Investment Visa Overview

Iceland Residency & Citizenship options

The Iceland self employed visa allows foreign nationals to live and work in Iceland as self employed individuals. This type of visa is suitable for those who wish to set up their own business or work as freelancers in Iceland. To be eligible for this visa, applicants must be at least 18 years of age and have a relevant educational qualification or professional experience. They must also have enough funds to support themselves during their stay in Iceland. The maximum period of stay for this visa is five years. After this, applicants can apply for permanent residence in Iceland.

Program 1
  • Name
    Work Permit - Self Employed
  • Description

    You must register a company in Iceland and request a work permit through that company.

  • Requirements

    No minimum investment amount required.

  • Validity
    1 year
  • Investment Type
  • Avg. Processing Time
    90 days after opening of company
  • Investment Amount
    No minimum, application cost is 15,000 ISK
  • Avg. Agent Fee
  • Physical Presence Requirement
    181 days of the year
  • Can family be included?
Official Government Website
Investment Types
Passport Overview

According to the SovSpot Passport Ranking Index, the Icelandic passport is presently ranked 11th. It allows anyone to travel to 185 countries without needing a visa. It is one of the best-ranked passports in the world, with a high mobility score. Visa-free travel and visa-on-arrival are available to Icelandic passport holders in countries such as the United Kingdom, United Arab Emirates, Japan, and the European Union as a whole. This enables for almost instantaneous travel opportunities all around the world. Icelandic passport holders, on the other hand, need a visa to visit around 44 countries around the world. China, India, and Russia are among the countries that require a visa.

Passport Rank


Visa Free Countries


Mobility Stats
  • Dual Citizenship Allowed?
  • Visa Free Destinations
  • Visa on Arrival
  • Visa Online
  • Visa Required
  • Visa Free Access
    Schengen, USA, UK, Canada, Japan
  • World Surface Area Reachable
  • Unesco Heritage Sites Access
Passport Ranking Factors

Iceland Passport Visa Free Countries

The number of countries Iceland passport holders can enter without a visa (i.e. visa-free countries) and those Iceland passport holders can enter by obtaining a visa on arrival (i.e. visa-on-arrival countries) or an electronic travel authorization is added up to determine the Iceland passport ranking relative to other global passports (eTA). There are now 138 visa-free countries for Iceland passport holders, 36 visa-on-arrival countries for Iceland passport holders, and 11 eTA destinations. Iceland passport holders can visit a total of 185 countries without a visa, via a visa on arrival, or using an eTA. As a result, the Iceland passport is ranked 11th in the world. In addition to these visa-free and visa-on-arrival countries, there are 44 other countries where Iceland passport holders will require a physical visa or an eVisa (i.e. visa required countries).

Citizenship by Descent - Details
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Latest Articles on Citizenship
Digital Nomad Visa

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We are currently working on updating all countries with digital nomad visas, check back soon. If you register we will send out a notification email as soon as these are added.

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