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Norway

NO • NORWEGIAN NYNORSK, NORWEGIAN BOKMåL • NOK (kr)

Norway offers a paradox for the sovereign individual. While boasting world-class digital infrastructure, rock-solid property rights, and minimal corruption, the fiscal landscape is demanding. Entrepreneurs face a heavy tax burden, including a controversial wealth tax that penalizes capital accumulation. However, political stability is absolute and the rule of law is peerless. For those prioritizing safety and institutional integrity over aggressive tax optimization, Norway provides a high-functioning, albeit state-heavy, environment amidst breathtaking natural landscapes and personal safety.

Taxation

Corporate Tax 22%
Income Tax 0.017–0.177%
VAT 25%
Tax Treaties 75
IP Box ? Intellectual Property Box. A tax incentive offering reduced rates on income derived from patents, copyrights, and other intellectual property. No
Exit Tax ? A tax on unrealized capital gains triggered when a taxpayer moves their tax residence to another country. Yes

Compliance

BEPS ? Base Erosion and Profit Shifting. An OECD framework to combat tax avoidance strategies used by multinationals to shift profits to low-tax jurisdictions. Member
FATF ? Financial Action Task Force. An intergovernmental body that sets standards to prevent money laundering and terrorist financing worldwide. Member
FATCA ? Foreign Account Tax Compliance Act. A US law requiring foreign banks to report accounts held by US citizens to the IRS. Signatory
CRS ? Common Reporting Standard. An OECD standard for automatic exchange of financial account information between tax authorities globally. Signatory

Blacklists

FATF Blacklist ? Countries identified by FATF as having serious deficiencies in anti-money laundering and counter-terrorist financing measures. Clear
EU Blacklist ? The EU list of non-cooperative tax jurisdictions. Countries that fail to meet transparency and fair taxation standards. Clear

Payment Platforms

Stripe Available
PayPal Available

Articles about Norway