Norway does offer citizenship to people who have some investment gains that will bring to the financial state of Norway. The Norway citizenship by investment scheme was created to attract investors, the program aims at overseas businesspeople interested in relocating to Norway and making important contributions to the economy in exchange for permanent residency followed by citizenship.
The Norway investment visa is one of the most suitable programs under which the category of immigrants can successfully enter and relocate to Norway. The main conditions under which a foreign citizen can obtain Norway citizenship by investment are the following:
To be eligible for a Norway investor visa, you have to fulfill a few requirements. The first one is that you must be eligible to enter Norway. You must have a valid passport from the country you live in. Also, you must not be involved in:
Apart from the initial investment fund, you must have enough money to cover your expenses in Norway. Financial independence is a must, if your family is traveling with you, you must be able to support them as well.
The investment through the Norway investor visa must create jobs. It must make a considerable contribution to the Norwegian economy, you could invest in:
Criteria for Citizenship by Investment
Citizenship by investment in Norway is not complicated and requires the preparation of various documents that must be filed with the Immigration Directorate.
Step 1: Collect the required documents for your application – First ensure that you have all your documents ready and make some copies of all your documents to ensure that you at least have backups if you lose something.
Step 2: Print, Complete and Sign the Checklist – Before starting the application process, you have to complete the checklist. Ensure that you print it out, complete it, and sign it afterward.
Step 3: Complete the Online Application Form – As soon as you have completed your online application form, you will have to make the payment through a secure portal before submitting it.
Step 4: Schedule a Visa Appointment – After submitting your application through Norway’s online visa portal, you will likely be asked to schedule an appointment.
Step 5: Attend your Visa Appointment – You will need to attend your visa appointment. This will be a short in-person interview with one of the Norway consulate/embassy officials.
Step 6: Wait for your Visa to be processed – The processing time will be about 15 calendar days. Once your visa has been processed, authorities will notify you via email, SMS, or phone call (depending on the contact method you selected.
Step 7: Collect your Norway Visa – You will receive a confirmation that your visa has been processed and approved.
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Privacy World can also help you with incorporating your company in Norway, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Yes, the Norwegian government now allows dual citizenship. This means if you apply to become a Norwegian citizen, you do not have to renounce your current citizenship.
You must have stayed in Norway for at least three or five years during the last ten years and have held a residence permit that was each valid for at least one year.
Yes, a Norwegian proficiency test.
Any nationalities can apply for permanent residency in order to live and work in Norway, except for citizens in Nordic countries because the Norwegian Nationality Act 1950 allows any Nordic citizen who has been living legally in Norway for at least two years and can understand Norwegian to become a citizen upon application.
You must have lived in Norway for at least seven out of the last ten years to apply for Norway citizenship. This means that during the last ten years you must not have been out of the country for two months per year and if you add up all the time you lived in Norway, it has to total at least seven years.
A tax resident in Norway is liable to tax on their worldwide income and wealth.
A non-resident of Norway is a person who does not fulfill the residency requirements, and who will be tax liable to Norway for income derived directly or indirectly from Norwegian sources.
Yes, Norway levies up to 1.1% net wealth tax on a person’s global net worth/wealth.
Since 2014, there has been no inheritance tax in Norway. However, you should normally report an inheritance to the Norwegian tax administration.