establish a company in iceland
DESCRIPTION
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 [email protected]TRANSCRIPT
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How to open a company in Iceland
A presentation brought to You by BridgeWest.eu
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Types of companies in Iceland
• Public Limited Liability
• Private Limited Liability
• General Partnerships
• Limited Partnerships
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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
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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
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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.
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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.
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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.
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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
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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
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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
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Thank you for your attention
Please contact us for more information at
www.bridgewest.eu/company-formation-Iceland
Ph./Fax: (+44)203-287 0408