Setting up in a new country comes with many unfamiliar rules, requirements, and expectations. If you’re moving to or starting a business in Norway, it’s essential to understand what compliance means – and why it’s crucial for a successful start.
What Does Compliance Mean?
Compliance simply means following the laws, regulations, and internal policies that apply to you or your business. This includes:
- Norwegian national laws and regulations
- Tax and VAT rules
- Employment law and workplace safety
- Accounting and financial reporting
- Data protection and privacy (such as GDPR)
- Any specific industry or licensing requirements
In short, compliance is about doing things the right way – legally and ethically.
Why is Compliance Important?
If you’re new to Norway, whether as an individual or business owner, good compliance practices offer several key benefits:
Avoid legal issues
Failing to comply with regulations can lead to fines, penalties, or legal action. Strong compliance reduces that risk significantly.
Build trust
Authorities, customers, and partners expect transparency and responsibility. Showing that you comply with the rules builds credibility and professionalism.
Create a sustainable business
Knowing and following the rules gives you a solid foundation for long-term success and growth.
Understand the Norwegian system
Compliance is not just about avoiding mistakes – it’s about understanding how things work in Norway and making informed decisions from the start.
How Can We Help?
We understand that Norwegian laws and systems can be complex – especially when they’re new to you. That’s why we offer thematic guides and resources on topics related to establishing yourself in Norway. Our goal is to give you the knowledge you need to stay compliant from day one.