Government support

Icelandic authorities are committed to offering a favourable business environment. This includes a low 20% corporate tax and a new effective incentive regime aimed at foreign investment, especially in the high tech industry.

As a member of the European Economic Area, Iceland is part of the European internal market with European legislation, including a comprehensive data protection act, and tariff free access to the European Union.

Reykjavik Science City

Those who follow many of the global indexes recognize how high Iceland consistently ranks in many of them. Iceland consistently ranks top on the United Nation’s Human Development Index, is 1st in the Global Gender Gap Index, and is LGBTQ+ friendly. Iceland has a low crime rate, with violent crimes practically non-existent, and tops the IEP’s Global Peace Index. In fact, Icelandic police do not carry guns. Children play outside unsupervised from an early age, often only returning when their dinner — or curfew starts!

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Iceland focuses on a favorable business environment, including low corporate tax, availability of land and green energy at competitive prices and efficiency within European legislative framework.

New direct investment projects can apply for an investment agreement, ensuring generous regional incentives. EU regulation does also allow general incentives for SMEs, R&D and environmental protection.

Learn more about the Incentives and Investment Agreements