Nomad Visa【2024 edition】Visa information for countries where you can work in Nomad or freelance

Iceland also issues long-term stay visas, but unlike other countries, the deadline is 180 days.

Normally, Icelandic residents have a social security tax burden of 34.44% as income tax, but since they never exceed 183 days to become a tax resident, there is no income tax or social security tax burden.

Terms

• Citizens of countries other than EU / EEA / EFTA
• Have not been issued a long-term visa in Iceland within the last 12 months
• Doing remote work
• Those who do not stay in Iceland for a long time
• If you have a monthly income of ISK 1,000,000 (about $ 7800) or more and you want to apply for a spouse or a child under the age of 18, ISK 1,300,000 (about $ 10150) is required.
• Have health insurance that meets the requirements
• ISK 7,800 (approx. $ 60.90) per person as an application fee

What you need to apply

• Application Form-802
• Application fee (prepaid)
• A copy of your passport that is valid for at least 3 months
• Passport photo (35x45mm taken within the last 6 months)
• Health insurance covering Ireland
• In the case of an employer, confirmation from the employer that the applicant can work remotely
• In the case of self-employment, confirmation that the applicant can be confirmed to be self-employed in his / her own country or place of residence
• Income proof
  ISK 1,000,000, or ISK 1,300,000 per month if you have a family
• Police certificate
• Marriage certificate if you have a spouse
• Birth certificate etc. if you have children
  ※If your child is 6 to 16 years old, you will need one of the following as a document about your child's education:
  〇Take distance lessons from your home school
  〇Enrolled in an Icelandic school
  〇Get homeschooled

General comment

Iceland provides magnificent nature and clean air, but it is a difficult country for many remote workers.

It is a big point that income tax is exempt (please check the tax agreement with the country of residence for tax purposes) because you will be a non-resident for tax purposes, but the VAT rate of 24% is very burdensome.

Another negative point is that you can only stay for 180 days.