United States

Norwegian startups flocking to New York for lower tax rates

The Norwegians are coming to New York with startup companies, fresh ideas and millions in capital. And hundreds of these startups are raring to go, say business executives. The city is the gateway for a growing number of fledgling companies from Norway, lured here by much lower US tax rates and lighter regulations than in their domestic market. “New York is a financial center, and one of the fastest-growing regions in the world when it comes to venture capital investments,” Ola Forsstrom-Olsson, senior adviser at the New York offices of Norway’s state-owned Innovation Norway, told The Post. “[There’s also] the fact that the market is so much bigger than the Norwegian domestic market.” At the forefront of this Nordic invas ...