Read more about Icelandic Export
You are here
Investing in Iceland
Iceland Export Directory HomeContact Iceland Export DirectorySite Map
Investing in Iceland

Iceland's operating environment is competitive with leading countries in the industrial world. With its low tax structure, high education levels and competitive costs for skilled labour, land and electricity Iceland is a strong candidate for businesses to short-list.

Foreign investors in Iceland have a choice of operating forms for their business: public or private limited companies, branches, wholly owned subsidiaries, partnerships, etc. A completed application to establish a company is generally handled in one day.

Foreign investors have located new plants in Iceland as well as buying into established ventures. Power-intensive industrial production, mainly focusing on metals, has led the foreign investment field to date, but growing numbers of investors are taking stakes in dynamic high-tech enterprises or making strategic purchases in production and services related to their own international activities.

Iceland is a member of EFTA and a member of the 28-nation European Economic Area (all EU states and three of the four EFTA states), an agreement with the European Union that gives Iceland access to the EU free trade market. Iceland therefore implements the same basic liberal business philosophy as the EU, and except in few limited areas; all EU commercial legislation and directives take affect in Iceland.