News of Creditinfo HQ being moved to Europe


Creditinfo HQ in Reykjavik

As some of you may already know, we have been in the news in Iceland recently regarding the possibility of moving Creditinfo Group HQ.  We have been moving towards this for some time, both as regards the legal registration and physical location.  The legal aspect has mainly to do with financing.  Iceland still has currency restrictions and the government is keeping businesses in the dark regarding relaxation of this.  We have enough Icelandic Kronas but at times lack other currencies.  Interest rates in Iceland are also high.  As for the physical location, what we need to do is to have a base for expansion closer to new markets. Reynir used to be the only one in Iceland working for international operation, now we are 6, with the need to add a few more, considering all the opportunities that are presenting themselves. Continue reading »