Ministry for the Environment and Natural Resources
Ministry for Foreign Affairs
Iceland Means Business
Iceland means an ideal geographic location
- Close proximity. To everything.
Iceland is located midway between Europe and North America. Keflavík Airport near Reykja-vik is Iceland's principal international airport. There are more than 140 daily departures from Iceland during summer and more than 80 daily departures during winter going all over the world.
Flight duration is 2.5-5 hours to Europe and 5-6 hours to the United States (East Coast) and Canada.
Iceland means a small nation with a big heart.
- Vast knowledge. And big resources, like energy, fish, and the people.
An island of 103.000 km2 (40,000 square miles). It is about the same size as Hungary and Portugal, Denmark, the Netherlands, and Belgium combined. Regular sea- and air links keep the population well supplied. Iceland’s small population of almost 330,000 people may be comparable to an average town in Europe, but the high us-age of information and communication technology, levels of education, and consumer buy-ing habits make this Nordic nation a preferred test market.
Although part of Europe, Iceland has always had a good relationship with North America, making Iceland the ideal test market for products or services for all of those markets. Eng-lish is widely spoken and understood and business practices are very similar to Western Europe and North America.
1st out of 162 countries in the Global Peace Index
Iceland was the most peaceful country in the world for the fourth year running in 2015. The index looks at things like violent conflict, violent crime rates, freedom of the press, willing-ness to participate in wars, and political corruption.
Iceland means Innovation and R&D.
Concentrated creativity and good conditions for business, e.g. entrepreneurship, relevant resources and understanding for supply and demand, make business actors think and able act on innovative solutions to improve productivity, and growth of long-term outcome and jobs in both traditional sectors and innovative environments.
29th of 144 Global Competitiveness Index
Iceland offers excellent research and development facilities where industries, educational and research institutes work in close collaboration with the business environment.
Iceland means wholesome food. Green energy. Pure everything
- More than 80% of energy consumption comes from renewable sources.
Iceland’s abundance of clean geothermal water means green and sustainable energy solu-tions. The unique Icelandic energy industry has almost endless resources of water,that is so clean and pure, it can be used straight from nature without any treatment.
Iceland produce 100% of its energy with renewable sources, still it has unharnessed renew-able hydro- and geothermal power resources. This means that new energy sources is sus-tainable options will be added in years to come, which keeps costs low and sustainability high.
Iceland means equality
- Leader in gender equality among 136 countries
Iceland tops the ranking of the world’s nations with the smallest gender gap for the seventh year in a row.
Iceland is one of the world’s best places to work as a woman, where high education, health care, and equality is prioritized. Women are strongly represented in managerial position, boards and the Parliament.
2nd Nutrition and Basic Medical Care
The Social Progress Index measures the multiple dimensions of social progress, benchmark-ing success, and catalyzing greater human wellbeing.
7th out of 77 nations in female entrepreneurship
The index measures high potential female entrepreneurship by analyzing entrepreneurial ecosystems, business environments, and individual aspirations across 77 developed and developing economies.
Iceland means global thinking
Most young people in Iceland enter tertiary education, and a lot of them acquires master degrees almost equally distributed between men and women.
Many of them choose to study abroad as a part of their higher education. When studying abroad the students pick up cross-cultural and–disciplinary competences, that adds value in they work, when they return as qualified labor to the Icelandic labor market.
Iceland means open minds with knowledge-based solutions.
19th of 189 Economies for Ease of Doing Business
Based on time and cost to meet government requirement in areas such as starting and op-erating a business, trading across borders, and paying taxes.
This makes it fairly uncomplicated to establish business in and with Iceland, whether you have a start-up-company or a well-established business.
Iceland means that you’re wired.
- 95% of households on the Internet
Iceland has a world - class IT infrastructure and possess some of the world’s highest IDI per-formance in the ICT Development Index where Iceland ranks 3 in Europe and 4 Worldwide.
Europe‘s Best Energy Infrastructure
Iceland’s Energy Infrastructure ranks number 1 in Europe according to IMD‘s World Compet-itiveness Yearbook 2014. Iceland’s state of the art electricity transmission grid is operated by Landsnet. The grid is circular and with fully redundant routes to ensure high uptimes as reliability is vitally important.
Iceland means languages. Lots of them.
- and, Iceland means happiness.
Most Icelanders speak fluent English. English and Danish are mandatory subjects in primary school, and many Icelanders are proficient in other major European languages as well.
According to the World Happiness Report 2015, Iceland is the second happiest country in the world, meaning that the population are satisfied with their lives. The data is based on research collected by economists and scientist analyzing the factors that make people feel satisfied. Data points include life expectancy, freedom to make life choices, and social sup-port.
Iceland means pride. Excellence. Agility. Resilience
Inventors. Investors. Entrepreneurs
Iceland means resourceful open minds and global solutions
Simply put, Iceland means business!