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Register company in Iceland

August 28, 2023

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[av_heading heading=’Register company in Iceland’ tag=’h1′ style=’blockquote modern-quote’ subheading_active=’subheading_below’ show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#ffffff’ subheading_color=’#ffffff’ seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llutaxxq’ sc_version=’1.0′ admin_preview_bg=”]
“Fionza Consultants offers comprehensive company registration services in Iceland for international clients. Our service package encompasses company registration, the appointment of a company secretary, provision of a local registered address, and facilitation of the corporate bank account opening process. Fionza Consultants serves as your all-in-one solution to initiate your business in Iceland in full compliance with legal requirements.”
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Company Registration – 4 Week
Lokaler Direktor? - Nein
Eröffnung eines Bankkontos - 4 Wochen
Reisen erforderlich - Nein
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“Unlock a Smooth Company Registration Process in Iceland with Fionza Consultants. Iceland’s reputation for a business-friendly climate, featuring low corporate taxes, competitive land and renewable energy costs, and efficient European legal frameworks, has lured many investors. Registering a company in Iceland can be a hassle-free experience when equipped with the right knowledge. Trust Fionza Consultants as your guide, freeing your time and resources for more crucial business pursuits.

Our streamlined approach guarantees a seamless journey through Iceland’s business formation process. Our top priority is ensuring your Icelandic company is fully operational within the set timeframe.

Unser All-inclusive-Servicepaket deckt die wichtigsten Elemente für die Abwicklung von Geschäften in Island ab:

Company registration with the Icelandic Companies Registry
Nominee director services
Lokaler Firmensekretär und eingetragene Adresse
Local or international corporate bank account opening
Annual filing and tax services.

Partner with Fionza Consultants for a Stress-Free Path to Establishing Your Presence in Iceland.”
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[av_heading heading=’How long does it take to register company in Iceland?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llutge6e’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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“At Fionza Consultants, our global team of experts ensures a swift 3-week company registration process. Upon receiving the required due diligence documents from directors and shareholders, we promptly check the availability of your preferred company name.

Throughout the entire company registration procedure, you won’t need to travel to Iceland, where you plan to launch your business. If the chosen bank for corporate bank account opening necessitates an in-person meeting, we will work to arrange a virtual meeting instead. Be assured that we will have a representative by your side during this process.

Once Fionza Consultants successfully registers your company, you’ll receive essential documents, including the certificate of incorporation, memorandum and articles of association, as well as the register of directors and shareholders.

Within 4 weeks of company registration, Fionza Consultants will initiate the opening of a corporate bank account at a reputable local or international bank. As a result, you can expect to commence operations and issue invoices using your Iceland-based company within just 7 weeks from your engagement with Fionza Consultants.”
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[av_heading heading=’What are the benefits of registering a company in Iceland?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llutkvdb’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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“Strategic Location: Iceland’s Ideal Position for Business Growth Iceland’s strategic location bridges Europe and North America, with Keflavik Airport near Reykjavik serving as the primary international gateway. With over 140 daily departures in the summer and 80 in the winter, Iceland provides easy access to destinations worldwide.

Favorable Business Environment and Opportunities: Iceland’s business appeal rests on its welcoming climate, featuring low corporate taxes, cost-effective land and renewable energy, and efficiency within the European legal framework. Moreover, government initiatives promoting entrepreneurship, resource allocation, and understanding of supply and demand stimulate innovative solutions, fostering productivity, long-term results, and job creation in various sectors.

Blühende Innovation: Island verfügt über eine florierende Startup- und Innovationsszene, insbesondere in den Bereichen IT, Biotechnologie (einschließlich Pharmazeutika und Wellness), Glücksspiel und Aquakultur. Der umfassende IT-Sektor umfasst alle Aspekte der digitalen Wirtschaft.

Low Corporate Tax in the European Union (EU): Iceland’s government imposes a competitive 20% corporate income tax rate, averaging 23.36% from 1993 to 2017, ranking among the lowest in Europe and the OECD member countries.

1st in the Global Peace Index: Iceland has consistently secured the top spot as the most peaceful country globally for four consecutive years, starting in 2015. This ranking evaluates factors such as violent conflicts, crime rates, press freedom, willingness to engage in wars, and political integrity.”
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[av_heading heading=’Can a foreigner register company in Iceland?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llutmsw7′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Certainly, whether you’re a local or foreign investor, registering a company in Iceland is an accessible process, provided you meet some essential criteria. The fundamental prerequisites include having a resident director, a shareholder of any nationality, and a registered business address.

