ACCESS NORWAY

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SOLUTIONS FOR NORWAY

EMPLOYED

Retention (for a typical contractor)

  • 54% (±3%)*

Eligibility

  • All nationals

Features

    • An Access Financial Group company (the Employer), registered as a staffing agency in Norway, employs the contractor
    • The Employer runs a payroll and deducts the necessary tax and social security costs
    • The employer and employee social costs are part of the contract value

Benefits

    • Easy to implement
    • Various deductions and allowances reduce the contractor’s taxable income
    • Eligibility for unemployment benefits
    • Attractive to lenders
    • Access Financial will ensure all required registrations are done in Norway
    • Access Financial is expert in Norwegian tax and social security issues

Work Permits

    • With the cooperation of the Norwegian end client a work permit is possible

Registrations

    • Access Financial will ensure all required registrations are done in Norway
    • The contractor must register personally at the local police station

PERSONAL SERVICES COMPANY (PSC)

Retention (for a typical contractor)

  • 71% (±3%)*

Eligibility

  • EU/EEA nationals
  • Working period in Norway must be at least 6 months

Features

    • The PSC employs the contractor who acts as the sole director of his company
    • We ensure the compliance with foreign and local tax laws
    • The level of retention depends on the salary level, the tax claimable expenses, the length of stay in Norway, and whether the contractor is married or not
    • Contractors are assisted by Access Tax and Accounting Ltd (ATA), a firm of accountants, expert in Norwegian tax and social security
    • The contractor needs a bank account for his company

Benefits

    • The director of his own PSC pays less social security in Norway than does an employee
    • Flexibility in choosing own salary and possibility of holding simultaneous contracts
    • The PSC is a standalone solution
    • The PSC can be used in future projects and elsewhere
    • ATA does the accounting and prepares tax returns for the contractor and the PSC

Registrations

    • ATA will ensure all required registrations are done in Norway
    • The contractor must register personally at the local police station

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