Expat Exchange > Iceland

Iceland

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Iceland is a Nordic island country located in the North Atlantic Ocean, known for its dramatic landscapes, which include volcanoes, geysers, hot springs, and lava fields. The country's capital and largest city is Reykjavik, which runs on geothermal power and is home to the National and Saga museums, tracing Iceland’s Viking history. With a population of around 356,000 and an area of 103,000 square kilometers, it is the most sparsely populated country in Europe. The interior of Iceland is characterized by sand and lava fields, mountains, and glaciers, while many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite a high latitude just outside the Arctic Circle. Its high latitude and marine influence keep summers chilly, with most of the archipelago having a tundra climate. The country's cultural heritage includes traditional Icelandic cuisine, poetry, and the medieval Iceland sagas. Tourism is a significant part of the economy, with visitors flocking to experience the country's unique natural beauty, including the Northern Lights. Iceland is also known for its commitment to gender equality and renewable energy, with around 85% of its total energy coming from domestically produced renewable energy sources. Despite its small population, Iceland has a vibrant cultural scene, with a focus on literature, arts, and music festivals, and is known for its progressive social attitudes and well-developed education and healthcare systems.

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Podcasts

Episode 8: Jake Barber - The Expat Finance Expert Returns

Episode 8: Jake Barber - The Expat Finance Expert Returns

Jake Barber, the Founder and CEO of SJB Global, is a life-long expat and an expert in expat finance. Over the course of Expat Exchange's nearly 30 years online, there are few people we have met with as much lived experience and professional acumen as Jake. We were thrilled to welcome him back to the show and look forward to having him on again!
Episode 6: Jake Barber - Expat Finance Expert and Lifelong Expat

Episode 6: Jake Barber - Expat Finance Expert and Lifelong Expat

Jake Barber is an expat finance expert and the founder and principal of SJB Global. A lifelong expat currently living in Marbella, Spain, Jake has vast experience helping expats from the United States, the United Kingdom, and other countries manage their finances while living abroad. Get a primer on what you need to know both before and after you move abroad!

Living in Iceland

Best Places to Live in Iceland

Discover the top-ranked towns in Iceland. Click on the town's name for a full profile of each town.
Rankings are based on a combination of many factors including schools, recreation, family-friendliness, cost of living and crime.

Visa & Residency

Obtaining a residency in Iceland involves several steps and the difficulty can vary depending on the type of visa and individual circumstances. The Directorate of (Útlendingastofnun) is the authority responsible for issuing residence permits in Iceland. The most common types of residence permits for expats include the Residence Permit for Work, Residence Permit for Athletes, and Residence Permit for Students. To apply for a Residence Permit for Work, an applicant must have a job offer from an Icelandic employer. The employer must demonstrate that the position could not be filled by a person from the EEA/EFTA. The application must include various documents, such as a criminal record certificate, a health insurance certificate, and proof of accommodation. For athletes, the Residence Permit for Athletes is available, which requires an employment contract with a sports club registered in Iceland and recognized by the Icelandic Sports and Olympic Committee. Students who wish to study at an Icelandic educational institution can apply for a Residence Permit for Students, provided they have been accepted into a program and can show proof of financial support and health insurance. The process can be considered average in terms of difficulty, but it requires careful attention to detail and complete documentation. Applications can be submitted online or through paper forms, and fees apply. Processing times can vary, but it generally takes around 90 days for a decision. It is important to apply well in advance of the intended move date to allow for any potential delays. For digital nomads, there is no specific visa category, but they can apply for a regular residence permit that allows them to live in Iceland for up to six months. This would require showing sufficient financial means, health insurance, and a detailed plan of their stay. Overall, while the process is bureaucratic and requires various documents, it is manageable with proper preparation and understanding of the requirements.

Healthcare in Iceland

The system in Iceland is predominantly public, funded through taxes and administered by the Ministry of Welfare. It is known for providing high-quality healthcare services to its residents. The system is universal, meaning all legal residents have access to healthcare services, with a focus on preventive care and general well-being. Private healthcare exists but is less common, mainly offering specialized services not covered by the public system. The cost of public healthcare is relatively low due to government subsidies, while private healthcare costs can be higher and are usually covered by private insurance or out-of-pocket payments. Expats and digital nomads can access public healthcare once they become legal residents, which typically involves living in Iceland for six months and registering with the National Registry.

Cost of Living

The cost of living in Iceland is considered high, particularly in the capital city of Reykjavik. Goods and services tend to be expensive due to the country's remote location and the cost of importing many items.

Weather

Iceland has a subarctic oceanic climate in the south and a tundra climate in the north. The weather is characterized by cold winters and cool summers, with temperatures often moderated by the North Atlantic Current. Precipitation is more common in the southern part of the island, and the weather can change rapidly, with strong winds and storms not uncommon.

Educational System in Iceland

The educational system in Iceland is known for its high quality and is designed to cater to the needs of all children. Education is compulsory and free for children between the ages of 6 and 16. The system is divided into four levels: playschool, compulsory, upper-secondary, and higher education. Playschool, or leikskóli, is non-compulsory preschool education for children up to the age of six. Compulsory education, or grunnskóli, is from ages 6 to 16 and is similar to elementary and middle school, consisting of 10 grades. After completing compulsory education, students can attend upper-secondary school, or framhaldsskóli, which is similar to high school in other countries and typically lasts four years. Upper-secondary education prepares students for either vocational professions or higher education. Students graduate with a stúdentspróf, which is equivalent to a high school diploma and is required for university admission. The Icelandic educational system emphasizes egalitarianism and inclusivity, with special support for students with disabilities. The curriculum focuses on preparing students for active participation in a democratic society, with an emphasis on creativity, critical thinking, and independence. The school year in Iceland typically starts in late August or early September and ends in May or June.

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