Features of Private Limited Company in Norway?

[mneilson]

Norway is the the third biggest oil exporter of the world. So a person who is interested for forming a company should have some knowledge on the features of private companies is Norway. They are in short:


1-Most popular format for small and medium businesses


2-Minimum share capital 100,000 NOK (€12,836), fully paid up


3-At least one shareholder; board of directors required


4-50% of board members must be resident in Norway

 

[richardm1964]

I think Norway is best suitable for incorporation of small and medium businesses based on oil and oil products. But the problem is 50% members of the board of Directors should be the people belongs to Norway itself.