Are you thinking of starting a small business in Norway? If so, we have a thorough list of the best small business ideas and investment opportunities to start in Norway.
Norway is a Scandinavian country lying in Northern Europe. It is famous for its fjords, the midnight sun, and the northern lights.
Norway has a stable economy and a relatively low unemployment rate.
Every year, Norway ranks at the top of the best places to live on earth according to the United Nations Human Development Index.
Starting a business in Norway is an attractive option for foreign and domestic entrepreneurs.
The country has a strong economy and one of the highest standards of living in the world.
Norway has an open economy and encourages foreign direct investment.
There are many opportunities for entrepreneurs who want to start a business in Norway.
The best way to go about starting a small business in Norway would be to either buy an existing one or start from scratch.
Many companies are looking for new owners, so you should take advantage of this opportunity while it lasts!
According to multiple studies conducted over several years now, the Scandinavian nation is also home to the world’s happiest people.
If you are looking to start a business in Norway, there are lots of opportunities available to you, provided you can put in the right amount of work and dedication.
If you are thinking about starting a business in Norway, then you should consider these business ideas.
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1. Childcare service
Norway has the lowest birth rate in Europe, and this means that a significant number of Norwegian women are working outside their homes.
Thus, the need for affordable and quality childcare services is on the rise.
If you want to start a business in Norway, then one of your options is to go into childcare services.
You can start this business either part-time or full-time. You can convert a portion of your house into a daycare facility with adequate arrangements for toys, books, and other play items.
If you don’t have adequate space in your home, you can consider renting another suitable place and starting the activity there.
The best way to attract customers is to advertise in local newspapers, notice boards, and online sites.
You can also arrange for an open day once every six months so that interested customers can see the facilities you have.
Some of the things you would need to do before starting this type of business include writing a business plan and applying for a license from the appropriate government agency.
2. Taxi Service
Taxi services are in demand in Norway, and you can get in on the action by launching your own business.
While the rise of Uber and Lyft has made it something of a challenge to enter this market, there are still plenty of opportunities for independent cab drivers.
The key to success is to offer better service than your competitors, and that can mean lower prices or better customer service.
You can start this business with a single car and one driver. As your business grows, you can hire more drivers to meet demand.
Norway also requires taxi drivers to have a special license, so that’s something you’ll need before you can get started.
3. Open an Ice Cream Parlor
Norway may have a reputation for cold, snowy winters, but that doesn’t mean the summer months aren’t warm enough to enjoy some ice cream.
Opening an ice cream parlor is a way to make money during the warmer months and then close down for the winter when you’ll have time to pursue other projects or hobbies.
Get your business license and state tax identification number from your local government.
You may also need to purchase liability insurance and register with the state’s labor department if you plan on having employees.
If you need funding, apply for a small business loan.
The Small Business Administration offers loans and loan guarantees to small businesses that meet the requirements set by their lenders.
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4. Open a Cafeteria
Cafeterias are popular in Norway, where they are known as kafeteriaer. Opening a cafeteria is another great business idea in Norway.
A cafeteria business requires little or no initial startup capital to start up.
All you need to do is to identify a good location and get your inventory ready.
If you want to open a classy cafeteria, then you should consider opening it in the city center.
But if you want to open a streetside cafe where people can get their coffee and snacks as they pass by, then you can consider renting a shop along the roadside.
In addition to cooking, you will need to employ wait staff who know how to run a cafeteria line and serve customers efficiently.
Just like with the ice cream parlor, location is important when starting this type of small business in Norway.
5. Open a Grocery Store
Norway is a country with a very high standard of living. Norway has the world’s highest cost of living.
This is therefore one of the reasons why opening a grocery store in Norway is a very good business idea.
Some so many people will be willing to buy food in your grocery store, especially if you have quality products and make it easy for them to access your products.
Another reason why opening a grocery store in Norway is a good business idea is that you can have as many branches as you like.
After starting and making profits from your first branch, you can use the profits to start another branch and then another until you have branches all over the major cities in Norway.
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6. Tour Guide Service
Tourism is one of the most profitable sectors in Norway. It is a highly popular destination for tourists from all over the world.
Therefore, starting a tour guide service business in Norway is a profitable venture.
You can start your own tour guide service business or work as an independent tour guide.
You can either take up writing jobs or freelance for other companies that need professionals to write for them.
