Poly Silicon Producer Secures Equity


Silicor Materials, Inc. has secured $105M in equity capital agreements to support the construction of its first commercial-scale manufacturing of Polysilicon at Grundartangi, Iceland. This plant will be using green energy and proprietory new technology to produce the vital ingredient in solar cell.

New State of the art Silicon Metal factory


One of the world's most advanced silicon metal production plants is being built in Northeast Iceland by international PCC group. The plant will be powered exclusively by energy from renewable resources, mainly geothermal, and utilising energy-efficient technologies.

Marriott EDITION to open in Reykjavik


The new luxury 250 room boutique hotel, next to Reykjavik's award winning Harpa Conference Center and Concert Hall, will be a Marriott EDITION hotel.

Capital Account Liberalisation Announced


The temporary capital controls will be lifted, while ensuring financial stability in Iceland, according to a comprehensive strategy announced by the Government. The measures include Central Bank currency auctions for holders of offshore ISK in the autumn.

US investors to build 5-star hotel in Reykjavik


US-based Carpenter & Company have announced the development of a 250-room 5-star hotel by Harpa, the Concert Hall and Conference Center at the old harbour in Reykjavik City Centre.

Land and Equipment Secured for Proposed Polysilicon Plant


Silicor Materials has signed land lease and port agreement and equipment contract with SMS Siemag for a proposed polysilicon plant at Grundartangi, Iceland, yielding up to 19,000 metric tons of solar silicon each year for the global solar market.

Alvotech Reykjavik starts recruiting


Alvotech Biopharmaceuticals, currently building a state of the art 12 thousand square meter manufacturing and laboratory facility in the science park of the University of Iceland, has started recruiting.

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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