Doing Business in Norway

November 09, 2017

Norway is located on the western side of the Scandinavian Peninsula. It is bordered by Sweden to the east and Finland and Russia to the northeast. There are approximately five million people in Norway, representing 0.07% of the total world population. Norwegians follow a constitutional monarchy and King Harald V is the current reigning monarch.

 

Doing business in Norway requires a thorough understanding of the country's culture, laws, economy and language, which I will discuss in this blog.

Language

 

doing business in norway 2

The Norwegian language is very similar to Swedish and Danish. Mastering the Norwegian language will make it easier to understand Swedish and Danish. Around 95% of the population speaks Norwegian as their first language.

 

Norwegian has two official written forms: Bokmål and Nynorsk. The majority of the people in Norway use Bokmål, while Nynorsk is widely used in the northwestern and southern parts of Norway. Both forms have the same legal recognition, but Bokmål is more common.

Business Culture

 

Norway is one of the least hierarchical business cultures, which is driven from a strong belief in egalitarianism. The country promotes a casual, yet professional work environment.

 

The following are some professional ethics followed and appreciated by Norwegians regarding business communication, meetings and relationships:

 

  • Most Norwegians use first names in business settings and an informal dress code.

  • Norwegians appreciate punctuality and any possible delay should be communicated in advance.

  • Meetings in Norway start on time and people usually address points of business quickly.

  • Business relationships are based on respect for competence and diligence.

  • The business greeting in Norway is a firm handshake with a gentle smile.

  • Both genders are equal. Women doing business in Norway receive the same treatment as men.

Economy

 

The country's economy is based on international trade. Norway exports goods to Sweden, Germany, the U.K., the Netherlands, France and the U.S. The country also became a large exporter of oil and natural gas after the discovery of oil in the North Sea in the 1970s.

Business Laws and Regulations

 

Norway is one of the world's least corrupt countries. It protects private property rights and commercial contracts are enforced. The country applies a transparent regulatory framework, which encourages entrepreneurial activity and innovation.

 

For companies wanting to do business in Norway, they must register their business in the Central Coordinating Register for Legal Entities.

Future Outlook

 

Due to the country's geographical position, abundant oil resources, high standard of living, excellent education and high quality public health services, Norway is a sought after country for doing business.

Further Cultural Resources from GPI


You may gain further insight into country specific cultural facts and related topics by reviewing some previous blogs written by GPI:

 

 

Please feel free to contact GPI at info@globalizationpartners.com with any questions about our translation services.  Also let us know if you have any interesting blog topics you would like us to cover in future blogs.

 

Sources:


https://www.worldbusinessculture.com/country-profiles/norway/

http://www.worldometers.info/world-population/norway-population/

http://www.kwintessential.co.uk/resources/guides/guide-to-norway-etiquette-customs-culture-business/

http://www.kwintessential.co.uk/resources/guides/guide-to-norway-etiquette-customs-culture-business/

https://en.wikipedia.org/wiki/Norway

https://www.worldbusinessculture.com/country-profiles/norway/top-tips/

https://www.omniglot.com/writing/norwegian.htm

http://www.heritage.org/index/country/norway

Category:
Culture Curation
Tags:
Norway

Should You Consider Bing For Your Global SEO Plan?News: China's Luxury Consumers

Comments

Currently, there are no comments. Be the first to post one!

Add a comment

Only comments with valid email addresses will be posted. Thanks!

Contact Us FREE Globalization eBooks Request Demo Request Quote


Mai Farouk Mohamed Nour (Mai Nour) is a native Arabic speaker who lives in Cairo, Egypt. She is a senior copywriter, translator and reviewer with great passion for translation and creative writing in English and Arabic. Mai obtained her B.A. degree in English Language and Literature from Faculty of Alsun, Ain Shams University. She has a well-rounded experience exceeding nine years in copywriting and translation working with various companies throughout the Middle East. Her primary translation and writing focus has been on the subjects of legal, technical, hospitality, localization and general marketing, and has significant experience translating legal and marketing projects and HR and literary books. For her, translation is more than a career, it is a mission. When Mai is not working she enjoys traveling, reading, coloring, and going to the movies.