The requirements for Iceland business registration are very simple for those who want to start a new business. Any person, including a company or an individual has to apply for a registration in Iceland. Either you can apply to an individual registration, or for an office for corporate purposes. However, there are some important points you need to remember, before filing your documents and information on your Iceland business registration form. These points are discussed below.
Iceland is a member of the European Union, that's why you have to file your documents as if the country is an EU member. Therefore, you have to file your company name in the form of your company name with the designated municipality (the capital). The name of the company, the word "Iceland" and the registration number have to be present on the front and on the back of the form. It is recommended to bring a hard copy with you when you visit Iceland or request documentation from Iceland.
There are additional rules you must follow to establish your business or apply for an Icelandic office. Before you register your business, you must determine its capital value. The capital value is equal to the market price of the most recent sale of the same stock of a company. If you want to register your company, you have to pay the nominal fee, which is not more than $100.
The registration fee is required if you plan to open an office in Iceland. After paying the fee, you'll receive a certificate of registration. However, the office of corporate affairs in Iceland does not provide any help for registering an Iceland company. You can seek the help from any of the online companies, which provide complete help in this regard.
Registering in Iceland is easy if you are looking to start a business. First, choose one of the available online companies. Then, fill the online form and submit the same. Within a few days, you will receive information about the registration and the approval of your document by the Icelandic authorities.
Moreover, the registered companies have to submit their annual reports. The report should include details about the activities that were carried out during the previous year. These documents are kept by the government as proof of the financial health of Iceland companies. It is important that businesses seek professional assistance in Iceland to register their businesses.