Norway is situated in Northern Europe, on the western portion of the Scandinavian Peninsula. Geographically, it is a long and narrow country bordering on its west with the Norwegian Sea and Atlantic Ocean, to its east with Sweden, and to its north it shares borders with Finland and Russia. It has a population of 5.15 million, and its capital is Oslo, located in the country’s more southern area. Norway is a Nordic-Scandinavian country, extremely developed and successful, a leader in international economic and social ranking indices. Its citizens elected to not become a member of the EU, its economic strength contributing greatly to this decision. However, Norway is a member of the EFTA (European Free Trade Association), a fact that proves advantageous for entrepreneurs who maintain business contacts with various European countries and wish to establish a company in Norway.
Norway has two official languages: Bokmål, which serves as a means of communication, and the Norse dialect of Nynorsk. Like other Scandinavian countries, Norway citizens also speak fluent English and it serves as an accepted third language. However commonly spoken, English is not accepted for company incorporation, and all relevant documents must be submitted in the Norwegian language. Norway is considered a global leader in the institution of democracy, the quality of life for its citizens, per capita income, and welfare conditions – primarily thanks to the huge economic growth made possible by discovering large natural gas and oil deposits in its national territories.For Viewing Norway in Google Maps - Click Here
Similar to other Scandinavian countries, Norway balances a free market economy with an excellent welfare policy. Being the richest of the Scandinavian countries, it can provide its citizens an extremely high standard of living and many government-funded services. Per income capita is ranked second in Europe and fourth in the world. The country is also ranked seventh in global oil exporters, and third among gas exporters, with many more natural reserves, and potential deposit sites close to the North Pole. Apart from oil and gas, constituting a quarter of GNP, Norway also has additional natural resources that contribute greatly to the economy, including minerals, a forestry industry, fishing, and hydroelectric power generation.
Norway has a large and powerful public sector, with large corporations in energy, banking, and communications still controlled by the government. However, local economy is very competitive and encourages entrepreneurialship, providing convenient and efficient terms for international companies and businesspeople who wish to establish a company in Norway.
Mellius offers its clients a range of business contacts in Norway, providing the best solutions that are tailor-made to client needs and type of activity.
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