Iceland – Taxation

Iceland is a Nordic island country located in the North Atlantic Ocean, with a unique taxation system. In this article, we will discuss how the taxation system works in Iceland, double taxation agreements, the main taxes expats need to be aware of, special tax breaks that could apply to expats, how and when to file … Read more

Iceland – Self-Employment

Iceland is a popular destination for expats looking to start their own businesses or work as self-employed individuals. In this article, we will explore how self-employment works for expats in Iceland, how to register as self-employed, the possibility of working as a digital nomad, how to start a company, and whether there are any incentives … Read more

Iceland – Retail and Consumer Issues

Iceland is a Nordic island country known for its stunning natural beauty, including glaciers, waterfalls, and hot springs. The country also has a thriving retail industry, with a range of shopping options for locals and tourists alike. In this article, we will explore the retail and consumer issues in Iceland, including opening hours, forms of … Read more

Iceland – Residency

Types of Residency in Iceland Iceland offers different types of residency for foreign nationals. Below are the types of residency available in Iceland: Temporary Residency Schengen Visa Nationals of certain countries can enter Iceland without a visa for stays up to 90 days within a six-month period. However, some foreign nationals require a Schengen visa … Read more

Iceland – Property Rental Prices

Typical Rental Prices in Expatriate-Friendly Areas of Iceland Iceland, with its breathtaking landscapes and unique culture, has become an increasingly attractive destination for expatriates seeking adventure and natural beauty. However, understanding the rental market in Iceland is essential for those considering a move. In this article, we will explore typical rental prices in areas favored … Read more

Iceland – Rail Travel

Iceland is a beautiful country with stunning landscapes and natural wonders, and one of the best ways to explore the country is by rail. However, unlike many other European countries, Iceland does not have a well-developed rail network. In this article, we will explore the overall standard of rail travel in Iceland, where to find … Read more

Iceland – Property Taxes

When buying or selling a house in Iceland, there are several taxes and fees that must be taken into account. These include: Transfer Tax: A tax on the transfer of property, typically paid by the buyer. The rate is 1.5% of the property’s value. Notary fees: Fees for the notary public to witness and certify … Read more

Iceland – Property Letting

Understanding the Letting Process in Iceland Letting a property in Iceland involves a series of steps and considerations, from generating rental income and adhering to local rules and regulations to crafting rental contracts, setting appropriate rental rates, managing furnishings, working with property agents, handling deposits, and ensuring property maintenance and cleanliness. In this comprehensive guide, … Read more