Norskregistrert Utenlandsk Foretak - The Process of Incorporation

The Process of Incorporation

When a NUF is registered, the branch itself is given a nine-digit Norwegian company number, in a similar manner as a regular Norwegian company – and a pseudo certificate of incorporation is issued by the Norwegian Register of Business Enterprises, showing the Norwegian board of directors (if any), any power of procuration, position or attorney, and similar basic information. However, the NUF remains a branch and not a legal entity separate from the foreign company. It is de facto the foreign company itself, operating in Norway under a separate company number.

A NUF may register and operate under any company name, subject to the same guidelines for company name approval as a regular Norwegian company. However, if the name of the Norwegian branch differs from the foreign company, it may not use any terms that describe the form of company (such as "Ltd", "S.A.", "AS", "AB" etc.). Hence a foreign company called Roundtable Ltd may be Roundtable Ltd in Norway, or Roundtable or Somethingdifferent but not Somethingdifferent Ltd.

Any type of company from any independent country recognized by Norway, may register a branch in Norway. In practice, though, the dominant type of companies setting up NUFs during the last few years, has been British private limited companies.

Read more about this topic:  Norskregistrert Utenlandsk Foretak

Famous quotes containing the word process:

    The invention of photography provided a radically new picture-making process—a process based not on synthesis but on selection. The difference was a basic one. Paintings were made—constructed from a storehouse of traditional schemes and skills and attitudes—but photographs, as the man on the street put, were taken.
    Jean Szarkowski (b. 1925)