Establishment of finance companies
A license is required to operate as a finance company in Norway. A license to operate as a finance company may include leasing, factoring, foreign exchange activities and other financing activities.
Financial Supervisory Authority of Norway - Finance company license (in Norwegian only)
About this form
Everyone who wishes to establish a finance company.
Among other things, an application for a License to establish and operate as a finance company must include the company's articles of association and an organisation plan and plan of operations for the first three years of operation. The specific requirements for the application are stipulated in Chapter 3 of the Financial Institutions Act.
Among other things, the granting of a license requires the finance company to be founded with an amount which in Norwegian kroner corresponds to a minimum of EUR 5 million in total start-up capital. However, the amount of start-up capital must be in proportion to the planned activities.
Right to appeal
Applicants have a right to appeal under Section 28 of the Public Administration Act.
