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Europe

Energy, maritime, and offshore tech founders, Norway

Norway is the world's most concentrated energy and maritime tech base (Equinor, Aker, Yara, DNV, Kongsberg). Innovation Norway grants fund pilots up to NOK 25M, SkatteFUNN gives an 18 to 20% tax credit on R&D spend, and Eksfin export finance covers international receivables.

SkatteFUNN 18 to 20%Innovation Norway grantsEnergy ecosystem depth
Start setup {placement} 4 min · no card required
Corp tax
22%
Fastest setup
1-2 weeks
Tax treaties
90
Region
Europe

What you'll need

  • No resident director required
  • Local registered office required
  • Economic-substance test applies
  • Minimum capital: NOK 30,000
  • Administrative language: Norwegian (Bokmål/Nynorsk; English accepted in practice)
  • Legal system: Civil law

Tax and treaty profile

  • Corporate tax 22%
  • Tax treaties 90
  • VAT rate 25%
  • Withholding on dividends 25%
Key treaty partners
SwedenDenmarkUKUSAGermanyNetherlands

Banking and payments

  • Banking takes 2 to 4 weeks with KYC
  • Stripe supported
  • Wise supported
  • Crypto banking available

Considerations

If you want to minimise headline tax and cost

Norwegian CIT at 22% is competitive but employer payroll, statutory accountant fees, and operating costs are among the highest in Europe. There is no IP Box. For lower headline and cheaper operating bases:

CIT 22% no IP BoxHigh operating costPetroleum 25% additional sector tax