🇮🇸 Selfoss,
Iceland
#1545
Nomad Score
5.4
Coords
63.9368093, -21.0035319
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BUSINESS
| Topic | Details |
|---|---|
| 💼 Corporate Tax | 20% (for limited liability companies) |
| 💵 Dividend Withholding Tax | 22% |
| 🏢 Studio Purchase Price (City Center) | Approx. 850,000 ISK per m² (e.g., 40 m² = 34,000,000 ISK) |
| 🏢 Studio Purchase Price (Outside City) | Approx. 720,000 ISK per m² (e.g., 40 m² = 28,000,000 ISK) |
| 🏠 1-Bedroom Purchase Price (City Center) | Approx. 800,000 ISK per m² (e.g., 60 m² = 48,000,000 ISK) |
| 🏠 1-Bedroom Purchase Price (Outside City) | Approx. 680,000 ISK per m² (e.g., 60 m² = 40,000,000 ISK) |
| 🏡 2-Bedroom Purchase Price (City Center) | Approx. 750,000 ISK per m² (e.g., 80 m² = 60,000,000 ISK) |
| 🏡 2-Bedroom Purchase Price (Outside City) | Approx. 640,000 ISK per m² (e.g., 80 m² = 51,000,000 ISK) |
| 🏦 Tax System | Worldwide income for residents; progressive individual rates |
| 📈 Highest Income Tax Bracket | 46.25% (combined state and municipal) |
| 🧾 VAT | 24% standard; 11% reduced rate (food, books) |
| 🌐 Controlled Foreign Company (CFC) Rules | Yes, applicable to residents with interests in low-tax jurisdictions |
| 🏠 Property Tax | Municipal property tax (Fasteignaskattur) approx. 0.2% - 0.5% of valuation |
| 🏠 Property Transaction Tax | 0.8% for individuals on deed registration; 1.6% for legal entities |
| 💻 Attractive Tax System for Digital Nomads | Remote Worker Visa allows 180-day stays without local tax residency |
ESSENTIALS
| Topic | Details |
|---|---|
| 🏙️ City | Selfoss, Árborg, Southern Region, Iceland |
| 👥 Population | 9,600 |
| 💻 Internet Speed | High-speed Fiber optic widely available; average 100-500 Mbps |
| 💸 Currency & Banking | Icelandic Króna (ISK). 1 USD ≈ 140 ISK, 1 EUR ≈ 152 ISK |
| 🚰 Tap Water | Drinkable, high-quality glacial water from every tap |
| 🔌 Power | 230V, 50Hz, 🔌 Type F (Schuko) sockets |
| 📶 SIM Card | Siminn, Vodafone, and Nova; Prepaid 10GB starter packs approx. 2,900 ISK |
| 💳 Banking for Expats | Landsbankinn or Arion Banki; Revolut and Wise widely used |
| 🛌 Accommodation | Guesthouses and Airbnb; monthly rates approx. 250,000 - 350,000 ISK |
| 💳 Cashless Friendly | Yes, Iceland is almost entirely cashless; cards accepted everywhere |
| 🏠 Short Term Rentals | Airbnb, Booking.com, and Bungalo.com (for cabins) |
| 🛏️ Budget Accommodation | Selfoss Hostel (Austurvegur 28); bunk beds from 6,500 ISK per night |
| 🏙️ Best Area to Stay for Tourists | New Town Center (Miðbær Selfoss) for proximity to restaurants and shops |
| 🏙️ Best Area to Stay for Digital Nomads | Residential areas near Austurvegur for walkability and services |
WORKING AND NETWORKING
| Topic | Details |
|---|---|
| 🏢 Best Coworking Space | Skyrríkið (Eyrarbakkavegur 2) - modern community workspace |
| ☕ Best Cafe for Work | Bókakaffið (Austurvegur 22) - cozy bookshop cafe with reliable Wi-Fi |
| 💼 Networking Events | Árborg Municipality business meetups; often promoted on 'Selfoss.is' |
| 🥂 Social Events for Expats | ‘Expats in Iceland’ and local ‘Selfoss’ Facebook groups |
TRANSPORTATION
| Topic | Details |
|---|---|
| 🚕 Best Taxi/Ride App | Hreyfill (Call +354 588 5522); No Uber/Bolt in Iceland |
| 🚲 Bike/Scooter Rental | Selfoss Guesthouse often provides rentals; Hopp e-scooters available in town |
| 🏖️ Best Beach Nearby | Stokkseyri/Eyrarbakki black sand beaches (15 mins drive) |
| ✈️ Top Regional Airline | Icelandair (domestic flights from Reykjavik Airport RKV) |
| ✈️ Top International Airline | Icelandair, Play (operating from Keflavik KEF, 1.5 hours away) |
| 🛣️ Highway Access | Located directly on Route 1 (The Ring Road) |
| 🚉 Main Train/Transit Hub | Selfoss Bus Terminal (Center); No trains in Iceland |
| 🚍 Public Transport Passes | Strætó bus app; single local fare approx. 500 ISK |
| ✈️ Regional Travel | Strætó Bus Line 51 (Reykjavik to Höfn) stops in Selfoss |