Für eine ausführliche und maßgeschneiderte Beratung über den Registrierungsprozess in bestimmten Staaten empfehlen wir Ihnen, mit Fionza Consultants zusammenzuarbeiten. Unsere Experten werden Ihre geschäftlichen Anforderungen gründlich erfassen, bevor sie Ihnen die optimale Unternehmensform vorschlagen. Wenden Sie sich noch heute an uns, wenn Sie umfassende Informationen und fachkundige Unterstützung bei Ihrer Unternehmenseintragung in Island benötigen.
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[av_heading heading=’Types of business entities available to register company in Iceland’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llutnnnc’ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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Before proceeding with the registration of a company in Iceland, it’s crucial to have a clear understanding of the various business structures available. Fionza Consultants will work closely with you to comprehensively assess your business needs and recommend the most suitable business entity in Iceland.

Die Wahl der Unternehmensstruktur wirkt sich in erheblichem Maße auf verschiedene Aspekte aus, z. B. auf den täglichen Betrieb, die Besteuerung, den Schutz des persönlichen Vermögens und vieles mehr. Die Wahl der richtigen Unternehmensstruktur ist von entscheidender Bedeutung, um das richtige Gleichgewicht zwischen rechtlichen Garantien und Vorteilen zu finden. Die von Ihnen gewählte Struktur wirkt sich auf die Steuerpflicht, die Möglichkeiten der Mittelbeschaffung, die Verwaltungsanforderungen und die persönliche Haftung aus.

1. Sole Proprietorship or Individual Company:

Ein Einzelunternehmen ist ein Unternehmen, das von einer einzigen Person betrieben wird. Es bietet dem Inhaber Einfachheit und Unabhängigkeit. Allerdings haftet der Inhaber unmittelbar und unbeschränkt, so dass es für große Unternehmen mit erheblichen Risiken weniger geeignet ist.

2. Limited Liability Company (Private Limited Company – Einkahlutafélög (ehf.)):

A private limited company is a common choice for foreign investors in Iceland. Directors are not personally liable for the company’s debts beyond a specified amount of liability insurance. Requirements include at least one member and manager, with specific residency criteria. Establishing an LLC in Iceland offers advantages such as low startup costs and enhanced privacy protection.

3. Public Limited Company (Hlutafélög (hf.)):

Diese Unternehmensform wird von größeren Unternehmen verwendet, die Kapital von mehreren Investoren suchen. Die Anforderungen sind ähnlich wie bei Gesellschaften mit beschränkter Haftung, aber in einigen Aspekten strenger. Eine Aktiengesellschaft muss mindestens zwei Anteilseigner und einen Vorstand mit bestimmten Anforderungen an den Wohnsitz haben.

4. Partnerships (Sameignarfélög (sf.)):

Partnership companies require at least two partners, who can be individuals or legal entities. All partners have direct and unlimited liability for the company’s obligations. Initial costs are low, and the legal framework is relatively simple.

5. Fellowships:

Diese Unternehmensform kombiniert Aspekte von Personengesellschaften und Gesellschaften mit beschränkter Haftung, wobei mindestens ein Eigentümer unbeschränkt haftet. Sie erfreut sich aufgrund der günstigen Besteuerung von Dividenden und der Vorschriften für den Fondsvertrieb großer Beliebtheit.

6. Private Foundations:

Private Stiftungen werden mit spezifischen Verpflichtungen gegründet und dienen besonderen Zwecken, oft in Verbindung mit gemeinnützigen Organisationen oder Wohltätigkeitsorganisationen.

7. Branch:

Ausländische Unternehmen können in Island Zweigniederlassungen gründen, für die die gleichen Bedingungen gelten wie für einheimische Unternehmen. Zweigniederlassungen können dieselben Tätigkeiten ausüben wie die Muttergesellschaft, benötigen jedoch eine Registrierung und einen ansässigen Geschäftsführer.

8. Representative Office:

Repräsentanzen sind nichtkommerzielle Einrichtungen, die in erster Linie Werbemaßnahmen durchführen.

