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Alvotech and Teva announce Strategic Partnership

06.08.2020

Alvotech and Teva Pharmaceutical have announced a strategic partnership where Teva will commercialize Alvotech's biologics products in the U.S. The initial pipeline contains five biosimilar product candidates from Alvotech.

Third phase of government economic response to COVID-19

28.04.2020

Increased support for companies, extension of part time employment with government support and simpler rules on financial restructuring of companies are key elements in the government's third phase of economic response to COVID-19

Second phase of economic response measures

24.04.2020

Increased support for R&D, closure subsidies, immediate support loans for SMEs and allowance to carry 2020 losses back to offset 2019 income tax are among the measures introduced by the government as part of the second COVID-19 economic response package on April 21.

Economic and stimulus response to COVID-19

23.03.2020

The Government of Iceland has announced a 1.6bn USD response package to the COVID-19 crisis. It includes state-backed bridging loans for companies, defferal of tax payments, financial support for the tourism sector and up to 75% of salaries paid as part-time unemployment benefits.

Iceland's response to COVID-19

20.03.2020

Icelandic authorities have activated a Pandemic Influenza Response Plan. The main objective is that Iceland's infrastructure, particularly the health care system, will withstand the strain caused by COVID-19.The government is also announcing an extensive relief package for industries, companies and individual affected by the pandemic.

Work in Iceland - Information website on living and working in Iceland

05.09.2019

Iceland is a family friendly and safe place to live. Icelandic industries do also offer exciting opportunities for international specialists in a variety of sectors. To facilitate a smooth relocation the Ministry of Industries and Innovation, Federation of Icelandic Industries and Promote Iceland have introduced a new one-stop-shop website on moving to Iceland, working and living.

Viad Corp to invest in new geothermal lagoon

02.09.2019

Canadian experiential services company VIAD is investing in new geothermal lagoon attraction in Iceland's capital area. This oceanfront attraction is currently in development and is expected to open in 2021. VIAD's Flyover Iceland was recently opned in Reykjavik.

Partnering for Increased Biosimilar Market Share: Alvotech Partners with Cipla Gulf

14.08.2019

Alvotech, a privately-owned biopharmaceutical company out of Reykjavik, Iceland, announced a partnership with Cipla Gulf FZ LLC for the commercialization of a biosimilar (AVT02 – an adalimumab biosimilar) in emerging markets. AVT02 is a biosimilar to AbbVie’s Humira with indications for several autoimmune diseases, such as Rheumatoid Arthritis. In...

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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. Generous support for R&D.

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