Owners of 70 Icelandic Offshore Companies Unknown Skip to content

Owners of 70 Icelandic Offshore Companies Unknown

By Iceland Review

The Icelandic banks claim that they don’t have the information on the identity of the owners of 70 offshore companies that the banks founded themselves. The Icelandic banks founded approximately 250 companies in tax havens.

Photo by Páll Stefánsson.

The Commissioner of the Inland Revenue is currently working on defining the ownership of 400 Icelandic offshore companies and their relations with foreign companies in tax havens, Fréttabladid reports.

According to the newspaper’s sources, 250 of the companies under investigation are those founded by the Icelandic banks and the remaining 150 companies were founded by lawyers and the banks’ subsidiaries in Luxembourg.

Click here to read more about Icelandic offshore companies.

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