Summary of how funds can be repatriated from your jurisdiction (ie dividends or redemption)
Norway
Private LLCs
Funds may be repatriated as a dividend or a share capital decrease. Both types are adopted by the general meeting following a proposal by the board of directors. The company may only distribute dividends to the extent that, after the distribution, it still has net assets covering the company's share capital and other restricted equity, such as funds for unrealized gains and valuation differences. Upon a share capital decrease, the share capital decrease may not be set lower than the minimum share capital of NOK 30,000. A share capital decrease may be completed by a redemption of shares or reduction of the par value. A share capital reduction presupposes that the company formerly has submitted annual accounts (or interim accounts) to be used as a basis, and a 6-week creditors' notice period will apply before it may be implemented. Finally, the company shall at all times have equity and liquidity which is adequate in terms of the risk and scope of the company’s business.
Public LLCs
Funds may be repatriated as a dividend or a share capital decrease. Both types are adopted by the general meeting following a proposal by the board of directors. The company may only distribute dividends to the extent that, after the distribution, it still has net assets covering the company's share capital and other restricted equity, such as funds for unrealized gains and valuation differences. Upon a share capital decrease, the share capital decrease may not be set lower than the minimum share capital of NOK 1 million. A share capital decrease may be completed by a redemption of shares or reduction of the par value. A share capital reduction presupposes that the company formerly has submitted annual accounts (or interim accounts) to be used as a basis, and a 6-week creditors' notice period will apply before it may be implemented. Finally, the company shall at all times have equity and liquidity which is adequate in terms of the risk and scope of the company’s business.
Partnerships with unlimited liability
Distribution of profit is subject to resolution of the partnership meeting. The company may only distribute profit if the funds are not necessary to cover obligations of the company or company business. Profit cannot be distributed if this evidently would harm the interests of the company or its creditors.