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Average yearly wage: €50.000 (600.000 NOK)
Average retirement age: 67
Average weekly working hours: 37.5 hours
Currency: Norwegian Krone (NOK)
Managing your finances in Norway
Moving to Norway as an expat can be an exciting and transformative experience. Known for its stunning natural beauty, progressive society, and high standard of living, Norway offers a unique and enriching lifestyle. However, navigating the Norwegian financial landscape as a newcomer may present certain challenges.
At GPI Europe, we understand these challenges and are here to provide expert guidance in managing your finances effectively. Whether you’re planning to work, study, or settle in Norway, having a well-structured financial plan is essential to make the most of your time in this remarkable country.
As an expat in Norway, you will encounter various financial considerations and opportunities. Understanding the pension options, estate planning, and wealth management are vital aspects of securing your financial well-being. Our experienced team of financial advisors is well-versed in the Norwegian financial market and can provide you with tailored advice to meet your specific needs and objectives.
At GPI Europe, we recognize that each expat’s financial journey is unique. Our personalised approach ensures that we work closely with you to understand your aspirations and financial goals. Whether you need short-term financial solutions or long-term wealth management, we are dedicated to providing you with the knowledge and resources to make informed decisions and thrive financially during your time in Norway.
Navigating the financial landscape in a foreign country need not be daunting. With GPI Europe as your trusted financial partner, you can embrace the opportunities that Norway has to offer and embark on a successful and fulfilling financial journey. Let us be your guide to financial security and prosperity as you settle down and make the most of your time in this remarkable nation.
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We will get in touch with you shortly at pochta@mail.comto arrange a convenient time for our face to face online meeting
Face to face financial advice online
Feel free to arrange a free online consultation with our financial adviser, in the comfort of your own home or place of work.
Interesting facts about Norway
- Fjords and nature: Norway is renowned for its breathtaking fjords, mountains, and pristine natural beauty, making it a paradise for outdoor enthusiasts.
- Wealth from oil: Norway’s economy is heavily influenced by its oil and gas industry, and the country has one of the highest GDP per capita in the world.
- High standard of living: Norway consistently ranks high in global quality of life indexes due to its social welfare system and high-income levels.
- Midnight sun and polar nights: in the northern parts of Norway, you can experience the midnight sun during summer and polar nights in winter.
- Strong Viking heritage: Norway has a rich Viking history, and remnants of this ancient civilization can still be explored in various museums and archaeological sites.
Top benefits of living in Norway for expats
1
Strong economy
Norway's economy is stable and prosperous, providing a wide range of job opportunities for skilled professionals.
2
High standard of healthcare and education
The country offers free public healthcare and education, ensuring access to top-notch services for residents.
3
Pristine nature
Norway's natural beauty offers unparalleled opportunities for outdoor activities such as hiking, skiing, and fishing.
4
Social welfare system
Norway's social welfare system provides support and benefits to its residents, including parental leave, unemployment benefits, and more.
5
Safe and inclusive society
Norway is known for its safety, low crime rates, and commitment to inclusivity and equality.
Norway's cities to move in
Oslo
The capital city, Oslo, is a vibrant metropolis with a mix of modernity and nature. It offers cultural attractions, excellent job opportunities, and a dynamic lifestyle. A meal usually costs between 17 and 20 euros per person, with a glass of house wine priced at 7 to 8 euros and an espresso ranging from 2 to 3 euros. The population is around 700 thousand.
Bergen
Situated on the western coast, Bergen is surrounded by stunning fjords and mountains. It has a rich maritime history and a lively arts and culture scene. A meal generally ranges from 15 to 17 euros per person, with a glass of house wine costing 7 to 8 euros and an espresso priced between 2 and 3 euros. The population is about 285 thousand.
Trondheim
Located in central Norway, Trondheim is a historic city with a strong student community and a relaxed atmosphere. It offers a mix of medieval charm and modern amenities. A typical meal costs between 15 and 17 euros per person, with a glass of house wine priced at 8 to 9 euros and an espresso ranging from 2.5 to 3 euros. The population is approximately 205 thousand.
Stavanger
Stavanger is known for its oil industry, but it also offers beautiful beaches, hiking trails, and a rich cultural scene. It has a diverse and international community. A meal generally costs between 16 and 17 euros per person, with a glass of house wine priced at 8 to 9 euros and an espresso ranging from 2 to 3 euros. The population is estimated to be around 145 thousand.
Tromsø
In the Arctic Circle, Tromsø is an excellent destination for those seeking the northern lights and unique Arctic experiences. It has a lively nightlife and a strong student presence. A meal typically costs between 16 and 18 euros per person, with a glass of house wine priced at 8 to 9 euros and an espresso ranging from 2 to 3 euros. The population is about 75 thousand.
Alesund
Alesund is a picturesque coastal town known for its art nouveau architecture and stunning views of the surrounding fjords. It offers a blend of natural beauty and cultural charm. A meal generally ranges from 17 to 19 euros per person, with a glass of house wine costing 6 to 8 euros and an espresso priced between 2 and 3 euros. The population is about 47 thousand.
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Our guide to taxes in Norway is waiting for you at pochta@mail.com
Guide to taxes in Norway
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