Taxation in Norway - Shipping In Norway

Throughout its history Norway has been dependent on the sea and on shipping. For nearly a century and a half, it has been one of the world's leading shipping nations. As well as running their own fleets, Norwegian ship owners are increasingly taking on the management of others' vessels.

The establishment of the Norwegian International Ship Register (NIS) and the introduction of a comfortable tax climate for foreign ship owners, has contributed to the expansion of the country's maritime community as a whole. Among the members of this community are some of the world's largest shipbroking firms; highly experienced banks and finance houses; a marine insurance market second only to London in size, with institutions specialising in maritime research and development; ships' gear manufacturers; and the Norske Veritas, the ship, industrial and offshore classification society.