Iceland

Operating a business

Different types of companies	Number of partners/shareholders	Maximum and/or minimum capital	Liabilities	Registration fees
Einkahlutafelag is a Private Limited Company.	No minimum.	Minimum ISK 500,000.	Liability is limited to the amount contributed.
Hlutafelag is a Public Limited company.	Minimum 2 partners.	Minimum ISK 4 million.	Liability is limited to the amount contributed.

Business setup procedures: All legal entities have their own registration centre. Foreign investors willing to set up in Iceland should contact:
- Icelandic Bar Association:
Lögmannafélag Islands
Alftamyri 9
108 Reykjavik Iceland
- Registry of Limited-Liability Companies:
Hlutafélagaskra
Laugavegi 13 101 Reykjavik.

Minimum wage: No minimum wage is mandated by law, but the minimum wages negotiated in various collective bargaining agreements applied automatically to all employees in those occupations
Social contributions