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Central Bank

The Spring Meetings of the International Monetary Fund 2019

17.04.2019

Governor Már Gudmundsson attended the Spring Meetings of the IMF’s International Monetary and Financial Committee, IMFC, which were held in Washington DC 12-14 April. Governor Gudmundsson represents Iceland in the IMF’s Board of Governors, which is the Fund’s highest decision-making body. Magdalena Andersson, the Swedish Finance Minister, represent...

Financial Stability 2019/1

04.04.2019

The Bank’s Financial Stability report 2019/1 presents an overview of the position of the financial system, its strengths and potential weaknesses, and the macroeconomic and operational risks it may face. Financial Stability is also published in Icelandic under the title Fjármálastöðugleiki.

Minutes of the MPC

03.04.2019

Here are the minutes of the Monetary Policy Committee of the Central Bank of Iceland from the meeting held on 18 and 19 March 2019. There, the Committee discussed economic and financial market developments, the interest rate decision on 20 March, and the communication of that decision.

Amended Rules on Foreign Exchange — Removal of restrictions on cross-border movement of capital pursuant to reduction in special reserve ratio

02.04.2019

Rules amending the Rules on Foreign Exchange, no. 200/2017, were published on the Central Bank of Iceland’s website today, with the aim to lift restrictions on specific transactions related to recent amendments to the special reserve requirement. The amending Rules were also published in the Law and Ministerial Gazette (Stjórnartíðindi) today and w...

Financial Stability 2019/1 will be published on 4 April 2019

02.04.2019

The Central Bank of Iceland´s Financial Stability report 2019/1 will be published on Thursday 4 April on the Bank´s website. At 10:00 the same day, a press conference where the contents of the report are presented will begin.

Economic Indicators 29 March 2019

29.03.2019

The Central Bank of Iceland’s Economic Indicators report for March 2019 has been released and can be found here on the Bank’s website. The publication contains information on developments in prices, output, external trade, the labour market, public sector finances, asset markets, and the financial market. The information is published in chart form,...

Statement of the Monetary Policy Committee 20 March 2019

20.03.2019

The Monetary Policy Committee (MPC) of the Central Bank of Iceland has decided to keep the Bank’s interest rates unchanged. The Bank’s key interest rate – the rate on seven-day term deposits – will therefore remain 4.5%. According to the newly published national accounts, GDP growth slowed between H1 and H2/2018 and inflation was down to 3% in Febr...

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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