Alvotech grand opening in Reykjavik

Alvotech opens the state of the art research and development center in the Science Park of the University of Iceland, Reykjavik, on 3 June 2016.

Alvotech opens the state of the art research and development center in Reykjavik on 3 June 2016.

The Alvotech headquarters in Reykjavik are 13,278 square meters and designed to enable specialists from all over the world to develop complex biosimilar products. To create the best possible scientific environment and a dynamic, safe and effective work place, Alvotech initiated international collaboration between scientists, engineers, architects and Icelandic artists.

The Alvotech website has an overview over the process from groundbreaking to inauguration and a short time-lapse video of the progress.

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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%.

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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