Extracts from commercial register of Faroe Islands

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

Search in the register is not free of charge. Results will be available within 3-5 days after request submission.

To get a required document, we will need the following information about a company:

  • Full legal name
  • Registration number

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 notarised translation from Danish.

Service Price incl. German VAT 19% Price excl. VAT
Price for an Electronic Extract from 119,00 from 100,00
Price for an Extract with Apostille without international shipping from 833,00 from 700,00

Do you have any questions about the offer? Contact us and arrange a free of charge consultation!

In our video we explain the definition and function of a commercial register and how you can verify the reliability and solvency of your foreign business partner.

Should you wish to check the sincerity of your foreign business partner’s request, Schmidt&Schmidt will gladly assist you.

We offer extracts from the commercial registers of more than 100 different registers in countries spread all around the globe. Additionally, we offer annual statements for a variety of companies. The original extract from any commercial register can be sent to you by mail or as a pdf-file via e-mail. Besides that, commercial register extracts can be authenticated with an apostille.

SEPA Bank Transfer

Electronic extract

Within 24 hours after payment you will receive an email containing an electronic extract in PDF

No subscription

You can order without registration and subscription

Convenient payment options

You can pay via bank transaction, PayPal or Credit Card.

Proper invoicing

You will receive all closing documents required for VAT accounting, such as invoices and certificates of completion.