If you are planning to settle in Iceland as a freelancer, understanding the visa requirements and settling process is necessary.
Iceland, with its breathtaking landscapes, rich culture, and modern amenities, has become a dream destination for freelancers seeking a balance between work and life.
Let’s explore through the steps and provide useful tips to make your transition smoother.
Settle in Iceland as a Freelancer
- Freelance Visa Options for Iceland
Currently, Iceland does not offer a specific “freelancer visa.”
Still, freelancers can explore other visa options that may suit their situation including,
Residence Permit for Work: Available for individuals with a formal job offer in Iceland.
Residence Permit for Self-Employment: Applicable for those planning to establish a business or work independently in Iceland.
Digital Nomad Visa: Iceland’s long-term visa for remote workers allows freelancers to stay up to 6 months.
Eligibility for a Digital Nomad Visa
The digital nomad visa is designed for remote workers and freelancers who can work independently while residing in Iceland.
Here are the key eligibility criteria,
- Proof of Employment or Freelance Work: Proof of remote work or freelance contracts with clients outside Iceland.
- Income Requirements: You must prove a monthly income of ISK 1,000,000 (approximately $7,000) or ISK 1,300,000 (approximately $9,000) if accompanied by a spouse or dependents.
- Health Insurance: Comprehensive health insurance valid in Iceland.
- No Local Clients: Your work should primarily serve clients outside Iceland.
Read: Is the Barbados Welcome Stamp Worth It for Digital Nomads?
How to Apply for a Digital Nomad Visa?
1. Prepare Required Documents
- Valid passport (with at least six months validity)
- Proof of income (bank statements or tax returns)
- Employment or freelance contracts
- Health insurance policy
2. Complete the Application Form
- Download the digital nomad visa application form from Iceland’s Directorate of Immigration website.
3. Submit the Application
- Mail or submit the completed application and required documents to Iceland’s Directorate of Immigration.
4. Pay the Fee
- The application fee is ISK 12,200 (approximately $90).
5. Wait for Approval
- Processing times typically range from a few weeks to a couple of months.
Cost of Living in Iceland
Iceland’s cost of living is relatively high compared to other European countries.
Here is a quick reminder to settle in Iceland as a freelancer,
- Accommodation
Renting a one-bedroom apartment in Reykjavik costs between ISK 150,000 and ISK 200,000 per month.
- Transportation
Public transport is reliable and costs around ISK 12,000 per month for a bus pass.
- Groceries
Monthly grocery expenses average ISK 40,000 – 60,000.
Tips for Settle in Iceland as a Freelancer
1. Plan Your Finances
- Save enough funds to cover initial costs, including accommodation and visa fees.
2. Find Co-Working Spaces
- Explore co-working spaces like Innovation House and The Hub Reykjavik for networking and productivity.
3. Learn the Basics of Icelandic
- While English is widely spoken, learning a few Icelandic phrases can help you integrate into the community.
4. Explore Networking Opportunities
- Join local freelancer and expat groups to connect with like-minded individuals.
5. Iceland’s Unique Lifestyle
- Enjoy outdoor activities like hiking and exploring geothermal spas to balance work and relaxation.
Why Iceland is a Great Choice for Freelancers?
Iceland offers a unique combination of natural beauty, safety, and a high standard of living.
With fast internet and a welcoming environment, it is an ideal location for freelancers seeking inspiration and peace of mind.
The country remote work visa is a gateway to experience all this while continuing your career.
Bottom Line
While settle in Iceland as a freelancer requires preparation and financial stability, the rewards are immense.
From its awe-inspiring landscapes to its supportive community, Iceland is a fantastic place to live and work.
Start planning your move today, and get the opportunities that wait in this Nordic paradise.
