Become a part of the Nordic island's $32.3 billion GDP in 2025 with company registration in Iceland with Enterworld support. Enjoy low corporate tax rates, access to the EEA market, green energy & more growth & success!
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Let Enterworld consultants simplify the journey of business setup in Iceland.
5 to 10 Working Days
Company Registration
No
Travel Required?
2 to 3 Weeks
Bank Account Opening
No
Local Director?
Special offer
A private limited company or Einkahlutafélag is one of the most common types of company registration in Iceland. This business structure mandates a minimum share capital investment of ISK 500,000 and restricts the liability of the shareholders to the capital invested in the business. A public limited company or Hlutafélag is another type of business structure in Iceland, which is ideal for large business entities. It mandates a minimum capital investment of ISK 4,000,000. It is entitled to offer shares to the public. Sole proprietorship or Einstaklingsfyrirtæki is another type of company registration in Ireland that is owned and operated by a single owner. While it does not mandate any minimum capital investment, the owner is fully responsible for personal liability, debts and responsibilities. A general partnership or Sameignarfélag is another type of company structure available in Iceland, and it can be formed by two or more individuals. While it does not require any minimum capital, partners share unlimited liability and responsibilities to run the business. Limited partnership or Samlagsfélag is a type of online company formation in Iceland. While the general partners have to bear the unlimited liability, the liability of limited partners is restricted to the amount invested in the business. Cooperative society or Samvinnufélag is another type of business setup in Iceland. It is a member-owned organization that aims to fulfil common economic, social, and cultural needs. The profits are distributed among its members. Self-governing foundation or Sjálfseignarstofnun is the company type suitable for non-profits that are setup to meet specific purposes. Nonprofits are not owned by individuals but are governed by a board of directors. The branch of a foreign company is another type of structure available for company registration in Iceland, which facilitates foreign companies to operate without the need to set up a separate legal entity. However, a branch office must register with the concerned Icelandic authorities. Iceland is a beautiful Nordic Island country between the North Atlantic and the Arctic Ocean. Known for its scenic landscapes, it has now become one of the most popular business destinations for global entrepreneurs for business setup in Iceland for the following reasons: Connecting Europe and North America, company registration in Iceland is an ideal choice for global entrepreneurs to use the transatlantic trade route (TTR) for international expansion. Iceland offers a competitive corporate tax rate of 20% and other incentive support, helping global investors boost profitability and enjoy long-term growth. Iceland offers access to a highly educated, English-speaking, and tech-savvy workforce that is ideal for startups and global businesses to operate successful ventures there. Company registration in Iceland offers various benefits to global investors to leverage its robust legal framework and stable economy to enjoy a profitable venture. Key benefits include the following: +1k Customers Iceland is strategically located, bridging the gap between North America and Europe. Its location is advantageous in helping entrepreneurs start a business in Iceland for profitable returns. Iceland benefits from a strong GDP and a low inflation rate. This feature enables investors to enjoy tax-free company registration in Iceland and boost profitability through its investor-friendly business climate. Business setup in Iceland allows foreign investors to own 100% shares in the ventures registered there. It also enables them to launch their ventures without needing a local partner, ensuring complete control and profit retention. One of the most significant advantages of company incorporation for non-residents in Iceland is that it enables them to access low-cost, 100% renewable energy benefits across various industries, including data centres, manufacturing, and green technology firms. Online company formation in Iceland allows global businesses to use the country's highly educated and English-speaking workforce. Skilled in tech, biotech, and innovation-driven businesses, the local talent pool eliminates the need and risk of international hiring. A competitive corporate tax rate of 20% enables entrepreneurs to benefit from deductions and exemptions available with company registration in Iceland. Business setup in Iceland is a streamlined, digital, and simple process. International entrepreneurs and investors can complete the process hassle-free, usually within a few days. Iceland is a part of the EEA, which helps businesses registered there to benefit from seamless access to European markets. Businesses can also use the regulatory alignment and free trade advantages to boost sales and profitability.
