes.
Invest in Norway, administered by Innovation Norway, helps companies enter the Norwegian market. Find your guide to starting a business in Norway, step by step, here.
Some industry opportunities are within:
Six reasons for investing in Norway:
Abundant renewable energy. Norway is rich in natural resources, including renewable energy. 98 % of our electricity production is based on renewables. We utilize this electricity to create energy intensive products with the world’s lowest carbon footprint, and to pilot the zero-emission society of the future. Half of the new cars sold in Norway in 2019 were electric, and we are piloting battery driven ferries as well as boats powered by ammonia.
World-class industries. Norway has world-class industries within oil and gas, energy, maritime and the seafood sector. We are currently building new, green industries on this foundation, pioneering such technologies as floating wind, zero-emission shipping and carbon capture, utilization and storage (CCUS). More than 40 clusters engage in world-leading research and development within, and across, a wide range of industries.
Highly resilient – and yet easy to do business. Norway was recently ranked the world’s most resilient country. We also rank among the top ten countries in the world on the world happiness ranking, the world talent ranking, the world competitiveness ranking, the environmental performance index and the ease of doing business ranking.
Egalitarian – and highly competitive. Norway’s skilled workforce, characterized by high competence, independence and efficiency, and the balanced three party cooperation between the government, labour unions and industry confederations are an important basis for Norwegian competitiveness across industries. These mechanisms ensure flat hierarchies, which combine low conflict levels, high efficiency and flexibility both on local and national level.
Member of the European Single Market. Although not a member of the EU, Norway is fully integrated in the European single market through the EEA and Schengen Agreement.
Great place to live. Norway consistently ranks first in the Human Development Index, thanks to a high literacy rate, great education and material wealth. Norway has one of the lowest crime rates and best welfare systems in the world, ensuring access to high-quality health care and higher education for all.
Invest in Norway
Innovation Norway, Akersgata 13, Postboks 448 Sentrum, 0104 Oslo, Norway
Tel: + 47 22 00 25 00