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Country Commerce

Norway

Released April 2012 The Economist Intelligence Unit 750 Third Avenue New York NY 10017 USA

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Norway

1

Contents
3 3 4 5 Regulatory/market assessment Regulatory/market watch Norway’s position in the global economy Political/commercial backgroundPolitical conditions Market conditions Currency State role in the economy Foreign investment International agreements Turnover, sales and excise taxes Other taxes

46

Personal taxes
Overview Determination of taxable income Personal tax rates Capital taxes

49

Competition policy
Overview Monopolies and market dominance Mergers Freedom to sell Price controls

15

Organising aninvestment
Basic investment approval Acquisition of an existing firm Building and related permits Environmental law Acquisition of real estate Establishing a local company Establishing a branch

54

Exchange controls
Overview Repatriation of capital Profit remittances Loan inflows and repayment Remittance of royalties and fees Restrictions on trade-related payments

25

Human resources
OverviewLabour law Industrial labour Wages and fringe benefits Working hours Part-time and temporary help Termination of employment Employment of foreigners

56

Trade policy
Overview Tariffs and import taxes Import restrictions Taxes on exports Free ports, zones Export restrictions Export insurance and credit

33

National incentives
General incentives Industry-specific incentives Regional...