All applicants for a residence permit must
prove their identity with a valid passport
give correct information about their purpose of stay in Iceland
meet the following basic requirements
Applicants must demonstrate that they have secure means of support for the period they wish to reside in Iceland. To have secure means of support means that you are able to financially support yourself independently.
The Directorate of Immigration may obtain tax returns and documents from tax authorities in confirmation of this.
Amount
The minimum amount required as secure means of support is:
239.895 ISK for individuals per month.
383.832 ISK for married couples per month.
119.948 ISK additionally for family members 18 years of age or older.
The amount corresponds to the basic amount of financial assistance from the City of Reykjavík, see rules on financial assistance (in Icelandic). The amounts are based on income before taxation.
Duration
A foreigner’s means of support must be secure for as long as the residence permit is valid. This means that if a residence permit is issued for one year, secure means of support for one year must be demonstrated.
Exemptions from the condition of independent means of support
All applicants for a residence permit must prove secure independent means of support, except in the following instances:
For a child under the age of 18, provided for by a parent or legal guardian residing in Iceland, there is no need to demonstrate independent financial support.
For persons 18 years or older,
who have held a continuous residence permit in Iceland since they were children,
are studying or working in Iceland,
live with a parent and
are neither married nor cohabiting,
the minimum amount of funds required is 50% of the regular amount for an individual (119.948 ISK per month), in addition to the amount of funds that a parent or legal guardian has to demonstrate for themselves and other family members.
Applicants must demonstrate independent funds if they are working and not studying. An applicant studying may be a dependant of a parent.
A marital spouse does not need to demonstrate independent funds. Due to the maintenance obligation between marital spouses under the Marriage Act, it is enough that one party in a marriage demonstrates sufficient funds for both.
Note that cohabitation is not equivalent to marriage in this respect. There is no maintenance obligation between cohabiting spouses. A cohabiting spouse must therefore demonstrate independent funds.
For parents aged 67 or older, dependent on their child/children in Iceland, the minimum amount of funds required is 50% of the regular amount for an individual (119.948 ISK per month), in addition to the amount of funds needed to support other adults in the household.
A host family must prove support for their au pair. The additional support is based on 50% of the minimum support for an individual, 119.948 ISK per month, plus the wage costs for the au pair, ISK 60.000 for every four weeks in au pair service.
The following is not considered secure means of support
Payments in the form of social assistance, by the state or municipality (other than housing compensation (húsnæðisbætur)). If an applicant has received such compensation and is unable to demonstrate satisfactory support through other means, a residence permit will be rejected.
Alimony payments and child allowance, since their purpose is to support a child.
Support by a third party, in other instances than stated above.
Assets other than bank-account balances (for example real estate) and dividend from companies, interest or other payments that cannot be reliably expected to be available for payment.
Cash is not considered as satisfactory confirmation of support.
An insurance certificate must be submitted, confirming that the applicant has taken out (purchased) a health insurance
that is valid in Iceland,
for at least six months from the date of the registration of the applicant's legal domicile in Iceland,
with a minimum coverage of ISK 2,000,000.
Six months after registering your legal domicile with Registers Iceland you will be automatically covered by the national health insurance.
When applying for a residence permit no matters may exist that could cause the applicant being denied entry or stay in Iceland.
This means that you may not have
during the past five years, served a prison sentence abroad or been sentenced there to punishment for conduct which under Icelandic law would be subject to imprisonment of longer than three months
been sentenced for a punishable offence in Iceland, or to be subject to security measures for conduct liable to imprisonment, for longer than three months or have been sentenced to imprisonment more than once in the past three years
Special requirements for permits based on work
You must be 18 or older.
You must be granted the appropriate work permit by the Directorate of Labour on the basis of a specific job for a specific employer.
According to the Foreign Nationals’ Right to Work Act the expert knowledge of the applicant
must be essential for the relevant company and
must consist of university-level education, industrial, artistic or technical training, which is recognised in Iceland.
It is necessary to carefully read the further conditions for granting a work permit for a job in which special skills are required on the website of the Directorate of Labour.
According to the Foreign Nationals’ Right to Work Act a work permit based on a shortage of labour may be granted when employees cannot be found either on the Icelandic labour market or within the EEA/EFTA member states or the Faroe Islands.
It is necessary to carefully read the further conditions for granting a work permit due to a shortage of employees on the website of the Directorate of Labour.
According to the Foreign Nationals’ Right to Work Act it is a condtion that the foreign national is employed by a sports club under the umbrella of the National Olympic and Sports Association of Iceland. The association’s website contains an overview of all its member organizations.
It is necessary to carefully read the further conditions for granting a work permit for athletes on the website of the Directorate of Labour.
According to the Foreign Nationals’ Right to Work Act such a permit may be granted in exceptional circumstances, to specialist employees on the grounds of a service agreement or collaboration agreements on educational, academic or scientific work. It is a condition that the foreign company providing services in Iceland does not operate a branch in Iceland.
It is necessary to carefully read the further conditions for granting a work permit for specialised employees under service contracts or collaboration agreements on the website of the Directorate of Labour.
Service provider
Directorate of Immigration