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business

Is it worth to do business on Iceland?

Iceland is a tiny island somewhere far away on the Atlantic Ocean close to Greenland . Their consumer market is also really small. And on top of that they have their own national language that almost no one knows. All that doesn’t sound like the best place to do business.

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Is it worth to do business on Iceland?

Iceland is a tiny island somewhere far away on the Atlantic Ocean close to Greenland . Their consumer market is also really small. And on top of that they have their own national language that almost no one knows. All that doesn’t sound like the best place to do business.

Costs of living in Iceland

Iceland is expensive. Of course not so much if we live and work there but still. Our situation depends on two factors: where we live and what we do. Naturally, costs of living in Reykjavik are much higher than in smaller towns but so are the salaries. Pattern as everywhere.

Best way to do business on Iceland

Icelanders as ancestors of Vikings may be perceived as strong, stubborn and patriarchal whereas Vikings were surprisingly egalitarian. They founded one of the world’s early democracies when settling in Iceland. Always everyone’s opinion was equal. It’s very important to know their culture before doing business with them.