June 09, 2025
The Register of Beneficial Owners is a public system designed to identify individuals who have control over companies. This includes not only formal owners but also those with indirect influence or voting rights.
A beneficial owner is a person who:
The regulations came into force on October 1, 2024. Existing companies must register their beneficial owners by July 31, 2025. New businesses have 14 days from the date of registration or from any change in ownership structure to submit this information.
Registration is done via the Altinn platform. A responsible individual (such as a board member or authorized accountant) must log in using BankID or another approved ID and complete the form RRH-0100.
This new register is not just a legal formality. It helps build trust in the market, simplifies collaboration with banks and partners, and shows commitment to compliance. Businesses that meet these requirements strengthen their reputation and competitive position.
Novum offers full support with the registration process. We can advise, prepare the necessary forms, and represent your company before Norwegian authorities.
📞 +47 466 348 71
📧 office@novum.no
📞 +47 466 34 825
📧 anna.korpalska@novum.no
Norway has introduced a national registry of beneficial owners (reelle rettighetshavere) in line with international transparency standards. From autumn 2024, businesses and organizations operating in the Norwegian market must report individuals who have actual influence over their operations.
What Is the Obligation About?
The Register of Beneficial Owners is a public system designed to identify individuals who have control over companies. This includes not only formal owners but also those with indirect influence or voting rights.
The new regulations apply to:
- limited liability companies (AS, ASA),
- foundations, associations, and non-profit organizations,
- housing cooperatives,
- Norwegian branches of foreign companies (NUF).
Sole proprietorships (ENK) and listed companies are exempt, as they are already subject to separate transparency regulations.
Who Qualifies as a Beneficial Owner?
A beneficial owner is a person who:
- directly or indirectly owns at least 25% of the shares or voting rights,
- has the right to appoint or remove board members,
- exercises other forms of control over business decisions.
If a company cannot identify such a person, it must document the steps taken to determine this.
Deadlines and Penalties
The regulations came into force on October 1, 2024. Existing companies must register their beneficial owners by July 31, 2025. New businesses have 14 days from the date of registration or from any change in ownership structure to submit this information.
Failure to register or providing false information may result in administrative fines.
How to Register
Registration is done via the Altinn platform. A responsible individual (such as a board member or authorized accountant) must log in using BankID or another approved ID and complete the form RRH-0100.
Transparency as a Trust Investment
This new register is not just a legal formality. It helps build trust in the market, simplifies collaboration with banks and partners, and shows commitment to compliance. Businesses that meet these requirements strengthen their reputation and competitive position.
Need Help?
Novum offers full support with the registration process. We can advise, prepare the necessary forms, and represent your company before Norwegian authorities.
📞 +47 466 348 71
📧 office@novum.no
📞 +47 466 34 825
📧 anna.korpalska@novum.no
Summary
The Register of Beneficial Owners is a mandatory system aimed at improving business transparency in Norway. All covered entities must register individuals who have real control over the company. Registration is straightforward through the Altinn portal, but accuracy is key. With Novum’s expert assistance, you can be confident your company remains compliant and prepared for future requirements.
Author: Anna Korpalska
Graphics: Canva
The Register of Beneficial Owners is a mandatory system aimed at improving business transparency in Norway. All covered entities must register individuals who have real control over the company. Registration is straightforward through the Altinn portal, but accuracy is key. With Novum’s expert assistance, you can be confident your company remains compliant and prepared for future requirements.
Graphics: Canva
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