Business For Sale Svalbard and Jan Mayen | Business For Sale Listings
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Get to Know About Svalbard and Jan Mayen
Svalbard and Jan Mayen are two separate groups of islands, with different administrations, under the jurisdiction of Norway. However, according to the standard recognition set up by the International Organization for Standardization (ISO) to represent countries, they are dependent territories. Special areas of geographical interest, they were combined under the standard ISO 3166-1 provision. Doing Business in Svalbard and Jan Mayen is great, especially when you are after natural resources exploration.
Svalbard is an archipelago in the Arctic Region situated north on top of the European Continent. It is between Norway and the North Pole. Some of the known islands in Svalbard are the Spitsbergen, Nordaustlandet, and Edgeøya. The archipelago is not part of Norwegian County but rather an unincorporated area administered by a governor appointed by Norway. Business in Svalbard is dominated by coal mining, tourism, and research.
Jan Mayen, on the other hand, is a Norwegian volcanic island. It is divided into two parts: Nord-Jan and Sør-Jan. The island is mountainous and rich in gravel – the major resource in the site. Business in Jan Mayen is limited to radio communications and meteorological stations.
Svalbard and Jan Mayen are promising, and at the same time, challenging investment territories, particularly in the exploration of natural resources. Exploring natural resource could bring more money, but we must not also forget to protect our environment, particularly the arctic region.