Norway: a natural choice for business

A great place to live, work and invest

Why Norway?

Ranked amongst the easiest countries in the world for doing business, Norway is a modern and stable market. With vast natural resources, accumulated wealth and a healthy economy, it’s also one of the world’s richest countries, boasting an enviable standard of living backed by one of the highest GDPs per capita.

The country has strong industries based on natural resources, including petroleum, hydropower, forests, fish and minerals. In fact, on a per capita basis, Norway is the largest producer of oil and natural gas outside the Middle East. Other major industries include offshore shipping, shipbuilding, paper products and information technology.

A leader in research and development, the Nordic nation is very competitive and open to foreign investment. Norway is not only attractive for doing business; it’s also a great place to live, as confirmed by the latest World Happiness Report (2017) which placed Norway in the top position.

Although Norway is not a member of the European Union, Norwegian companies have opportunities equal to those in EU member states due to Norway’s participation in the EU’s single market through the European Economic Area agreement.

Our core areas of expertise

TMF Group employs more than 50 professionals across two offices in Drammen and Oslo, servicing a diverse portfolio of sectors, including energy, real estate, mining, production and biotech. The experienced team is particularly specialised in joint venture accounting and reporting for the oil and gas industry. 

The preparation of financial statements and tax returns for organisations involved in petroleum-based activities in Norway is complex, and requires extensive local knowledge. We are Norway’s leading provider of accounting, payroll and financial reporting services to the upstream oil and gas industry across the Norwegian Continental Shelf (NCS), and have more than 10 years’ experience providing specialised services to companies that are setting up and exploring the region.

TMF Group Norway was established in 2006 and grew with the acquisition of Accepta AS (est. 1999) in 2013. Our local experts provide accounting, tax compliance, corporate secretarial and HR and payroll services.

Our full range of services include:

Our full range of services helping you do business in and from Norway:

  • Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
  • Corporate Secretarial services: We can take care of recurring compliance filings, manage routine corporate changes and retrieve any official corporate documents from official registries.
  • Governance services: We help you stay compliant, manage your risk and stay on the right side of regulators and filling requirement for CRS, FATCA, KYC and BEPS related regulations.
  • HR and Payroll services: We help you to hire the right people, apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.
  • Private Equity Investment services: We support investment managers with bespoke back office solutions, administer complex international investment structures, and facilitate expansion and operating abroad.
  • Real Estate Investment services: Our expertise covers work in multiple jurisdictions, including international holdings and administration pertaining to property companies, along with fund administration.
  • Structured Finance services: We help to make sure the establishment, operation, and management of SPV's structured finance vehicles runs smoothly.

We can get you set up, provide a single point of contact and take care of those non-core elements that keep your business moving, while you focus on developing your business.

Get in touch with our offices in Norway to discuss how to grow your Norwegian business.

To find out exactly how we can help you, speak to our experts

We deliver tailored solutions to each precise location that allow you to operate smoothly from day one.

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