Employer of Record · Iceland
Employer of Record Iceland — Hire Without a Local Entity
Expandyte handles employment contracts, payroll, taxes and compliance in Iceland so you can focus on growing your business.
Key Employment Facts
Hiring in Iceland at a glance
Minimum Wage
ISK 390,000/month
Employer Social Security
6.35%
Employee Social Security
4%
Corporate Tax
20%
Annual Leave
24 days
Notice Period
1-6 months
Currency
Icelandic Króna (ISK)
Figures are indicative and can change with local legislation. Request a free quote for an up-to-date, tailored breakdown.
Our Services
What Expandyte Handles in Iceland
Employment contracts
compliant with local law
Payroll processing
in local currency
Social security & tax contributions
calculated, withheld and filed
Employee benefits administration
statutory and supplementary
HR administration & onboarding
smooth from day one
Offboarding & termination management
compliant exits
Why
Why Companies Expand to Iceland
- A highly educated, English-fluent workforce with strong digital skills.
- A leader in renewable energy, green tech and sustainable industry.
- Low employer social security contributions of 6.35%.
- A strategic mid-Atlantic location between Europe and North America.
Hire in Iceland without setting up a local entity
One clear monthly fee per employee, on top of salary and statutory employer costs. No setup fees, no hidden charges.
Get a Free QuoteFAQ
Hiring in Iceland — FAQs
Contact
Get a Free EOR Quote for Iceland
Tell us about your hiring plans in Iceland and we'll get back to you within 24 hours.
- Compliant employment contract
- Monthly payroll & tax filings
- Dedicated account manager