Iceland Launches Digital Nomad Visa - Iceland Welcomes Digital Nomads

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Iceland Launches Digital Nomad Visa - Iceland Welcomes Digital Nomads Foreign nationals in Iceland will be eligible to work remotely for overseas comp...

Дата загрузки:2020-11-12T02:15:10+0000

Iceland Launches Digital Nomad Visa - Iceland Welcomes Digital Nomads

Foreign nationals in Iceland will be eligible to work remotely for overseas companies and stay in the country for up to six months, Iceland’s government has announced.

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0:00 - Iceland Launches Digital Nomad Visa - Iceland Welcomes Digital Nomads

0:52 -Iceland Welcomes Digital Nomads

The decision follows the measures that have been put in place by Iceland’s Minister of Tourism, Industry and Innovation together with the Minister of Justice and the Minister of Finance and Economic Affairs.

Through this move, non-EEA nationals will be eligible to reside in Iceland for more than six months.

01:27 - Nomadic Lifestyle On the Rise

The pandemic has certainly put a spotlight on the digital nomad lifestyle and pushed many companies worldwide to adopt new changes to the way they work and encouraging their staff to work remotely.

The result is that in many instances staff members can choose their home environment, irrespective of the location of their workplace.

This is in addition to the millions of Digital Nomads that were already living the location independent lifestyle prior to the COVID-19 pandemic.

Research suggests that 4.8 million independent workers currently describe themselves as digital nomads, and many more, 17 million, aspire to someday become nomadic.

It is the reason that countries are now racing to attract these remote workers as they bring wealth to local economies.

Eligible applicants will need to have a monthly income of at least 1,000,000 ISK ($7039,28 or €6032,09) for individuals arriving on their own and 1,300,000 ISK ($9151,06 or €7841,72) for those who bring their partner.

In addition, all internationals who are excluded from the visa requirements are permitted to file an application for a long-term visa in Iceland for a remote job and bring their families without additional requirements such as having Icelandic ID numbers.

We need to shape our export industry, based on ingenuity and by making it easier for foreign nationals to work from Iceland, we add value, knowledge and connections in Iceland,

Innovation and Industry that support our innovation environment, Minister of Tourism, Innovation and Industry,

Foreigners wishing to obtain Iceland’s more extended permissions of stay will be required to present an employment relationship, income as well as health insurance.

We want to ensure that with regards to taxation, there is nothing to prevent the possibility of temporarily allowing individuals working for foreign companies to work from Iceland.

We believe that these individuals will bring with them valuable experience and connections that will benefit Iceland on its path to economic recovery from the effects of the Covid-19 pandemic - Minister of Finance and Economic Affairs

technological developments which are growing fast, are urging us to be open to the growing opportunities which are available to us. - the Minister of Justice

This is only the first step and the reason for high-income requirements.

04:17 - Providing Support European Countries Offering Digital Nomad Visas

Other EU countries who are open to remote workers are The Czech Republic, Germany Portugal and Spain.

Back in August, Estonia announced that it had opened applications for the country’s Digital Nomad Visa, permitting foreigners in Estonia to continue their jobs for a foreign employer or as a freelancer.

Croatia is another country that announced the introduction of a Digital Nomad Visa.

Are you looking to work remotely in another country? Comment below.

If you need assistance with a visa to Europe, Iceland, or the UK, including help with securing your travel arrangements, IaM can help

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