Iceland ehf. Company Formation & Residence Permit Calculator
Determine statutory government fees, legal costs, capital requirements, and annual corporate compliance for an Icelandic ehf.
Direct Statutory Calculation Result
Calculation Parameters (Skatturinn & Alþingi Statutory Codes)
Statutory Itemized Breakdown
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Frequently Asked Statutory Questions
What is the statutory minimum share capital for an Icelandic ehf.?
Under Act No. 138/1994 on Private Limited Companies (Log um einkahlutafelog), the minimum statutory share capital (hlutafe) for an ehf. is ISK 500,000. This capital can be deposited into a corporate bank account and utilized for operational expenses once incorporated.
What is the state registration fee for a new company in Iceland?
The Internal Revenue Directorate (Fyrirtaekjaskra hja Skattinum) charges a mandatory statutory registration fee of ISK 153,500, which includes registration, issuance of corporate identification number (kennitala), and statutory announcement in the Legal Gazette (Logbirtingablað).
Can non-EEA citizens form a company and obtain residency in Iceland?
Third-country nationals may establish an ehf., but at least one managing director or majority of board members must reside in Iceland or an EEA member state unless granted a specific exemption by the Ministry of Culture and Business Affairs. Directors can apply for a residence permit through ÚTL.
What are the annual corporate compliance obligations for an ehf.?
All Icelandic companies must prepare annual financial statements in accordance with Act No. 3/2006 on Annual Accounts (Ársreikningaskra), submit corporate tax return RSK 5.04 by May 31, and file bi-monthly VSK returns.
Is a company secretary mandatory in Iceland?
No, but companies must maintain a designated registered corporate domicile address (logheimili) in Iceland where official notices and service of process can be received.
Engr. Muhammad Shahzad
Verified Fiscal & Statutory AlgorithmistLead software architect and statutory modeling specialist with over a decade of experience designing enterprise-grade algorithmic frameworks, double-entry financial models, and statutory compliance engines across European and global regulatory jurisdictions.
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Nordic North Atlantic & Icelandic Fiscal Framework Architect
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.