Norway AS

AS is a legal entity in Norway, whose full name is Aksjeselskap. It is a type of limited liability company with consolidated ownership, and its shares cannot be listed on a stock exchange; only an ASA's can. According to Norwegian company law, AS must have at least one shareholder and at least one director. In practice, the company appoints a general manager (daglig leder), who acts as its legal representative. The general manager, if there is one, and at least half the board must live in an EEA state, the UK or Switzerland. The minimum registered capital for AS starts at 30,000 Norwegian krone, and the company must actually pay in 100% of the registered capital before its establishment.