Business Opportunities in Iceland
Iceland offers a wide variety of business opportunities in data centers, energy dependent industries, food production as well as other industries.
A large number of overseas investors have located business opportunities and established 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. A number of regional investment promotion agencies are willing to assist investors seeking more detailed local information.
Iceland has one of the world's most reliable power infrastructure and 100% of the electricity is produced using renewable hydro and geothermal resources. Iceland offers long term energy contracts and you can cut cost and minimize your carbon footprint. Scalable locations are available with advanced infrastructure.
For further information regarding Data Centers.
Food production in Iceland has the reputation of it‘s quality, purity, biologic production, originality and is an important industry in the Icelandic economy. Historically, Iceland's main livelihood has always been as a food-producing nation, and by keeping up-to-date with both new technology and consumer demands in the international marketplace, its diverse export-orientated food sector makes an attractive proposition for investors who want to go straight in at the high end of the market.
For further information regarding Food Production.
Energy Dependent industries
Iceland is the only country in Western Europe that still has considerable resources of competitively priced, renewable energy remaining to be harnessed. Hydropower and geothermal energy are the sources of Iceland's uniquely sustainable electricity generating capacity. These environmentally-friendly, green resources, produce electricity without harmful atmospheric emissions. The country's state-of-the-art energy infrastructure is highly ranked on international business indices for reliability, efficiency and cost.
For further information regarding Energy Dependent industries.
Today, there are 24 mink farms operating in Iceland with an average of around 1750 females. The majority are located in north and south of the country. There is an annual production of around 6,500 tonnes of mink feed. This production can, if necessary and without any problems, be increased hugely, as the raw materials are present. Iceland offers mild climate all year, large areas for building and favourably priced water for cleaning and heating facilities.
For further information regarding Mink faming.
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.