Mark Horner
The SME Market in Iceland
What is a Small to Medium Enterprise in Iceland?
Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). Certain size criteria must be met and occasionally the industry in which the company operates in is taken into account as well. Small and medium-size enterprises play a hugely important role in the economy. They outnumber large firms considerably, employ vast numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.
| 🇮🇸 ISK [164.245 GBP] | Atlantic/Reykjavik |
How big is the SME Market in Iceland?
Small and medium-size enterprises play an important role in the economy of Iceland. They outnumber large firms considerably, employ large numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.
Iceland has a population of over 353,574 people.
What help is available for SMEs in Iceland?
Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.
Help for small and medium enterprises (SMEs) includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we have suitable people to help you whatever your language or time zone.
Iceland has links with Åland Islands
🇮🇸 Kópavogur, 🇦🇽 Mariehamn
Iceland has links with Azerbaijan
🇮🇸 Reykjavík, 🇦🇿 Baku
Iceland has links with Bolivia
🇮🇸 Reykjavík, 🇧🇴 La Paz
Iceland has links with Canada
🇮🇸 Akureyri, 🇨🇦 Gimli 🇮🇸 Reykjavík, 🇨🇦 Winnipeg
Iceland has links with China
🇮🇸 Hafnarfjordur, 🇨🇳 Baoding 🇮🇸 Kópavogur, 🇨🇳 Wuhan
Iceland has links with Germany
🇮🇸 Hafnarfjörður, 🇩🇪 Cuxhaven 🇮🇸 Hafnarfjordur, 🇩🇪 Cuxhaven 🇮🇸 Ísafjarðarbær, 🇩🇪 Kaufering 🇮🇸 Ísafjörður, 🇩🇪 Kaufering 🇮🇸 Hveragerði, 🇩🇪 Tarp
Iceland has links with Denmark
🇮🇸 Húsavík, 🇩🇰 Aalborg 🇮🇸 Norðurþing, 🇩🇰 Aalborg 🇮🇸 Garðabær, 🇩🇰 Birkerød 🇮🇸 Hveragerði, 🇩🇰 Brande 🇮🇸 Reykjavík, 🇩🇰 Copenhagen 🇮🇸 Fjarðabyggð, 🇩🇰 Esbjerg 🇮🇸 Hafnarfjörður, 🇩🇰 Frederiksberg 🇮🇸 Hafnarfjordur, 🇩🇰 Frederiksberg 🇮🇸 Seltjarnarnes, 🇩🇰 Herlev 🇮🇸 Siglufjörður, 🇩🇰 Herning 🇮🇸 Reykjanesbær, 🇩🇰 Hjørring 🇮🇸 Blönduós, 🇩🇰 Horsens 🇮🇸 Hveragerði, 🇩🇰 Ikast 🇮🇸 Stykkishólmur, 🇩🇰 Kolding 🇮🇸 Skagafjörður, 🇩🇰 Køge 🇮🇸 Sauðárkrókur, 🇩🇰 Køge 🇮🇸 Garðabær, 🇩🇰 Næstved 🇮🇸 Kópavogur, 🇩🇰 Odense 🇮🇸 Akureyri, 🇩🇰 Randers 🇮🇸 Garðabær, 🇩🇰 Rudersdal 🇮🇸 Mosfellsbær, 🇩🇰 Thisted 🇮🇸 Akranes, 🇩🇰 Tønder 🇮🇸 Dalvíkurbyggð, 🇩🇰 Viborg
