What are the documents required to establish a company in Faroe Islands?
To establish a company in the Faroe Islands, you will need the following documents:
1. Company registration application form: You must fill out an application form that includes the company's name, address, field of activity and other basic information.
2. Company agreement: You must prepare a contract that determines the purpose of the company's establishment, management structure and relations between shareholders.
3. Key documents of the company: You must submit key documents containing information such as documents regarding the establishment of the company, identity documents of the shareholders, the address and representatives of the company.
4. Financial information of the company: You must submit a financial statement showing the financial position of the company.
5. Company liability insurance: You must have liability insurance against damages that may arise from the company's activities.
6. Tax registration of the company: You must apply for a tax registration documenting the tax liability of the company.
7. Company bank account: You must open a bank account for the company's activities. By completing these documents and submitting them to the relevant institutions, the company establishment process is completed. However, it is best to check with the competent authorities to find out the specific legal requirements and procedures in the Faroe Islands.
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