Act on incentives for initial investments in Iceland

Incentives are offered to companies that are investing in commercial operations in Iceland. The Investment projects need to meet requirements, such as being beneficial for the Icelandic economy and society, in terms of job creation,
rural development, export and tax revenues and knowledge.

Aproved investment projects will receive benefits in return, including derogations from taxes and charges. In addition, authorization to fix the rate of income tax, in line with the current rate of income tax, for 10 years can be granted, as well as 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.

Act on incentives for initial investments in Iceland   

For detailed information concerning the incentives please contact INVEST IN ICELAND.                   

Tel: +354 561 5200

E-mail info@invest.is