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DOING BUSINESS
On this page you will find general information about doing business in Iceland. The business environment in Iceland is fast moving, focused and company friendly. It is not restricted by complex regulations nor burdened with a heavy system of taxation. For efficient infrastructure, expert services and smooth administration, Icelandmeets the
KEY SECTORS
KEY SECTORS Tourism. The number of foreign visitors to Iceland has multiplied over the last decade, creating a unique opportunity for investors. The focus is on quality, experience and creating new destinations and experiences for all seasons, all over the country.TOURISM - INVEST
With strong political and business support , public-private partnerships and emphasis on sustainable development, targeted marketing and infrastructure investments, Icelandic tourism is a key sector. Located midway between two of the world's strongest markets; North America and Europe, Iceland is accessible from multiple keyairports.
INCENTIVES AND SUPPORTGREENHOUSES
Icelandic greenhouses offer opportunities to produce high-quality crops that are based on: Zero carbon footprint. Pesticide-free growth. Low cost production. With plenty of land available at relatively low cost, as well as a cool climate, which enables a fully controlled environment free from pests, Iceland is the ideal location forgreenhouse
FINANCIAL REPORTING AND AUDITING Financial Reporting and Auditing in Iceland. A company operating in Iceland must submit annual accounts that comply with accounting rules and disclosures, which reflect a true and fair view of the company’s assets, liabilities, results and financial position as per standard EUrequirements.
POLYSILICON
Polysilicon is part of a growing and diverse environmental technology sector. Iceland's ability to offer green power makes it a perfect choice for cleantech and hightech enterprises that are looking to take advantage of this unique access to clean energy. COMPETITIVELY PRICED GREEN ENERGY Iceland is the only country in Western Europe that still offers extensive resources of competitively priced, renewable energy. According to the Icelandic Master Plan for Hydro and Geothermal Energy Resources an increase of 9.2 TWh is possible in the near future and potential of further 11.8 TWh. DATACENTERS IN ICELAND A 2012 Reykjavik University Report; Mapping of Human Resources for Data Centers. confirmed that the data center industry can find the skills and education necessary in Iceland, both in engineering and the IT industry. There is significant engineering experience in Iceland regarding large and complex projects, e.g. due to the energyinfrastructure.
INVEST IN ICELANDINVEST IN ICELANDAT YOUR SERVICEKEY SECTORSWHY ICELANDDOING BUSINESSNEWS & MEDIA Iceland provides abundance of sustainable energy from hydro and geothermal resources, offers a European legislative framework and maintains a highly skilled workforce. Invest in Iceland offers a free of charge service in guiding you through the regulatory framework and help find successful investment opportunities in Iceland.DOING BUSINESS
On this page you will find general information about doing business in Iceland. The business environment in Iceland is fast moving, focused and company friendly. It is not restricted by complex regulations nor burdened with a heavy system of taxation. For efficient infrastructure, expert services and smooth administration, Icelandmeets the
KEY SECTORS
KEY SECTORS Tourism. The number of foreign visitors to Iceland has multiplied over the last decade, creating a unique opportunity for investors. The focus is on quality, experience and creating new destinations and experiences for all seasons, all over the country.TOURISM - INVEST
With strong political and business support , public-private partnerships and emphasis on sustainable development, targeted marketing and infrastructure investments, Icelandic tourism is a key sector. Located midway between two of the world's strongest markets; North America and Europe, Iceland is accessible from multiple keyairports.
INCENTIVES AND SUPPORTGREENHOUSES
Icelandic greenhouses offer opportunities to produce high-quality crops that are based on: Zero carbon footprint. Pesticide-free growth. Low cost production. With plenty of land available at relatively low cost, as well as a cool climate, which enables a fully controlled environment free from pests, Iceland is the ideal location forgreenhouse
FINANCIAL REPORTING AND AUDITING Financial Reporting and Auditing in Iceland. A company operating in Iceland must submit annual accounts that comply with accounting rules and disclosures, which reflect a true and fair view of the company’s assets, liabilities, results and financial position as per standard EUrequirements.
POLYSILICON
Polysilicon is part of a growing and diverse environmental technology sector. Iceland's ability to offer green power makes it a perfect choice for cleantech and hightech enterprises that are looking to take advantage of this unique access to clean energy. COMPETITIVELY PRICED GREEN ENERGY Iceland is the only country in Western Europe that still offers extensive resources of competitively priced, renewable energy. According to the Icelandic Master Plan for Hydro and Geothermal Energy Resources an increase of 9.2 TWh is possible in the near future and potential of further 11.8 TWh. DATACENTERS IN ICELAND A 2012 Reykjavik University Report; Mapping of Human Resources for Data Centers. confirmed that the data center industry can find the skills and education necessary in Iceland, both in engineering and the IT industry. There is significant engineering experience in Iceland regarding large and complex projects, e.g. due to the energyinfrastructure.
