People

Minimum subsistence

EEA or EFTA nationals that apply for registration in Iceland need to demonstrate their capacity for financial support for at least three months from their registration date. Cash is not considered as satisfactory confirmation of support. The amount is based on the minimum financial support criteria in Reykjavík.

    • The monthly minimum subsistence is 228.689 ISK.
    • The three-month minimum is 686.067 ISK. Employees need to demonstrate that they have at least 228.689 ISK in salary per month for at least three months.
    • Individuals with private means of support have to demonstrate that they have at least 686.067 ISK to support them financially while staying in Iceland.

    • The combined monthly minimum subsistence is 365.902 ISK.
    • The three-month minimum is 1.097.706 ISK. If the couples are employees, either one of them or both, they have to have at least 365.902 in total monthly salary for at least three months.
    • Couples who come here as individuals with private means of support, have to demonstrate that they have at least 1.097.706 ISK combined to support them financially while staying in Iceland.

    • Monthly minimum subsistence is 114.345 ISK.
    • The three-month minimum is 343.035 ISK.

    If the individual is fully supported by the parents, the above-mentioned amount is added to their minimum subsistence. The minimum subsistence does not increase in case of children under the age of 18 years old.

  • In the case of an individual older than 21 years’ old that will stay with a relative (an individual) and is supported by the relative, the monthly minimum subsistence for the relative is...

    • 421.371 ISK per month.
    • 1.264.113 ISK for three-month.

    In the case of an individual older than 21 years’ old that will stay with relatives (a married couple) and is supported by them, the monthly minimum subsistence for the relatives is...

    • 558.584 ISK per month.
    • 1.675.752 ISK for three-month