Applicants must demonstrate that they have secure means of support for the period they wish to reside in Iceland.
Secure means of support for missionaries means either:
that the religious organization you will be working with will support you financially, or
that you are able to support yourself during your stay without relying on salaried employment.
The Directorate of Immigration may obtain tax returns and documents from tax authorities in confirmation of this.
Amount
The minimum amount required as secure means of support is:
247.572 ISK for individuals per month.
396.115 ISK for married couples per month.
123.786 ISK additionally for family members 18 years of age or older.
The amount corresponds to the basic amount of financial assistance from the City of Reykjavík, see rules on financial assistance (in Icelandic). The amounts are based on income before taxation.
Duration
A foreigner’s means of support must be secure for as long as the residence permit is valid. This means that if a residence permit is issued for one year, secure means of support for one year must be demonstrated.
The following is not considered secure means of support
Payments in the form of social assistance, by the state or municipality (other than housing compensation (húsnæðisbætur)). If an applicant has received such compensation and is unable to demonstrate satisfactory support through other means, a residence permit will be rejected.
Alimony payments and child allowance, since their purpose is to support a child.
Support by a third party, in other instances than stated above.
Assets other than bank-account balances (for example real estate) and dividend from companies, interest or other payments that cannot be reliably expected to be available for payment.
Cash is not considered as satisfactory confirmation of support.
