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The FEA is the main representative body for Faroese employers with a current membership of over 550 companies. |
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Requirements specified within the Occupational Environmental legislation are very similar to corresponding legislation in the EU countries. |
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The elected town Councils administer the construction authority in connection with all building in a municipality. |
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The labour market is based upon the negotiated agreement principle. It is up to the parties to negotiate agreements. |
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Most industrial buildings have been constructed specifically for the business activity carried out by the entrepreneur himself. |
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The Customs and Excise area includes the Faroese landmasses, fjords and the surrounding sea out to a distance of twelve nautical miles. |
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Money makes the world go round and the Faroe Islands is no exception from this rule, but here there are some benefits when it comes to taxation. |
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The legislation regulating investment and engagement in the Faroe Islands is similar to that of other European countries. |
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Business licenses, Export and Import licences |
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To conduct commercial activity in the Faroe Islands, various certification and legal requirements must be complied with. Foreigners must in most instances hold a valid work permit to be able to conduct business in the Faroe Islands. |
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To a large extent, the Faroese Regulations regarding Fire Prevention and Fire Safety correspond with Regulations in other Nordic Countries. |
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Faroese Fisheries Inspection |
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The Faroese Fisheries Inspection (FVE) operates under the authority of the Ministry of Fisheries and Maritime Affairs, and is responsible for providing a marine rescue service. |
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The Ministry of Trade and Industry is responsible for all Maritime Administration in the Faroe Island. |
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Business Environment 
