{"id":961,"date":"2023-06-02T09:06:33","date_gmt":"2023-06-02T09:06:33","guid":{"rendered":"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-norway\/"},"modified":"2023-07-12T10:34:05","modified_gmt":"2023-07-12T10:34:05","slug":"company-formation-comparison-singapore-vs-norway","status":"publish","type":"post","link":"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-norway\/","title":{"rendered":"Company Formation Comparison: Singapore Vs. Norway"},"content":{"rendered":"\n<p><strong>Singapore and Norway<\/strong>, two countries that seem quite different in terms of foreign investors and most of all in terms of their options to choose a company, mostly because the distance between them. However, it should be noticed that both&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/singapore-norway-double-tax-treaty\" target=\"_blank\" rel=\"noreferrer noopener\">Singapore and Norway<\/a>&nbsp;are similar<\/strong>&nbsp;from two main points of view: they are both small countries and both have a&nbsp;<strong>developed maritime industry<\/strong>&nbsp;as they both offer access to rivers, respectively to the sea.<\/p>\n\n\n\n<p>Below we will present a brief&nbsp;<strong>comparison between the company formation procedures in Singapore and Norway<\/strong>. Our&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/about-us\" target=\"_blank\" rel=\"noreferrer noopener\">specialists in company incorporation matters<\/a><\/strong>&nbsp;can assist foreign investors who intend to<strong>&nbsp;open a company in Singapore<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #002e5b;color:#002e5b\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #002e5b;color:#002e5b\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-norway\/#a-comparison-between-the-types-of-singapore-and-norwegian-companies\" title=\"A comparison between the types of Singapore and Norwegian companies\">A comparison between the types of Singapore and Norwegian companies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-norway\/#singapore-company-formation-vs-norway-company-formation\" title=\"Singapore company formation vs. Norway company formation\">Singapore company formation vs. Norway company formation<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"a-comparison-between-the-types-of-singapore-and-norwegian-companies\"><\/span><strong>A comparison between the types of Singapore and Norwegian companies<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When it comes to the&nbsp;<strong>types of companies which can be established in Singapore and Norway<\/strong>, these are pretty much the same. One can choose from simple business forms like sole proprietorships to partnerships and&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/set-up-limited-liability-company-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">limited liability companies<\/a><\/strong>. Also in both countries, the most employed type of structure is the private limited liability companies. However, if no&nbsp;<strong>minimum capital<\/strong>&nbsp;must be deposited&nbsp;<strong>in Singapore<\/strong>,&nbsp;<strong>in Norway<\/strong>&nbsp;an investor must have at least 30,000 NOK (approximately 3,600 USD). Also, the Norwegian government imposes certain restrictions to foreign investors who want to open companies in several industries, while&nbsp;<strong>Singapore is much more open to foreign investors<\/strong>&nbsp;and also offers them various incentives.<\/p>\n\n\n\n<p>Our<strong>&nbsp;<a href=\"https:\/\/www.opencompanysingapore.com\/why-us\" target=\"_blank\" rel=\"noreferrer noopener\">company formation agents in Singapore<\/a><\/strong>&nbsp;can offer more information on the assistance offered by the government to foreign enterprisers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"singapore-company-formation-vs-norway-company-formation\"><\/span><strong>Singapore company formation vs. Norway company formation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The&nbsp;<strong>company formation process in Singapore<\/strong>&nbsp;<strong>compared to the one in Norway<\/strong>&nbsp;is not that different.&nbsp;<strong>Opening a company in Norway<\/strong>&nbsp;implies:<\/p>\n\n\n\n<ul>\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; depositing the share capital;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; drafting the company\u2019s statutory documents;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; filing these documents with the Trade Register;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; registering for tax and VAT purposes;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; preparing the mandatory pension plan for employees;<\/li>\n\n\n\n<li>&#8211;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; registering for employment purposes.<\/li>\n<\/ul>\n\n\n\n<p><strong><a href=\"https:\/\/www.opencompanysingapore.com\/company-registration-in-singapore\" target=\"_blank\" rel=\"noreferrer noopener\">Opening a company in Singapore<\/a><\/strong>&nbsp;implies less steps, as once the memorandum and articles of association are ready and the company name is chosen, the registration procedures takes only a few days to be completed. That is because the company and tax registration procedures take place at the same time. However, in both countries special permits or licenses are required for certain business activities.<\/p>\n\n\n\n<p>Foreign investors who want to&nbsp;<strong>open a company in Singapore<\/strong>&nbsp;can rely on the services provided by our&nbsp;<strong>company registration consultants<\/strong>. You can also&nbsp;<strong><a href=\"https:\/\/www.opencompanysingapore.com\/contact\" target=\"_blank\" rel=\"noreferrer noopener\">contact us<\/a><\/strong>&nbsp;for information on the taxes a company must pay in Singapore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore and Norway, two countries that seem quite different in terms of foreign investors and most of all in terms of their options to choose a company, mostly because the distance between them. However, it should be noticed that both&nbsp;Singapore and Norway&nbsp;are similar&nbsp;from two main points of view: they are both small countries and both [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":232,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[773,8,774,711,11],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Company Formation Comparison: Singapore Vs. Norway<\/title>\n<meta name=\"description\" content=\"Find here the main differences between the company registration process between Singapore and company formation in Norway.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/opencompanysingapore.com\/company-formation-comparison-singapore-vs-norway\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Company Formation Comparison: Singapore Vs. 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