Importance of a Formal Business Registration in Iceland

 

https://pl.ivisa.com/iceland-pre-registration-form 

 

 The requirements for Iceland business registration are very simple for those who want to start a new business. Anyone, whether a company or an individual, can apply for Iceland registration. Either you can apply to an individual registration, or for an office for corporate purposes. Before you file your documents or information on your Iceland business registration application, there are a few things you should remember. 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 registration number, the name of the company and the word "Iceland", must be included on both the front and back of the form. It is advisable to carry a hard copy along with you whenever you visit Iceland or request for Iceland company documentation. 

 

 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. You must pay a nominal fee of $100 to register your company. 

 

 If you are looking forward to opening an office in Iceland, then the process of registering your company also involves paying the fee. After paying the fee, you will receive a registration certificate. The office of corporate affairs in Iceland is not able to help you register an Iceland company. Any of the online companies can help you with this. 

 

 If you want to start a business in Iceland, then the procedure of registering in Iceland is very easy. 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. 

 

 The annual reports of registered companies must also be submitted. The report should show the details of the activities carried out in the previous years. These documents are kept by the government as proof of the financial health of Iceland companies. Therefore, it is very important for the businesses to seek the help from the professionals, who can help them in registering their businesses in Iceland.