Essentials
- City
- Tórshavn, Streymoy, Faroe Islands
- Population
- Approx. 13,500 (Tórshavn municipality approx. 23,000)
- Internet Speed
- Average 100-200 Mbps via fiber; excellent 4G/5G coverage across islands
- Currency & Banking
- Faroese Króna (1:1 with Danish Krone DKK); 1 USD ≈ 7.00 DKK, 1 EUR ≈ 7.45 DKK
- Tap Water
- Drinkable, high quality (among the cleanest in the world)
- Power
- 230V, 50Hz, 🔌 Type C/E/F/K sockets
- SIM Card
- Føroya Tele, Hey (Available at Vágar Airport for approx. 200 DKK)
- Banking for Expats
- BankNordik, Betri Banki; Revolut and Wise widely used
- Accommodation
- Hotels, Guesthouses, and Airbnb; Booking.com for short stays
- Cashless Friendly
- Yes, cards/contactless accepted everywhere, even in remote villages
- Short Term Rentals
- Airbnb (approx. 900-1,500 DKK/night), Hotel Føroyar
- Budget Accommodation
- 62N Guesthouse Marknagil (approx. 600 DKK/night)
- Best Area to Stay for Tourists
- Tinganes and Vágsbotnur (Historic harbor district)
- Best Area to Stay for Digital Nomads
- Gundadalur or Hoyvík (Residential, quiet, fiber internet ready)
Working and Networking
- Best Coworking Space
- Hugskotið (Tórshavn's business incubator, around 1,500 DKK/month)
- Best Cafe for Work
- Paname Café (Vaglið), Brell Cafe (Vágsbotnur)
- Networking Events
- Vinnuhúsið (House of Industry) seminars and Industry Day
- Social Events for Expats
- Expats in the Faroe Islands Facebook Group; municipal integration events
Transportation
- Best Taxi/Ride App
- Auto Taxi (+298 363636); no Uber available
- Bike/Scooter Rental
- Rentabike.fo (Vágsbotnur) - approx. 350 DKK per day
- Best Beach Nearby
- Sandagerð (Tórshavn) or Leynar (25 min drive)
- Top Regional Airline
- Atlantic Airways (Connects to Vágar International Airport)
- Top International Airline
- SAS (Scandinavian Airlines), Widerøe
- Highway Access
- Main Route 10; sub-sea tunnels connect to Vágar and Eysturoy
- Main Train/Transit Hub
- Steinatún (Main bus stop for red city buses and blue regional buses)
- Public Transport Passes
- Bussleiðin (Red city buses) are FREE; Strandfaraskip Landsins (Blue buses/ferries) use 4/7-day travel cards
- Regional Travel
- SSL (Strandfaraskip Landsins) buses and ferries (e.g., Tórshavn to Klaksvík)
Health and Wellness
- Best Hospital
- Landssjúkrahúsið (The National Hospital), Tórshavn
- Yoga & Wellness Centers
- Vælvera Fitness (Smiðjugøta), Yoga vid Annu
- Gyms & Fitness Centers
- Burn Fitness, Burn Heilsufloit (approx. 450 DKK/month)
- Laundry Services
- Mina Tvátt (Stiðjagøta)
Food and Drink
- Best Food Delivery App
- Eti (Local delivery app service)
- Best Local Dish to Try
- Skerpikjøt (Fermented mutton), Ræstkjøt (Fermented fish)
- Vegan/Vegetarian Options
- Bitin (Sandwich bar), Kaffihúsið
- Best Dessert Spots
- Gómagott (Artisan bakery and chocolates)
- Affordable Shopping Spots
- SMS Shopping Centre (Bónus supermarket)
- E-commerce/Online Store
- Heima.fo, local Facebook 'Keyp og Sel' groups
- Grocery Delivery
- Miklagarður (via the SMS ordering system)
- Bar/Nightlife Area
- Niels Finsens gøta area; Sirkus Føroyar, Glitnir
- Local Brewery
- Føroya Bjór, Okkara (Available at Rúsdrekkasøla Landsins)
- Wine Bars
- OY Brewery & Taproom, Skeiva Pakkhús
- Street Food Stalls
- Hattie's Burgers (Food truck style at the harbor)
- Popular International Cuisine
