The Norwegian authorities have announced that now it will be easier for entrepreneurs and other self-employed persons from outside the European Economic Area (EEA) to live and run their own business in Norway.
This is because the Ministry of Labor and Social Affairs amended the country’s immigration rules back on September 9 and decided to simplify the application process for this category of workers who wish to obtain a residence permit, SchengenVisaInfo.com reports.
“We need more entrepreneurs who have good ideas and who have the courage to put the ideas into practice. Therefore, the government has changed the immigration regulations so that it will be easier for foreign talents and entrepreneurs from all over the world to settle here,” the Norwegian Minister of Trade and Industry, Iselin Nybø, said.
According to a press release that was issued yesterday, October 13, by the Norwegian Ministry of Trade and Industry, the changes mean that the country municipalities will no longer have to provide a statement regarding the financial basis for the operation of business or company.
In addition, the new rules further regulate that if an applicant receives financial support from the Norwegian public institutions, such as Innovation Norway, the authorities will take this into consideration when reviewing the residence permit application.
Even though the country has decided to simplify the application rules, it has been highlighted that all foreigners from countries outside the EEA who come to Norway must still be able to support themselves.
Despite the fact that Norway now offers more simplified rules for those who want to start a business in the country, the authorities have emphasised that the time for a newly established business to provide sufficient income varies from industry to industry and on the type of business.
“The immigration authorities must therefore consider specifically in the individual case, to what extent and for how long grant funds are to be included in the assessment of the financial basis for the operation of the business,” the Ministry of Labor said.
Previously, the Norwegian authorities announced that seasonal workers who can’t return to their home countries due to the COVID-19 restrictions will have their residence permits extended until the end of the year.
This means that everyone will be able to stay in Norway legally until they can safely return back home. Such a decision has been seen as highly beneficial for the green industry and agriculture since the country needed more seasonal workers.