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 a permit for a parent 67+
You are 67 years or older.
You have an adult child that lives in Iceland and meets the requirements below.
Requirements that the your child must meet
an Icelandic citizen,
a holder of a permanent residence permit or
a holder of a temporary residence permit
for work requiring expert knowledge
for athletes
due to a shortage of labour
on the basis of a collaboration or service contract
for students
on grounds of international protection
on humanitarian grounds or
based on special ties to Iceland.
Your child may not, in the past five years, have been convicted or subjected to security measures for offences against the following chapters of the General Penal Code: Offences regarding family relationships (Chapter XXII), sexual offences (Chapter XXII), manslaughter or physical injury (Chapter XXIII), violations of personal freedom (Chapter XXIV), violations of a restraining order or an order to leave the home (Article 232), threats (Article 232 a) or insults (Article 233 b).
If a residence permit refusal, due to a sentence or security measures for the reasons listed above, would constitute an unfair measure against you or your child, you may be granted a residence permit.
Your child consents to you being issued a residence permit in Iceland based on your family ties.
Service provider
Directorate of Immigration