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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.

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.
 
New foreign direct investment in Iceland has been exempted from the temporary capital controls from the beginning but some capital transfers of Icelandic businesses have been subject to the controls. The strategy, outlined on the website of the Ministry of Finance and Economic Affairs, creates the conditions necessary for the lifting of the remaining capital controls. The first steps are liberalisation for individuals and foreign investment on behalf of the Icelandic pension funds. 

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Incentives

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