Die Wahl der richtigen Unternehmensstruktur in Island ist eine wichtige Entscheidung. Fionza Consultants bietet Ihnen maßgeschneiderte Beratung, um sicherzustellen, dass Ihr Unternehmen mit Ihren Zielen übereinstimmt und die lokalen Vorschriften erfüllt. Wenden Sie sich an uns, wenn Sie umfassende Unterstützung bei der Gewerbeanmeldung in Island benötigen.
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[av_heading heading=’How to register a company in Iceland?’ tag=’h2′ style=’blockquote modern-quote’ subheading_active=” show_icon=” icon=’ue800′ font=’entypo-fontello’ size=” av-desktop-font-size-title=” av-medium-font-size-title=” av-small-font-size-title=” av-mini-font-size-title=” subheading_size=” av-desktop-font-size=” av-medium-font-size=” av-small-font-size=” av-mini-font-size=” icon_size=” av-desktop-font-size-1=” av-medium-font-size-1=” av-small-font-size-1=” av-mini-font-size-1=” color=’custom-color-heading’ custom_font=’#6ea4ca’ subheading_color=” seperator_color=” icon_color=” margin=” margin_sync=’true’ av-desktop-margin=” av-desktop-margin_sync=’true’ av-medium-margin=” av-medium-margin_sync=’true’ av-small-margin=” av-small-margin_sync=’true’ av-mini-margin=” av-mini-margin_sync=’true’ headline_padding=” headline_padding_sync=’true’ av-desktop-headline_padding=” av-desktop-headline_padding_sync=’true’ av-medium-headline_padding=” av-medium-headline_padding_sync=’true’ av-small-headline_padding=” av-small-headline_padding_sync=’true’ av-mini-headline_padding=” av-mini-headline_padding_sync=’true’ padding=’10’ av-desktop-padding=” av-medium-padding=” av-small-padding=” av-mini-padding=” icon_padding=’10’ av-desktop-icon_padding=” av-medium-icon_padding=” av-small-icon_padding=” av-mini-icon_padding=” link=” link_target=” title_attr=” id=” custom_class=” template_class=” av_uid=’av-llutor32′ sc_version=’1.0′ admin_preview_bg=”][/av_heading]

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To register your business in Iceland successfully, it’s essential to follow a series of steps. Here’s a streamlined and SEO-friendly version of the process:

Step 1: Choose the Right Business Structure Iceland offers several business structures, including Sole Trader, Partnership, Private Limited Company, Public Limited Company, Branch Office, and Representative Office. Fionza Consultants will recommend the best-fit legal entity based on your business goals and activities.

Step 2: Fulfill Registration Requirements Depending on your chosen structure, you must meet specific pre-registration requirements, such as having a local resident director and shareholder, and a registered local office address. You’ll also need to prepare essential documents like Articles of Incorporation, Business Plan, Company Constitution, and personal information of directors and shareholders. Fionza Consultants can assist with these requirements, including providing nominee director and nominee shareholder services.

Step 3: Reserve Your Company Name Before proceeding, reserve your company name with the Register of Enterprises under the Iceland Directorate of Revenue. Fionza Consultants will help you check name availability and secure the name with Icelandic authorities.

Step 4: Prepare and Submit Documents Once your company name is reserved, Fionza Consultants will prepare the necessary corporate documents, including forms and articles of incorporation. Your company will then be registered with the Icelandic Companies Registry. After successful registration, you’ll receive a Certificate of Incorporation and a certified copy of the company’s Articles of Organization.

Step 5: Open a Corporate Bank Account Simultaneously with company registration, open a corporate bank account to deposit the minimum capital. Fionza Consultants will streamline this process and assist in opening an account with a reputable bank, either in person or through negotiations with the bank. Once the account is open, you’ll receive internet banking access codes.

Step 6: Apply for a Business License Certain businesses, like manufacturing, require a business license to operate in Iceland. Fionza Consultants will guide your company through the application process to maintain legal compliance.

Step 7: Register for Taxes When establishing your business in Iceland, apply for a VAT ID number with Iceland Revenue and Customs (Directorate of Internal Revenue). Fionza Consultants’ chartered accountants will handle your entity’s tax registration and ongoing tax and accounting obligations, ensuring your business remains compliant with government policies.

Verlassen Sie sich darauf, dass Fionza Consultants Sie rechtzeitig bei Steuererklärungen, Jahresabschlüssen und anderen gesetzlichen Anforderungen unterstützt, damit Ihr Unternehmen rechtlich einwandfrei bleibt.
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Company Name: Your chosen company name must be unique and registered.
Registered Address: The official address of your company in Iceland.
Articles of Association: These documents outline the company’s structure, rules, and regulations.
Director Details: Identification and information about managing directors, supervisory directors, and any proxy holders involved.
Company Description: A brief description of your company’s purpose and activities.
Board Meeting Minutes: Documentation of the company’s decision to incorporate in Iceland.
Board Resolution for Bank Account: A formal resolution from the board authorizing the opening of a corporate bank account.

