National Budget Proposal 2018


The Fiscal Budget Proposal submitted to the Icelandic parliament Althingi today is consistent with the objectives of the five-year Fiscal Plan for 2018-2022, adopted by the Althingi last June.

The next steps in capital account liberalisation


This afternoon the Icelandic Minister of Finance and Economic Affairs, Bjarni Benediktsson, submitted before Parliament a bill of Law that sets forth the next steps towards liberalisation of capital controls in Iceland.

Glitnir hf. creditor group submits amended proposal for stability contribution


A group of Glitnir hf. creditors has prepared amendments to its previous proposal, submitted by letter on 8 June 2015, concerning Glitnir's stability contribution to the State in connection with the comprehensive capital account liberalisation strategy announced that same day. In a letter received by the Minister of Finance and Economic Affairs tod...

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For further information on the benefits of establishing a business in Iceland please feel free to contact us.


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, including a corporate tax rate ceiling of only 15%.

Why Iceland

Along with having one of the lowest corporate tax rate in Europe, Iceland has a highly educated workforce which is ranked among the highest in the world, offers competitively priced renewable energy with an advanced infrastructure making Iceland an ideal location for investors