Iceland sees growth in investments from international businesses
In recent years, Iceland has made its business environment increasingly attractive to foreign investors, making more investment opportunities available for organisations and businesses.
In recent years, Iceland has made its business environment increasingly attractive to foreign investors, making more investment opportunities available for organisations and businesses. Due to this the country has started to see a rising interest from foreign businesses wanting to invest in the country.
The country’s investor-friendly environment supports high professional standards and makes it an ideal base for large and small companies. These companies have thus far either acquired stakes in Icelandic enterprises or made strategic purchases in production and services related to their own international activities.
“With renewable energy at very competitive prices, well-educated labour, low corporate taxes and efficient placement between Europe and the USA, Iceland meets many requirements which are most relevant for foreign investors,” explained Ţórđur H. Hilmarsson, Managing Director of the Invest in Iceland Agency.
Businesses wishing to investments in Iceland have to meet certain requirements, such as being beneficial for the country’s economy and society, in terms of job creation, rural development, export and tax revenues. However, approved investment projects receive benefits in return, including derogations from taxes and charges.
Investments can also be eligible for exemption from customs and excise duties on importation or domestic purchase of construction materials, machinery, and equipment for the building and operation of the investment project.
Furthermore, real estate in Iceland has seen a 10 percent increase in sales over the past year, and figures for the market in 2012 are expected to increase further. Larger more expensive property is being sold and there has also been greater demand for property in the downtown area of Iceland’s capital, Reykjavik.
Visit www.remax.is/en for more information about real estate investment opportunities in Iceland.
- Contact Information
- Remax Iceland
- (354) 414 6060
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.