The Norwegian withholding tax on dividends is 25% for non-residents.
Investors from OECD countries are generally entitled to relief to a 10% relief at source, the treaty rate being 15%.
Beneficial owners may be asked to disclose their identity, but only upon request from the Norwegian tax authorities.
Nordic custody clients’ tax residence is recorded at the time of the opening of the custody account and generally no additional formalities are needed.