Iceland's Competitiveness Improving

Robust infrastructure is still Iceland's main strength according to IMD World Competitiveness Yearbook 2012 but improvement in economic performance, government and business efficiency ranks moves Iceland up the ranking to number 26 from 31 last year.

Hong Kong tops the ranking as last year, with USA number two and Switzerland rising to third place. The IMD WCY results 2012 are accessible on the IMD website.

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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