Efficient Business Environment in Iceland
The business environment in Iceland is highly efficient where there is business flexibility, a flexible labor market and business friendly regulations as shown on the graph below:
Access to official bodies and agencies is easy in Iceland’s small society. Government policy aims to provide a fair, efficient and competition-driven operating environment for companies within a market economy, and to encourage foreign investment, especially in areas that diversify the economy.
Labor Market Efficiency
According to The Global Competitiveness Report 2014–2015, by the World Economic Forum, Iceland has an efficient labor market, where it ranks in 14th place out of 144 countries.
Iceland is in the 11th place for cooperation in labor-employer relations and 11th in women in labor force, ratio to men.