Iceland![iceland flag](https://remote-website.remote.com/flags/iceland.svg)
Make employment in Iceland easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Iceland, all in one easy-to-use platform.
- Capital City
Reykjavík
- Currency
Icelandic krona (kr, ISK)
- Languages
Icelandic
- Population size
364,134
![A tall building with a clock on top.](https://images.ctfassets.net/dlbjkw4rng8s/4ImcFmsTm1tGj93QeOz4F6/30cffd119afa2539ab543c5a92004a57/https___images.prismic.io_all-remote-content_68d66426-d5d4-4a7a-ac7d-b8e1e95e7a55_iceland.jpg?fm=webp&w=3840&q=75)
Types of leave
Employees accumulate paid time off, depending on their tenure in the same line of work.
The minimum PTO entitlement is 24 weekdays annually, compensated at a rate of 10.17% of your normal wages. With five years of experience working in the same industry, you’re entitled to 25 weekdays off, paid at 10.64% of your normal wages.
After five years of employment with an employer, you’re entitled to 27 weekdays, paid at an 11.59% rate. This increases to 30 weekdays, compensated at a 13.04% rate after 10 years of employment with the same employer.