http://www.bridgewest.eu/company-formation-Iceland offers to You this presentation where You will discover all necessary information about how to open a company in Iceland. The clients will benefit from the assistance of local lawyers. http://www.bridgewest.eu is specialized in business formation in Europe and offshore jurisdictions. Please contact us for more information at office@bridgewest.eu

1. How to open a company in
Iceland
A presentation brought to You by
BridgeWest.eu

2. Types of companies in Iceland
• Public Limited Liability
• Private Limited Liability
• General Partnerships
• Limited Partnerships

3. Public Limited Liability
• This company can be set up by at least two
partners and more
• The minimum share capital for this company is
4 million ISK
• The partners who provide a part of the capital,
will receive shares with a nominal value
• The partner's liability for the company's debts
and obligations is limited to the amount
invested in the company.
• The company can offer its shares to the public

4. Private Limited Liability
• This company can be set up by at least one
person
• The minimum share capital requested is of
500.000 ISK
• The shareholder meetings are required if the
company has more then one shareholder
• The liability of the members are limited to
their amount invested in company
• The company can sell its shares to the public

5. General Partnerships
• The company can be established by at least
two persons
• The partners are general in this type of
company
• The partners are fully liable to company's
debts and obligations risking their own
personal assets.
• The company must be registered with the
Trade Register to be considered a legal
entity.

6. Limited Partnerships
• The company can be established by at least
two members
• There are at least one general partner and
one limited
• The company should be registered with the
Trade Register to be considered a legal
entity.

7. Steps for company formation in Iceland
• Providing a unique name for the company
• Providing a set of identification documents
• Drafting the registration documents
• Opening a bank account
• Submitting the company registration documents with
the Register of Limited Companies.

8. Necessary documentation and
information
• providing passport copies of the shareholders
and directors
• setting-up a bank account for the injection of
the share capital
• submitting the company registration file with
the Register of Limited Companies
• Registering for VAT

9. Requirements for Company Formation in
Iceland
• Any person of any nationality or residence can
be a shareholder in a Icelandic company
• The company can have at least one director
• The company must hold a local registered
office

10. Services Provided for Company
Registration in Iceland
• drafting the Articles of Association
• offering a Registered Office in Iceland
• setting up a share capital bank account
• recommending an Islandic accountant

11. Thank you for your attention
Please contact us for more information at
office@bridgewest.eu
www.bridgewest.eu/company-formation-Iceland
Ph./Fax: (+44)203-287 0408