Business Development
in Iceland

Eykol provides Corporate Finance and Business Development services in Iceland.We work closely with specialists in accounting, M&A advisory, corporate counselling and business intelligence to tailor solutions to our customers.Let us know what kind of services you are looking for and we will give you a comprehensive proposal and quotes within 48 hours.

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Doing Business in Iceland

On a relative basis, the Icelandic economy is tiny. With a total population of fewer than 400 thousand people, the size of the Icelandic economy is similar to that of Boulder, Colorado ($23 billion).Irrespective of its size, there are various reasons that might prompt an investor to want exposure to the Icelandic economy. These include, but are not limited to the following:

  • A relatively young and growing demographic (no inverted pyramid).

  • A uniquely green energy industry comprised almost entirely of renewable energy sources.

  • A healthy economy with a relatively low debt to GDP ratio.

  • Thriving industries in Data Centers, Tourism, Fishing and Energy.

Business Etiquette and Culture

The business culture in Iceland is easygoing and does not rely on strict customs. In most cases, directness is appreciated and getting things done can be relatively easy.

Cost of doing business

Iceland is a relatively expensive country, as salaries are quite high and costs of various goods. Nonetheless, energy is comparatively cheap in Iceland, even though it comes almost exclusively from sustainable sources.

Ease of doing business

In 2020 Iceland ranked 26th on the Ease of Doing Business Index (out of 190 countries). Iceland scores particularly high in the following ranking factors:

  • Starting a business

  • Getting electricity

  • Registering a property

  • Trading across borders

  • Paying taxes

Starting a business or a branch

Setting up a limited liability company in Iceland is relatively easy and cheap. The registration fee for a new public limited company (hf.) is approximate ISK 256,000 and ISK 130,500 for a new private limited company (ehf.).

Investing in Iceland

Iceland has a relatively beneficial capital gains tax structure for companies and there are a number of progressive incentive programs for R&D spending.

Looking to do business in Iceland?

Corporate Finance and Business Development services in Iceland

The following is a list of services and companies that perform corporate finance services in Iceland:

Accounting Services and Tax Consulting

Legal Services

Financing and banking

Asset Management Services

M&A Advisory Services

SME Business Brokerage

Not sure who to talk to yet?

Owner Operators in Iceland

This is a list of small-cap stocks listed in Iceland where the management of the company is also a significant owner.

TickerNameParentLink
NeuromancerWilliam Gibson19840-441-56956-0
Snow CrashNeal Stephenson19920-553-08853-X
SoftwareRudy Rucker19820-441-77408-3

Shareholder Activism in Iceland

This is a list of companies publicly listed in Iceland, that have been subject to shareholder activism.

TickerNameParentLink
NeuromancerWilliam Gibson19840-441-56956-0
Snow CrashNeal Stephenson19920-553-08853-X
SoftwareRudy Rucker19820-441-77408-3

Get in touch

We assist foreign entities with business development and corporate finance in Iceland. And if we are not able to help, we will do our best to get you in touch with the appropriate local expert.