Foreign companies in the Faroe Islands
Foreign companies that come to the Faroe Islands to work must comply with certain rules, depending on whether they have a permanent establishment in the Faroes or not.
When foreign companies plan on working in the Faroe Islands for more than 12 months, they must register a permanent establishment here.
The registration form should be sent to TAKS together with details about the company in the Faroes. Copies of the company registration in the native country must also be enclosed. The registration form must be signed by the relevant manager or guarantor.
According to the VAT Act, foreign companies that do not have a permanent establishment in the Faroes, do not fall under the jurisdiction of the Faroes and are not Danish state institutions, must have a representative in the Faroes. The representative and the foreign company have joint responsibility. The foreign company must complete and sign the registration form.
The representative must complete and sign the form "Representative in the Faroe Islands on behalf of a foreign company". If the representative has a power of attorney, the representative can complete and sign the form alone. In this case, the power of attorney must be enclosed.