Business Opportunities in Greenland

Business opportunities in Greenland are shaped by geography, population size, and resource-based industries.

This guide provides an overview of the main sectors where foreign investors and entrepreneurs most commonly consider entering the Greenlandic market.

Understanding the Greenlandic business environment

Greenland is not a mass-market economy.

  • Small population
  • High operating costs
  • Limited workforce availability
  • Strong government involvement in key sectors

Most business opportunities are long-term and capital-intensive.

Fishing and seafood industry

The fishing and seafood sector is the backbone of Greenland’s economy.

  • Major contributor to exports
  • Strong regulatory framework
  • Licensing and quotas apply

Opportunities are usually available through partnerships or acquisitions rather than greenfield startups.

Tourism and hospitality

Tourism is a growing sector with increasing international interest.

  • Adventure and nature tourism
  • Small-scale accommodation
  • Guided experiences and services

Seasonality and limited infrastructure are key constraints.

Natural resources and mining

Greenland holds significant mineral resources.

  • Mining projects require large capital
  • Environmental and social approvals are strict
  • Long development timelines

This sector is suitable mainly for institutional or large-scale investors.

Infrastructure and logistics

Infrastructure development plays a critical role in Greenland’s long-term strategy.

  • Ports and transportation infrastructure
  • Energy and utilities
  • Logistics and supply chains

Many projects involve public-private partnerships.

Renewable energy

Greenland has strong renewable energy potential.

  • Hydropower projects
  • Energy infrastructure upgrades
  • Long-term sustainability focus

Projects often involve government cooperation.

Local services and small businesses

Small-scale opportunities exist in local services.

  • Maintenance and technical services
  • Construction and repairs
  • Local retail and supply

Success depends heavily on local demand and relationships.

Barriers to entry

Foreign investors should consider key barriers:

  • High startup and operating costs
  • Complex regulatory environment
  • Limited labor pool
  • Logistical challenges

Is Greenland suitable for startups?

Greenland is generally not ideal for fast-scaling startups.

It may suit:

  • Resource-based ventures
  • Infrastructure-related projects
  • Specialized service providers

Next steps for potential investors

  • Conduct sector-specific feasibility studies
  • Understand local regulations and permits
  • Engage with local partners where possible
  • Plan for long timelines

Related investment guides

Last updated: January 2026