Are foreigners allowed to own property in Iceland?
When we asked expats in Iceland if foreigners are allowed to own property, they answered...
"Yes, foreigners are allowed to own property in Iceland. Non-residents of Iceland are allowed to purchase real estate in the country, however, they must obtain permission from the Ministry of Justice before doing so. Additionally, foreign investors must register with the Icelandic Tax Authority and obtain a tax identification number. Furthermore, foreign investors must also obtain a residence permit if they plan to stay in Iceland for more than three months," commented one expat who made the move to Iceland.
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Other Questions:
- What do I need to know before moving to Iceland?
- How do I find a place to live in Iceland?
- What is a typical expat home or apartment like in Iceland?
- What is the average cost of housing in Iceland?
- Should I buy or rent a home in Iceland?
- What should I pack when moving to Iceland?
- What cultural faux pas should I try to avoid making in Iceland?
- Why do people move to Iceland?
- What are healthcare services like in Iceland?
- What are medical services in Iceland like?
- What are typical rents in Iceland?
- What appliances are typically included in a rental?
Are foreigners allowed to own property in Iceland?
If you live in Iceland, newcomers to Iceland would love to hear your answer to this question:
