Norway

Ease of Doing Business in

Norway

This page shows summary Doing Business 2012 data for Norway. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region OECD high income
Income Category High income
Population 4,882,930
GNI Per Capita (US$) 85,380.00
Doing Business 2012 Rank Doing Business 2011 Rank Change in Rank
6 7 down 1
Topic Rankings DB 2012 Rank DB 2011 Rank Change in Rank
Starting a Business 41 33 up -8
Dealing with Construction Permits 60 61 up 1
Getting Electricity 12 11 up -1
Registering Property 8 10 up 2
Getting Credit 48 45 up -3
Protecting Investors 24 21 up -3
Paying Taxes 27 23 up -4
Trading Across Borders 9 8 up -1
Enforcing Contracts 4 3 up -1
Resolving Insolvency 4 4 No change

Economy Profile

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Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2012 Rank 41 DB 2011 Rank 33 Change in Rank down-8
Indicator Norway OECD high income OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

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Procedures (number)
5 -- 5

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

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Time (days)
7 -- 12

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
1.8 -- 4.7

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

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Paid-in Min. Capital (% of income per capita)
19.4 -- 14.1
No. Procedure Time to Complete Associated Costs
1 Deposit initial capital 1 day no charge
2 Have the balance sheet examined by a certified outside auditor 1 day NOK 4,000
3 Register with the Register of Business Enterprises and file for VAT registration. 3 days NOK 5320 (electronically) / NOK 6382 (on paper)
* 4 The employer enrolls in the mandatory workers’ injury insurance 1 day (simultaneous with previous procedure) no charge
* 5 Arrange for mandatory occupational pension plan for employees 3 days (simultaneous with previous procedure) no charge
* Takes place simultaneously with another procedure.

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