It is situated mid-way between Europe and North America. It has one of the highest living standards in the world. Trade relations and market access is favourable on both sides of the Atlantic. The transport and telecommunications infrastructure is well advanced. Icelanders pride themselves on being well educated and the workforce is highly skilled.
Labour costs are competitive.
The public administration is smaller than in most other countries which cuts the red-tape burden. The country is uniquely endowed with hydro and geothermal energy and environmental resources. A company wishing to use natural energy to produce clean products in an unspoiled environment will indeed find unique opportunities in Iceland. The country has excellent harbour and airport facilities. The major harbours around the country remain ice free throughout the year.