To succeed in this business, you should have excellent writing skills and knowledge of various subjects.
This is a great business opportunity, especially if you are bilingual and know two languages fluently.
7. Moving Business
Moving businesses are excellent small business ideas in Norway, as the nation has a large number of people moving in and out of the country.
Moving businesses offer services that make it easier for people to transport their belongings when they relocate.
In addition to moving facilities, you can also offer moving storage facilities to your customers.
This type of business is ideal for people who are looking for long-term profits.
With the help of this business, you can easily expand your company size.
The best part about starting a moving business is that you can start it with just a single-vehicle.
Your first investment will be one vehicle and a few packing materials. After achieving success in the first phase, you should consider investing in increasing your vehicle fleet.
8. Automobile Repair and Servicing
If you are looking to start a business in any of the major cities in the country, then you may want to consider starting a business that has to do with automobile repair and servicing.
This industry is likely to remain profitable because car owners have to get their vehicles repaired and serviced regularly.
As long as people continue to use cars daily, there will always be a need for automobile repair and service businesses.
This line of business is open to all and sundry. If you have the required expertise, then you can comfortably start this type of business in Norway.
Additionally, the automobile repair and servicing industry are also recession-proof; even in economic downturns, people still need their cars repaired, maintained, and serviced regularly.
9. Security Services
If you want to start a small business in Norway, security services might be an interesting option.
In Norway, the security industry is regulated by the Norwegian Police Directorate.
The private security industry includes such companies as security guards, alarm systems, armored transport, and locksmiths.
As there are no specific licensing requirements for starting a company in the security industry, this might be a good entry point for foreign entrepreneurs.
The demand for security services will likely increase in the future as public and private facilities expand and the overall population grows.
Security companies will likely benefit from this trend and the increased interest in safety and security.
10. Open a Gym Centre
Opening a gym center is indeed a profitable business venture to get into if you are looking to start a business in Norway.
They will always attract customers as long as they do the necessary.
You will have to invest in state-of-the-art gym equipment and hire the best trainers so that your clients get nothing short of excellence.
You also need to offer yoga classes or aerobics classes if those are not offered by any gyms near you.
One interesting thing about this type of business is that it doesn’t have to be a big-time investment.
If you are looking for ways to generate passive income from your investments, then considering opening a gym center might just be the best option for you.
11. Event Planning Business
If you are good at organizing, planning, and handling events, then you have what it takes to start up an event planning business.
It is a very lucrative business that requires little capital to start.
You can specialize in many areas, including corporate events or weddings, or go with a generalist approach.
You’ll need to know what type of event planning you want to do before starting your business.
You will also need to have some business skills as well as marketing skills, as you are going to have to drum up business and make sure that your clients are happy with all aspects of the process, from planning through implementation.
To start an event planning business, you’ll need a computer with good software for creating fliers and other materials, a printer, a fax machine, and a copier.
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12. Photography Business
If you love photography and you enjoy spending time with your camera, then starting a photography business could be the perfect idea for you to try.
It doesn’t matter if you are just starting out or if you are already a seasoned professional photographer.
There is always something new to learn and there will always be trends that you can follow.
It is also important that you stay up to date on all of the latest technology to get the most out of your business.
You should also make sure that you work hard and put a lot of effort into your job so that you can make it a success.
It’s not easy being a photographer, but it can be very rewarding. You can become known for your work, which could lead to other opportunities in the future.
If you want to get more involved with photography, then consider taking some classes at a local community college or even an online course on how to take better photos.
13. Open a Restaurant
Norway has a unique culture, and the Norwegian people are proud of it. Food is an important part of this culture.
Norway is known for its excellent seafood, with its long coastline. But there’s more to Norwegian cuisine than just fish and potatoes.
If you have an interest in food, have a talent for cooking, or just like being around people, opening a restaurant may be a small business idea for you.
Restaurants can be very rewarding as well as challenging businesses to run.
You can open up your restaurant, or, if you don’t have the budget to do that, you can open up a restaurant in partnership with someone else.
You can also open up a franchise of an established restaurant. The possibilities are endless!
14. Open a Seafood Mall
Norway’s unique offering of natural resources has helped the country become a leading producer of seafood the world over.
An inventive entrepreneur can use this opportunity to their advantage and open a seafood mall specializing in Norwegian fish.
