Financing

Internationalisation

Nopef may participate with up to 40% of the approved feasibility study costs in connection with international business set up.

The loan can be fully or partially converted into a grant, after the final project report has been approved.

Which companies are eligible for Nopef loans?

Small and medium-sized enterprises with fewer than 250 employees and a turnover less than 50 MEUR are welcome to apply. When considering eligibility group affiliation counts when shareholdings exceed 50%.
Enterprises operational in the Nordic countries may apply for loans from Nopef.
Companies that have experience in the same business area as the project.
Companies that have sufficient financial and human resources relative to the size of the project.
Companies that have been operational for at least one year
Companies that are not already established in the project country.

Which projects can be granted a Nopef loan?

The business set up must constitute a risk to the applicant company, and also represent a substantial investment in the target country.
Nordic advantage and Nordic business interest must be present in the project - the more the better.
The aim of the project is to create a long-term business enterprise.
Typical examples include the establishing of a subsidiary, a joint venture, or a company acquisition in the target country.
The project location is in Nopef's operational region (a country outside the EU and EFTA)

Costs that Nopef may cover

Costs that Nopef may NOT cover:

Running costs
Marketing or marketing material
Research and development (R&D) or various kinds of tests
General market research without a definite connection to the business set up/ project export
Inventories or equipment
Finding an agent or distributor
Training or education