Man in apron has started his own business and is leaning on a bench

Start your own business

We cheer on everyone who wants to start a business, and we know there can be a lot to think about. That’s why we’ve put together banking, accounting and advisory services in one place. Every year, we help more than 20 000 other people who have the same dream.

Set up an ENK (sole trader company)

It’s now super easy to start up a sole trader company (ENK). Create your business here.

Start ENK here

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Start a private limited company

Not sure how to set up a private limited company (AS) and open a business account with us? We guide you, step-by-step.

Getting started

DNB Start-up Pilot

Our entrepreneurial team is happy to help you start your entrepreneurial dream

Make an appointment Read more

How to start a business

Your dream can come through with hard work. Not everyone achieves their goal, but dedicated entrepreneurs can succeed. This has inspired us to create this guide. It’s full of good advice for anyone wanting to start their own business. How you use it is up to you. We hope it helps you get started.

Start the business with DNB. We offer digital services such as a corporate account, online bank and app, as well as security and free consulting for entrepreneurs. With DNB as your partner, you get more than just banking services – you get support on your way to success. We are here for you if you need help.

1. Ideas and business plans

Find a business idea that both engages you and has potential in the market.

2. Visibility

Understand the competition, who your potential customers are and how you are visible.

3. Financing

There are several ways to finance the business, whether equity, loans or investors.

4. Templates, tools and useful links

We have put together useful templates and resources for start-up, operation and employment.

Start ENK or AS

When you plan to start your own business, you must first decide which type of company type you want to establish. The two most common alternatives are sole trader companies and limited companies.

“I chose DNB as a bank because they understand and invest time in entrepreneurs. They use their system, the expertise of the employees to provide full advice and guidance, and that’s something I’m very much appreciated”

Erik Skotvedt - Founder & CEO @Værbitt

Start your own business? These 10 disadvantages should you think about

Over-optimism: It may take two to three years for the company to be profitable. Be prepared for long days of work.
Lack of plan: A good plan should include a business model, market analysis, competitor analysis and realistic forecasts for revenue and costs.
Too little variation in the strategy: Do not focus all on one strategy. Always have a plan B in case the original plan doesn’t work.
Expectations for payment procedures: Do not assume that customers are paying in time. Include a strategy for collecting outstanding receivables.
Lack of financial buffer: Have enough funds to cover operating costs and unforeseen expenses.
Incorrect choice of premises: Choose premises based on strategic location and opportunities for growth, not just prices.
Lack of understanding of financing: Bank loans for start-up are rarely possible without a mortgage. Investigate alternative sources of financing.
Incorrect revenue expectations: It may take time before you can take a stable salary. Be prepared for a period of low earnings.
Wrong choice of board members: Avoid just choosing friends and family. Board members should have relevant expertise and be able to advise in critical situations.
Do not underestimate the importance of networks: Building strong relationships with other business owners, potential customers and industry experts can be invaluable to your business’s success.

Are you unsure and need someone to talk to? DNB Start-up advisory team We’re happy to help!

Financing your startup

Five financing tips

Five important tips for entrepreneurs

Put your idea into practice

Choose the right company form - should you choose ENK or AS?

Sole Proprietorships (ENK)

- for those who want to start fast and easy

With ENK, you own the business entirely and the start-up costs are minimal – there is no requirement for equity.

But remember, you are personally responsible for all debt. This means that your personal finances may be affected if your business doesn’t go as planned.

Benefits of ENK:

Simple and cost-effective establishment
No equity requirements
Full control of the business

Disadvantages of ENK:

Personal liability for liabilities and obligations
Limited social security rights, such as sickness benefits

Let us help you get started with your ENK today. Here in DNB you can register your business and become a customer with us – all in one place.

Start ENK

Private Limited Company (AS)

– for those who want security and scalability

Private Limited Company (AS) are a popular choice for many entrepreneurs, and offer greater security by distinguishing your personal finances from the company’s.

With an AS, you only risk the equity you have invested in the company. To start an AS, at least NOK 30,000 in share capital is required.

Benefits of AS:

Limited liability – you run the risk of equity that you’ve deposited
Better social security rights (such as sickness benefits and pensions)
Opportunity to bring in investors and scale the business

Disadvantages with AS:

Requirement for NOK 30,000 in share capital. These are funds the company can use, but the Companies Act requires that funds are available at all times.
Several accounting and reporting requirements

Start your AS with DNB. Become a customer with us and follow our guide to getting started today.

Start AS

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