A large number of overseas investors have located new plants in Iceland in a range of industries. Power-intensive industrial production, mainly focusing on metals, has led the foreign investment field to date.
Now, growing numbers of investors are acquiring stakes in dynamic high-tech enterprises, or making strategic purchases in production and services related to their own international activities. They have found an investor-friendly environment with high professional standards in all the support services that a business launch needs.
Leading international banks have managed and provided finance for many of the foreign investment projects undertaken in Iceland. Domestic banks offer a full range of traditional banking services. Cheques and other paper-based payment instruments have given way to electronic solutions.
Major international accounting companies work alongside local organisations to provide in-depth knowledge of the local tax and accounting environment.
A number of law firms specialise in international work and assist foreign investors with set-up and contractual formalities. PR consultancies with international links and a whole array of other professional services have Icelandic offices.