What are the types of companies in Iceland?

There are different types of companies in Iceland. Here are some:

1. Einzelunternehmen (Individual Business): This is a type of company run by a single person. The company owner makes all decisions alone and takes full responsibility for the company.

2. Hlutafélag (Joint Stock Company): This type of company is a company owned by at least one shareholder and shares may be publicly traded. Shareholders contribute to the management of the company and receive dividends.

3. Einkahlutafélag (Limited Liability Company): In this type of company, partners have limited liability and are not personally liable for the company's debts. The number of partners is limited and they participate in the management of the company.

4. Samlag (General Partnership): In this type of company, partners participate equally in the management of the business and make decisions together. Partners are personally liable for the company's debts.

5. Félagasamtök (Association): This is a type of non-profit organization. Associations are organizations formed by people who come together around a specific purpose or goal. These are just a few examples of some Icelandic company types. There may be different types of companies depending on business activities and needs.



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