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State Aid

ESA: Tax-benefits for young and small companies in Norway approved

20.11.2019

PR(19)30 

EN | NO

ESA approves Norway's amendments and extension of the tax scheme for employee share options.

Two years ago, Norway launched an aid scheme to enable small and young companies to recruit and retain employees. Companies may not be able to offer competitive wages, but can instead offer employees to buy shares in the company at a fixed price (share options). Furthermore, taxes can be delayed. The scheme was approved by ESA in 2017.

Norway proposed changes to make the scheme more effective, which the EFTA Surveillance Authority, ESA, has approved today.

The changes ESA has approved are:

· Extending the scheme for two years until the end of 2029
· Increase the maximum number of employees in a benefitting company from 10 to 12
· Increase the maximum option benefit from NOK 500 000 to NOK 1 million

The decision can be found here.

For further information, please contact:

Øystein Solvang
Head of Communications
tel. +32 2 286 18 66
mob. +32 490 57 63 53




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