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Key advantages

Key reasons why you should consider doing business in the Faroe Islands
 

  • A tax environment offering a competitive corporation tax rate of 18%
  • No more than a few days to set up a business, which is considerably less than in most other European countries
  • A well-educated workforce with excellent language competencies, therefore, you will not experience communication barriers   
  • Rich natural environment for maritime and offshore activities
  • Expert knowledge of the maritime environment as well as world-class research and maritime education
  • A business legislation that adheres to EU standards
  • An outstanding domestic infrastructure with very good international links by sea and air to the other Nordic countries and Europe