Sameignarfélag (sf.), partnershipIceland
What it takes to form, own and run a general partnership in Iceland, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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allir félagsmenn bera beina, óskipta og ótakmarkaða ábyrgð á skuldbindingum félagsins
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Stofnendur og síðar félagsmenn í sameignarfélagi geta verið lögráða einstaklingar og lögaðilar.
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A partnership meeting can decide that a board shall be appointed in a partnership.
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whether the partners shall contribute capital to the partnership and then the value thereof
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Lögaðilar sem bera 37,6% tekjuskatt eru samlagsfélög og sameignarfélög sem eru sjálfstæðir skattaðilar
Form it
Who registers it
- Registry
- Formed without visiting
- Yes
- Formed online
- Not stated
The registry’s and the law’s own pages do not mention it.
What it takes to form
Not in our records A notary, A resident director, Paying up the capital: none of these is in our records for the Sameignarfélag (sf.), partnership.
Own it
Who may own and run it
- Directors
- At least 0
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A partnership meeting can decide that a board shall be appointed in a partnership.
- Shareholders
- At least 2 · a company may be one
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Stofnendur og síðar félagsmenn í sameignarfélagi geta verið lögráða einstaklingar og lögaðilar.
- Members
- At least 2
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samstarfsform sem byggist á samningi tveggja eða fleiri aðila um sameiginlega fjárhagslega starfsemi
- A local company secretary
- Not stated
The registry’s and the law’s own pages do not mention it.
- A local registered agent
- Not stated
The registry’s and the law’s own pages do not mention it.
Each year, at the registry
- Annual registry fee
- Not stated
The registry’s and the law’s own pages do not mention it.
- Accounts on the public record
- Small exempt
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Sameignarfélög og önnur félög með ótakmarkaða ábyrgð félagsaðila, svo sem samlagsfélög, þurfa einnig að skila ársreikningi ef: Félagsaðilar eru eingöngu félög sem talin eru upp hér að ofan eða ef ábyrgðaraðili er félag sem er talið upp hér að ofan.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Sameignarfélag (sf.), partnership are in our records.
What is public
- Directors
- Public
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hægt er að nálgast ítarlegri upplýsingar, svosem stjórn, prókúru og fleira með því að sækja gjaldfrjálst yfirlit í gegnum vefverslun
- Beneficial owners
- Public
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hægt er að nálgast ítarlegri upplýsingar, svosem stjórn, prókúru og fleira með því að sækja gjaldfrjálst yfirlit í gegnum vefverslun
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Owners choose · 37.6%
A sameignarfelag that is an independent taxpayer (stated in the partnership agreement) pays the upper-step corporate rate of 37.6%; otherwise its profit is taxed in the partners' hands.
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Lögaðilar sem bera 37,6% tekjuskatt eru samlagsfélög og sameignarfélög sem eru sjálfstæðir skattaðilar
- CFC rules in Iceland
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
Not in our records Route, Statutory fee: none of these is in our records for the Sameignarfélag (sf.), partnership.
Every business in Iceland
VAT
- Standard rate
- 24%
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The standard rate of VAT in Iceland is 24%.
- Other rates
- 11% Rental of hotel and guestrooms and other commercial accommodation, campgrounds, catering and sale of food, alcohol, travel agents and tour operators, passenger transport, and self-employed guides
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The reduced rate of VAT in Iceland is 11% and applies to the sales of following goods and services
- Registration threshold
- ISK 2,000,000 · about €14,684
sales of taxable goods and services; each twelve-month period from the beginning of business activity
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Exempt from the obligation to register for VAT are those who sell labor and services that are exempt from VAT and those who sell taxable goods and services for 2.000.000 ISK or less in each twelve-month period from the beginning of their business activity
- A foreign company
- The same threshold applies; needs a local tax representative
A foreign business selling taxable goods and services in Iceland is liable on the same terms as an Icelandic company and registers when the conditions are met. One selling taxable services without a permanent establishment in Iceland must entrust an agent domiciled in Iceland to act as its representative, collect the VAT and remit it.
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Foreign taxable persons selling taxable goods and services in Iceland are liable for VAT according to the same rules and regulations as Icelandic companies and shall be registered for VAT if the conditions for registration are met.
- Returns filed
- Depends on the business
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In general each VAT settlement period is two months
- Tax authority
- Registration page read 2026-10-22
Payment and banking services
4 services name Iceland on their own list: Paysera, Airwallex, Revolut, N26. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- General partnershipDerived our grouping, the same words in every country
- Name in law
- Sameignarfélag (sf.), partnership
- Identifier
- IS-PARTNERSHIPA form ISO 20275 does not list.