The Faroe Islands hold a number of advantages, opportunities and potential for international businesses and investors. The Faroe Islands offer attractive fiscal and tax regulations for foreign investors.

Below are listed a number of advantages of investing in the Faroe Islands taken from the webpage of Faroese Securities Market. 

Infrastructure

• Strategic location half-way between Europe and North America
• Good geographical location in relation to the Nordic countries with access to markets with considerable purchasing power
• Well-functioning infrastructure, which is continuously being expanded and developed
• Efficient distribution systems
• Daily flight connections to the European market via Denmark; weekly car-ferry connection to Denmark, Norway and Shetland; cargo ships sail weekly throughout the year to Denmark, Iceland and other countries

Economy

• Low inflation (CPI): 0.5% (2003)
• High GDP per capita: 204,218 DKK / 28,853 US$* (2002)
• Low corporate tax rate: 20%
• Attractive taxation rules
• Stable public policy, economy and currency
  * Using the Avista exchange rates from Copenhagen stock exchange on 31-12-02.

Workforce

• Well-educated
• Internationally focused with excellent language skills: Scandinavian, English and some German and French
• Faroese workers are flexible and productive. The Faroese workplace demonstrates a high degree of respect for the needs of a workers family life
  
• Extensive resources available especially in new technologies such as IT and mobile telephony 

Operational Costs

• Low rates for office space
• Reasonable data and telecommunication tariffs
• Competitive salaries for management, engineers and scientist

Social Welfare

• Comprehensive social welfare system, generally based on the Scandinavian welfare model
• Living standards and quality of life are high, and on level with the other Scandinavian countries
• Well-developed systems for public education, social welfare, and national health care. These services are for the most part publicly financed

Other

• European and Scandinavian regulatory framework and quality standards
• Tariff-free access for most products to the single market of the European Union
• Clean, natural environment

For further information on investment opportunities in the Faroe Islands see the webpage of the Faroese Securities Market