Norway
Immigrating to Norway is very popular as it is the third most expensive country in the world. Norway is one of the advanced European countries where many people enter annually. Norway is widely considered to be a great country to live in. It consistently ranks highly in measures of quality of life, happiness, and overall well-being. The United Nations’ World Happiness Report regularly ranks Norway as one of the happiest countries in the world, and the country is known for its strong social welfare system, high levels of gender equality, and excellent healthcare and education systems.
Norway is also known for its stunning natural beauty, with mountains, fjords, and forests offering a wealth of outdoor recreational opportunities. The country has a strong economy and low levels of corruption, and its residents enjoy a high standard of living. Norway is a welcoming and prosperous country with a high quality of life, and many people find it to be an excellent place to live and study.
About Norway
You must earn about 253,378 Norwegian kroner annually through your company’s economic activity. Depending on the number of family members, this amount can be higher. For example, a family of 3 must have an income of up to 275,000 kroner. The annual income tax for individuals who receive a visa through this method is about 22%.
Norway has a 2544-kilometer border with its neighbors, including 729 kilometers with Finland, 1619 kilometers with Sweden, and 196 kilometers with Russia. The capital city of Norway is Oslo with a population of 792,000. The total area of Norway is 385,207 square kilometers and its population is 5.13 million. Some of the major cities in Norway are Bergen with a population of 272,000, Trondheim with 153,000, Stavanger with 111,000, and Bærum with 103,000.
Economy of Norway
Norway is rich in abundant resources such as crude oil, natural gas, minerals, seafood, wood, freshwater, and hydroelectric power. The oil industry makes up about one-fourth of the country’s gross domestic product. Norway has the fourth-highest per capita income in the world. Norway follows the model of welfare-oriented North European countries, providing universal healthcare insurance and grants for higher education in return for heavy taxes on citizens.
The country also has a comprehensive social security system. From 2001 to 2006 and again from 2009 to 2011, Norway succeeded in achieving the highest Human Development Index in the world.
Politics and government
Norway has one of the most developed democratic and rule-based governments in the world. Since 1814, approximately 45% of men (25 years or older) have had the right to vote, whereas in Britain, the equivalent figure was 20% (1832), in Sweden it was 5% (1866), and in Belgium it was 1.15% (1840). Based on the People Power Index, Norway has been considered the most democratic government in the world since 2010.
Social democracy and policies related to equality have made Norway a homogeneous society with a high level of public trust between different segments of society and between people and the government. The high level of trust has made economic growth easier and smoother.
Norway’s Constitution was adopted on May 17, 1814, inspired by the United States Declaration of Independence (1776) and the French Revolution (1798). Norway has a parliamentary system of government with a constitutional monarchy in which the King of Norway is the head of state and the Prime Minister is the head of government. According to the Constitution, which is the highest legal document in the country, power is divided among the legislative, executive, and judicial branches.
The King officially holds the executive power in this country. However, after the establishment of a parliamentary system in this country, the duties of the King became highly ceremonial and formal. For example, the King must formally appoint or dismiss the Prime Minister and other ministers of the executive branch after being approved by Parliament. Similarly, the King of Norway is also the Commander-in-Chief of the armed forces and is recognized outside the country as the symbol of unity with the title of the highest diplomatic authority. Harald V of the House of Schleswig-Holstein-Sonderburg-Glücksburg was crowned as the King of Norway on January 17, 1991, after the death of his father. He is the first Norwegian king born on the soil of this country since the 14th century. Haakon (born July 20, 1973), the King’s son, is the legal heir to the Norwegian throne.