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 regional incentives. EU regulation does also allow general incentives for SMEs, R&D and environmental protection.
Foreign experts, hired to work in Iceland, do enjoy personal tax incentives. A special tax deduction allows that only 75% of the income is considered taxable for the first three years of employment, fulfilling specified conditions.
Learn more about the incentives and support for direct investment, available in Iceland.