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Iceland Legalities

Business isn't as easy in some countries as it is here in the UK. You need to be aware of the cultural and legal implications of your business operations in Iceland, because you could face heavy punishment for transgressing.

It is therefore important to acclimatise yourself with the law in Iceland. There will be many legalities that you will have to adhere to, and you may even find that some laws you are familiar with here in the UK are no longer applicable. Likewise, you may find some new laws which strike you as strange or even oppressive.

Some of the areas to investigate are:

Labour Laws

The body of laws, administrative rulings, and precedents which oversees the legal rights of, and restrictions on, employees and their organisations in Iceland. This will include things such as minimum wage in Iceland, holiday and maternity entitlement, ergonomics, trade unions, disability, etc.

Commercial Laws

The body of laws which oversee business and commercial activity in Iceland. It may encompass such areas as principal and agent; freight and shipping; guarantee; marine, fire, life and accident insurance; bills of exchange and partnership; contracts; food and health regulations; safety laws; privacy rights; copyrights; trademarks; etc.

Civil / Common Law

The body of law that oversees society in Iceland. It is invariably culture specific. It is important to familiarise yourself with these laws, especially as you will be adopting a new environment and culture.

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