Your Business Account in Norway 🇳🇴

Q: What do I need to open a business bank account in Norway?

To open a business bank account in Norway, you typically need to provide the following documents: company registration documents, identification documents of company directors and authorized signatories, proof of address for the business, tax identification numbers, business plan, financial statements, and any additional documents required by the chosen bank. Requirements may vary, so consult with the specific bank for precise details.

Q: How hard is it to open a business account in Norway?

Opening a business bank account in Norway can vary in difficulty depending on factors such as the chosen bank and the specific requirements. It is recommended to consult with the selected bank for detailed information and guidance on the account opening process.

Q: Can a foreigner open a business bank account in Norway?

Yes, foreigners can open a business bank account in Norway but the process is quite challenging. Traditional banks are reluctant to cooperate with foreign clients and have complex KYC checks which make the account opening process a hassle.

Q: How long does it take to open a business account in Norway?

The time to open a business account in Norway can vary, but it typically takes a few weeks to a couple of months. The duration depends on factors like the chosen bank, the complexity of your business structure, and the completeness of required documentation.

Open a business account to operate in Norway with or without local presence. Get multicurrency IBAN to manage NOK, EUR, USD, GBP, and other currencies with ease.

Open account

A single solution to bank overseas

Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.

Within Norway 🇳🇴

Account details:

IBAN (EU & global)

Currencies:

NOK

Supported payment networks:

SWIFT, Direct Entry*

Delivery time:

0-1 business day

*Available upon request on a case by case basis

The rest of the world 🌍

Account details:

IBAN (EU & global)

Account number & Sort code (UK)

Account & Routing numbers (US)

Currencies:

EUR, GBP, USD & 70+ currencies

Supported payment networks:

SWIFT, SEPA, SEPA Instant, Faster Payments, ACH, Fedwire, 10+ local networks

Delivery time:

0-2 business days

Reliable & transparent banking, designed for international business

Worldwide transactions

Transact in 70+ currencies across 200 countries and regions. Get your own dedicated IBAN and local UK, EU & US accounts. Make fast multi-currency payments globally via SWIFT or local payment networks.

Wholesale FX rates

Perform live FX and move money between your own accounts with ease. MultiPass gives you access to wholesale exchange rates that guarantee significant savings versus traditional banks.

Business cards

Handle your daily corporate expenses easily with your own virtual and plastic payment cards. Order and manage your cards 100% online from your MultiPass business account.

Dedicated support

No bots or automated replies!
A dedicated banking expert that understands your business nature with help you out with any questions and ensure smooth delivery or your payments.

Digital onboarding

Onboard and manage your account entirely online, wherever you are. Our team will guide you through the onboarding so that you can be up and running within days, not weeks.

Trusted service

MultiPass is a UK-based FCA-authorised EMI. MultiPass is part of the Dyninno Group, an international holding with over 20 years of experience in the global market.

How to send money to Norway 🇳🇴 with MultiPass

Convert your currency to NOK

Save on FX vs traditional banks

Choose recipient in Norway

Make a payment to their IBAN

From 0 GBP per payment

Your beneficiary receives the exact amount, with no hidden FX charges along the way

Pricing

Account opening

from 500 GBP

Account maintenance

from 100 GBP/month

IBAN + local UK, US details issuing

Free

Please note that pricing may vary from case to case. For more information, visit the pricing page.

Get paid in the currency your clients are used to

Free, subject to FX

Share your multi-currency account details with your customers in Norway, allowing them to pay you in NOK.

Pay overseas staff cheaper & easier

Free, subject to FX

Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.