The government of Iceland will require that applicants for residence permits or Icelandic citizenship to show that they have enough means to financially support themselves independently.
- As of February 1, 2025, the reference amount required for an individual, 18 years and older, will be raised from 239.895 ISK to 247.572 ISK per month.
- The amount for married couples will be raised from 383.832 ISK to 396.115 ISK per month. The amounts refer to pre-tax income.
The new reference amounts apply for applications received as of February 1, 2025.
Erickson Insights & Analysis
Erickson Immigration Group will continue to monitor developments and share updates as more news is available. Please contact your employer or EIG attorney if you have questions about anything we’re reporting above or case-specific questions.