IcelandKey facts
- Region
- Nordics / EEA
- Corporate tax
- 20%
- VAT
- 24%
- Currency
- ISK
- Time zone
- GMT
- Language
- Icelandic
Key advantages
- 20% corporate tax.
- Cheap renewable energy (data centres).
- EEA, stable rule of law.
Entity types
| Type | Full name | Tax | VAT | Min. capital | Setup time | Best for |
|---|---|---|---|---|---|---|
| ehf. | Private limited company | 20% | 24% | ISK 500,000 | 2–4 weeks | SMEs |
Frequently asked questions
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Company type· Iceland
Get advice on starting up in Iceland
Klaus Garde Nielsen advises on jurisdiction choice, structure and practical setup.
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