Frequently Asked Questions
Yes. The company is Icelandic and Spesía's operation is subject to Icelandic law and regulations and requires a license from the Icelandic Financial Supervisory Authority. Furthermore, Spesía is solely owned by Icelandic shareholders, mainly its founding team. The company’s services are designed to meet the needs of Icelandic consumers.
Data protection and information security are strictly adhered to in all of Spesía’s operations. We encourage you to review the company’s Terms of Use and Privacy Policy, which can be read here.
Spesía is mostly owned by its founders and employees and a selected group of investors. The CEO and founder of Spesía is Georg Lúðvíksson, founder and former CEO of the company Meniga. Tómas Áki Gestsson is the company's founder and investment manager, having held various positions within the Icelandic financial market, most recently at the Central Bank. Other co-founders and owners include Peter Short, the company's CTO and co-founder, Bergur Ebbi, a co-founder who leads marketing, and Tinna Karen Gunnarsdóttir, a co-founder who leads front-end development.
In addition, just over 20 investors, mainly individuals and family investment offices, are shareholders in Spesía. These include Arnar Þór Másson and the investment firm of Guðmundur Fertram Sigurjónsson, both of whom are on Spesía’s board of directors.
Spesía is an independent company and is not owned by Icelandic banks or is in any way part of the Icelandic banking system.
Spesía is an investing service that provides easy access to the returns provided by international financial markets. With Spesía, anyone can invest in a well-diversified global portfolio of stocks and bonds with an appropriate level of risk tailored to individual needs. Saving with Spesía is as easy as using regular bank accounts and is most suitable when saving for a longer time than than two years.
Yes, if you have an Icelandic ID number, electronic ID and are 18 years or older. But note that we still withhold 22% capital gains tax from all clients when profits are realized. If you are supposed to pay lower tax in Iceland due to tax residence elsewhere and/or double taxation agreements, you need to account for this yourself on your Icelandic tax return and apply for a correction to RSK when assessed.
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