In Iceland, there is no official minimum wage imposed by the government. The labor standard in the country is 40 hours per week, distributed over five days of 8 hours. Some of the most in-demand jobs in Iceland are in sectors such as technology and innovation, renewable energies, construction, fishing, health, education, agriculture and livestock, and financial services. In Reykjavik, the city considered the most peaceful in the world, qualified professionals are needed in finance, accounting, and business management.
The average salary in Iceland ranges between US$ 60,000 and US$ 73,000 annually, which translates to about US$ 6,083 monthly. This Nordic European country has salaries determined through collective bargaining agreements between employers and unions.
To emigrate to Iceland, there are various ways to do so. After three months of work, it is possible to apply for a residence visa. Those wishing to work remotely in Iceland must demonstrate that they have sufficient monthly income. Ancestry and/or marriage visas can also be obtained, as well as an option for naturalization visas for those who have resided in Iceland for more than 7 years.
Reykjavik, the capital of Iceland, is considered a calm city with attractive salaries and benefits for immigrants. Applications for residency can be made through the Icelandic Immigration Department by presenting the necessary documents and demonstrating the ability to support oneself in the country. Iceland, in general, is considered one of the safest countries in the world and is a popular destination due to its quality of life, life expectancy, healthcare, education levels, and income.