- country
- Norway
- incentives
- Svalbard is governed by a separate Svalbard tax regime and is outside the Norwegian VAT area (no VAT; goods/services sold to the mainland over NOK 50,000 may become VAT-liable). Personal income tax on salary is withheld at a low rate of 8% (income up to 12x the National Insurance basic amount) and a high rate of 22% above that; national insurance contribution on salary is 7.6% (pension-related 5.1%). No wealth tax. Sole proprietorships staying more than 30 consecutive days, and limited companies with an office on and managed from Svalbard, are taxed under the Svalbard regime; a company is required to have a local office and local management to be taxed on Svalbard. NOTE: Norway has no conventional free-trade / export-processing zones; Svalbard is a treaty-based low-tax area, not a startup-specific SEZ.
- zone type
- special_low_tax_jurisdiction