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ICELAND – THE STRATEGIC CHOICE

ICELAND – THE STRATEGIC CHOICE. Thordur Hilmarsson. Iceland is Competitive. Competitiveness: 1st in Europe, 4th Worldwide. Economic Freedom: 5th Worldwide. Low Corruption: 1st Worldwide. Global Creativity Index: 7th Worldwide.

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ICELAND – THE STRATEGIC CHOICE

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  1. ICELAND – THE STRATEGIC CHOICE Thordur Hilmarsson

  2. Iceland is Competitive Competitiveness: 1st in Europe, 4th Worldwide Economic Freedom: 5th Worldwide Low Corruption: 1st Worldwide Global Creativity Index: 7th Worldwide Quality of Life: 3rd Worldwide

  3. USD - millions FDI in Iceland – by sector

  4. Iceland´s potentials for investment • World Investment Report 2005: • Actual Performance Investment Index:Iceland #76 • Potential Performance Investment Index:Iceland #14

  5. Why invest in Iceland? • Compact society – minimum red tape • Competive tax legislation • Expanding finance sector • Strategic location • Renewable energy sources • Political stability • Advanced infrastructure • Educated population • Safe society

  6. Small is beautiful Small is efficient

  7. Attractive Business Environment 18% % Low corporate taxes

  8. Strategic Location Europe: 2-3 hoursUSA: 5-8 hours Europe: 3 daysUSA: 7 days

  9. Geothermal Energy Hydropower Natural resources

  10. European / UK - Icelandic Relations %

  11. Political Stability - Efficiency

  12. Icelandas a futureinternational financial centre

  13. Safe and Family Friendly Society

  14. Relatively high labour cost Small working population (165.000) in real terms. Currency fluctuations High living cost Minimum red tape – transparent society No corruption Low corporate taxes Bridge between Europe and USA Political stability Advanced infrastructure Young and well educated nation Safe society - low criminal rate Competitive specialist prices International accounting rules European legal framework Entrepreneurial spirit Strengths and Weaknesses

  15. Knowledge based industries • Power intensive industries - if relatively environmentally friendly What kind of investment / operation? • Software, high tech, biotechnology • Financial service companies, equity funds and holding companies

  16. The Invest in Iceland Agency Borgartun 35105 ReykjavikICELANDwww.invest.is ... at your service

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