The Competitive Ability of Norwegian AS (limited) Companies
Norway was one of the last countries in Europe to drop the requirement for an annual audit for all national limited companies (AS and ASA) regardless of the size or turnover of the company. In 2011 this requirement was lifted for small limiteds, i.e. companies with less than NOK 5,000,000 in turnover, fewer than 10 employees and a total value of assets less than NOK 20,000,000. Parent companies are still obliged to file annual accounts, regardless of size or activity. From 2012 the minimum share capital requirement will be relaxed. These two measures reduce the benefits of NUF's over small AS's.
Read more about this topic: Norskregistrert Utenlandsk Foretak
Famous quotes containing the words competitive, ability and/or companies:
“Developing the muscles of the soul demands no competitive spirit, no killer instinct, although it may erect pain barriers that the spiritual athlete must crash through.”
—Germaine Greer (b. 1939)
“It is undeniable that a woman’s ability to stretch and pursue her total competence outside the home and get paid what she’s worth for it makes for happier and more fulfilled women.”
—Kyle D. Pruett (20th century)
“In the U.S. for instance, the value of a homemaker’s productive work has been imputed mostly when she was maimed or killed and insurance companies and/or the courts had to calculate the amount to pay her family in damages. Even at that, the rates were mostly pink collar and the big number was attributed to the husband’s pain and suffering.”
—Gloria Steinem (20th century)