- The Tarv (Steaks), Katrina Christiansen (Tapas)
Culture and Attractions
- Must-See Landmarks
- Tinganes (Government buildings), Skansin Fortress
- Museums & Art Venues
- Listasavn Føroya (National Art Gallery), Tjóðsavnið (National Museum)
- Historical Sites
- Kirkjubøur (St. Magnus Cathedral ruins, 15 min drive)
- Religious Sites
- Tórshavn Cathedral (Havnar Kirkja)
- Annual Events
- Ólavsøka (National Holiday, July 28-29)
- Cultural Districts
- Tinganes (The old town with red wooden turf-roof houses)
- Theater Venues
- Norðurlandahúsið (The Nordic House)
- Local Markets
- Vágsbotnur (Fresh fish and seasonal produce)
- Music Scene
- Tutl Records Shop/Venue, G! Festival (in Syðrugøta)
- Street Art
- Murals near the SMS shopping center and Gundadalur
- Cooking Classes
- Heimablídni (Home dining experiences, e.g., Anna & Óli’s)
- Art Galleries
- Steinprint (The Faroese Lithographic Workshop)
- Historic Buildings
- Løgting (Parliament building)
- Local Heritage
- The Merkið (Faroese flag) and Faroese Chain Dance
Nature and Outdoor Activities
- Nearby Nature Escapes
- Viðarlundin (Tórshavn city park/woods), Nólsoy Island
- National Parks Nearby
- The Faroe Islands have no official National Parks, but all islands are protected nature
- Cycling/Walking Paths
- Hiking path from Tórshavn to Kirkjubøur over the mountain
- Scenic Viewpoints
- The Kongaminnið obelisk; Hotel Føroyar lookout
- Birdwatching Locations
- Hestur Island (cliff birds), Sørvágsvatn area
- Bonfire-Friendly Spots
- Very restricted; seasonal beach fires at Sandagerð during Midsummer
Other Services and Amenities
- Parcel Delivery Service
- Posta (National postal service)
- Tech Repair Services
- Elektron (Main IT service provider)
- Table Tennis Spots
- Tórshavn Table Tennis Club (Gundadalshøllin)
- Language Classes
- Evening School (Kvøldskúlin) offers 'Faroese for Foreigners'
- Libraries & Study Spots
- Býarbókasavnið (The City Library at Niels Finsens gøta)
- Community Centers
- Müllers Pakkhús
- Gaming Lounges
- Local internet cafes are rare; gaming is mostly community-based at clubs
- Casino & Gaming Halls
- Not permitted in the Faroe Islands
Business
- Studio Purchase Price (City Center)
- Approx. 45,000 DKK per m² (e.g., 40 m² = 1,800,000 DKK)
- Studio Purchase Price (Outside City)
- Approx. 35,000 DKK per m² (e.g., 40 m² = 1,400,000 DKK)
- 1-Bedroom Purchase Price (City Center)
- Approx. 42,000 DKK per m² (e.g., 60 m² = 2,520,000 DKK)
- 1-Bedroom Purchase Price (Outside City)
- Approx. 32,000 DKK per m² (e.g., 60 m² = 1,920,000 DKK)
- 2-Bedroom Purchase Price (City Center)
- Approx. 38,000 DKK per m² (e.g., 80 m² = 3,040,000 DKK)
- 2-Bedroom Purchase Price (Outside City)
- Approx. 28,000 DKK per m² (e.g., 80 m² = 2,240,000 DKK)
- Corporate Tax
- 18%
- Dividend Withholding Tax
- 35% (varies by treaty)
- Tax System
- Worldwide income basis for residents
- Highest Income Tax Bracket
- Up to approx. 50% (inclusive of municipal taxes)
- VAT
- 25% (MVG)
- Controlled Foreign Company (CFC) Rules
- Yes, compliant with Danish/Nordic standards
- Property Tax
- No land tax, but local municipal taxes apply to income
- Property Transaction Tax
- Registration fee approx. 1,000 DKK + 0.4% to 1% of value
- Attractive Tax System for Digital Nomads
- None specific; double taxation treaties apply through Denmark