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The most common form of business entity used by foreign companies is a private limited company (PLC).
 A PLC must be registered with the Register of Business Enterprises and the Central Co-ordinating Register for Legal Entities within three months of incorporation by filling:

- its memorandum and articles of association
- a standard completed form.
A VAT registration certificate is required if the foreign entity sells its products or services in
Norway.
Registration costs NOK6,000 (about US$1000) and takes approximately ten days for the Register
of Business Enterprises and two days for the Central Co-ordinating Register for Legal Entities.
If the foreign legal entity employs local employees, it must be registered as an employer with
the Registrar for Employees and Employers at no cost.

Share capital. The minimum share capital is NOK100,000 (about US$16,000). There is no
maximum. Non-cash consideration is permitted, but are subject to strict rules in relation to appreciation and
approval by an external auditor.
There are no restrictions on foreign shareholders, except in certain regulated industries .
 The board of directors must consist of at least three people, except where the share capital is less than NOK3 million (about US$500,000), in which case the board can comprise only one or two directors
supplemented by at least one deputy. The managing director or chief executive officer (CEO)
and at least half the members of the board must be Norwegian residents or EEA citizens resident
within the EEA. Exemptions may be granted. 

The Value Added Tax Act section 13 stipulates that VAT shall be calculated and paid on the sale of all goods and services, but there are several exceptions and exemptions from the duty to pay tax. They can be divided into two main groups.

The one group, exception from the liability to pay tax, comprises sales that fall completely outside the scope of the Act. Businesses that only have such sales, shall not be registered in the VAT Register, and they are not entitled to deduct input VAT. 

The other group, exemption from the liability to pay tax, comprises sales that fall within the scope of the Value Added Tax Act, but where the Act stipulates that output VAT shall not be calculated, the so-called zero rate.  A typical example of such sales is the sale of goods and services from Norway to abroad. The provisions of the Value Added Tax Act apply in full to such sales, including the rules concerning the deduction of input VAT. The Value Added Tax Act chapter 6 describe which sales are exempt.

VAT shall also be paid on withdrawals, for private use or for use in activities outside the VAT area, from businesses that are liable to pay tax.