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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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Presentation Transcript
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

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

18%

%

Low corporate taxes

strategic location
Strategic Location

Europe: 2-3 hoursUSA: 5-8 hours

Europe: 3 daysUSA: 7 days

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 ReykjavikICELANDwww.invest.is

... at your service