Iceland has links with Estonia
🇮🇸 Hafnarfjörður, 🇪🇪 Tartu 🇮🇸 Hafnarfjordur, 🇪🇪 Tartu
Iceland has links with England
🇮🇸 Akureyri, 🏴 Grimsby 🇮🇸 Reykjavík, 🏴 Kingston upon Hull 🇮🇸 Grindavík, 🏴 Penistone
Iceland has links with Finland
🇮🇸 Hveragerði, 🇫🇮 Äänekoski 🇮🇸 Skagafjörður, 🇫🇮 Espoo 🇮🇸 Sauðárkrókur, 🇫🇮 Espoo 🇮🇸 Hafnarfjörður, 🇫🇮 Hämeenlinna 🇮🇸 Hafnarfjordur, 🇫🇮 Hämeenlinna 🇮🇸 Reykjavík, 🇫🇮 Helsinki 🇮🇸 Garðabær, 🇫🇮 Jakobstad 🇮🇸 Ísafjörður, 🇫🇮 Joensuu 🇮🇸 Ísafjarðarbær, 🇫🇮 Joensuu 🇮🇸 Fjarðabyggð, 🇫🇮 Jyväskylä 🇮🇸 Reykjanesbær, 🇫🇮 Kerava 🇮🇸 Akureyri, 🇫🇮 Lahti 🇮🇸 Stykkishólmur, 🇫🇮 Lappeenranta 🇮🇸 Seltjarnarnes, 🇫🇮 Lieto 🇮🇸 Skagaströnd, 🇫🇮 Lohja 🇮🇸 Mosfellsbær, 🇫🇮 Loimaa 🇮🇸 Fjallabyggð, 🇫🇮 Loviisa 🇮🇸 Akranes, 🇫🇮 Närpes 🇮🇸 Blönduós, 🇫🇮 Nokia 🇮🇸 Dalvíkurbyggð, 🇫🇮 Porvoo 🇮🇸 Garðabær, 🇫🇮 Rauma 🇮🇸 Húsavík, 🇫🇮 Riihimäki 🇮🇸 Norðurþing, 🇫🇮 Riihimäki 🇮🇸 Grindavík, 🇫🇮 Rovaniemi 🇮🇸 Árborg, 🇫🇮 Savonlinna 🇮🇸 Kópavogur, 🇫🇮 Tampere
Iceland has links with Faroe Islands
🇮🇸 Húsavík, 🇫🇴 Fuglafjørður 🇮🇸 Norðurþing, 🇫🇴 Fuglafjørður 🇮🇸 Kópavogur, 🇫🇴 Klaksvík 🇮🇸 Reykjanesbær, 🇫🇴 Miðvágur 🇮🇸 Ísafjarðarbær, 🇫🇴 Runavík 🇮🇸 Ísafjörður, 🇫🇴 Runavík 🇮🇸 Egilsstaðir, 🇫🇴 Runavík 🇮🇸 Akranes, 🇫🇴 Sørvágur 🇮🇸 Reykjavík, 🇫🇴 Tórshavn 🇮🇸 Garðabær, 🇫🇴 Tórshavn 🇮🇸 Hafnarfjörður, 🇫🇴 Tvøroyri 🇮🇸 Hafnarfjordur, 🇫🇴 Tvøroyri 🇮🇸 Fjarðabyggð, 🇫🇴 Vágar 🇮🇸 Akureyri, 🇫🇴 Vágur
Iceland has links with France
🇮🇸 Fjarðabyggð, 🇫🇷 Gravelines 🇮🇸 Grindavík, 🇫🇷 Jonzac 🇮🇸 Grundarfjörður, 🇫🇷 Paimpol
Iceland has links with Greenland
🇮🇸 Hafnarfjörður, 🇬🇱 Ilulissat 🇮🇸 Hafnarfjordur, 🇬🇱 Ilulissat 🇮🇸 Dalvíkurbyggð, 🇬🇱 Ittoqqortoormiit 🇮🇸 Akureyri, 🇬🇱 Narsaq 🇮🇸 Reykjavík, 🇬🇱 Nuuk 🇮🇸 Akranes, 🇬🇱 Qaqortoq 🇮🇸 Húsavík, 🇬🇱 Qeqertarsuaq 🇮🇸 Norðurþing, 🇬🇱 Qeqertarsuaq 🇮🇸 Fjarðabyggð, 🇬🇱 Qeqqata 🇮🇸 Kópavogur, 🇬🇱 Tasiilaq
Iceland has links with Iceland
🇮🇸 Hafnarfjörður, 🇮🇸 Akureyri 🇮🇸 Hafnarfjordur, 🇮🇸 Akureyri 🇮🇸 Akureyri, 🇮🇸 Akureyri, 🇮🇸 Hafnarfjörður
Iceland has links with Lithuania
🇮🇸 Reykjavík, 🇱🇹 Vilnius
Iceland has links with North Macedonia
🇮🇸 Reykjavík, 🇲🇰 Strumica
Iceland has links with Mexico
🇮🇸 Reykjavík, 🇲🇽 Mexico City
