Importance of a Formal Business Registration in Iceland
https://pl.ivisa.com/iceland-pre-registration-form
For those who are looking forward to starting a new business in Iceland, the requirements for Iceland business registration are rather simple. 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. You must file your company name in the form that your company name is with the designated municipality (the principal). 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 advisable to carry a hard copy along with you whenever you visit Iceland or request for Iceland company documentation.
Moreover, there is another set of rules that you have to follow for establishing your own business or for applying for an office in Iceland. First of all, you have to decide the capital value of your business before registering it. 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.
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. However, the office of corporate affairs in Iceland does not provide any help for registering an Iceland company. Any of the online companies can help you with this.
Registering in Iceland is easy if you are looking to start a business. First of all, you have to select one of the available options of the online companies. Then, fill the online form and submit the same. In a day or two, you will be informed about the registration as well as the approval of the 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. It is important that businesses seek professional assistance in Iceland to register their businesses.