Invest in Iceland – incentives for initial investment

Invest in Iceland – incentives for initial investment


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Basic Information

Act on Incentives for Initial Investments in Iceland

The purpose of the Act on Incentives for Initial Investments in Iceland is to enhance initial investment, regional development and the competitiveness of Iceland by stipulating which incentives can be granted to initial investment projects in Iceland and how they should be used. However, the Act does not apply to investments in companies which provide services on the basis of legislation on financial undertakings, insurance operation or securities.

The government authorities are permitted to grant both general and regional incentives for new investments in Iceland up to a defined ceiling, in line with EU legislation. The regional incentives apply to areas outside the capital area.

Committee on new investment incentive examines applications for incentives and submit recommendations to the Minister of Industries and Innovation in accordance with Article 4.

Secretary of the Committee is Gudrun Gunnarsdottir and inquiries should be sent to gudrun.gunnarsdottir@anr.is

INVEST IN ICELAND is a one stop information centre for foreign investors and provides information on investment opportunities in Iceland and the business environment.