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Starting Your Own Business: An introduction to different aspects of Norwegian regulations

Business leaders are called to engage the contemporary economic and financial world in light of the principles of human dignity and the common good. This reflection offers business leaders, members of their institutions, and various stakeholders a set of practical principles that can guide them in their service of the common good. Among these principles, we recall the principle of meeting the needs of the world with goods which are truly good and which truly serve without forgetting, in a spirit of solidarity, the needs of the poor and the vulnerable; the. | Starting Your Own Business An introduction to different aspects of Norwegian regulations Bedin BEDRIFTSINFORMASJON PẢ INTERNETT NARVIK TELEFONENE Table of Contents Auditing.21 Preface.4 Introduction.5 Business climate in Norway.5 Type of Business.5 Business or Hobby activities .6 Preconditions.6 Will your plans lead to real business or are you actually a wage earner .6 By own expenses and risks.6 Register your Business.7 Initial registration.7 How to register the business .7 The name of your enterprise.8 Register of Business Enterprises.8 The Central Coordinating Register for Legal Entities -foreign entities.8 D-number.9 Authorisation.10 Choice of Business entity.11 Sole Proprietorship Self-employed Business .11 General Partnerships.12 Business with Limited Liability.12 Cooperatives SA .15 Norwegian branch of a foreign enterprise NUF .16 Other types of enterprises.16 VALUE added tax vat .17 VAT - who and when.17 VAT rates.17 Registration in the VAT Register.17 Registration by the use of a representative.18 Obligations and rights.18 More information.18 Special conditions.18 accounting and auditing.19 Legal Basis.19 Accounting.19 Required documentation.19 Accounting principles.19 Documentation of expenses and income.20 Making your business documents valid.20 Annual report.21 Storage of records.21 Illness Benefits Occupational Injuries Pension scheme 22 Calculation of the basis for illness benefits.22 Maternity benefits.22 Mandatory occupational pension.22 Employment.24 Registering the employee.24 The Employee Register.24 Employment contract.25 Employers deduction of withholding tax.25 How to report and pay the taxes withheld.25 Responsibility.25 Duties.25 Taxation.26 Sole proprietorship Self-employed business .26 Taxation of general partnerships ANS or DA .26 Taxation of limited companies and shareholders. 26 mandatory licences etc.27 Authorization.27 Travel agencies travel organizers etc.27 Catering businesses.27 Transport business.27 Currency regulations.27 .