Where should I setup a bank account in Keflavik?

"Expats considering retirement in Keflavik should be aware of the high cost of living, which is one of the highest in the world. The weather in Iceland is very unpredictable and can change rapidly, so it's important to be prepared for all types of weather conditions. The official language is Icelandic, but English is widely spoken, especially by younger generations. Healthcare in Iceland is of a high standard, but it's important to have comprehensive health insurance as medical costs can be high. The crime rate in Iceland is very low, making it a safe place to live. Iceland has a unique culture and traditions that expats should respect and try to understand. The country is known for its stunning natural beauty, including geysers, waterfalls, and the Northern Lights, which can be a major draw for retirees. Public transportation in Keflavik is reliable, but many people choose to own a car for convenience. The food in Iceland is heavily based on fish and lamb, and dining out can be expensive. Icelanders are known for their love of outdoor activities, so there are plenty of opportunities for hiking, fishing, and exploring the natural landscape. Lastly, it's important to understand the tax implications of retiring in Iceland, as the country has a progressive income tax system," explained one expat living in Keflavik, Iceland.

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Allianz Care

Allianz Care's plans ensure that you have access to quality healthcare whenever you need it. Our flexible solutions allow you to tailor your cover to meet your needs and budget. You can submit your claims digitally and our helpline is available 24/7 to help you anytime.
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