Workforce Payments Guide Norway

Last updated: Dec 31, 2023

Norwegian Krone (NOK)
Payroll Frequency
Bi-Monthly / Monthly
Fiscal Year
1 January - 31 December
Employer Taxes
Employee Costs
Central Bank
Norges Bank
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3rd Party Payments

Authority  Payment Frequency  Due Date  Payment Method 
Withholding Tax – Skatteetaten  After the second month  15th of the second month; Jan/Feb paid March 15th  International Wire 
Social Security – arbeidsgiveravgift  After the second month  15th of the second month; Jan/Feb paid March 15th  International Wire 

Payments are due on the following month of the second period, for example; Jan/Feb is paid on March 15th, March/April is paid on 15th May etc.

When sending salary payments within the EUR SEPA region, it is a requirement to add the purpose code of SALA with the payment, to ensure it is classified as a salary payment.

Payments Coverage

Papaya Global fully supports workforce payments in Norway.

Contractor Payments

Papaya Global supports payments to contractors in Norway. The payout currency may vary based on the receiver bank account setup when receiving foreign currencies. Contractors are advised to reach out to their bank to confirm how foreign currencies are handled.

Payroll Frequency

Bi-Monthly / Monthly


The KYC (Know Your Customer) process in Norway involves several steps, which include collecting details about the customer’s identity. For an individual, this could be confirmed through valid identification such as passport, driver’s license, national ID cards issued by an EEA country, BankID, or a bank card with a photo. For a corporate entity, valid identification could be a printout from the Unit Register not older than 3 months, company certificate not older than 3 months, or printout from other public registers.

The reporting entities are required to obtain information about the customer’s purpose and intended nature of the business relationship to assess the risk of money laundering and terrorist financing. If a customer has a high risk, enhanced customer measures must be implemented. These entities must store customer information and KYC documents for 5 years after the customer relationship ended or the transaction was completed.

In Norway, KYC is also facilitated by AI technology which has improved the speed and accuracy of identity checks, automated procedures, and enhanced fraud detection. This technology is used across various industries like Healthcare, Fintech, Financial Services, Gaming, and Cryptocurrencies for secure and compliant business operations.

The KYC process also involves continuous screening of users against global sanctions, watchlists, PEPs, and unwanted media to ensure full compliance. The process includes identification checks, lifetime checks, video interviews, and blacklist screening of over 1m+ fraudsters to uncover potential fraudulent activity. The system can process over 14,000+ types of documents issued in 220+ countries and territories.

Furthermore, the largest Nordic banks have set up a platform called Invidem to manage KYC information and requests in a standardized manner. This platform gathers KYC data from third-party vendors, verifies it, packages it, and sells it to banks. This model, known as a KYC utility, is intended to reduce the complexity and effort required to meet bank requirements.

In sectors like banks, gaming companies, and insurance companies, they are required to comply with the Money Laundering Act and therefore strive for customer awareness. They achieve this by establishing a flow of checks and knowing what characterizes deviations to prevent financial fraud or money laundering.

A KYC system can be utilized, which helps in collecting as much relevant information about a customer as possible, conducting a risk assessment, and keeping track of regulations. Several KYC systems are available in the Norwegian market, which are designed to help KYC analysts effectively investigate both new and existing customers.

Banking Regulations

Cross-border workforce payments in Norway are influenced by several factors. Here are some key points:

Available Payment Types: Norway offers a variety of payment types including credit transfers with or without advice, salary and pension payments, money orders, intercompany payments, and cross-border payments.

Cross-Border Payments: Norway, though not an EU member state, is a member of the SEPA zone. Bank transfers to and from any of the other 35 SEPA countries take as long and cost just the same as a domestic money transfer, as long as the transfer is made in euros and not a local currency.

Intercompany Payments: The Nordea Intercompany Payment is a cross-border payment between companies belonging to the same group and holding accounts with Nordea. The payment is unique as it enables you to move funds in Nordea currencies between your own accounts across borders with same day value.

Governmental Reporting: For cross-border/cross-currency payments, there are certain governmental reporting requirements. These requirements typically involve providing information about the sender and receiver of the payment, the purpose of the payment, and the amount. They are designed to prevent money laundering, fraud, and other illegal activities.

Bank Account Opening

To open a company bank account in Norway, the requirements include:

  • A Norwegian National Identity Number or a D-Number. If you’re planning to be in Norway for up to six months, you can get a D-Number. If you’re staying in Norway longer than six months, you’ll need a Norwegian National Identity Number (ID-Number).
  • Proof of identity, usually a passport, and a passport-sized photo.
  • An employment/work contract (if applicable).
  • A lease/rental contract or proof of your address.
  • A founding document with articles of association describing who the founders of the company are, the distribution of shares and their value. These documents must be signed electronically by everyone involved.
  • Registration of the company with Altinn using the Samordnet registermelding (coordinated register notification).
  • Transfer the share capital, which must be a minimum of NOK 30,000 and a maximum of NOK 1 million. For a higher share capital, confirmation from an accountant, auditor, or lawyer is required.
  • In certain cases, a letter of recommendation from a bank in your home country may be needed.
  • You may also need a BankID to open an account online.

If you’re a foreign entrepreneur, the entire process, when done efficiently, takes around 3 weeks. However, with the necessary paperwork, the total time taken could be around 4-8 weeks. The process can take up to two weeks to receive the D-Number or National Identity Number. Once these are received, you can open an account instantly by visiting a branch or online with Bank ID.

International Banks

In Norway, the major foreign banks are:

  • Danske Bank
  • Bank Norwegian (part of the Swedish-owned Nordax Bank)
  • Nordea Bank (first launched in Denmark)
  • Handelsbanken
  • Sbanken (founded as a branch of the Swedish-owned Skandiabanken)
  • Santander Consumer Bank AS

Major Local Banks

  • Bank Norwegian
  • Nordea Bank
  • Handelsbanken
  • SpareBank 1 SR-Bank
  • Sparebank 1 Ostlandet
  • Storebrand Bank
  • Sbanken
  • Santander Consumer Bank AS

Payment Tools

The B2C payment tools available in Norway include:

  • Card payments (debit and credit)
  • Vipps (a mobile payment app)
  • Bank transfers via apps like Trustly, Nordea, BankAxept, and Open banking solutions
  • Klarna, ViaBill, and AfterPay (consumer credit solutions)
  • PayPal
  • VISA, MasterCard, and American Express
  • Apple Pay


In Norway, it is possible to pay employees with cryptocurrencies. However, there are specific regulations to be followed. Cryptocurrencies are not considered ordinary currency as they are not issued or guaranteed by a national bank, but they are treated as virtual currencies under general tax regulations for assets by the Norwegian Tax Administration, Skatteetaten.

The income generated from cryptocurrency transactions, including paying employees, is subject to taxation. The Skatteetaten has set guidelines on how different crypto-related activities and transactions are taxed, including wealth tax, capital gains tax, and income tax.

Additionally, providers of exchange services and custodian wallet providers of virtual currencies must register with the Financial Supervisory Authority of Norway (FSAN).

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