KEY SECTORS
KEY SECTORS Tourism. The number of foreign visitors to Iceland has multiplied over the last decade, creating a unique opportunity for investors. The focus is on quality, experience and creating new destinations and experiences for all seasons, all over the country.AT YOUR SERVICE
Invest in Iceland is a one stop information centre for foreign investors and provides information on investment opportunities in Iceland and the business environmentWHY ICELAND
Iceland is world-renowned for its economic advancement, social stability, and technological innovation, and is continually ranked as one of the preeminent societies on Earth. Iceland has high quality of life; it is a modern, growing economy, politically stable and internationally competitive. The nation is young, educated,multilingual and
CONTACT US - INVEST
Contact Invest in Iceland. Please fill out this simple form.. All correspondence is treated as confidential by Invest in Iceland. You can contact project managers for various sectors directly by visiting the relevant key sector.. Information you provide will ensure a more efficient responce on our behalf, such as information on the company/investor you represent, the type of business you areGREENHOUSES
Icelandic greenhouses offer opportunities to produce high-quality crops that are based on: Zero carbon footprint. Pesticide-free growth. Low cost production. With plenty of land available at relatively low cost, as well as a cool climate, which enables a fully controlled environment free from pests, Iceland is the ideal location forgreenhouse
DATA CENTERS
Iceland Data Centers from Invest in Iceland on Vimeo.. Iceland is the perfect location for your data center! 100% green & sustainable energy from reliable power sources at competitive prices mixed with a highly qualified workforce and attractive business incentives make Iceland an ideal location for world class data centers. PLANNING AND BUILDING General Zoning Process. Step 1 The municipality decides to initiate a general zoning proposal. Step 2 A zoning commission, established by the municipality, draws up a proposal with their emphases on matters such as environmental impact. Step 3 The municipality seeks comments from the National Planning Agency (NPA) among others before publishingit.
ESTABLISHING A BUSINESS Registration of VAT and Payroll. When establishing a business entity in Iceland you are required to apply for a VAT ID number at RSK (Directorate of Internal Revenue). This is a fairly simple task, it is a two-page form that covers the VAT ID registration as well as anotification of the
EFFICIENT BUSINESS ENVIRONMENT Efficient Business Environment in Iceland. The business environment in Iceland is highly efficient where there is business flexibility, a flexible labor market and business friendly regulations as shown on the graph below: Access to official bodies and agencies is easy in Iceland’s small society. Government policy aims to provide a fair DATACENTERS IN ICELAND Minimising the carbon footprint of data while reducing cost is a challenge that Nordic Iceland rises to. 100% of the electricity on the Icelandic transmission and distribution grid is green, produced by highly cost effective harnessing of geothermal resources or the power of Iceland‘s glacial rivers. The electricity is not only Europe‘s most cost competitive but available via long term* Invest in Iceland
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Green energy and advanced infrastructure We are at your serviceKEY SECTORS
DATA CENTERS
Iceland has one of the world's most reliable power infrastructures, renewable power sources, ideal climate for free cooling and offers long-term energy contracts and scalable locations.WHY ICELAND?
COMPETITIVE GOVERNMENT INCENTIVES Iceland focuses on a favorable environment for businesses in general.DOING BUSINESS
DOING BUSINESS IN ICELAND The business environment in Iceland is fast moving, focused and company friendly, meeting the highest international standards.WHY ICELAND?
10 GOOD REASONS TO INVEST IN ICELAND Social stability and technological innovation rank Iceland as one of the preeminent societies on Earth. A ONE STOP INFORMATION CENTER FOR FOREIGN INVESTORS Iceland offers great opportunities for foreign investors where an advanced economy meets low corporate taxes and incentives for foreigndirect investment.
Iceland provides abundance of sustainable energy from hydro and geothermal resources, offers a European legislative framework and maintains a highly skilled workforce. Invest in Iceland offers a free of charge service in guiding you through the regulatory framework and help find successful investment opportunities in Iceland. ECONOMIC AND STIMULUS RESPONSE TO COVID-19 The Government of Iceland has announced a 1.6bn USD response package to the COVID-19 crisis. It includes state-backed bridging loans for companies, defferal of tax payments, financial support for the tourism sector and up to 75% of salaries paid as p...Read more
ICELAND'S RESPONSE TO COVID-19 Icelandic authorities have activated a Pandemic Influenza Response Plan. The main objective is that Iceland's infrastructure, particularly the health care system, will withstand the strain caused by COVID-19.The government is also announcing an exten...Read more
THE FIRST HYATT CENTRIC HOTEL IN THE NORDICS TO OPEN IN REYKJAVIK Iceland's first Hyatt branded hotel in Reykjavik has been announced. The 169 room centrally located hotel will also be the first Hyatt Centric lifestyle hotel to open in the Nordic countries.Read more
EMERSON COLLECTIVE INVESTS IN AN ICELANDIC MEDICAL FISH SKIN COMPANY Kerecis, an Icelandic medical device company and pioneer in using fish skin in tissue regeneration, recently announced a $16m series C financing round. The funds will be used to increase sales and marketing in the United States and Switzerland. Accor...Read more
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