Engage In Iceland

Table of Contents

About Iceland

Capital City

Reykjavík

Population

As of March 2024, the estimated population of Iceland is 375 thousand.

Currency

The currency in Iceland is the Icelandic Króna (ISK). The currency symbol is kr‎.

Exchange Rate Calculator

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Overview

Iceland, officially known as Ísland in Icelandic, is a Nordic island country located in the North Atlantic Ocean and the Arctic Ocean. With its breathtaking landscapes, Iceland is often referred to as the “Land of Fire and Ice” due to its contrasting natural wonders. It is the most sparsely populated country in Europe, with Reykjavík serving as its capital and largest city, home to approximately 36% of the population. The country boasts stunning natural attractions such as volcanic mountains, geothermal hot springs, stunning waterfalls, and expansive glaciers. The Icelandic people take great pride in their rich cultural heritage, which is deeply rooted in sagas, folklore, and ancient traditions. The country’s language, Icelandic, is closely related to Old Norse and has been remarkably preserved throughout history. Iceland embraces renewable energy sources, with geothermal and hydroelectric power playing a significant role in its energy production. With a commitment to environmental sustainability, Iceland continues to inspire visitors with its untouched landscapes, captivating aurora borealis displays, and unique experiences such as soaking in geothermal hot springs or venturing into ice caves. Whether marveling at its natural phenomena or immersing in its vibrant culture, Iceland offers an unforgettable adventure for travelers seeking both tranquility and adventure.

Employment Relationship

Permanent Employment

Fixed-Term or Specific-Purpose Contracts

Temporary Employment Contratcs

Probationary Period

Working Hours

Holidays / PTO

Statutory Holidays

Paid Annual Leave

Sick Leave

Maternity Leave

Paternity Leave

Termination of Employment

Notice Period

Severance Benefits

Social Security

Pension

Dependents/Survivors Benefit

Invalidity Benefit

Taxation of Compensation and Benefits

Personal Income Tax

Immigration

Types of Visas

Work Permit

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