Iceland has a robust network of support for new and growing businesses. Icelandic Startups (icelandicstartups.is) is often the first stop for aspiring founders, offering free guidance on business registration, developing a business model, and navigating public resources. Their “Startup Guide” sessions and mentoring programs are available in English and help demystify the local legal and tax framework. 

Business Iceland (islandsstofa.is) is another useful resource, particularly for those looking to understand Iceland’s business environment and connect with relevant institutions. For administrative steps like company registration, tax setup and compliance, newcomers should consult the Directorate of Internal Revenue (skatturinn.is) provides online guides, downloadable forms, and English-language support for registering your company, applying for VAT, and understanding compliance requirements.

Written by Yessica Klein
Main photo by Business Iceland