Iceland the strategic choice
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ICELAND – THE STRATEGIC CHOICE PowerPoint PPT Presentation


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ICELAND – THE STRATEGIC CHOICE. Thordur Hilmarsson. Iceland is Competitive. Competitiveness: 1st in Europe, 4th Worldwide. Economic Freedom: 5th Worldwide. Low Corruption: 1st Worldwide. Global Creativity Index: 7th Worldwide.

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ICELAND – THE STRATEGIC CHOICE

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ICELAND – THE STRATEGIC CHOICE

Thordur Hilmarsson


Iceland is Competitive

Competitiveness: 1st in Europe, 4th Worldwide

Economic Freedom: 5th Worldwide

Low Corruption: 1st Worldwide

Global Creativity Index: 7th Worldwide

Quality of Life: 3rd Worldwide


USD - millions

FDI in Iceland – by sector


Iceland´s potentials for investment

  • World Investment Report 2005:

  • Actual Performance Investment Index:Iceland #76

  • Potential Performance Investment Index:Iceland #14


Why invest in Iceland?

  • Compact society – minimum red tape

  • Competive tax legislation

  • Expanding finance sector

  • Strategic location

  • Renewable energy sources

  • Political stability

  • Advanced infrastructure

  • Educated population

  • Safe society


Small is beautiful

Small is efficient


Attractive Business Environment

18%

%

Low corporate taxes


Strategic Location

Europe: 2-3 hoursUSA: 5-8 hours

Europe: 3 daysUSA: 7 days


Geothermal Energy

Hydropower

Natural resources


European / UK - Icelandic Relations

%


Political Stability - Efficiency


Icelandas a futureinternational financial centre


Safe and Family Friendly Society


Relatively high labour cost

Small working population (165.000) in real terms.

Currency fluctuations

High living cost

Minimum red tape – transparent society

No corruption

Low corporate taxes

Bridge between Europe and USA

Political stability

Advanced infrastructure

Young and well educated nation

Safe society - low criminal rate

Competitive specialist prices

International accounting rules

European legal framework

Entrepreneurial spirit

Strengths and Weaknesses


  • Knowledge based industries

  • Power intensive industries - if relatively environmentally friendly

What kind of investment / operation?

  • Software, high tech, biotechnology

  • Financial service companies, equity funds and holding companies


The Invest in Iceland Agency

Borgartun 35105 ReykjavikICELANDwww.invest.is

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