Schmidt & Schmidt provides extracts from the commercial register of Faroe Islands with a translation and legalization.
Faroe Islands is an archipelago in the North Atlantic Ocean. Along with Greenland, this is an autonomous county of the Kingdom of Denmark. It is a so-called “devolved” government within the parliamentary constitutional monarchy, with Queen Margrethe II as the head of state. Local currency is the Faroese króna – a local version of the Danish krone, issued by the Danish National Bank. Official languages are Faroese and Danish. Although Faroe Islands are a part of Denmark, they are not a part of the European Union.
The core of the local economy is the fishing industry that makes up 94% of exports. 62% of population are employed in the service industry. Faroe Islands rank at #44 in the list richest territories in the world by GDP (PPP).
Faroe Islands are not blacklisted as an offshore centre or a tax haven by the EU or OECD.
Business activities on the Faroe Islands are regulated by, inter alia, the Companies Act and the Home Rule Act. The Faroese legislation based on the Danish one.
Main types of businesses on Faroe Islands
There are two institutions responsible for registration of companies; they keep their own separate registers.
The jurisdiction of the Faroese Company Registration Department (Skráseting Føroya) covers:
- Public limited companies
- Limited liability companies
- Funds
- Branches or subsidiaries
- Savings banks
- Insurance companies
Faroese Tax and Customs Department manages the business register (Vinnuskráin), which includes:
- Individual entrepreneurs
- Partnerships
- Associations
- Some public companies
Extracts from commercial register of Faroe Islands contain following information:
- Full legal name
- Type of business
- Legal address
- Contact information
- Current status (active/inactive)
- Main activities
- Shareholders
- Registered capital
- Management
- Affiliated companies
- Corporate statistics
To get a required document, we will need the following information about a company:
- Full legal name
- Registration number
| Service | Price incl. German VAT 19% | Price excl. VAT |
|---|---|---|
| Price for an Electronic Extract | from 23,80 € | from 20,00 € |
| Price for an Extract with Apostille without international shipping | from 833,00 € | from 700,00 € |
The document contains information about all changes made in the company, such as:
- Name change
- Changes in the Board of Directors
- Changes to the signature right
- Other changes
| Service | Price incl. German VAT 19% | Price excl. VAT |
|---|---|---|
| Price for a Document of Changes | from 23,80 € | from 20,00 € |
| Price for a Document of Changes with legalization without international shipping | from 833,00 € | from 700,00 € |
An extract from the business register of Faroe Islands can be used in order to:
- Obtain detailed information about potential business partners
- Negotiate foreign trade agreements
- Register legal entities with foreign participation
- File legal claims
An extract is provided in the form of a PDF-file in the Danish language. Original documents can be translated, sent by post, in a notarised or apostilled form.
We provide extracts from the register in strict compliance with the legislation of the Faroe Islands and the General Data Protection Regulation.
Inquiries are processed within one working day. Courier delivery of apostilled documents is paid separately by courier service tariffs.
Legalization of extracts from commercial register of Faroe Islands
Faroe Islands have NOT acceded to the The Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents.
Therefore, the documents issued in Faroe Islands are NOT subject to a simplified apostilling procedure, thus the documents have to be legalized directly via the consulates of Denmark.
Schmidt & Schmidt offers assistance in legalization process.
You can order free preliminary availability check of required information on our website.
In addition, you can order certified translation from Danish.
