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Ease of Doing Business in

Norway

Norway Download Profile (1684.8KB, pdf)
Region OECD high income
Income Category High income
Population 5,195,921
GNI Per Capita (US$) 93,820
City covered Oslo

190

1

DB 2017 Rank

1

100

DB 2017 DTF (% points)

  • local_library
  • group
Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 6 8 up
2
82.82 82.30 down
0.52
Starting a Business 21 18 down
3
94.30 94.29 up
0.01
Dealing with Construction Permits 43 40 down
3
75.52 75.51 up
0.01
Getting Electricity 12 18 up
6
90.58 87.46 up
3.12
Registering Property 14 14
-
87.26 87.26
-
Getting Credit 75 70 down
5
55.00 55.00
-
Protecting Minority Investors 9 7 down
2
75.00 75.00
-
Paying Taxes 26 28 up
2
85.53 85.52 up
0.01
Trading across Borders 22 22
-
96.97 96.97
-
Enforcing Contracts 4 6 up
2
78.99 77.14 up
1.85
Resolving Insolvency 6 5 down
1
89.06 88.83 up
0.23

Positive= Doing Business reform making it easier to do business.Negative= Change making it more difficult to do business.

DB 2017 Rank:

14

DB 2016 Rank:

14

Change in Rank:

0

DB 2017 DTF (% points):

87.26

DB 2016 DTF (% points):

87.26

Change in DTF (% points):

0.00

STANDARD PROPERTY TRANSFER
Property value NOK 31,660,936
City Oslo
Indicator Norway OECD high income
Procedures (number) info_outline 1 4.7
Time (days) info_outline 3 22.4
Cost (% of property value) info_outline 2.5 4.2
Quality of the land administration index (0-30) info_outline 20 22.7
  • Measure of efficiency
    No. Procedure Time to Complete Associated Costs
    1

    Submit an application for registration of transfer at the Land Registry

    Agency: Land Registry

    There is no need for a lawyer or notary to be involved in the process. The application is a standard form and may be printed out for free from the Mapping Authority's website. The fee to receive the title is NOK 525 and the stamp duty tax is 2.5% of the value of the property. If the transaction is financed by debt, the buyer has to pay an additional fee to register the mortgage bond. This fee is the same as for registering title, NOK 525. Upon refinancing an existing mortgage loan within the same loan frame, the fee to register a new mortgage deed or transporting the old mortgage deed to the new one, has been reduced to NOK 200. The registration fee and stamp duty are invoiced to the submitter after the registration, and can be paid as normal through a bank, including internet banking.

    The registration authority along with the cadastral authority is centralized with the Norwegian Mapping Authority. The Norwegian Mapping Authority and the Land Register is located in Hønefoss, in Buskerud county, north of Oslo. All documents for registry may be sent to the same address: Kartverket Tinglysing, 3507 Hønefoss.

    Work on permitting electronic submission is underway. However, for most legal and natural persons, documents must still be sent by post. The Mapping Authority requires that professionals send at least one original and one confirmed copy (ideally two originals) of documents to be registered, of which one is kept by the Mapping Authority. There are certain pilot projects allowing banks a limited opportunity to submit certain simple mortgage documents electronically. Title transfer is still by paper for all applicants.

    The current process is as follows: On day one, the required documents are received and entered into the journal. On day two, the relevant data is entered into the electronic database that constitutes the Land Registry proper. Thereafter, a second staff member verifies that the data entered is correct. Finally, the original title deed and any other submitted and registered documents are stamped by the Land Registry and returned to the submitter. An invoice for registration fees and stamp duty follows shortly.

