Iceland•EuropeEntrepreneur Residence Permit
At a Glance
Processing Time
60-90 days
Application Fee
20,000 ISK
Stay Duration
Up to 2 years
Renewable
Yes
Job Offer
Not Required
Dependents
Allowed
PR Pathway
Available
This visa can lead to permanent residency — the right to live and work here indefinitely without renewing your visa.Remote Work
Not Required
Overview
Residence permit for entrepreneurs launching new businesses in Iceland. Requires business plan, minimum capital investment of ISK 4 million, and demonstration of business viability. Supports innovation and job creation.
Iceland's Entrepreneur Residence Permit allows foreign nationals to establish residency by launching innovative businesses in Iceland. The program targets entrepreneurs in technology, renewable energy, creative industries, and other innovative sectors.
The minimum capital requirement is ISK 4 million (approximately USD 30,000). The business plan is thoroughly evaluated for viability and market potential.
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Requirements
Financial
Investment Required
4,000,000 ISK
Documentation
Applicant Documents
Valid passport
At least 6 months validity
Business plan
Detailed market analysis, business model, financial projections
Professional experience documentation
CV and professional credentials
Criminal background check
From country of residence
Health insurance
Valid in Iceland
Proof of capital
Bank statements or investment agreements showing ISK 4 million+
Sponsor Documents
Business registration documents
If business already established
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Advantages
- Pathway to permanent residency
- Renewable if business succeeds
- Moderate capital requirement
- Supports job creation
- Allows dependents
Considerations
- Requires viable business plan
- Significant capital investment needed
- Business-dependent status
- Rigorous evaluation process
- Responsibility to maintain business
Application Process
Develop business plan
Detailed plan showing market opportunity and viability
Arrange capital
Secure ISK 4 million minimum investment
Prepare documentation
Passport, business plan, financial proof, criminal background check
Submit application
Send to Directorate of Immigration
Pay fee
ISK 20,000
Business evaluation
Authorities assess business plan and viability
Receive permit
Residence permit issued upon approval
Application Forms
Entrepreneur Residence Permit Application
Ready to Apply?
Check your eligibility first to see how well you match this visa