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Discover Iceland's strategic advantages for investment, from being 1st in competitiveness in Europe to its renewable energy sources and safe society. With low corporate taxes, a compact society, and a business-friendly environment, Iceland offers a unique blend of opportunities for growth. Explore its potential in high-tech industries, financial services, and more. Learn about Iceland's strengths such as geothermal energy and educated workforce, making it an attractive investment destination in Europe and beyond.
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ICELAND – THE STRATEGIC CHOICE Thordur Hilmarsson
Iceland is Competitive Competitiveness: 1st in Europe, 4th Worldwide Economic Freedom: 5th Worldwide Low Corruption: 1st Worldwide Global Creativity Index: 7th Worldwide Quality of Life: 3rd Worldwide
USD - millions FDI in Iceland – by sector
Iceland´s potentials for investment • World Investment Report 2005: • Actual Performance Investment Index:Iceland #76 • Potential Performance Investment Index:Iceland #14
Why invest in Iceland? • Compact society – minimum red tape • Competive tax legislation • Expanding finance sector • Strategic location • Renewable energy sources • Political stability • Advanced infrastructure • Educated population • Safe society
Small is beautiful Small is efficient
Attractive Business Environment 18% % Low corporate taxes
Strategic Location Europe: 2-3 hoursUSA: 5-8 hours Europe: 3 daysUSA: 7 days
Geothermal Energy Hydropower Natural resources
Relatively high labour cost Small working population (165.000) in real terms. Currency fluctuations High living cost Minimum red tape – transparent society No corruption Low corporate taxes Bridge between Europe and USA Political stability Advanced infrastructure Young and well educated nation Safe society - low criminal rate Competitive specialist prices International accounting rules European legal framework Entrepreneurial spirit Strengths and Weaknesses
Knowledge based industries • Power intensive industries - if relatively environmentally friendly What kind of investment / operation? • Software, high tech, biotechnology • Financial service companies, equity funds and holding companies
The Invest in Iceland Agency Borgartun 35105 ReykjavikICELANDwww.invest.is ... at your service