Moving to Iceland

Overview

Introduction to Iceland

Iceland, a land of stark beauty and natural wonders, is known for its dramatic landscapes of volcanoes, geysers, hot springs, and lava fields. It has captured the imagination of expatriates seeking a connection with nature, a safe living environment, and a society that values sustainability and equality.

Why Move to Iceland

Relocating to Iceland offers the chance to live in one of the most geographically unique places on earth. The country’s small population and high standard of living contribute to a close-knit community atmosphere, while its innovative approach to technology and energy sustainability makes it attractive to professionals in these sectors.

Cost of Living in Iceland

While the cost of living in Iceland is relatively high, the quality of life is among the best in the world. Residents benefit from excellent healthcare, education, and social services, which are reflected in the country’s investment in its people.

Visa and Residency

Types of Visas

Iceland provides various residency options for EU/EEA citizens, who can live and work freely in the country. For non-EU/EEA citizens, there are visas and permits available for work, study, and family reunification, with special categories for skilled professionals and entrepreneurs.

Requirements for Obtaining Residency

To obtain residency in Iceland, non-EU/EEA individuals typically need to have a job offer from an Icelandic employer, or prove they have sufficient funds and health insurance to support themselves. There are additional pathways for artists and those joining family members in Iceland.

Renewing Residency

Residents must ensure they renew any temporary permits before they expire and keep track of any changes in Icelandic immigration law that may affect their status, especially as regulations may evolve post-Brexit.

Finding Accommodation

Popular Neighborhoods in Iceland

The capital city of Reykjavik is the cultural and economic heart of Iceland and is popular among expatriates for its vibrant city life and proximity to nature. Other areas such as Akureyri in the north offer a quieter lifestyle with stunning scenery and a strong sense of community.

Renting vs Buying Property

Whether to rent or buy in Iceland should be carefully considered; the housing market can be competitive, especially in Reykjavik. Renting is common among new arrivals, giving them flexibility as they get to know the country and its real estate market.

Tips for Finding Accommodation

Finding accommodation in Iceland requires patience and persistence. It’s recommended to start the search well in advance and to utilize local real estate websites and agencies. Networking with locals and other expatriates can also provide leads on available properties.

While Iceland stands somewhat isolated in the North Atlantic, it serves as a bridge between North America and Europe. This strategic position can be advantageous for businesses and individuals looking to connect with both continents. Though direct neighbors are distant, the cultural and economic ties to countries like moving to Denmark, relocating to Norway, and settling in the UK are strong, offering gateways to Scandinavian and European markets.

Settling In

Healthcare System in Iceland

Iceland boasts a high-quality universal healthcare system. The state provides for most medical services, and residents can also opt for private insurance to cover additional services and reduce wait times for certain procedures.

Education System in Iceland

The Icelandic education system is known for its Nordic model of education, emphasizing equality and comprehensive schooling. There are also international schools in Reykjavik that cater to expatriate families.

Cultural Etiquette and Customs

The Icelandic culture is informal yet respectful. The country’s social norms are rooted in egalitarianism and community, with a strong emphasis on preserving the natural environment. Expatriates who embrace these values often find a harmonious fit with the local way of life.