{"id":18737,"date":"2020-08-28T10:00:43","date_gmt":"2020-08-28T08:00:43","guid":{"rendered":"https:\/\/www.pfser.com\/islandiya\/"},"modified":"2022-08-13T12:41:20","modified_gmt":"2022-08-13T10:41:20","slug":"company-formation-iceland","status":"publish","type":"page","link":"https:\/\/www.pfser.com\/en\/company-formation-iceland\/","title":{"rendered":"Iceland"},"content":{"rendered":"

[vc_row full_width=”stretch_row” el_class=”pfser-row–white” css=”.vc_custom_1617066696251{padding-top: 50px !important;padding-bottom: 25px !important;}”][vc_column]\n

\"\"<\/div>\n [vc_column_text css=”.vc_custom_1617065626818{padding-bottom: 50px !important;}”]<\/p>\n

\u00a0Specificity of the registering<\/h2>\n

[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text css=”.vc_custom_1617066489397{padding-bottom: 50px !important;}”]<\/p>\n

Any time that a limited company is established, the stakeholders must prepare a Memorandum of Association. The M&AA contains names and address of all the founders, payment of capital, subscription fees for the shares and price, deadline for the subscription of membership.<\/p>\n

The draft of articles of association will also contain so many things such as name of the company, location, objectives, share capital, auditors, board of directors, legal venue, periods when a financial year is supposed to start and end. Branches of foreign companies must meet the following criteria:<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]The registration certificate of the head office;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]The copy of Articles of Association of the head office;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Be registered for internal revenue at the Register of Enterprises department;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]The company head office must properly file the documents listed below usually in the Icelandic translation;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]A letter indicating the representation of the branch manager. There must also be documentation which indicates that the branch manager meets all the requirements such as solvency citizenship and residency;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]A well-written commitment letter that they will obey all the Iceland laws.[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Well prepared financial reports for the following financial year;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”1\/2″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]It must have a name that includes its foreign name;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/4″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1617066708248{padding-top: 50px !important;padding-bottom: 60px !important;background-color: #1b1d1f !important;}” el_class=”pfser-row–colored”][vc_column]\n

\"\"<\/div>\n [vc_column_text css=”.vc_custom_1617066005593{padding-bottom: 50px !important;}”]<\/p>\n

Formation process<\/h2>\n

[\/vc_column_text][vc_column_text css=”.vc_custom_1617066753703{padding-bottom: 50px !important;}”]<\/p>\n

The Process which is involved when incorporating a company in Iceland<\/h3>\n

[\/vc_column_text][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Creating the name of the company which usually takes one business working day;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Depositing capital into the business account of the company which also can take one day;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Registration of the company<\/a> with the register of companies. This also will involve the publication of the company in an official gazette bearing the notice of the incorporation. Getting these services can cost you around 95 000 ISK;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]In case you wish to start a company where you will be selling goods and services which have a value of more than 500 000 ISK within a year, then you must get a VAT number. You can get it within couple days;[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”crypto-support__item–slim”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” el_class=”custom_flex_container” width=”2\/3″ offset=”vc_col-xs-10″][vc_raw_html]JTNDZGl2JTIwY2xhc3MlM0QlMjJsZW9faGVhZC1icm93biUyMiUzRSUzQyUyRmRpdiUzRQ==[\/vc_raw_html][vc_column_text]Notification of tax authorities if the staff that you wish to employ.[\/vc_column_text][\/vc_column_inner][vc_column_inner text_color=”” text_hover_color=”” width=”1\/6″ offset=”vc_col-xs-1″][\/vc_column_inner][\/vc_row_inner][vc_separator color=”#ba8350″ width_in_percentages=”yes” css=”.vc_custom_1617066595055{margin-top: 90px !important;margin-bottom: 80px !important;}”][vc_row_inner el_class=”pfser-row–not-mobile-flex-center”][vc_column_inner width=”1\/3″]\n

\"\"<\/div>\n [vc_column_text css=”.vc_custom_1617065928056{margin-bottom: 20px !important;}”]<\/p>\n

Types
\nof companies<\/h2>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text]In Iceland, you will usually get two kind of limited companies which are either private or public. Any foreigner who wishes to invest his\/her business in Iceland will go for a branch or limited company due to tax considerations. The limited companies must be registered with the Register of Enterprises.<\/p>\n

Public limited company have at least 2 founders \u2013 one must reside in Iceland, be a resident or citizen or OECD or EEA country (European Economic Area).<\/p>\n

Private limited company founded by one or more people \u2013 One can reside in Iceland, both can be residents of OECD or EEA country. You can have as many shareholders as you wish.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_class=”pfser-row–white” css=”.vc_custom_1617113277940{padding-top: 50px !important;padding-bottom: 60px !important;}”][vc_column][vc_column_text css=”.vc_custom_1617066168357{padding-bottom: 50px !important;}”]<\/p>\n

