Greenland’s business community can look forward to a political focus on better conditions and fewer barriers to growth.
That was one of the clear messages when Jens-Frederik Nielsen, the chair of Naalakkersuisut, outlined changes to the economic framework for businesses—including corporate taxation and support for entrepreneurs—at Future Greenland on Tuesday.
According to Jens-Frederik Nielsen, the Naalakkersuisut is already working on a strategy designed to make it easier to do business and foster greater innovation in Greenland.
“We are currently reviewing the framework conditions for our business community,” he said during a conversation with Krissie Berthelsen Winberg, chair of the board of Greenland Business.
Among other things, he highlighted the need to strengthen entrepreneurship and innovation in order to build a more resilient economy.
“There is no doubt that we want to boost entrepreneurship and innovation, because these are essential to sustaining our welfare system,” said the chair of the Naalakkersuisut.
Tax reform on the way
According to Jens-Frederik Nielsen, a key focus of the Naalakkersuisut’s work will be an upcoming corporate tax reform.
He stated that the Government of Greenland will review the tax framework for companies as part of its efforts to improve the business climate.
“We are reviewing our tax framework. We have a business tax reform in the works,” he said, adding that the reform is expected to be addressed during this legislative session.
At the same time, he emphasized that the challenges are not solely about the economy, but also about access to labor and structural conditions in society.
According to him, it is crucial that businesses across the country have better opportunities to create local value and jobs.
Greenland Business: Dialogue Works
At Greenland Business, Naalakkersuisut’s focus on business conditions was met with a positive response.
Krissie Berthelsen Winberg emphasized that the organization maintains close dialogue with both the previous and current governments, and that this cooperation is essential for finding solutions.
She also pointed out that many small and medium-sized businesses already take on a great deal of social responsibility—for example, by taking on apprentices, creating local jobs, and volunteering in their local communities.
“We need to keep talking to each other, and we need to keep finding solutions,” she said.