Legal and costs Archives - http://aroundthebusiness.com http://aroundthebusiness.com Business around the world Wed, 21 Feb 2018 06:46:54 +0000 en-GB hourly 1 https://wordpress.org/?v=5.9.9 https://i0.wp.com/aroundthebusiness.com/wp-content/uploads/2017/09/cropped-100x100-miniaturka.png?fit=32%2C32 Legal and costs Archives - http://aroundthebusiness.com http://aroundthebusiness.com 32 32 163121780 How much does it cost to have a company in Iceland http://aroundthebusiness.com/iceland-cost-of-company/ http://aroundthebusiness.com/iceland-cost-of-company/#respond Wed, 07 Mar 2018 08:39:55 +0000 http://wp.magnium-themes.com/himmelen/himmelen-1/?p=63 Iceland is a modern country with considerably big earnings and strong legal system but at the same time really expensive, therefore is it worth to set up a company in Iceland?Iceland is the 20th Economy out of 189 in terms of Ease of Doing Business. The score is based on time and cost to meet government requirements with starting a business, operating, trading across borders and paying taxes. Which should mean that it’s a business-friendly country with uncomplicated procedures.Let’s analyse that.The best legal form of a companyIn terms of taxes the most favourable solution is to open a private limited liability company. More beneficial than having a sole proprietorship or even to be an employee. Also in terms of rights and responsibilities it’s way better.Below I’ve juxtaposed data and taxes of these three most popular kinds of earning liabilities:Private Limited company (ehf on Iceland - einkahlutafélag):Set up cost is 130.800...

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