Company Formation in Iceland
Europe
Overview
Iceland is a progressive North European country, renowned for its pristine environment, high safety standards, and robust economy. It offers a stable political and social environment, a growing competitive economy, and an advanced banking sector. With comparatively low taxation and an extensive network of DTA and TIEA agreements, Iceland provides a favorable environment for international business and investments.
Our Process
Step 1: Name Approval
Approve your company name, which must be in Latin letters and include an Icelandic translation.
Step 2: Document Preparation
Prepare all necessary incorporation documents, including the company's articles and declaration of share capital.
Step 3: Company Registration
Submit documents for official registration with the relevant Icelandic authorities.
Step 4: Licensing & Bank Account
Obtain any required business licenses (e.g., for ITC companies) and open a corporate bank account.
Key Requirements
- Minimum 1 director (for Ehf, private limited company)
- Minimum share capital (ISK 500,000 for Ehf, ISK 4 million for Hf)
- Company name in Latin letters with Icelandic translation
- Mandatory accounting, financial and tax reporting, and audit
- Business license required for International Trading Companies (ITC)