Transparent administration and clear and unambiguous regulation concerning foreign direct investment in Iceland is among the goals set by a new Government proposal for a parliamentary resolution on foreign investment. The proposal acknowledges that investment is paramount for economic growth in Iceland.

If the new Government Proposal is passed, parliament will commission the authorities to seek investment which:

• Supports economic diversification
• Supports environmental protection and sustainable utilisation of resources
• Uses new technologies
• Secures the maximum added value through the chain of production
• Supports relatively high job creation and creates a high rate of high worth jobs
• Supports research and development and the acquisition of new knowledge
• Is profitable and provides relatively high tax revenue
• Creates new opportunities or opportunities which are considered desireble to support current domestic activity