PEO Services in Iceland

Our PEO services in Iceland can help you make your expansion hassle-free and cost-effective, enabling you to start your Icelandic business in days.

Professional Employer
Organisation

With a small economy, an active consumer market, and a well-developed trading structure, Iceland is in the crosshairs of many innovative companies.

Icelandic countryside with mountain
Icelandic countryside with mountain

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Hassle-Free Expansion

Iceland’s economy knows a broad history of increase and decrease resulting in a mixed economy with the service sector as its main pillar. The country relies heavenly on tourism, but the software sector and biotechnology are rapidly gaining ground too. Iceland’s main export products are tourism, marine products, and aluminium.

With well-developed trade agreements across Europe and the United States, Iceland has plenty to offer to any business looking for new opportunities.

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Why Choose a PEO?

A Professional Employer Organisation offers you a launchpad for global expansion. By using a PEO in Iceland there is no need to set up a legal entity including all tax registrations and complicated paperwork, and you can start doing business within days. At Bradford Jacobs, we made it our goal to gain expert inside knowledge on Icelandic payroll, taxes, labour laws, and other local regulations.

By utilising our sources, you can start your Global Expansion hassle-free and at a low cost. We can provide specific support for payroll, taxation, Human Resources, and compliance issues as you expand your operations and enforce your workforce.

If you are ready to start your global success with us, you can add new international talent to your company within days. We have the connections and network to locate talents that meet your needs and wishes on all levels. Without the need for you to create an Icelandic subsidiary, your new employee can benefit your business in Iceland in days instead of months.

Needless to say, we ensure your company complies with all regulations and laws, areas to which can incur severe penalties would you fail to adhere. Your chosen candidate is hired through our agencies in Iceland and remains under your day-to-day control.

When expanding your business into Iceland, there are many opportunities to seek and explore. With us as your trusted partner, you can solely focus on these opportunities without worrying about the following:

  • Registering with the Tax Office.
  • Registering with the Social Security.
  • Setting up a bank account.
  • Creating employment contracts.
  • Applying for special expatriation status (if applicable).
  • Calculating monthly salary and producing payslips.
  • Researching available tax-free allowances.
  • Submitting wage tax returns and national insurance forms.
  • Corresponding with involved parties.
  • Annual accounts, administration, and year-end statements.
  • Creating payment schedules for wages tax, national insurance, and net wages.
  • Personal income tax returns.

Our PEO and EOR employment solutions enable you to create and maintain your mobile workforce legally and officially employed in Iceland without establishing a legal entity in-country. No expensive, time-consuming processes with the risk of not complying with foreign laws and regulations, but an efficient, fast, and stress-free alternative to conquer new markets.

You select your candidates, and we do the rest. We provide:

  • Customised solutions for all nationalities moving to work in Iceland.
  • Local specialists providing you with ongoing business support.
  • Extensive EOR expertise ensuring that your employees benefit from any treaties on expatriate tax, double taxation treaties, reclaimable expenses, or social security agreements.
  • Employees can use their accountant and cover the fees to the level our accountant charges.
  • One-to-one contact with our consultants.

Benefits of Using PEO Services in Iceland

For Employers

As an employer, you are usually responsible for all legal aspects regarding your employees’ employment. In a new country, this process will probably take some more effort… well, it does not have to. At Bradford Jacobs, we have extensive experience with Icelandic payroll, taxes, and other local laws and regulations.

That way, you can enjoy the following:

  • Minimal paperwork or red tape. Since you do not need to set up an entity, you can start operating in Iceland within days.

  • On-call service to assist with routine HR concerns such as absence management and processing expense.
  • Liaison with employees to ensure they are up to date with companies’ internal policies and handbooks.

  • A rapid solution to onboarding employees for your international expansion into Iceland.

  • Total control over operating budgets as all costs are detailed at the outset for full transparency.
  • Prompt 24/7 support with disciplinary or grievance issues needing an urgent response.
  • Expert guidance with employment and compliance issues.
  • Reduced accountancy and legal costs.
  • Statutory professional insurance.
Benefits of PEO services for employers

Offering You
Expert Guidance

Benefits of PEO services for employees

Keeping Your
Employees Happy

For Employees

Employees are the main core of your business. They keep the engine running; therefore, it is also important to create a stable agreement that satisfies both employer and employee. As their legal employer, we are responsible for keeping your employees happy with the work agreement. Due to our broad network and experts, we can offer employees great benefits and a reliable, compliant employment contract.

We will make sure they enjoy the following:

  • Worry-free local employment contract compliant with local regulations
  • One-to-one professional HR advice on employment-related issues
  • On-time and 100% accurate salary payment
  • Updates on tax and compliance regulations
  • Great benefits

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