Norway ASA

ASA is a legal entity in Norway, with the full name of Allmennaksjeselskap, belonging to the Norwegian national/territorial sphere. Its ownership is consolidated, meaning that shareholders own all the shares of the company. As a limited liability company, ASA shareholders are only liable for the shares they hold and do not assume personal responsibility for the company's debt. ASA is a publicly traded company, and its shares can be bought and sold on the stock exchange. According to Norwegian law, ASA requires at least one shareholder, a board of at least three members and a general manager. ASA must have a general manager (daglig leder), who acts as its legal representative. Its general manager and at least half its board must live in an EEA state, the UK or Switzerland. However, ASA is required to establish a board of directors and a supervisory board to manage and oversee the company's operations, with a minimum of three members in the supervisory board, one of whom must be a certified public accountant. The minimum registered capital for ASA is 1,000,000 Norwegian krone, and there is no requirement for capital verification, but relevant documentation must be provided to prove the company's capital. Overall, ASA is a flexible and popular form of company, suitable for enterprises looking to do business in Norway.