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Iceland ranks #3 in the ICT Development Index 2015

The International Telecommunications Union has published the ICT Development Index for 2015, ranking 167 economies based on information and communication technologies (ICTs), based on internationally comparable data and agreed methodologies. Iceland keeps third place as in 2010.

The ICT Development Index is based on 11 criteria in three main categories: ICT access, ICT use and ICT skills. Iceland has 8.86 points now, compared to 8.19 in 2010 and is only 0.02 points behind Denmark in 2nd place. Korea tops the ranking as in 2010 and UK follows Iceland.

Iceland ranks #2 in IDI access and climbs one seat to number 8 in IDI use with a score of 8.11. Iceland also improves the score in IDI skills and ranks #10 with a score of 9.42. Of the Nordic Countries, only Finland ranks higher than Iceland in this category.

The full report is available on the ITU website.

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

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