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.

Construction of a new silicon metal factory in Helguvik


At the groundbreaking ceremony for United Silicon's new silicon metal factory in Helguvik, Iceland, Mr. Doron Sanders, Chairman of the Board and Managing Director of Bit Fondel, Fondel Group, praised Iceland's stable business environment and the support the project has enjoyed from Icelandic authorities, both the central government and municipality of Reykjanesbær. Mr. Sanders also mentioned the renewable energy, at competitive global price levels as a major incentive for such a project.

Freetrade agreement with China enters into force today


On July 1st 2014 the extensive free trade agreement between Iceland and China enters into force, opening up new possibilities for companies interested in exporting products into China and Chinese companies looking to sell products to Europe and North America.

Iceland: The world's most peaceful country


Iceland keeps the position as the world's most peaceful country according to the Global Peace Index for 2014, published by independent Institute for Economics and Peace.

Iceland‘s competitiveness improving


Iceland rises four seats on IMD‘s list over the world‘s most competitive nations and ranks number 25 according to the World Competitiveness Yearbook 2014. Economic performance is fast improving while the infrastructure is consistently among the best.

World’s First Magma‐EGS system created


The Iceland Deep Drilling Project has managed to keep open a borehole, ending in molten magma at 2100 m depth with a temperature of 900-1000 °C, blowing superheated, high-pressure steam for months, measuring power sufficient to generate up to 36 megawatts of electricity. This success could in the near future lead to a revolution in energy efficiency in high-temperature areas of the world.

Microalgae production


Algalif AS is investing in micro algae production in Iceland, focusing on high-quality natural Astaxanthin. An investment agreement has been signed between Iceland‘s minister of industries and innovation and Algalif.

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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