Iceland Wants You! If You’re Rich

Nina Slawek, Open Jaw

Who doesn’t want wealthy clients? But to make people’s pant pockets a condition of doing business takes some fairly large frosties.

Most of us would be happy with any little chip of business, especially in these times.

But Iceland, The Land of Fire and Ice requires proof of an almost CA$10,000 monthly salary (or about $120,000 a year) for applicants to be approved for a six-month stay on the island. 

That probably throws cold water on quite a few "work from away" plans.

Icelandic politician Asta Gudrun Helgadottir told the National Post the idea is "to attract high-earning professionals" working in the tech sector. The ice cream of the crop, you could say. The hope is this affluent crowd will rent out unused Airbnbs, fill empty tables at restaurants, and head to the countryside on weekends to explore like typical slow-going tourists. 

Iceland isn’t the first destination to lure digital nomads with long-stay waivers, but it certainly is the one to offer the priciest proposition. Bermuda, for instance, requires little more than a US$263 application fee for those who want to swap their dreary cityscape for a Caribbean beach.

Nina Slawek

Nina Slawek President

The visionary co-founder of Open Jaw, Nina handles everything at OJ from the purse-strings to the talented but eccentric staff. She is frequently spotted hobnobbing with industry leaders and making glamorous appearances in the Open Jaw TV Room.

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