logo image

Easy of doing business in Norway Essay

Most of he Norway Import climate is generally open to U. S. Products and investments however there Is one sector that Is well protected through trade barriers – agriculture. Narrows domestic market Is small but they can serve as an attractive bas for companies operations in North Europe and Western Russia markets. Market Opportunities: There are excellent opportunities in Norway market. The biggest and most significant ones are in oil and gas, energy, and IT. Other sectors with significant opportunities are in services, shipping and maritime equipment and consumer odds.

The sector that we will present In our project, the organization NAP has a very good potential in the market. Commercial Guide: First step would be Commercial Agency Agreements. United States exporters often ask the Commercial Service about their rights and obligations about agreements with Norwegian Commercial representatives. Usually U. S businesses needs to find a local representatives, who can help U. S. Companies adapt to local culture, technical and legal condition In Norwegian market. Agency Agreement is a legally mandatory agreement between two parties. Here the parties are equally welcome to certain compensations. There are no requirements specifying the form or content of an agency agreement. The parties are completely

Need essay sample on "Easy of doing business in Norway"? We will write a custom essay sample specifically for you for only $ 13.90/page

free to regulate additional content in the agency contract, including size of commission and commission settlement. Franchise: It is becoming very popular In Norway after very slow start. Some of the first U. S. Companies that started franchising are big chains such as McDonald’s and Ovals. Overall most of franchising systems operating In Norway are based on concepts plopped in Norway.

About 10% is followed from the U. S. All franchise systems in Norway are required to act in accordance with the Norwegian legal framework for business enterprises. Also the EYE is included and it’s regulated by the Ministry of Trade and Industry. Taxation and Trade Barriers: Most Norwegian tariffs on industrial goods are generally low. Most of the exports of Norway goods are done with ELI countries (about 70%). They are generally considered on a duty-free basis with some provisions by the EYE. In NAP organization we will face different tax rates and taxation rules.

Norway corporate tax rates are way lower than many countries in EX.. Income and capital tax are the two that company will face. An Income tax of 28% Is usually applied to all that organization NAP will operate in Norway through a permanent establishment defined as a fixed place of business. This means that all industrial and commercial profits made in Norway will be taxable by the Norwegian government. However it will exempt from taxation by the United States. Foreign Direct Investment FAD: Norwegian FAD has increased rapidly after 2000.

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy