Norway is the wealthiest country in the world, and inevitably the happiest. According to studies, it ranked first overall in terms of prosperity index and social capital in 2012. Its economy is second largest globally. Major industries in this Scandinavian nation include oil, gas, hydropower, seafood and exports. Banking and finance also thrive well amidst the downfall of other European countries. The banking system is segmented into three branches: savings, commercial and foreign banks. Low interest rate loans are commonplace in Norway. This boosts confidence of businessmen to invest in this country.
Doing business in Norway, just like in any other countries, follows certain rules and regulations. The Norwegian Ministry of Trade and Industry serves as a one-stop shop for those who are seeking information on how to set up a business or commercial establishment in this region. If you are building a startup company, Bedin can help you craft a framework in accordance to the Norwegian legislation. They offer free advice and learning sessions via tools and references in the site. Here, you can find guidelines on taxation, bookkeeping, finances and grants, and licenses.
If you are venturing into export and import trades, the official Norwegian Trade Portal is the perfect website to visit. There are thousands of companies listed in here that engage in these activities. There is also a long list of banks in Norway that extend loan without collateral or forbrukslån uten sikkerhet for those business neophytes and enthusiasts.
Citizens of Norway have a lot to be happy about. They have survived the Euro crisis that pulled healthy economies in the region to rock bottom. Two factors played very crucial roles in ensuring that they remain sturdy amidst crisis that shook their continent and the world are: good governance and relatively low debt levels. The right policies on consumer loan (forbrukslån)and governmental programs for livelihood have worked well for the country’s economic well-being. Norway is known to be a huge supporter of free trade and open economy. They are not part of the European Union and are not using Euro as their currency.
Oil and energy resources are the most lucrative investments in Norway. In fact, the top 10 largest corporations in the country are energy and oil exploration and production companies. Multi-billion dollar organizations include Statoil asa, Norsk Hyrdo asa, Aker asa, Exxon Mobil, Total E & P Norge and Orkla asa. Tourism is also starting to be an economic stronghold of Norway. It has some of the most fascinating sites and lush environments in Europe.