[l0b0]

  > The applicant can show their monthly income is equivalent to 1,000,000 ISK, or 1,300,000 ISK if applying for an accompanying spouse, cohabiting partner, and children under the age of 18.

1M ISK is 8k USD, 1.3M ISK is 10.4k USD. That excludes, what, 99% of the world's working population, or basically anyone outside of tech/biomed/banking/etc in very rich countries?

[admjs]

That’s a feature not a bug, I think.

[sgjohnson]

How is it not? It’s not even a long-term visa, it’s a 180 day one.

You can buy permanent residence in Costa Rica for $5000-ish.

And all of this is for an activity that most countries would be fine with you doing on a tourist visa. It’s pointless.

[dahfizz]

Is Iceland all that depserate for new residents / tourists? Being choosy about who you let move into your country is their prerogative. If they can attract a few high income people, that is a win.

[Scoundreller]

I’d assume various covid requirements (vaccines and testing) have hurt tourism a bit.

Their airline was quite popular as a cheap route between Europe and North America, and again, lots of otherwise passengers can’t/won’t make that journey.

[micromacrofoot]

It's twice as long as their standard visa

[sgjohnson]

So?

[kgin]

So you get to stay twice as long.

[malermeister]

It's made for rich knowledge workers to spend a few months there while working remotely and dump a bunch of money into their economy.

[Scoundreller]

because nobody would do that on a tourist visa. Never happened. Only real difference is you can pay to do it for longer than 90 days.

[micromacrofoot]

Yeah essentially they're saying people that are well off can come spend money there longer than other people. In typical Iceland fashion it excludes any path to permanent residency.

[MattGaiser]

That seems deliberate. You want rich people to dump money into the economy.