Business Registration Reform Case Study : Norway
Sustainable economic growth and reduction of poverty require a suitable framework of good governance. A register solution that works efficiently and offers reliable business information is an essential part of such a framework. To ensure efficiency...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/344371542776270745/Norway-Business-Registration-Reform-Case-Study http://hdl.handle.net/10986/31026 |
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okr-10986-310262021-04-23T14:05:00Z Business Registration Reform Case Study : Norway International Finance Corporation SMALL AND MEDIUM ENTERPRISES BUSINESS ENVIRONMENT REGISTRATION REGULATION PRIVATE SECTOR DEVELOPMENT TAXATION Sustainable economic growth and reduction of poverty require a suitable framework of good governance. A register solution that works efficiently and offers reliable business information is an essential part of such a framework. To ensure efficiency and simplification in business start-ups, a well-functioning register solution has several beneficial effects. It encourages entrepreneurship, improves access to loans, generates more jobs, makes it easier to comply with rules, and reduces administrative burdens, thus increasing productivity. In a broader perspective, this helps attract investors, boost the economy in general, and reduce poverty. Implementation of good governance has revealed a general need to enhance transparency and integrity standards in public administrations and private entities. Availability of official, high-quality business information is crucial in this context. By granting the legal identity of a business, most register solutions go a step further. In doing so, they increase the predictability of economic interaction and provide contractual partners with core protection against abuse. This also reduces the costs of resolving disputes and leads to greater judicial fairness because of faster contract enforcement. Moreover, improved transparency contributes to more effective tracing of financial crime and therefore constitutes a means to prevent and discourage financial crime in general. In the Norwegian register solution, the aim of enhancing transparency is strongly interlinked with the objective of using public business information efficiently and reducing reporting obligations for businesses. Information sharing is an important building block in this strategy. This case study describes how reforms aimed at simplifying and streamlining business registration were implemented in Norway. It is based on desk research and interviews. 2018-12-19T16:51:17Z 2018-12-19T16:51:17Z 2011-09 Report http://documents.worldbank.org/curated/en/344371542776270745/Norway-Business-Registration-Reform-Case-Study http://hdl.handle.net/10986/31026 English CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Investment Climate Assessment Economic & Sector Work Norway |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
SMALL AND MEDIUM ENTERPRISES BUSINESS ENVIRONMENT REGISTRATION REGULATION PRIVATE SECTOR DEVELOPMENT TAXATION |
| spellingShingle |
SMALL AND MEDIUM ENTERPRISES BUSINESS ENVIRONMENT REGISTRATION REGULATION PRIVATE SECTOR DEVELOPMENT TAXATION International Finance Corporation Business Registration Reform Case Study : Norway |
| geographic_facet |
Norway |
| description |
Sustainable economic growth and
reduction of poverty require a suitable framework of good
governance. A register solution that works efficiently and
offers reliable business information is an essential part of
such a framework. To ensure efficiency and simplification in
business start-ups, a well-functioning register solution has
several beneficial effects. It encourages entrepreneurship,
improves access to loans, generates more jobs, makes it
easier to comply with rules, and reduces administrative
burdens, thus increasing productivity. In a broader
perspective, this helps attract investors, boost the economy
in general, and reduce poverty. Implementation of good
governance has revealed a general need to enhance
transparency and integrity standards in public
administrations and private entities. Availability of
official, high-quality business information is crucial in
this context. By granting the legal identity of a business,
most register solutions go a step further. In doing so, they
increase the predictability of economic interaction and
provide contractual partners with core protection against
abuse. This also reduces the costs of resolving disputes and
leads to greater judicial fairness because of faster
contract enforcement. Moreover, improved transparency
contributes to more effective tracing of financial crime and
therefore constitutes a means to prevent and discourage
financial crime in general. In the Norwegian register
solution, the aim of enhancing transparency is strongly
interlinked with the objective of using public business
information efficiently and reducing reporting obligations
for businesses. Information sharing is an important building
block in this strategy. This case study describes how
reforms aimed at simplifying and streamlining business
registration were implemented in Norway. It is based on desk
research and interviews. |
| format |
Report |
| author |
International Finance Corporation |
| author_facet |
International Finance Corporation |
| author_sort |
International Finance Corporation |
| title |
Business Registration Reform Case Study : Norway |
| title_short |
Business Registration Reform Case Study : Norway |
| title_full |
Business Registration Reform Case Study : Norway |
| title_fullStr |
Business Registration Reform Case Study : Norway |
| title_full_unstemmed |
Business Registration Reform Case Study : Norway |
| title_sort |
business registration reform case study : norway |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/344371542776270745/Norway-Business-Registration-Reform-Case-Study http://hdl.handle.net/10986/31026 |
| _version_ |
1764473423767011328 |