ábyrgðarhlutverkaskiptingu
Ábyrgðarhlutafélag is the Icelandic term for a limited liability company. It is a legal structure that separates the personal assets of its owners, the shareholders, from the debts and liabilities of the company. This means that if the company incurs debts or faces lawsuits, the shareholders are generally only liable up to the amount of their investment in the company. This feature is the primary reason for its "limited liability" designation.
Establishing an ábyrgðarhlutafélag in Iceland involves a registration process with the Icelandic Enterprise Registration. Key requirements
Ábyrgðarhlutafélag is a common legal form for businesses of all sizes in Iceland, from small startups to