Diese Dokumente sind für die erfolgreiche Eintragung Ihres Unternehmens in Island von entscheidender Bedeutung und gewährleisten die Einhaltung der Rechtsvorschriften und einen reibungslosen Gründungsprozess.
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Die Gründung Ihres Unternehmens bringt wichtige buchhalterische und steuerliche Überlegungen mit sich. Wenn Sie diese Aufgaben Fionza Consultants anvertrauen, profitieren Sie von unserem Fachwissen. Unser engagiertes Team garantiert die rechtzeitige Fertigstellung von Jahresabschlüssen, Körperschaftssteuererklärungen und Audits, ohne dass Ihre physische Anwesenheit erforderlich ist.

Die Auslagerung Ihrer Buchhaltungs- und Steuerangelegenheiten an Fionza Consultants gewährleistet nicht nur eine pünktliche Berichterstattung und Einreichung, sondern hilft Ihnen auch, Ihre Gemeinkosten zu senken. Bevor wir mit unserer Arbeit beginnen, werden unsere Buchhaltungsexperten Sie über alle vorgeschriebenen Fristen und Erwartungen informieren. Anschließend bereiten wir die erforderlichen Unterlagen sorgfältig und rechtzeitig vor und sorgen für die strikte Einhaltung der vorgeschriebenen Fristen.

Jährliche Berichterstattung und steuerliche Anforderungen

Corporate income tax returns need to be submitted by May 31 each year, regardless of your company’s chosen tax year. Iceland enforces controlled foreign company and transfer pricing rules, including country reporting requirements, all of which our global team of experts can assist your company with.

Island erlaubt es Unternehmen, Nettobetriebsverluste bis zu 10 Jahre lang vorzutragen, was einen erheblichen Vorteil darstellt. Darüber hinaus gibt es Steueranreize für Forschungs- und Entwicklungsunternehmen.

Körperschaftssteuer

Companies in Iceland are subject to a 20% income tax on their annual profits. Non-resident companies are taxed solely on income generated within Iceland, while resident companies are taxed on worldwide income. Resident Iceland companies may apply for an exemption from corporate income tax if Iceland has a Double Tax Agreement with the owner’s country of residence.

Unternehmen mit Nettobetriebsverlusten können diese bis zu zehn Jahre lang vortragen, was ihnen Flexibilität bei der Verwaltung ihrer Steuerschulden bietet.

MEHRWERTSTEUER

In Island beträgt der Standard-Mehrwertsteuersatz für Waren 24%, und die Mehrwertsteuererklärungen müssen alle zwei Monate eingereicht werden. Exportierte Waren sind vollständig von der Mehrwertsteuer befreit, was zu Kosteneinsparungen führen kann.

Quellensteuer

Auf Dividenden, Zinsen und Lizenzgebühren wird eine pauschale Quellensteuer von 20% erhoben, was für Klarheit bei den Steuerpflichten sorgt.

Andere steuerliche Erwägungen

Kapitalgewinne aus nicht gewerblichem Eigentum und der Verkauf von Aktien werden als Kapitalerträge besteuert, wobei die Steuersätze zwischen 22,9% und 31,8% liegen. Die Sozialversicherungsbeiträge werden in Höhe von 7,61 TP3T auf alle Arbeitnehmerlöhne erhoben, und die persönliche Besteuerung schwankt zwischen 37% und 46%.

Die Zusammenarbeit mit Fionza Consultants ermöglicht es Ihnen, diese komplexen steuerlichen und buchhalterischen Anforderungen effizient zu bewältigen und sicherzustellen, dass Ihr Unternehmen die isländischen Vorschriften in vollem Umfang einhält und gleichzeitig Ihre finanzielle Leistung optimiert.
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Political Stability: Iceland boasts a pro-business government that fosters a fair and competitive environment for market-driven businesses. It actively encourages international investments and offers substantial regional incentives for new direct investment projects. Moreover, Iceland’s transparent and corruption-free governance ensures a trustworthy business climate.

