GLOBAL EMPLOYER OF RECORD
Employ people in 190+ countries without opening a single entity
Our Global Employer of Record solutions handle contracts, payroll, tax, benefits, and immigration in 190+ countries, so you build compliant teams fast, without incorporating abroad.
FREQUENTLY ASKED QUESTIONS
Got Questions?
We’ve Got Answers.
Have questions about hiring globally? You’re not alone. Below you’ll find answers to the most common questions from teams expanding into new markets — from compliance and onboarding timelines to payroll and local benefits.
If you don’t see what you’re looking for, our team of in-country experts is always ready to help you navigate the details.
Can Acumen International support multiple countries at the same time?
Yes, our PEO solution is designed to support simultaneous market entry into multiple countries. You can hire in different regions without the administrative burden of setting up local offices.
What level of compliance support do you offer in high-risk jurisdictions?
We provide complete compliance risk assessments, local contract adaptation, tax filing, and continuous legal updates to safeguard your operations in every high-risk market we cover.
How does Acumen manage payroll and employee benefits internationally?
We process unified multi-country payroll in local currencies, calculate mandatory social contributions, and administer compliant statutory and supplementary benefit packages for your global workforce.
GLOBAL EMPLOYER OF RECORD
Global Coverage
Acumen International delivers global employment solutions across 190+ countries.
Strategic Markets
Hiring and compliance support across North America, Europe, and Asia-Pacific.
Established Jurisdictions
Lawful employment and payroll in regulated, compliance-intensive countries.
Growth Economies
Expanding into new regions? Hiring support across fast-moving economies.
Risky and Remote Locations
Compliant employment solutions in jurisdictions with limited infrastructure.
Global Employer of Record in Iceland
What is a Global Employer of Record?
A Global Employer of Record (EOR) offers a strategic avenue for companies aiming to extend their workforce worldwide, including Iceland. This innovative employment model allows businesses to access a wide range of talented individuals but also aids in minimising operational expenses, streamlining talent onboarding, and optimising overall efficiency.
In a dynamic regulatory landscape, businesses must maintain compliance with labour laws and taxation rules across diverse jurisdictions. Therefore, it’s crucial to implement efficient international HR strategies like the Global EOR, which can help businesses stay compliant with intricate legal frameworks, mitigate risks, and meet their operational needs.
Global EOR Services in Iceland
A Global Employer of Record in Iceland offers a holistic suite of services crafted to meet your unique requirements, facilitating your company’s secure growth and expansion. The services often include:
| Services Offered | Description |
|---|---|
| HR Management | Handling payroll, tax management, benefits, staff training, recruitment, and employee relations. |
| Regulatory Guidance | Assistance in adhering to Iceland’s payroll tax laws and reporting obligations. |
| IP and Offboarding | Intellectual property protection and handling employee departures. |
| HR Compliance | Navigation through Iceland’s local regulations, such as avoiding discriminatory job postings, illegal background checks, and inaccurate payroll or tax payments. |
| Legal Liaison | Collaboration with legal experts to address discrimination, wrongful termination, and other employment law subjects. |
Business Visas and Work Permits in Iceland
Work permits and business visas are required to employ foreign talent in Iceland. By opting for a Global EOR solution, you’ll get a reliable partner in Iceland to guide you through the complexities of local labour and immigration laws. This will eliminate any employment-related risks and free you from diving deep into the specifics of Iceland’s legislative landscape. Additionally, issues related to local employment will be managed on your behalf, allowing you to concentrate on your core business objectives.
Among the advantages of an international EOR service in Iceland is the facility to sponsor, arrange, and extend work permits and business visas for expatriate employees, ensuring seamless immigration processes.
Global Payroll Calculator by Express Global Employment
To simplify your payroll operations, consider our Global Payroll Calculator. It offers various features:
- Real-time estimation of global employment and payroll expenses.
- Advanced functionalities to assist your team in making quicker and better global hiring decisions.
- Real-time budgeting for your international expansion strategies and total employment cost.
- Precise cost comparisons across 190 countries.
- Automated calculation and breakdown of in-country taxes, contributions, and statutory benefits.
This tool will replace manual calculations, saving time and money and ensuring 100% global employment and payroll compliance.
Global Employment Services
Businesses in the process of expanding globally often face challenges when it comes to compliantly onboarding employees in foreign countries. In most cases, legal compliance requires establishing a legal in-country business entity, a complex, costly and time-consuming process many employers are not ready to undertake.
To help your organization legally onboard and payroll a workforce in Iceland, Acumen International offers a global employment solution via our Global Employer of Record (EOR) in Iceland designed to help you circumvent the legalities of direct hiring, eliminating the need for you to establish a legal entity in Iceland to conduct business there.
