Why Invest in Iceland

Iceland is one of the preferred countries in terms of foreign investments for its economic advancement, technological innovation and social stability. It is also known as the country with the least corruption. Its political and economic stability as well as its competitiveness make Iceland a perfect choice for setting up new businesses. The people in Iceland are young and educated and they benefit from high standards of living. 

Taxes

One of the best incentives for foreign investors in Iceland is the one of the lowest corporate income tax rate in Europe. Besides, its tax-free access for product trading between Iceland and the European Union member states is another advantage. It is also worth mentioning the 14% refund offered for film and TV production in Iceland.

Location

Iceland is strategically located halfway between Europe and North America. This way, the country has access to a wide variety of markets in two different continents.

Infrastructure

Transportation and trading benefit from a well-developed network in terms of infrastructure. Air, road and sea links are modern and sophisticated. When it comes to communications, underwater cables facilitate Iceland’s connections with both Europe and North America for telephone and internet. 

Bureaucracy

Iceland has the advantage of a minimum red tape system. Its minimal bureaucracy permits transactions to perform rapidly since the regulations are submitted to the European legislation and the government officials are quite accessible.

Workforce

Iceland has a well-educated workforce, with experts in many fields. Its highly skilled employees prefer the software industry, as well as other research fields. Labour law and other regulations in Iceland managed to keep the companies away from conflicts between employers and employees.

Economy

A favourable business environment and a multitude of incentives turn Iceland into an attractive destination for foreign investors who want to set up companies abroad. Legislation and political stability also contribute to the state’s welfare.