Development and construction agreements: Effective and important tools
The Magnus Legal
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2w ago
In Norway development and construction agreements are important tools in both the private and public sectors, laying the groundwork for collaboration between developers and either municipalities or landowners. In this blog, we will examine these two types of agreements and the various legal considerations that must be considered when initializing a development and construction project in Norway ..read more
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What is an A-report: Essential guide for employers in Norway
The Magnus Legal
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2w ago
The A-report (known as A-melding in Norwegian) is a mandatory monthly submission for employers in Norway, detailing employees' salaries, employment conditions, tax deductions, and national insurance contributions. Required by NAV, SSB, and the Tax Administration, it is crucial for businesses with employees or those paying out pensions, salaries, or benefits. This blog covers who must submit the A-report, how to do it, deadlines, and the consequences of non-compliance. With many foreign companies facing challenges in navigating these obligations, our expert advisors are here to ensure accurate ..read more
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Should I Choose Sole Proprietorship or Limited Liability Company?
The Magnus Legal
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1M ago
Deciding whether to establish a Sole Proprietorship (SP) or a Limited Liability Company (LLC) is a crucial step for any entrepreneur. In an SP, you bear full financial responsibility for your business's debts and obligations, while an LLC offers the benefit of limited liability, protecting your personal assets beyond your investment in the company. Our latest blog post breaks down the process of establishing each type of entity, from the initial documentation and registration to compliance requirements. Learn about the tax implications, risk management, and the steps needed to transform an S ..read more
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3 key Norwegian residence permit exemptions
The Magnus Legal
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2M ago
Are you representing a foreign company conducting operations in Norway and looking to deploy your own staff? You’ve likely encountered the extensive paperwork involved. Navigating the numerous rules and regulations can be challenging, making compliance unclear and the procedures rigorous and time-consuming. Typically, a foreign labor force in Norway requires a residence permit. However, not all employees are subject to the same procedures. In this blog post, we’ll examine the three most relevant exceptions to residence permit requirements for working in Norway. We will outline the criteria t ..read more
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Foreign Labor in Norway - Requirements for Residence Permits?
The Magnus Legal
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2M ago
If you are going to hire foreign labor to work in Norway, it is important to know the requirements for a residence permit. The requirements you must meet depend on where the employee comes from. This blog provides an overview of the different policies ..read more
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Doing business in Norway? Here's what you need to know.
The Magnus Legal
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2M ago
Doing business in Norway can be an exciting venture, but it requires careful planning and adherence to Norwegian compliance. To ensure a smooth and successful start, we in Magnus Legal, a renowned business law firm in Norway, have created a brief overview on how comply with Norwegian compliance when doing business in Norway ..read more
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When is a safety representative required in a company?
The Magnus Legal
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2M ago
The answer to this question is that all companies must have a safety representative. In Norway, the general rule is that a safety representative must be elected in all companies. However, exceptions can be made for companies with fewer than five employees. In this blog, we provide a quick overview of what a safety representative is, who can be one, and which exceptions are made ..read more
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Revised National Budget 2024 - The most important changes
The Magnus Legal
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2M ago
Today at 10:45 AM, the proposal for the Revised National Budget was presented by Finance Minister Vedum. There were high expectations regarding potential tax changes that could be proposed, such as the "monster tax," changes in the rules for employee stock options and more. However, none of these have been included in the proposal for the revised budget ..read more
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What are the legal responsibilities of an employer in Norway?
The Magnus Legal
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2M ago
We often receive inquiries from foreign companies seeking to register as employers in Norway, regarding their obligations concerning Norwegian labor law and reporting requirements. These responsibilities are outlined across multiple laws and regulations, making it difficult to grasp the full scope. To assist you, we’ve compiled an overview of 16 key registrations and legal obligations that both new and existing employers must adhere to in Norway ..read more
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Does Norway's ban on staffing company hiring breach EEA law?
The Magnus Legal
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2M ago
As a result of the government's target to limit the scope and role of the staffing industry in Norway, there have been significant tightening of regulations in the staffing sector recently. In essence, the new changes narrow down the access to hire temporary labor from staffing companies, and all staffing companies must be approved to provide labor. Particularly, the construction industry has faced restrictions on their ability to use hired labor from staffing companies. A ban on hiring workers from staffing companies for construction work on building sites in Oslo, Akershus, Buskerud, Østfol ..read more
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