Norway (NO)

Jurisdiction Overview

IDQuestionAnswer
204 *Are Trusts available? ONLY FOREIGN: Foreign law trusts can be administered, but no domestic trust law.
 Data Date: 2019

Notes

 
"Norwegian law does not recognise the legal concept of a trust.[...] There are, nevertheless, no obstacles for a Norwegian citizen to be a trustee of a foreign trust. Norway has taken no action to implement regulations on this matter" (GF 2011: 36). This is confirmed by the Beneficial Ownership Register Act (Beneficial Ownership Register Act, Section 4.3).

Sources

GF 2011: 36; GF 2017: 49
 
Beneficial Ownership Register Act, Section 4.3.
 
https://web.archive.org/web/20191204203050/https://www.regjeringen.no/no/dokumenter/prop.-109-l-20172018/id2604993/#
 
https://paymentscompliance.com/premium-content/research_report/norway-adoption-beneficial-ownership-register-act