Global Employment Journey — Recruitment. Onboarding. Management. Retention. Termination
Compliance and legal guidance at every step of the Global Employment Journey. 24/7 local support.
| 1. Recruitment | 2. Global Mobility | 3. Checks | 4. Onboarding | 5. Payroll Administration | 6. Working Time & PTO Processing | 7. Benefits Administration | 8. Tax Administration & Reporting | Offboarding |
| Talent skilled in highly specialised areas | Employee Work Visa and Work Permit sponsorship | Health checks | Employment Agreement drafting | In-country registration with statutory bodies | Working hours | Mandatory Benefits | Tax Reporting frequency and requirements; | Employment agreement termination: |
| Executive search | Dependent Visa | Criminal record checks | Compliant worker onboarding on your behalf | Day-to-day payroll management | Overtime | Health insurance | Employer taxes & contributions | Dismissal – by the employer |
| Contingency workforce | Visa extension | Background checks | Account setup in the payroll and HR system | Monthly pay slips or other pay frequency | Public holidays | Workers’ compensation | Employee taxes & contributions | Resignation – by the employee |
| Application for a sponsor license for a foreign national | Education checks | Employee data entry and records maintenance | Accruals | Annual leave | Unemployment insurance | Withholding tax | Termination by mutual agreement | |
| Relocation assistance | Managing probation periods | Allowances | Parental leave | Voluntary Benefits | Local tax payments and reporting to local authorities | Notice period handling | ||
| 13th and 14th salary | Sick leave | Share plans for executives | End of financial year reporting | Final settlement & severance payments | ||||
| Additional leave | Bonuses & Equipment provision | De-registration with statutory bodies | ||||||
| Expenses reimbursement & business trip processing | ||||||||
| Health insurance, dental treatment |
Why Partner with Express Global Employment?
Express Global Employment serves as a Global Employer of Record (EOR), aiding companies in legally employing and compensating specialized professionals in Iceland. This comprehensive service allows businesses to attract top talent by offering competitive salaries while fulfilling their diverse global HR requirements.
Employer of Record (EOR) in Iceland: A Strategic Alternative to Direct Hiring
Opting for our EOR services in Iceland not only grants your company the ability to function locally but also extends your operational reach to 190 other international markets—all without the need to register a local business entity.
Legal Onboarding and Payroll Simplified in Iceland
Our EOR solution in Iceland minimises the challenges of legal employment and payroll. Whether you’re looking to bolster your team with Iceland-based talent or have already chosen a local candidate to work remotely, our EOR services ensure full legal compliance.
Immigration Services in Iceland
Beyond onboarding local citizens, Express Global Employment can also manage work permits and business visas, allowing you to employ your expatriate team in Iceland legally and compliantly.
Spotlight on Iceland
Iceland, a European island, is a country located in the North Atlantic Ocean, northwest of the United Kingdom. Iceland performs well in many measures of well-being relative to most other countries in the world, and ranks at the top in jobs and earnings, environmental and life quality. Literacy, longevity, and social cohesion are first rate by world standards.
- Capital: Reykjavík.
- Official language: Icelandic. Note, Icelandic Labour Law does not stipulate language of the employment contract.
- Population: 354.234 (July 2021).
- Labor force: 200.000 (2020).
- Local currency: Icelandic krona (kr; code: ISK).
- Minimum statutory salary: Icelandic law and regulations on employment do not provide for an official national minimum wage, regardless of occupation. However, collective agreements between unions and employer associations (for certain professions) are generally binding, which means that they also apply to non-union members. Wages and other employment terms contained in collective agreements are considered the legal minimum terms for the occupational sectors to which they apply. The minimum wages are determined on the grounds of the nature of the work, seniority and education. Notwithstanding above provisions, the minimum income is ISK 317.000 per month for a full-time position, i.e. 173.33 hours worked per month (40 hours per week) for an employee who has reached the age of 18 and has worked for at least six months in the same company or at least 900 hours.
- Salary currency: The employee and the employer may agree that a part of the regular monthly wage is to be paid in a foreign currency or that a part of the regular monthly wage may be linked to the exchange rate of a foreign currency. The selling rate of the currency should be used for reference on the date when the agreement between the employee and the employer was made.https://www.oecdbetterlifeindex.org/countries/iceland/
- Most developing industries: Iceland’s economy is now on an upward trajectory, particularly within the fields of tourism, software production, and biotechnology. Tourism, aluminum smelting, and fishing are the pillars of the economy.
- Trading partners: Iceland’s top export partners are Netherlands, the United Kingdom, Germany, Spain, the United States, France, and Canada with aluminum products and fish products, aircraft, iron alloys, and animal meal. Main service exports are tourism related services. Imports to Iceland include industrial supplies, capital goods (except for transport), transport equipment, fuels and lubricants, consumer goods, and food and beverages. Norway, Netherlands, Germany, Denmark, the United States, the United Kingdom, China, and Sweden are key import countries.