Norway (NO)

Jurisdiction Overview

206 *Is any formal registration required at all? FOREIGN, BUT NO DOMESTIC: Domestic law trusts cannot be created and foreign law trusts domestically managed have to register.
 Data Date: 2019


The Beneficial Ownership Register Act adopted in February 2019 requires the registration of foreign trusts and similar arrangements (Chapter 1, Article 2(2)).
Also, the Global Forum reported in 2017: "The Norwegian Ministry of Finance has proposed establishing an authorisation and supervisory regime for trust and company service providers. The proposal will encompass all professional trustees that are resident in Norway. The FSA is proposed to be tasked with the supervision. Tax obligations are appropriately supervised to ensure availability of the required information in practice." (GF 2017: 51).


GF 2017: 51
Beneficial Ownership Register Act