People have become more interested in Norway, especially as its economic wealth grows for the entire population and the happiness ranking continues to climb. Whether you’re thinking about moving there or want to learn more about the country, there are a few things you should know. For starters, most residents live in the southern part of the country, where Oslo, the capital and largest city, is located. The rest of the country is widely dispersed, and services are less likely to come out there due to high distribution costs.
Additionally, read a brief market overview. There are relatively few largescale chain stores in Norway, with most people preferring to use local businesses, such as a local plumber in Oslo. After all, the market is small compared to other countries, but it is affluent. Here is more about the businesses you can expect to find in Norway.
While many foreign companies have a presence in this country, they use sales agencies rather than establish stores there. However, the consumer patterns tend to leave foreign businesses in exclusive contracts with different sales agencies. That means you may have to travel around to find a specific product. At the same time, it also means that you won’t be without the goods you are accustomed to in another country.
Offices and Headquarters
Regulations in Norway make it easy and cheap to establish a business. Additionally, it is straightforward because everything is digitized in this country. That means you will see a lot of headquarters and major office buildings when you drive through cities. After all, these conditions make it perfect for an entrepreneur looking to start their own business. This should be good news if you are looking at moving to one of the cities in the south. If you have business experience, it shouldn’t be terribly difficult for you to find a job in one of these offices.
Whether you are a fan of Starbucks, TGI Friday’s, Burger King, or McDonald’s, you are in luck. You can find these and more US franchises in major cities. That said, there are still plenty of opportunities for you to find Norwegian franchises and small businesses. This means you can get the best of both worlds. You can live like a local for most of your stay. But you don’t have to worry about giving up your favorite coffee. If you’re there to vacation, this can be wonderful.
However, if you’re going to live there, you may get some weird looks. Despite recent franchising conferences, many locals are still unaware of large US companies. This is because most Norwegians before to support their local markets and stores. Additionally, while the population is small compared to other locations, Norwegians have a higher standard of living. Rather than hit McDonald’s with you, they would rather go to a local cafe. If you’re not ready to embrace the local culture, that could make it tough to find places to meet with friends.
Even though there are tight restrictions on consumer data in Norway, there are also marketing firms. This means if you plan to market anything, you can find a firm to hire. However, you can refuse to receive direct marketing efforts, which makes life there convenient. Obviously, this is a bonus for your privacy, but you will still see these firms while you are there.
As mentioned, there are tight restrictions on collecting data, but that doesn’t mean it is completely illegal. Expect others to ask to collect your data while you are there.
E-commerce is a big thing in Norway. Actually, a lot of things have been digitized. Obviously, that means you are going to need internet service if you plan on moving there. Fortunately, there are plenty of internet providers around to offer you high-speed internet. That means you can establish yourself in the digital Norwegian world. It also means you can get a lot of your shopping done while on the couch.
Whether you’re moving to Norway or just interested in it, you should know more about the types of businesses you can expect to find there. These are examples of what you can expect to see in this country.