Guidance for UK businesses on rules for selling services to Iceland.
Read this page in combination with the guidance for EU, Switzerland, Norway, Iceland and Liechtenstein
The authoritative source for market regulations in Iceland is the Icelandic government. This guidance links to official sources in Iceland wherever possible.
Trade and services regulations in Iceland
If you are a UK business offering services in Iceland, you will need to follow Iceland’s regulations about:
- getting authorisations or licences to provide a service
- complying with specific local business regulations
- EEA nationality requirements which could prevent you from providing services in some sectors
The Iceland e-government portal for service providers can help you to:
- find out about providing services in Iceland
- understand local regulations
- complete any relevant administrative procedures online
Consider appointing an English-speaking lawyer in Iceland to help you comply with specific regulations.
To find out if EEA nationality requirements apply to you, contact the appropriate competent authority.
Ownership of companies registered in Iceland
If you have a UK business, you might face restrictions on your ability to own, manage or direct a company registered in Iceland or any other EEA country.
Ownership of legal firms in Iceland
If you are a UK legal professional who has investments in law firms in Iceland, contact the Icelandic Bar Association for information on the implications for your investment.
Business travel and entry requirements
See the latest information on business travel to Europe.
- visas including intra-corporate transfers
- work and residence permits
- supporting documentation
- other conditions
Social security payments for employees
Find out if you need to pay National Insurance in the UK or social security contributions in Iceland.
Recognition of professional qualifications
Check if you need to take action by reading our guidance relating to EEA countries and Switzerland.
If you need to secure the recognition of your professional qualification in Iceland, these sources can help you:
- ENIC/NARIC Iceland, the information centre for the academic and professional recognition of qualifications
- UK NARIC, the national information centre for professional qualifications
UK statutory auditors working in Iceland
For UK statutory auditors, the Audit Oversight Board Iceland (site in Icelandic) should be able to provide further information.
UK lawyers working in Iceland
If you’re a UK-qualified lawyer working in Iceland, under an Icelandic professional title or in the process of transferring into the profession by exit day, you can continue to practice in Iceland subject to local regulatory rules.
If you’re a UK-qualified lawyer working in Iceland, under a UK professional title, you are subject to the same rules as other third country (non-EU) lawyers in Iceland.
You should contact the local Bar association in the region in which you are working or the Icelandic Bar Association for specific advice.
Data transfer and GDPR
As part of the wider UK-EU Trade and Cooperation Agreement, the free flow of personal data from the EEA to the UK will continue after 1 January 2021 for no longer than 6 months, until adequacy decisions come into effect.
As a sensible precaution during this 6 month period, it is recommended that you work with EEA organisations who transfer personal data to you to put in place alternative transfer mechanisms to safeguard against any interruption to the free flow of EU to UK personal data.
Read guidance on using data in your personal business or other organisation.