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.

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Iceland the strategic choice


Thordur Hilmarsson

Iceland is competitive

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

Fdi in iceland by sector

USD - millions

FDI in Iceland – by sector

Iceland s potentials for investment

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

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 beautiful

Small is efficient

Attractive business environment

Attractive Business Environment



Low corporate taxes

Strategic location

Strategic Location

Europe: 2-3 hoursUSA: 5-8 hours

Europe: 3 daysUSA: 7 days

Natural resources

Geothermal Energy


Natural resources

European uk icelandic relations

European / UK - Icelandic Relations


Political stability efficiency

Political Stability - Efficiency

Iceland as a future international financial centre

Icelandas a futureinternational financial centre

Safe and family friendly society

Safe and Family Friendly Society

Strengths and weaknesses

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

What kind of investment operation

  • 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

The Invest in Iceland Agency

Borgartun 35105

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