Iceland has links with Netherlands
🇮🇸 Reykjavík, 🇳🇱 Zevenaar
Iceland has links with Norway
🇮🇸 Akureyri, 🇳🇴 Ålesund 🇮🇸 Árborg, 🇳🇴 Arendal 🇮🇸 Garðabær, 🇳🇴 Asker 🇮🇸 Seyðisfjörður, 🇳🇴 Askim 🇮🇸 Akranes, 🇳🇴 Bamble 🇮🇸 Hafnarfjörður, 🇳🇴 Bærum 🇮🇸 Hafnarfjordur, 🇳🇴 Bærum 🇮🇸 Stykkishólmur, 🇳🇴 Drammen 🇮🇸 Egilsstaðir, 🇳🇴 Eidsvoll 🇮🇸 Húsavík, 🇳🇴 Fredrikstad 🇮🇸 Norðurþing, 🇳🇴 Fredrikstad 🇮🇸 Garðabær, 🇳🇴 Gjøvik 🇮🇸 Dalvíkurbyggð, 🇳🇴 Hamar 🇮🇸 Dalvík, 🇳🇴 Hamar 🇮🇸 Siglufjörður, 🇳🇴 Holmestrand 🇮🇸 Ólafsfjörður, 🇳🇴 Horten 🇮🇸 Skagafjörður, 🇳🇴 Kongsberg 🇮🇸 Sauðárkrókur, 🇳🇴 Kongsberg 🇮🇸 Reykjanesbær, 🇳🇴 Kristiansand 🇮🇸 Blönduós, 🇳🇴 Moss 🇮🇸 Seltjarnarnes, 🇳🇴 Nesodden 🇮🇸 Reykjavík, 🇳🇴 Oslo 🇮🇸 Skagaströnd, 🇳🇴 Ringerike 🇮🇸 Hveragerði, 🇳🇴 Sigdal 🇮🇸 Mosfellsbær, 🇳🇴 Skien 🇮🇸 Fjarðabyggð, 🇳🇴 Stavanger 🇮🇸 Kópavogur, 🇳🇴 Trondheim 🇮🇸 Ísafjörður, 🇳🇴 Tønsberg 🇮🇸 Ísafjarðarbær, 🇳🇴 Tønsberg
Iceland has links with Perú
🇮🇸 Hafnarfjörður, 🇵🇪 Juanjuí 🇮🇸 Hafnarfjordur, 🇵🇪 Juanjuí
Iceland has links with Poland
🇮🇸 Grindavík, 🇵🇱 Uniejów 🇮🇸 Reykjavík, 🇵🇱 Wrocław
Iceland has links with Portugal
🇮🇸 Grindavík, 🇵🇹 Ílhavo
Iceland has links with Russia
🇮🇸 Reykjavík, 🇷🇺 Moscow 🇮🇸 Akureyri, 🇷🇺 Murmansk 🇮🇸 Reykjavík, 🇷🇺 Saint Petersburg
Iceland has links with Sweden
🇮🇸 Fjarðabyggð, 🇸🇪 Eskilstuna 🇮🇸 Garðabær, 🇸🇪 Eslöv 🇮🇸 Garðabær, 🇸🇪 Gävle 🇮🇸 Seltjarnarnes, 🇸🇪 Höganäs 🇮🇸 Seyðisfjörður, 🇸🇪 Huddinge 🇮🇸 Árborg, 🇸🇪 Kalmar 🇮🇸 Húsavík, 🇸🇪 Karlskoga 🇮🇸 Norðurþing, 🇸🇪 Karlskoga 🇮🇸 Blönduós, 🇸🇪 Karlstad 🇮🇸 Reykjavík, 🇸🇪 Kista 🇮🇸 Skagafjörður, 🇸🇪 Kristianstad 🇮🇸 Sauðárkrókur, 🇸🇪 Kristianstad 🇮🇸 Ísafjarðarbær, 🇸🇪 Linköping 🇮🇸 Dalvíkurbyggð, 🇸🇪 Lund 🇮🇸 Kópavogur, 🇸🇪 Norrköping 🇮🇸 Stykkishólmur, 🇸🇪 Örebro 🇮🇸 Hveragerði, 🇸🇪 Örnsköldsvik 🇮🇸 Grindavík, 🇸🇪 Piteå 🇮🇸 Múlaþing, 🇸🇪 Skara 🇮🇸 Reykjavík, 🇸🇪 Stockholm 🇮🇸 Reykjanesbær, 🇸🇪 Trollhättan 🇮🇸 Mosfellsbær, 🇸🇪 Uddevalla 🇮🇸 Hafnarfjörður, 🇸🇪 Uppsala 🇮🇸 Hafnarfjordur, 🇸🇪 Uppsala 🇮🇸 Akureyri, 🇸🇪 Västerås 🇮🇸 Akranes, 🇸🇪 Västervik 🇮🇸 Skagaströnd, 🇸🇪 Växjö
Iceland has links with USA
🇮🇸 Akureyri, 🇺🇸 Denver 🇮🇸 Húsavík, 🇺🇸 Eastport 🇮🇸 Norðurþing, 🇺🇸 Eastport 🇮🇸 Reykjanesbær, 🇺🇸 Orlando 🇮🇸 Reykjavík, 🇺🇸 Seattle
Iceland has links with Venezuela
🇮🇸 Reykjavík, 🇻🇪 Caracas