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Iceland's response to COVID-19

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.

Extensive testing to ensure early diagnosis of infection, quarantine at home, isolation for infected persons and effective information disclosure to the public are key elements of Iceland's response. Only 20 days after the first confirmed case of Coronavirus in Iceland 9,189 individuals have been tested or over 2.5% of the total population.

Further information on the situation and all the measures in place are on the official information website: COVID.is.

Update: The government has announced more details on the economic stimulus and relief package.

 

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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