Tax Benefits: Iceland offers low corporate taxes, making it an attractive destination for companies aiming to maximize profits. Additionally, various incentive programs, including those from the EU, promote small and medium-sized enterprises (SMEs), research and development (R&D), and environmental conservation. Special tax breaks for foreign businesses and workers are available, setting Iceland apart from many other nations.

Ease of Doing Business: Iceland’s compact society ensures easy access to authorities, simplifying the process of doing business. According to the World Bank’s 2019 report on business ease, Iceland ranks 14th out of 144 countries, indicating a favorable business environment with minimal bureaucratic hurdles.

Economic Strength: As a member of the European Free Trade Association (EFTA), Iceland enjoys free trade and economic integration, contributing to its robust economy. Key factors behind Iceland’s economic success include a solid institutional framework, a skilled workforce, economic freedom, democracy, and low corruption levels. Notably, the country’s thriving fishing and tourism sectors provide substantial revenue and job opportunities.

Green Energy Advantage: Iceland’s strategic location between North America and Europe ensures convenient transportation links. The nation possesses ample renewable energy resources, resulting in affordable green energy options for businesses. Long-term energy contracts further reduce costs and promote environmental sustainability.

Educated Workforce: Iceland’s workforce is highly educated and experienced, particularly in knowledge-intensive sectors. The country’s emphasis on technological innovation and its educated, multilingual population make it an ideal choice for businesses in need of skilled talent.

Technological Infrastructure: Iceland excels in infrastructure and information technology communications. With extensive connectivity and advanced communication technology, it ranks high among countries leveraging technology for business productivity.

Eine Investition in ein Unternehmen in Island bietet eine einzigartige Mischung aus politischer Stabilität, Steuervorteilen, einfacher Geschäftstätigkeit, wirtschaftlicher Stärke, Möglichkeiten für grüne Energie, gut ausgebildeten Arbeitskräften und einer hochmodernen technologischen Infrastruktur. Diese Faktoren machen Island zu einer ersten Wahl für internationale Unternehmen, die Wachstum und Erfolg anstreben.
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For investors looking to establish a company in Iceland, the process of registration, obtaining a business license, and navigating the complexities of starting a business can be overwhelming. That’s where Fionza Consultants comes in – a trusted and experienced business consultancy firm with a strong track record in assisting companies in their Icelandic ventures.

Fionza Consultants is renowned as a top company incorporation agency, known for delivering high-quality services efficiently. Our mission is to ensure your company’s successful launch in Iceland while freeing up your valuable time to focus on other critical aspects of your business. We bridge Iceland with the global business landscape, simplifying and expediting the often time-consuming process of establishing a corporation in Iceland.

Setzen Sie sich noch heute mit uns in Verbindung, um mehr über die Eintragung eines Unternehmens in Island zu erfahren. Unser Team von Fachberatern wird Ihre Anfrage innerhalb der nächsten 24 Stunden umgehend beantworten. Gehen Sie eine Partnerschaft mit Fionza Consultants ein, um Ihre Geschäftsreise in Island reibungsloser und erfolgreicher zu gestalten.
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Iceland offers numerous advantages for foreign investors which include its straightforward process of setting up a company, its consistent growth in terms of economic and social growth offering its dynamic environment to set up along with its highly skilled workforce.

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The most common entities set up in Iceland are a private limited company (limited liability company), a joint-stock corporation (public limited company), a branch office, and a representative office for foreign investors.

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Yes, a foreigner along with at least one resident director/manager can own a business in Iceland.

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The requirements for establishing an LLC in Iceland are capital of at least ISK 500,000, at least 1 resident shareholder, at least 1 resident director (local representative agent), a corporate bank account, and a registered local address.

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To proceed with company registration in Iceland, for a start, you are required to provide the notarized passport copy, proof of address, CV, and proof of income of the individual director and shareholder of the Icelandic company to be formed along with the Board of directors’ member’s notarized statement of consent to serve as a member; Statement explaining the planned business activities; and any other documents as requested by the Registrar at a later stage of incorporation.

Once Fionza Consultants receives the above, we will review the documents and provide you with an updated due diligence checklist with the list of outstanding documents.

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Fionza Consultants will incorporate a company in Iceland within 3 weeks.

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Depending on the services you require from Fionza Consultants, the total engagement fee will differ. Our services include planning and strategizing with your company, assisting you in the incorporation process, ensuring that you are compliant, and more. This total fee includes the registration fee charged by the Icelandic government.

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Businesses in Iceland are subjected to a corporate income tax rate of 20% which is the lowest in EU nations.

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Register company in Iceland

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