Business
The einkahlutafélag (ehf) registered at the tax authority
The private limited company (ehf) is the standard vehicle, requiring ISK 500,000 in capital and registered with the Register of Enterprises at Iceland Revenue and Customs.
Key rules
- An ehf needs minimum share capital of ISK 500,000.
- Companies register with the Register of Enterprises (fyrirtækjaskrá) at Skatturinn.
- A public limited company (hf) needs ISK 4 million and is used for larger ventures.
Governing law
- Act on Private Limited CompaniesEinkahlutafélög
In practice
EEA membership means Icelandic company and market rules track EU single-market law closely despite Iceland being outside the EU.