Iceland´s location in the north atlantic means year-round access to cool air, drastically lowering operational costs related to cooling. Average year round temperatures in Iceland range from -3°C to12°C. Iceland is located right between North America and Europe, allowing a single data center to serve both continents.
Icelandic authorities are committed to offering a favourable business environment. This includes a low 20% corporate tax and a new effective incentive regime aimed at foreign investment, especially in the high tech industry.
As a member of the European Economic Area, Iceland is part of the European internal market with European legislation, including a comprehensive data protection act, and tariff free access to the European Union.
Establishing a data center in Reykjavik is in perfect alignment with The City’s green industrial policies. Accordingly, the City offers any appropriate assistance to further such project. - Dagur B. Eggertsson, Mayor of Reykjavík.