Business Structures in Iceland
Join Conducive Investment Climate of Iceland
Private Limited Company (Einkahlutafélag – ehf.)
Public Limited Company (Hlutafélag – hf.)
Sole Proprietorship (Einstaklingsfyrirtæki)
General Partnership (Sameignarfélag – sf.)
Limited Partnership (Samlagsfélag – slf.)
Cooperative Society (Samvinnufélag)
Self-Governing Foundation (Sjálfseignarstofnun – ses.)
Branch of a Foreign Company
Company Formation in Iceland
Why Entrepreneurs Go for Business Setup in Iceland?
Strategic Location
Low Corporate Tax
Skilled, English-Speaking Workforce
Benefits of Company Registration in Iceland
Strategic Location
Stable Economy
100% Foreign Ownership Allowed
Renewable Energy Advantage
Skilled Workforce
Business-Friendly Tax Regime
Efficient Incorporation Process
Access to the EEA Market
Documents Required
Documents Required for Business Setup in Iceland
Amazing Business Ideas
Profitable Business Ideas for Company Registration in Iceland
Tourism & Travel Services
Renewable Energy Projects
Fishing & Seafood Processing
Tech & Software Development
Data Centres & Cloud Services
Film & Media Production
Health & Wellness Tourism
Import-Export Trade
AgriTech & Organic Farming
10 Reasons to Choose Enterworld
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FAQs on Online Company Formation in Iceland
Company registration in Iceland is a stepwise and streamlined process. The overall process starts with choosing an ideal business structure, collecting and submitting the required documents, filing an online incorporation application and obtaining a tax ID. If all the steps are completed on time, it takes 5 to 10 working days to start a company in Iceland.
Yes, global investors are eligible for company incorporation for non-residents in Iceland. Since Iceland has a robust digital network in place, non-residents can complete the incorporation formalities remotely without the requirement of onboarding a local director. Enterworld offers Iceland corporate services, and you can consult us for more details.
Yes, global entrepreneurs and investors can proceed with online company formation in Iceland thanks to Iceland's strong digital infrastructure, which enables end-to-end remote company registration. As a foreigner, you can submit documents, file a registration application and communicate with Icelandic authorities without physically travelling to Iceland.
Business setup in Iceland offers various benefits to global entrepreneurs, including a low corporate tax of 20%, 100% foreign ownership and access to the vast EEA market. Iceland's robust infrastructure and investor-friendly policies offer a support system, helping businesses grow and expand in the country and the region.
Offshore company incorporation in Iceland mandates global investors to obtain a local and address and submit the details of all shareholders. They must also ensure business registration with the Icelandic Register of Enterprises. However, some businesses may need to obtain additional licenses to operate legally.
Online company formation in Iceland is a systematic and stepwise process. Based on the type of business structure, accuracy and completion of the documentation and other processes, it usually takes 5 to 10 working days. This timeline may, however, vary if there are any discrepancies in the file procedure or documentation process.
Yes, Enterworld is a trusted consultant offering Iceland corporate formation services. We offer consultation to help businesses choose the type of legal structure that aligns with their needs and objectives. We also assist with paperwork completion, virtual office setup, VAT registration, compliance management, and corporate bank account setup.
While Iceland does not offer full tax-free company registration, it offers various incentives, including a low corporate tax rate of 20%. Entrepreneurs can leverage Iceland's business-friendly environment, green energy and robust digital infrastructure for growth and scalability.
Offshore business laws in Iceland promote a transparent and business-friendly environment. These laws ensure businesses adhere to transparency regulations and encourage international cooperation. They also help discourage tax evasion, aligning with ethical cross-border operations.
While global entrepreneurs do not require a visa for company registration in Iceland, you may require Iceland business visa assistance if you plan to live or work in Iceland. As a trusted partner for global clients, we can help you with your visa requirements as well as online company formation in Iceland.
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