    3 days NOK 525 (registration fee) + 2.5% of the value of the property (stamp duty)

  • Measure of quality
    Answer Score
    Quality of the land administration index (0-30) 20.0
    Reliability of infrastructure index (0-8) 7.0
    What is the institution in charge of immovable property registration? The Norwegian Mapping Authority (Kartverket)
    In what format are the majority of title or deed records kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Scanned 1.0
    Is there an electronic database for checking for encumbrances (liens, mortgages, restrictions and the like)? Yes 1.0
    In what format are the majority of maps of land plots kept in the largest business city—in a paper format or in a computerized format (scanned or fully digital)? Computer/Fully digital 2.0
    Is there an electronic database for recording boundaries, checking plans and providing cadastral information (geographic information system)? Yes 1.0
    Is the information recorded by the immovable property registration agency and the cadastral or mapping agency kept in a single database, in different but linked databases or in separate databases? Different databases but linked 1.0
    Do the immovable property registration agency and cadastral or mapping agency use the same identification number for properties? Yes 1.0
    Transparency of information index (0–6) 3.5
    Who is able to obtain information on land ownership at the agency in charge of immovable property registration in the largest business city? Freely accessible by anyone 1.0
    Is the list of documents that are required to complete any type of property transaction made publicly available–and if so, how? Yes, online 0.5
    Link for online access: http://www.kartverket.no/eiendom
    Is the applicable fee schedule for any property transaction at the agency in charge of immovable property registration in the largest business city made publicly available–and if so, how? Yes, online 0.5
    Link for online access: http://www.kartverket.no/eiendom/priser-og-gebyr/
    Does the agency in charge of immovable property registration commit to delivering a legally binding document that proves property ownership within a specific time frame–and if so, how does it communicate the service standard? No 0.0
    Link for online access:
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the agency in charge of immovable property registration? No 0.0
    Are there publicly available official statistics tracking the number of transactions at the immovable property registration agency? Yes 0.5
    Number of property transfers in the largest business city in 2015: 16,519
    Who is able to consult maps of land plots in the largest business city? Freely accessible by anyone 0.5
    Is the applicable fee schedule for accessing maps of land plots made publicly available—and if so, how? No cost 0.5
    Link for online access:
    Does the cadastral or mapping agency commit to delivering an updated map within a specific time frame—and if so, how does it communicate the service standard? No 0.0
    Link for online access:
    Is there a specific and separate mechanism for filing complaints about a problem that occurred at the cadastral or mapping agency? No 0.0
    Geographic coverage index (0–8) 4.0
    Are all privately held land plots in the economy formally registered at the immovable property registry? No 0.0
    Are all privately held land plots in the largest business city formally registered at the immovable property registry? Yes 2.0
    Are all privately held land plots in the economy mapped? No 0.0
    Are all privately held land plots in the largest business city mapped? Yes 2.0
    Land dispute resolution index (0–8) 5.5
    Does the law require that all property sale transactions be registered at the immovable property registry to make them opposable to third parties? No 0.0
    Is the system of immovable property registration subject to a state or private guarantee? Yes 0.5
    Is there a specific compensation mechanism to cover for losses incurred by parties who engaged in good faith in a property transaction based on erroneous information certified by the immovable property registry? No 0.0
    Does the legal system require a control of legality of the documents necessary for a property transaction (e.g., checking the compliance of contracts with requirements of the law)? Yes 0.5
    If yes, who is responsible for checking the legality of the documents? Registrar.
    Does the legal system require verification of the identity of the parties to a property transaction? Yes 0.5
    If yes, who is responsible for verifying the identity of the parties? Registrar.
    Is there a national database to verify the accuracy of identity documents? Yes 1.0
    For a standard land dispute between two local businesses over tenure rights of a property worth 50 times gross national income (GNI) per capita and located in the largest business city, what court would be in charge of the case in the first instance? Oslo City Court
    How long does it take on average to obtain a decision from the first-instance court for such a case (without appeal)? Less than a year 3.0
    Are there any statistics on the number of land disputes in the first instance? No 0.0
    Number of land disputes in the largest business city in 2015:
    Equal access to property rights index (-2–0) 0.0
    Do unmarried men and unmarried women have equal ownership rights to property? Yes 0.0
    Do married men and married women have equal ownership rights to property? Yes 0.0