Offshore company as an alternative<\/h2>\n

[\/vc_column_text][vc_column_text css=”.vc_custom_1617112883705{padding-bottom: 30px !important;}”]<\/p>\n

In case you decide to set up an offshore company, then as an investor or business owner, you can conduct your business with your operation boundaries. These kinds of companies are usually established to lower taxes and fees. The business owners are required to follow all the rules regarding offshore companies.<\/p>\n

[\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_single_image source=”external_link” alignment=”center” custom_src=”\/wp-content\/uploads\/2021\/01\/il-reg-info.svg” el_class=”pfser-icon–width-75p-mobile” css=”.vc_custom_1617066157671{padding-bottom: 50px !important;}”][\/vc_column_inner][vc_column_inner width=”1\/4″][\/vc_column_inner][\/vc_row_inner][vc_row_inner el_class=”pfser-row–columns”][vc_column_inner text_color=”” text_hover_color=”” width=”1\/2″][vc_column_text]<\/p>\n

There are so many benefits that you can get once you start an offshore company one of them being reduced fees and tax as mentioned above. You can also decide to go for an offshore company to achieve the following:<\/p>\n

Protect your asset<\/span> \u2013 In case you wish to organize your transactions and assets in the best way such that they are not affected by your liability, then this is the best formation you can choose.<\/p>\n

Legal protection<\/span>\u00a0\u2013 Since there are some laws which favour offshore companies, you will be liable only for them and not anything outside your area of operation.<\/p>\n

[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_column_text]<\/p>\n

Assume anonymity<\/span>\u00a0\u2013 Usually the names of the directors and owners are not meant to achieve public records. Also, any references to the company will be available to registered agents only.<\/p>\n

Simplify set-up<\/span>\u00a0\u2013 Can make it easy for you to easily start a business that you have always yearned for.<\/p>\n

Some of the major places where you can establish your offshore company are; Panama, British Virgin Islands, Cyprus, The Cayman Islands, Dubai and Bahamas.<\/p>\n

[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1604093814111{padding-top: 50px !important;padding-bottom: 60px !important;background-color: #ba8350 !important;}”][vc_column text_color=”#fafafa”][vc_column_text]<\/p>\n

Thanks to good practices, experience gained, qualified theoretical knowledge, the experts employed by the Private Financial Services<\/a> will quickly and qualitatively help to open and register the business activity in Iceland.<\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=”stretch_row” css=”.vc_custom_1601767431615{padding-top: 50px !important;padding-bottom: 60px !important;background-color: #1b1d1f !important;}” el_class=”pfser-row–colored”][vc_column][vc_custom_heading text=”Get a personal offer!” google_fonts=”font_family:Open%20Sans%3A300%2C300italic%2Cregular%2Citalic%2C600%2C600italic%2C700%2C700italic%2C800%2C800italic|font_style:300%20light%20regular%3A300%3Anormal” font_container=”tag:h2|text_align:center” el_class=”form-dark__title”][vc_row_inner el_class=”form-dark”][vc_column_inner]

\n

<\/p>

    <\/ul><\/div>\n
    \n
    \n\n\n\n\n\n\n<\/div>\n

    <\/p>\n

    \n
    \n

    <\/span><\/p>\n<\/div>\n

    \n

    <\/span> <\/p>\n<\/div>\n

    \n

    <\/span> <\/p>\n<\/div>\n

    \n
    \n

    <\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

    <\/div><\/form><\/div><\/div>[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"

    [vc_row full_width=”stretch_row” el_class=”pfser-row–white” css=”.vc_custom_1617066696251{padding-top: 50px !important;padding-bottom: 25px !important;}”][vc_column][vc_column_text css=”.vc_custom_1617065626818{padding-bottom: 50px !important;}”] \u00a0Specificity of the registering [\/vc_column_text][vc_row_inner][vc_column_inner width=”1\/6″][\/vc_column_inner][vc_column_inner width=”2\/3″][vc_column_text css=”.vc_custom_1617066489397{padding-bottom: 50px !important;}”] Any time that a limited company is established, the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":125,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.pfser.com\/en\/wp-json\/wp\/v2\/pages\/18737"}],"collection":[{"href":"https:\/\/www.pfser.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.pfser.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.pfser.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pfser.com\/en\/wp-json\/wp\/v2\/comments?post=18737"}],"version-history":[{"count":7,"href":"https:\/\/www.pfser.com\/en\/wp-json\/wp\/v2\/pages\/18737\/revisions"}],"predecessor-version":[{"id":22539,"href":"https:\/\/www.pfser.com\/en\/wp-json\/wp\/v2\/pages\/18737\/revisions\/22539"}],"wp:attachment":[{"href":"https:\/\/www.pfser.com\/en\/wp-json\/wp\/v2\/media?parent=18737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}