WhatsApp quoteGoldenKey handles Excise Tax Registration for the companies we form and for businesses that come to us later, so the process is routine for our tax team. Excise Tax Registration is registering for excise tax on tobacco, energy drinks, carbonated drinks and sweetened beverages, and it applies to importers, producers and stockpilers of excise goods, and operators of excise warehouses. Icelanders are a very small community, mostly in aviation, seafood and technology, so the Excise Tax Registration authority, the banks and the immigration officers see Icelandic applications every day and process them without hesitation. In our experience, icelandic seafood and clean-energy know-how reach the Gulf through Dubai, which gives Icelandic entrepreneurs a ready market and supply chain the moment their Excise Tax Registration licence is issued.
Why Excise Tax Registration
Keeping records for five years, issuing compliant invoices and filing on time are the ongoing obligations that follow Excise Tax Registration. In practice, the steps for Excise Tax Registration are: register on EmaraTax as an excise taxable person, register each product on the FTA product list, apply for a designated zone if warehousing and then file monthly excise returns. Icelandic applicants benefit from the fact that Excise Tax Registration already has many Icelandic shareholders on its register, so its officers recognise Iceland documents and name formats instantly.
Documents required
For excise tax registration for Icelandic-owned companies the authority asks for the following documents, and we tell you exactly how each must be formatted.
- Customs code and import records where applicable
- Turnover evidence such as invoices, contracts or financial statements
- Bank account letter or IBAN certificate
- Passport and Emirates ID of the authorised signatory
- Trade licence and certificate of incorporation
- Memorandum of association showing shareholders
Pricing
Use the table below to compare packages for excise tax registration for Icelandic-owned companies; we will confirm the exact total for your case in a written quotation. Pricing for excise tax registration for Icelandic-owned companies depends on the package you choose; every option below includes GoldenKey's service and the government fees stated.
| GoldenKey service fee | AED 3,500 |
|---|
FTA excise registration for producers, importers or warehouse keepers of excisable goods
Request this servicePrices are indicative, in AED, exclusive of 5% VAT where applicable, and confirmed in writing before payment. Last updated 2026-10-06.
Why the UAE
The dirham has been pegged to the US dollar since 1997, which removes currency risk for excise tax registration for Icelandic-owned companies and makes international pricing simple. Day to day, since 2021, most mainland activities have allowed 100% foreign ownership, and free zones have always offered it, so excise tax registration for Icelandic-owned companies no longer requires a local partner.
Why GoldenKey
GoldenKey's consultants have handled excise tax registration for Icelandic-owned companies for traders, consultants, tech business owners and family offices, which gives us a realistic view of what each authority approves promptly. We speak the languages our clients speak, including English, Arabic, Hindi, Urdu and Malayalam, and we can arrange Russian, French and Mandarin support for excise tax registration for Icelandic-owned companies. To be clear, after your Excise Tax Registration licence is issued, the same team handles renewals, visa additions, amendments and tax registrations, so you never have to explain your business twice.
Message GoldenKey now and we will prepare a personalised quotation for excise tax registration for Icelandic-owned companies, valid for 30 days and confirmed in writing.
Frequently asked questions
How long does Excise Tax Registration take with the FTA?
The FTA typically responds within 20 business days, and simple applications are often approved faster. GoldenKey submits a complete file to avoid information requests.
What happens if I miss the Excise Tax Registration deadline?
Late registration attracts a fixed penalty, and late filings add further penalties. If you are already late, GoldenKey can register you and advise on penalty reconsideration where grounds exist.
Can GoldenKey act as my tax agent?
It can. GoldenKey can prepare and submit filings on your behalf and handle FTA correspondence, so you have one point of contact for licence, visa and tax matters.
Can a Icelandic citizen own 100% of a company in Excise Tax Registration?
Yes. Icelanders can own the full share capital of a Excise Tax Registration company with no local partner, exactly like any other nationality.
Do Icelanders need a UAE visa before applying for Excise Tax Registration?
No — You can apply for the licence from Iceland with scanned documents, and the investor residence visa is processed afterwards.
