Set up an ENK (sole trader company)

When starting a business, you need to consider whether you should set up an ENK or AS. If you are unsure, DNB’s Start-up advisory team help you for free.

A sole trader company (Enkeltmannsforetak - ENK) is an organisation in which a natural person is responsible for the business. This means that you have full financial responsibility for the business’s requirements and obligations. You are not obliged to invest money in the company, so you can start with NOK 0 in your account.

If you want to set up a private limited company (AS) instead of a sole trader company, you can get more info here.

There are also several other company types, such as general partnership with shared liability (DA), general partnership with joint and several liability (ANS) and foundations. Read more here.

It’s a good idea to check if the name is available. You can easily do this at navnesok.no.

If the name is taken, you must choose another name or obtain consent from the company that has the name.

If you need consent, you cannot establish the company through DNB, but can use Samordnet registermelding (coordinated register notification).

The revenue consists of all the income that the business has generated during the given period. As a rule, this involves revenue from invoiced goods and services, cash sales and other revenue.