Doing Business in Iceland

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, Iceland meets the highest international standards.

Iceland ranks among the top countries in the world when it comes to the ease of establishing a business according to the World Bank


See these pages for a quick overview of the regulatory and financial frameworks or download the latest publication in pdf format


Type of Company

Information on registration of VAT and payroll, and the differences in registration and requirements depending on the type of company.

Financing and Foreign Direct Investment

Information on incentives, support, grants and restrictions in Iceland, including capital restrictions.


General information on taxation on companies and individuals in Iceland, as well as other taxes, fees and depreciation.

Wokforce and Obligations

Information on Icelandic workforce characteristics, and obligations regarding workforce such as contracts, wages and social security.

Financial Reporting and Auditing

A company operating in Iceland must submit annual accounts that comply with rules and disclosures, per standard EU requirements. Here is some information on these rules, as well as a link to a list of certified accountants in Iceland.

Building and Environmental Regulations in Iceland

Information on the process of constructing in Iceland, where Iceland has implemented the European Union directive on Environmental Impact Assesment (EIA). Here is information on the zoning process, regulations, and permits needed in Iceland.

Contact us

Invest in Iceland's team provides free of charge information and expert confidential service on all aspects of investments, arranges site visits and plans contacts with local authorities as well as local business partners and professional consultants


Watch interviews with entrepreneurs, investors, scholars and other people ranging from Isaac Kato and Michael Porter to Eric Clapton who share their thoughts and feelings on what makes Iceland such a special place


With high professional standards and the cooperation of major international banks and accounting companies, a large number of international investors have been establishing their business in a wide range of industries in the investor-friendly environment of Iceland

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