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New report on investment incentives in Iceland

November 17, 2016

A new report has been published about investment incentives in Iceland. The report, written by PriceWaterhouseCoopers with input from the Ministry of Industries and Innovation as well as other stakeholders, was commissioned by Landsvirkjun. It outlines the country’s regional investment framework and includes examples of projects that have received incentives, the application process and relevant useful information for companies and investors evaluating Iceland as a destination for investment.

The report can be downloaded from Landsvirkjun’s website here.

The University of Iceland held a panel discussion on the topic of the newly published report. Speakers included Ragnheiður Elín Árnadóttir, the Minister of Industries and Innovation, Bjorgvin Skuli Sigurdsson, Executive Vice President of Marketing and Business Development at Landsvirkjun, Dr. Paul Nillesen, Partner at PwC Netherlands and Gylfi Magnússon, former Minister of Finance and Economic Affairs and currently Associate Professor at the Faculty of Business Administration at the University of Iceland.

The speakers agreed that foreign direct investment will play an important role in enabling Iceland’s goals of increased GDP in the coming years. Bjorgvin Sigurdsson of Landsvirkjun commented that incentives were important for the development of certain sectors in Iceland and emphasized the continued importance of uniformity of government practices.

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