Beneficial owners in Norwegian registered foreign businesses (NUF)
Last updated: 17 February 2026.
Only NUFs that are registered in the Register of Business Enterprises, that is, those doing business activities in Norway, who must register whether they do or do not have any beneficial owners.
Check if your business must register beneficial owners. The answer you receive only tells you whether the business is required to register – not whether any information has already been registered.
Worth knowing prior to the registration:
If the foreign main company is domiciled in an EEA country, and has its beneficial owners registered in an equivalent register there, it is sufficient to confirm this in the form.
For Norwegian‑registered foreign enterprises that are required to register, and whose parent company is located outside an EEA state – for instance the United Kingdom or Switzerland, the form must be completed in the usual way.
A beneficial owner is a Norwegian or foreign person who meets one or more of these criteria:
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owns more than 25 percent of the business
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controls more than 25 percent of the voting rights in the business
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has the right to appoint or remove more than half of the board members in the business
Example: In accordance with the agreement/articles of association, certain share classes may provide the right to elect a given number of the company’s board members
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influence/control in another way
Example: Rights to decide or veto, or situations where the person’s recommendation is followed consistently by the majority shareholders or owners
A person is a beneficial owner on a direct basis, indirect basis or through an agreement/contract.
When there is no business between the person and the business subject to registration, the person is a beneficial owner on a direct basis.
Example:
When a person controls a sufficient share of a business (for instance a holding company) which in turn has sufficient control of the business obliged to register its beneficial owners, that person is a beneficial owner on an indirect basis.
To be a beneficial owner, a person must indirectly control more than 25% at the first level, and then hold direct or indirect control of 50% or more at each subsequent level.
At the first level, the following rules apply:
- ownership more than 25 percent
- voting rights more than 25 percent
- the right to appoint or remove more than half of the board
- influence/control in another way
At all the other levels below apply:
- voting rights 50 percent or more
- the right to appoint or remove at least half of the board
Businesses that are between the business subject to registration and the beneficial owners are called intermediate businesses.
All intermediate businesses between the business that must register and the beneficial owner must be registered.
A person can be a beneficial owner on an indirect basis in three different ways:
Most of the beneficial owners will be identified in the business’ documents, such as the memorandum and articles of association, the share register and shareholder agreements. Generally speaking, the information here will be sufficient to identify the beneficial owners.
The board is responsible for keeping information about the beneficial owners of the business.
- full name
- national identity number or d-number
If a beneficial owner does not have a national identity number or d-number, you must state the date of birth - country of residence
- all citizenships
- organisation number – where the basis is indirect
For individuals with a national identity number or d-number, several personal details will be retrieved from the National Population Register. For these individuals, you only need to enter the national identity number and surname.
You must also state whether the person is a beneficial owner due to ownership, voting rights, the right to appoint or remove board members, or any other form of control or influence.
You must also register whether the control is direct, indirect or exercised through agreements.