HEALTH AND WELLNESS
| Topic | Details |
|---|---|
| 🏥 Best Hospital | Heilsugæsla Suðurlands (Sólvellir 2, Selfoss) |
| 🧘 Yoga & Wellness Centers | Laugarás Yoga and local sessions at the Sports Center; Selfoss Swimming Pool (Sundhöll) |
| 🏋️ Gyms & Fitness Centers | World Class Selfoss (Suntún 1); Day pass approx. 2,800 ISK |
| 🧺 Laundry Services | Selfoss Hostel or local guesthouses often offer services for a fee |
FOOD AND DRINK
| Topic | Details |
|---|---|
| 📱 Best Food Delivery App | Aha.is (Limited service in Selfoss; most call direct for pickup) |
| 🍽️ Best Local Dish to Try | Pylsur (Islandic hot dog) at Pylsuvagninn; Plokkfiskur (Fish stew) |
| 🍱 Vegan/Vegetarian Options | Kaffi Krús (Austurvegur 7) offers vegan pizzas and salads |
| 🍫 Best Dessert Spots | Ísbúð Huppu (Austurvegur 3) - famous Icelandic soft serve |
| 🛒 Affordable Shopping Spots | Krónan or Bónus (Austurvegur) - cheapest grocery options |
| 🛒 E-commerce/Online Store | Elko.is for electronics; Heimkaup.is for general goods |
| 🛒 Grocery Delivery | Heimkaup.is (delivers to Selfoss from Reykjavik) |
| 🍸 Bar/Nightlife Area | The New Town Center (Miðbær) cluster of bars like Messinn |
| 🍻 Local Brewery | Ölvisholt Brewery (located 10 mins outside Selfoss) |
| 🍷 Wine Bars | Vinstúfan Tenór (New Town Center) |
| 🍲 Street Food Stalls | Pylsuvagninn Selfossi (Stationed near the bridge) |
| 🍕 Popular International Cuisine | Lily & Bloom (Italian/Global); Smiðjan Brugghús (Burgers) |
CULTURE AND ATTRACTIONS
| Topic | Details |
|---|---|
| 🎟️ Must-See Landmarks | Selfosskirkja (Church) and the Old Bridge over Ölfusá |
| 🏛️ Museums & Art Venues | Bobby Fischer Center (Austurvegur 21) - dedicated to the chess champion |
| 🏰 Historical Sites | The Old Dairy (Mjólkurbúið) - restored as a food hall/cultural hub |
| 🕍 Religious Sites | Selfosskirkja (Modern Lutheran architecture) |
| 🎉 Annual Events | Sumar á Selfossi (Town festival in August) |
| 🎨 Cultural Districts | The New Center (Miðbær) featuring reconstructed historical buildings |
| 🎭 Theater Venues | Leikfélag Selfoss (Local theater group performances) |
| 🛍️ Local Markets | Handverk og hönnun (Local crafts often found in the Old Dairy) |
| 🎼 Music Scene | Live music at Smiðjan Brugghús and local pubs |
| 🎨 Street Art | Murals on building walls in the Old Town section near the river |
| 🧑🍳 Cooking Classes | Occasional workshops at the Farmers Association (Búnaðarsamband Suðurlands) |
| 👩🎨 Art Galleries | Listasafn Árnesinga (Arnesinga Art Museum) in nearby Hveragerði |
| 🕰️ Historic Buildings | Tryggvaskáli (The oldest house in Selfoss, built 1890) |
| 🏴 Local Heritage | Dairy farming history; commemorated at the Mjólkurbúið museum |
NATURE AND OUTDOOR ACTIVITIES
| Topic | Details |
|---|---|
| 🌅 Nearby Nature Escapes | Hellisheiði geothermal area and Reykjadalur steam valley |
| 🏞️ National Parks Nearby | Þingvellir National Park (45 mins drive) |
| 🚲 Cycling/Walking Paths | Path along the Ölfusá river and trails through Hellisskógur forest |
| 🌄 Scenic Viewpoints | Ingólfsfjall Mountain overlooking the town |
| 🦉 Birdwatching Locations | Ölfusá delta and the nearby coast at Ölfus |
| 🔥 Bonfire-Friendly Spots | Designated areas during Áramótabrennur (New Year's Eve bonfires) |
OTHER SERVICES AND AMENITIES
| Topic | Details |
|---|---|
| 📦 Parcel Delivery Service | Pósturinn (Larsenstræti 1) |
| 🛠️ Tech Repair Services | Tölvun (Eyravegi 32) |
| 🏓 Table Tennis Spots | Íþróttahús Selfoss (Sports Center/Gymnasium) |
| 🧑🏫 Language Classes | Fjölbrautaskóli Suðurlands (FSU) offers adult Icelandic courses |
| 📚 Libraries & Study Spots | Bókasafn Árborgar (Austurvegur 2) |
| 🏘️ Community Centers | Hvítasunnukirkjan or local sports clubs |
| 🕹️ Gaming Lounges | Limited; local youth centers (Félagsmiðstöðin) have setups |
| 🎰 Casino & Gaming Halls | None (Gambling and casinos are illegal in Iceland) |
🧭 CONTINUE EXPLORING SELFOSS