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 217.799 ISK.
    • The three-month minimum is 653.397 ISK. Employees need to demonstrate that they have at least 217.799 ISK in salary per month for at least three months.
    • Individuals with private means of support have to demonstrate that they have at least 653.397 ISK to support them financially while staying in Iceland.

    • The combined monthly minimum subsistence is 348.476 ISK.
    • The three-month minimum is 1.045.428 ISK. If the couples are employees, either one of them or both, they have to have at least 348.476 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 1.045.428 ISK combined to support them financially while staying in Iceland.

    • Monthly minimum subsistence is 108.898 ISK.
    • The three-month minimum is 326.694 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...

    • 401.306 ISK per month.
    • 1.203.918 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...

    • 531.983 ISK per month.
    • 1.595.949 ISK for three-month