Starting a business

Practical information on how to start and run a business in Iceland.

This guide aims to outline what your options are and how to identify, find and navigate the relevant information from the various different authorities you will need to deal with when starting your new business. It gives some basic guidance on business planning for startups, financial and legal requirements, and some useful resources to help you start your business.

  • Introduction

  • Find Support

  • Income tax and VAT

  • Employer payroll

  • Business Structures

  • Developing products & services

  • Market & Customer Research

  • Choosing a name

  • Marketing Communication Plan

  • E-commerce & online sales

  • Business@home

  • Part time business

  • Intellectual property

  • Common mistakes

  • Useful links