China Development Bank and Invest in Iceland to cooperate

CDB and Invest in Iceland will define investment oppportunities in Iceland and encourage mutual investments according to a Memorandum of Understanding between Promote Iceland and CDB signed today in the presence of the prime ministers of China and Iceland.

According to the MoU Invest in Iceland and CDB will jointly define sectors in Iceland offering mutually beneficial investment opportunities for CDB and other Chinese companies. The partners will also map the need of Icelandic companies for financing projects, both in Iceland and China. Invest in Iceland will assist CDB in establishing contacts with Icelandic companies seeking financing and CDB will arrange meetings between Invest in Iceland and Chinese companies and investors in the sectors targeted for FDI in Iceland.

The MoU was signed earlier today in the National Centre for Cultural Heritage in Reykjavík by Zhijie Zheng, vice president of China Development Bank, and Jón Ásbergsson, Managing Director of Promote Iceland. Wen Jiabao, Premier of the State Council of the People's Republic of China and Jóhanna Sigurðardóttir, Prime Minister of Iceland, were present at the signing ceremony.

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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. 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