Iceland

Visa facts

• Maximum stay: 180 days
• Processing time: ? - ? days
• Dependents allowed: yes
• Remote work permission: explicitly allowed
• Renewal path: Not renewable.
• Income requirement: 1000000 ISK / month
• Savings requirement: Data not published

Tax and compliance

Resident treatment: Skatturinn states an individual becomes tax resident when staying in Iceland for more than 183 days in any 12-month period and residents are taxed on worldwide income. Non-resident treatment: non-residents are taxed only on Icelandic-source income. Foreign income exemption: no general exemption in the ordinary resident regime. Assumptions: effective_income_tax_rate_pct is set to 32.71 (state income tax 17.74% plus published average municipal tax 14.97% for 2026); employee social contribution proxy uses the mandatory 4% employee pension contribution. Confidence: medium (municipal rate is an average and final burden varies by municipality/income composition).

Cost and infrastructure

• Monthly cost baseline: $3,155
• Rent (1BR city center): $1,987
• Internet: $84
• Coworking: Data not published

Method: LivingCost country-level USD averages retrieved 2026-02-27. Average baseline is the source's 'Total with rent' (one person). Poor baseline is computed as without-rent basket + cheap 1BR + utility bill (1 person) + internet; comfortable baseline is computed as without-rent basket + city-center 1BR + utility bill (1 person) + internet. Baselines: poor $3106.93, average $3154.89, comfortable $3346.77. monthly_coworking_usd is null because this source does not publish an auditable country-level coworking monthly pass metric. Source date context: LivingCost page content current as of retrieval date. Confidence: medium (aggregated/crowdsourced country averages, significant intra-country city variance).