Doing business in Norway
Norwegian business life means a flat structure and little hierarchy. Even though Norway is not a member of the EU, we have a working agreement with the organisation.
Employees are often included in making decisions. They are allowed to speak up and contribute under normal circumstances. Remember to involve people when making decisions and see yourself as among equals. It helps to see the flat structure and openness in Norway as a tool for achieving results, and not a threat.
Most businesses in Norway operate under a flat structure. Photo: Morten Wanvik/Vestland County Council
Cooperation is highly valued. The basis for the “Norwegian model” is the cooperation between the government, the employer federations, and the employee organisations. At the company level, cooperation between employers and employees, as well as between managers and subordinates, is vital.
Gender equality is important in Norway, and women doing business in Norway will receive the same treatment as men.
Here are some key elements of Norwegian business culture:
- Flat structures and little hierarchy
- Quick and informal communication
- Focus on cooperation
- Trust among people
- Empowered employees
- Balance between work and private life
- Gender equality
- Risk willingness
Norway’s relationship with the European Union
The Agreement on the European Economic Area (EEA) forms the cornerstone of relations between Norway and the EU.
The agreement brings the 28 EU member states, along with European Free Trade Association (EFTA) members – Norway, Iceland and Liechtenstein, together in an internal market governed by a shared set of rules.
This means that goods, services, capital and people can move between Norway and EU countries with very few restrictions.
There are equal conditions for businesses, through level playing fields in competitive bidding, state aid, and government procurement across EU and EEA countries. Companies can also expect to encounter similar regulations, for instance around packaging, labelling and product standards.
In short, Norway has the same rights and obligations as other EU countries when it comes to:
- Trade
- Investments
- Banking
- Insurance
- Buying and selling services
For more information, law firm DLA Piper published “White Paper on Norway’s Relationship to the European Union (pdf)”, outlining how Norway engages in trade and commerce with the EU.
Do you need more information? Don’t hesitate to contact us.