FEATURES OF COMPANY REGISTRATION IN ICELAND
When considering company registration in Iceland, it’s crucial to be aware of specific restrictions on foreign investment. Non-residents, except EU citizens, face limitations on engaging in commercial fishing and utilising the country’s natural energy resources for business purposes. Additionally, foreign investors are restricted to owning a maximum of 49% of shares in local airlines.
Before initiating any business endeavours, foreigners must secure permission from the Icelandic Ministry of Commerce. All documentation for company registration must be handled by an Icelandic notary. Documents must be translated into Icelandic. While the company name can be in any language, it must be transliterated into Latin. A local legal address and an Icelandic bank account are mandatory for company registration.
Upon completion of the registration process, the founder will receive a Certificate containing comprehensive information about the company. If the nature of the business requires a licence, it can be obtained from the Licensing Committee. COREDO specialists are available to assist with the preparation and execution of all necessary documents for company registration in Iceland and provide answers to inquiries about this jurisdiction.
