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The Norwegian University of Science and Technology |
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Trondheim is a healthy and friendly place to do business in. The young and creative workforce is supplemented by senior members with extensive international experience, a university campus dedicated to science that is geared to business and industry and an open, dynamic economy.
High-tech companies benefit from moderate to low labour costs compared to other Scandinavian levels. Typical wages start at 40 000 Euros, stretching up to 70 000 Euros for senior highly skilled workers. Low-cost high-quality urban area accommodations can be obtained at a rate ranging from 750 to 2000 Euros per month or 200-400 Euros per square metre and year. Free schools and universities, extensive public and social services and organised recreational activities and sports mean that the city's inhabitants can enjoy a fully rewarding and pleasant life.
The business culture within the technology sector features low-hierarchy management and strong individual commitment. It is easy to recruit from the local workforce. You will find potential employees with English as their working language, and managers with extensive international experience.
Companies in Trondheim are used to working in a very competitive environment. Most key international consultants have subsidiaries here offering legal advice, accounting, auditing and due diligence services.
Substantial investments have been made in the commercial and industrial real estate markets during the last decade. It is now a buyer's market. Annual prices vary between 120 and 250 Euros per square meter depending on standard and location.
Basic infrastructure costs for most business sectors in Norway are on European levels. An exception is car ownership or leasing, which is rather expensive.
National regulators set the legal framework. All companies register with the Brønnøysund Register Centre. The annual write off on investments varies from three per cent on buildings to 30 per cent on machinery. The local authorities are responsible for planning permission.
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