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Norway is a politically stable, modern and highly developed country with a very strong economy. The Norwegian economy is characterized by being open and mixed, with a combination of private and public ownership.

Norway has always been open to foreign investments. There are about 6000 foreign-owned limited companies in Norway with many additional branch offices. Foreign companies represent about 25% of all value-creation in Norway and about 20% of the employment. Norway had a strong growth of foreign investments during the last decade, compared to many other countries.

Norway is not a member of the European Union, but Norway is part of the Inner Market through the EEA agreement, hence Norwegian companies have equal opportunities as those with EU membership.

Doing business in Norway

Norway is a safe and easy country for business. The World Bank ranks Norway top 10 of 189 countries on Ease of doing Business, a position Norway has held for several years

Our population of 5,1 million is modest in size yet still, its purchasing power is comparable to larger economies due to high standard of living and evenly distributed wealth. Most Norwegians are fluent English speakers with French and German frequently spoken as well.

There is a highly developed system of industrial clusters with close cooperation between the industry and R & D institutions. The cost of setting up R & D activities is internationally competitive with a well- developed system to protect intellectual property rights. Norway participates fully in all EU research programmes and activities.

Source: Innovation Norway

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