Iceland's corporate income tax rate is 20%, which is one of the lowest in Europe. At the same time, Iceland has signed treaties with more than 50 countries to avoid double taxation, protecting foreign investments from being taxed repeatedly.

Iceland's business regulations and legislation are simple and clear, English is widely used in society, and combined with full protection of foreign investments and fair legal procedures, conducting trade and business activities in Iceland is simpler and more attractive compared to many other countries.

The Icelandic government values business and strives to create a friendly business environment. In addition to several advantages such as low corporate tax, land, and renewable energy, Iceland's Technology Development Fund provides initial stage funding of up to $500,000 for digital startups.

Iceland not only has excellent infrastructure but also offers the most competitive electricity prices in Europe, with electricity prices between 2-3 cents per kilowatt-hour for large industrial users, and the price of industrial steam is also very competitive.