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
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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.