Currency
Icelandic Króna (ISK)
Capital
Reykjavik
Official language
Icelandic
Salary Cycle
Monthly
Our Guide in Iceland
Browse the following tags to learn all about Iceland
Essential Government and Departmental Resources for Overseas Companies in Iceland (2025)
As businesses expand their operations internationally, it is crucial to understand the local regulations that govern their activities. In 2025, Iceland continues to provide various resources for overseas companies looking to establish a presence. This article presents a comprehensive list of relevant government websites, alongside pertinent points regarding company registration, tax submissions, labor laws, and visa applications.
Government Websites for Business Operations in Iceland
| Department | Website | Purpose |
|---|---|---|
| Company Registration | RSK | Online service for business registration and relevant documentation. |
| Tax Administration | Skattur | Tax registration, filing tax returns, and understanding tax obligations. |
| Labor Regulations | Vinnumálastofnun | Information on labor laws, employee rights, and workplace standards. |
| Visa Applications | Utanríkisþjónusta | Guidelines on visa processes for employees and business representatives. |
Key Policies and Interpretations for Operating in Iceland
In 2025, the following key policies are essential for smooth business operations:
- Company Registration: Ensure compliance with Iceland's regulations by providing necessary documents such as identification and proof of business activities.
- Tax Compliance: Understand the corporate tax rates and various deductions available. Filing taxes accurately and on time is critical to avoid penalties.
- Labor Laws: Adhere to the Icelandic labor law that emphasizes fair employment practices, minimum wage standards, and employee rights.
- Visa Regulations: Follow the stipulated procedures for obtaining work commitments and residency permits for expatriate employees.
Operational Steps and Cautions
When establishing a business in Iceland, it is vital to follow these operational steps:
- Conduct thorough market research to understand the local business environment.
- Gather all necessary documentation for company registration and tax compliance.
- Consult legal experts familiar with Icelandic law for navigating labor regulations.
- Thoroughly review visa requirements for all employees to ensure compliance.
Important considerations:
- Always keep abreast of changes in regulations, as policies can evolve rapidly.
- Engage with local legal and business advisors to align your operations with Icelandic standards.
- Explore services offered by SailGlobal to assist with navigating overseas business complexities.
Disclaimer
The information and opinions provided are for reference only and do not constitute legal, tax, or other professional advice. Sailglobal strives to ensure the accuracy and timeliness of the content; however, due to potential changes in industry standards and legal regulations, Sailglobal cannot guarantee that the information is always fully up-to-date or accurate. Please carefully evaluate before making any decisions. Sailglobal shall not be held liable for any direct or indirect losses arising from the use of this content.Hire easily in Iceland
Compare employee hiring costs across over 100 countries worldwide, helping you accurately calculate labor costs. Try it now
Cost Calculator
Please select the country/region you wish to recruit from, and the calculation can be done with just a few clicks.
USD