Most business in Iceland tends to take place in the capital, Reykjavik. Business meetings tend to be formal, with smart dress essential. It is worth handing out business cards, and initial greetings are usually accompanied by a handshake. Punctuality should be respected. Meetings are usually conducted in English when dealing with foreigners. It is worth noting that Icelanders generally go by their first name, and telephone directory listings are alphabetical by first name. Business hours are usually from 8am to 4pm (summer) and 9am to 5pm (winter). Most offices are closed on weekends.
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