Viðskiptaráð Íslands

What Viðskiptaráð Íslands does

Viðskiptaráð Íslands is a private, non-profit business association and chamber of commerce headquartered at Borgartún 35, 105 Reykjavík, Iceland, operating under Icelandic registration (kennitala 690269-2369). It serves as the primary collective representative body for Icelandic businesses, with a membership exceeding 160 organizations spanning large enterprises, SMEs, and industry associations across all sectors. Its core activities are policy advocacy, economic research and analysis, international trade services (ATA Carnet issuance, Certificates of Origin), arbitration services through the Gerðardómur Viðskiptaráðs under the Nordic Arbitration Centre framework, and corporate governance guidance co-published with Samtök atvinnulífsins and Nasdaq. The organization produces recurring publications including the annual 'Icelandic Economy' report and at least 388 catalogued reports, analyses, opinions, and legislative submissions covering competition policy, taxation, labor regulation, public administration, and trade.

The business model is membership-based: revenue derives from member dues, fee-for-service trade documentation, arbitration case fees, and event/program income (Peningamálafundur, Skattadagurinn co-hosted with Deloitte and Samtök atvinnulífsins, Viðskiptaþing). No publicly disclosed revenue, membership pricing, or financial statements are available. The organization also operates as an educational publisher, distributing seminars and lectures on economic policy, AI in business operations, corporate governance, intellectual property, and cybersecurity through its website (vi.is) and email newsletter. The organization has extended its analytical product surface with the Umferðarhermir, an open-source traffic simulation model built on real data from Vegagerðin and the Intelligent Driver Model, available at vi.is/umferdarhermir — representing a quantitative modeling capability outside its traditional economic-policy core. Operating geography is exclusively domestic to Iceland, with no disclosed international offices or cross-border member base.

Name

Viðskiptaráð Íslands

Legal name

Viðskiptaráð Íslands

Website

https://vi.is

Company type

Private

Founded year

1917

Operating status

Operating

Headcount range

1–10 employees

Short description

Viðskiptaráð Íslands is an Icelandic non-profit chamber of commerce representing more than 160 member businesses, delivering policy advocacy, economic research, international trade documentation (ATA Carnet, Certificates of Origin), arbitration services, and corporate governance guidelines from its Reykjavík headquarters.

Ownership category

akta.pro rank

Product category

Chamber of Commerce Services

NAICS

Business Associations (813910)

SIC

Services-Membership Organizations (8600)

akta.pro industry

PRIMARYBPADAEAD

Governance, Public Financial Management & Service Delivery Reform

Business & Public Services/International Organizations & Development/International Development & Technical Assistance

SECONDARYBPAHAFAL

Fraud Risk Management & Anti-Bribery/Anti-Corruption (ABAC)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/Risk, Compliance & Governance Advisory

SECONDARYMPAGAGAM

Conferences & Conventions Operations Services (Registration, AV, Logistics)

Media, Entertainment & Sports/Live Entertainment & Events (Concerts, Theater, Festivals)/Conventions & Conferences (Business Events)

Keywords

• Business policy advocacy
• Economic policy research
• Arbitration services
• Trade documentation
• Chamber of commerce

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Distribution channels2 records

Marketing channels5 records

Core offering

Viðskiptaráð Íslands is a chamber of commerce that provides policy advocacy on behalf of Icelandic businesses, publishes economic research and analyses (including the annual "The Icelandic Economy" report), and offers operational services such as ATA Carnet issuance, certificates of origin, and arbitration through the Nordic Arbitration Centre (Gerðardómur Viðskiptaráðs). It also publishes corporate governance guidelines jointly with Samtök atvinnulífsins and Nasdaq, and hosts educational events and conferences.

Product overview

Viðskiptaráð Íslands is a business confederation and advocacy organization, not a product company. It does not offer a unified platform or software products. The organization provides policy research, economic analyses, opinions, reports, events, arbitration services (Gerðardómur), corporate governance guidelines, and international services (ATA Carnet, certificates of origin). Its primary output is policy commentary, stakeholder consultations, and publications on Icelandic economic and regulatory matters. The organization has developed an open-source traffic simulation tool (Umferðarhermir) available at vi.is/umferdarhermir.

Differentiator

Problem solved

Functional benefit

Products and services

• Policy Advocacy Services

Quantifiable outcome

• Published 388+ reports and analyses covering Icelandic economic policy, competition, taxation, and public sector reform (2004-2026)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Samtök atvinnulífsinscoreStrategic or Co-development PartnerCo-publisher of corporate governance guidelines ('leiðbeiningar um stjórnarhætti fyrirtækja') along with Nasdaq. Joint organizer of annual Skattadagurinn (Tax Day) event with Deloitte.
• NasdaqcoreStrategic or Co-development PartnerCo-publisher of corporate governance guidelines along with Samtök atvinnulífsins.
• DeloittecoreStrategic or Co-development PartnerCo-organizer of annual Skattadagurinn (Tax Day) conference with Viðskiptaráð and Samtök atvinnulífsins.
• Nordic Arbitration Centre / Gerðardómur ViðskiptaráðscoreStrategic or Co-development PartnerOperates the arbitration court (Gerðardómur) under the Nordic Arbitration Centre framework, providing dispute resolution services for Icelandic businesses.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viðskiptaráð Íslands