| Regulation: | Act on incentives for initial investments in Iceland |
| Short name: | Iceland Investment Act |
| Number: | Act No 41/2015 |
| Issuing entity: | Iceland |
| Date: | 2015/01/01 |
| Reference: | https://www.stjornarradid.is/library/01--Frettatengt---myndir-og-skrar/ANR/Act-on-incentives-for-initial-investments-in-Iceland-English-2015.pdf |
| Hard/soft law instrument: | |
| Relevant justice questions: | Chosen justice question particularly relevant for the regulatory/policy framework (in the light of JUSTNORTH research, aimed at supporting future justice-focused research on Arctic governance):
General: What is the idealized vision of the future state that the framework is to achieve (e.g. as expressed in introduction to legal acts)?
Weighting values: Does the framework promote certain values and interests at the expense of others? Whose interests are being promoted?
Procedural justice: What are the opportunities for participation in decision-making and who is envisaged as a stakeholder?
Inclusion and participation: Are all relevant stakeholders/rightsholders included in the governance/decision-making process and are there any important stakeholders who are excluded?
Climate justice: How does the instrument affect the climate change?
Environmental justice and ethics: What identifiable actual or potential environmental harms and benefits are governed by the given regulatory framework? How are they distributed?
Rights: Which rights and rights frameworks are expressly included in the governance framework, which are missing? |
| Level: | National and EU/EEA |
| Remarks: | |
| Brief description: | The purpose of this act is to promote initial investment in commercial operations, the competitiveness of Iceland and regional development by specifying what incentives are permitted in respect of initial investments in Iceland and how they should be used. |