How to register a foreign-invested enterprise in Iceland and what are the specific requirements?

How to register a foreign-invested enterprise in Iceland and its requirements?

Welcome to the magical Iceland! An island nation located in the North Atlantic, with magnificent natural scenery and unique cultural traditions.

Iceland is a paradise of geological wonders. It has many volcanoes, the most famous of which is the Eyjafjallajökull glacier volcano, which brings us stunning views and incredible volcanic activity.

At the same time, Iceland is also a country of glaciers, covered with magnificent glaciers such as Langjökull and Vatnajökull. These glaciers form magnificent glacier lakes and stunning glacier tongues, and the incredible scenery will be unforgettable.

Hot springs and geothermal resources are the treasures of Iceland. You can enjoy warm hot springs in the Blue Lagoon, or discover hidden hot springs in every corner of Iceland. In addition, Iceland also has spectacular black sand beaches, giving people a mysterious and unique feeling.

Iceland is one of the best places to enjoy the Northern Lights. On cold winter nights, you can witness the colorful aurora dances in the vast sky of Iceland. In summer, you can participate in various outdoor activities, such as hiking, fishing, glacier climbing, and more.

In addition to the natural landscape, Iceland also has vibrant cities. Reykjavik is the capital and cultural center of Iceland, with rich music, art, and literary traditions. You can visit museums, music festivals, and cultural events to experience the unique cultural atmosphere of Iceland.

Now let’s get into the topic and introduce some requirements for registering a company in Iceland:

1. Company name: You need to choose a unique company name and ensure that the name complies with Iceland’s company naming rules. The company name cannot be a duplicate of a registered company and should include an appropriate suffix, such as “Hf.” (limited liability company) or “Ehf.” (private limited company).

2. Registered address: You need to provide the company’s registered address in Iceland. This can be your own office address or a virtual office address provided by a registered agent in Iceland.

3. Shareholders and directors: Icelandic companies require at least one shareholder and one director. They can be individuals or legal entities, with no nationality or residency restrictions. Directors must be at least 18 years old.

4. Registered capital: Icelandic companies have no minimum registered capital requirements, and you can determine the amount of registered capital yourself.

5. Company documents: You need to submit some documents to complete the registration process, including articles of association, identification documents for shareholders and directors, and proof of registered address. These documents usually require notarization or authentication.

6. Registration fees: Registering a company requires payment of relevant registration fees, including government fees and fees for registered agents (if applicable).

7. Tax requirements: Once registered, you need to comply with Iceland’s tax requirements, including filing taxes and paying taxes.

It should be noted that these requirements may vary according to changes in Icelandic laws and regulations. It is recommended that you consult a professional advisor from Zhuo Zhi before registering a company to ensure that you meet all requirements and understand the latest regulations.

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