A mall can source the fish directly from fishermen and then sell it to customers, either wholesale or retail.
While a large variety of seafood is available year-round, certain varieties are more popular than others, such as salmon, mackerel, cod, herring, and halibut.
If you’re looking for seasonal options, try lobsters, crabs, and mussels.
15. Launch an E-commerce Store
Selling your goods and services online is one of the most profitable ways to do business in Norway.
If you’re looking for a way to start a business in Norway, it’s never been easier than it is today with the eCommerce industry growing rapidly.
E-commerce allows you to leverage your knowledge and passion, reach new markets and grow your business without having to worry about the logistics of maintaining a physical store.
If you want to know how to start an online store in Norway, there are many options available.
But if you want to get started quickly and easily, we recommend using Shopify.
Shopify is one of the best online store builders out there and will help you launch your own eCommerce business in just a few minutes.
With Shopify, you don’t need any coding or design experience; just choose one of our beautiful templates, add products, and customize your store.
16. Become a Nutritionist
Many Norwegians are looking to improve their diet and nutrition habits. Norway is one of the healthiest countries in the world.
Becoming a nutritionist can be an excellent way to help people achieve their dietary goals as well as start their businesses.
The first step will be obtaining a university degree in nutrition, followed by an internship with an established nutritionist.
If you have experience in the field, you may be able to obtain a position at one of the many hospitals that hire staff nutritionists.
Once you have some experience under your belt, it’s time to start your practice or hire on with an existing small business looking for a nutritionist.
Some nutritionists specialize in health problems such as diabetes or heart disease, while others focus on sports performance or weight management.
Your choice will depend on your interests and strengths.
17. YouTube Channel
Starting a YouTube channel is one of the best small business ideas in Norway, and if you are in a market with a high potential for video views, it is one of the best small business ideas in the world.
To start, you will need a good camera and some basic editing skills.
If you have the budget, it would be best to hire an agency to create videos for you. In the long run, this could save you time and get you better results.
When your channel starts getting more views and subscribers, consider some of these options for monetizing your YouTube channel:
YouTube offers several ways for users to make money. The easiest way is with AdSense, which places ads on your videos automatically based on keywords and other factors that may be determined by ad buyers.
You can also seek out brands who will sponsor your videos if they relate to their products or services in some way. For example, if you make recipe videos, seek out brands that sell kitchen goods or ingredients.
If you have expertise in an area, consider selling digital products on your YouTube channels, such as ebooks or video courses.
18. Car Wash
Norway is known for its many cars and clean streets. This is a great opportunity for you to open a carwash here in Norway, as there are not many that offer this service to the public.
You should have no problem with competition in this area, as carwashes are one of the most popular small businesses in Norway.
You can start your carwash at home with only a few tools and equipment, such as buckets, towels, soap, and water.
You can also hire someone to do it for you if you don’t want to spend much time on the job.
The best part about starting your own car wash business is that it will only take up less than 5 hours per day of your time and you will have extra cash to spend later on when you get more customers.
19. Start a Blog
If you are not sure what kind of business to start, you can find plenty of blog ideas.
You can set up a blog about almost anything. It does not matter if you have expertise in the subject or if you have a passion for it. People will pay for your knowledge and experience.
To start a blog in Norway, you need to buy a domain name and a hosting account. If your business will be based on your name, we recommend choosing.no as your domain ending.
The.no country code top-level domain (ccTLD) is an extension that represents Norway.
If your product or service has nothing to do with Norway and will be marketed globally, you should get the.com extension.
You can register a new domain name with one of the registrars such as Namecheap, GoDaddy, 1and1, or any other domain provider that offers this service at an affordable price.
20. Invest in Real Estate
In Norway, you can invest in real estate by buying a property and renting it out to commercial or residential tenants.
If you manage the property yourself, you will be responsible for collecting rent, paying bills, maintaining the property, and making repairs.
If you use a management company to do this for you, expect to pay them a monthly fee of around 10 percent of the rent and a one-off charge at the start of the year of around 5 percent of the annual rent.
Many people opt for condominiums, as they are relatively easy to rent out and come with property management services included in the monthly condo fees. You can also buy apartments or houses to be rented out.
As with any investment, before you commit yourself, it is advisable to inform yourself about any tax consequences that may result from your investment.