There are many first associations when it comes to Iceland. Iceland's extraordinary and beautiful nature, with its impressive glaciers and hot springs basking in the glow of the Northern lights, would leave anyone speechless. Only then does one remember Iceland's people and the economy of this picturesque island.
Iceland has one of the world's highest GDP per capita rank (8th at the moment) and retains a great position in the ranking of eco-friendly countries. Furthermore, according to the United Nations World happiness report, Iceland's residents hold 4th place. Considering all these facts, we're certain that Iceland contains perfect working conditions.
Disclaimer: Be aware that this article is not a substitute for legal advice. Please always check official websites or seek legal advice before you take action.
The sole proprietorship registration process in Iceland
Business name registration in Iceland
Sole proprietorship's name has to be registered under your full name, but first names may be abbreviated, according to the Act respecting Firms. On the Icelandic government's website, you can find the information that you can also register your firm with the Business Register at the Directorate of Internal Revenue, and obtain a special name. This registration process costs around EUR 435.