Iceland Country Report
Iceland welcomes foreign investment, but with restrictions in some sectors, including the fishing industry. The country has an abundance of cheap and green geothermal energy. The workforce is flexible, skilled, productive, and heavily unionised; collective wage agreements are a norm. Unions are generally non-political and decentralised; however, the current leadership sees unions as a tool for grand social change and is more willing to strike. This was demonstrated in early 2020 and during the coronavirus disease 2019 (COVID-19) virus pandemic. Since October 2019, Iceland has been on the Financial Action Task Force (FATF) grey list for insufficient anti-money-laundering legislation. Transactions to Iceland are likely to be deeply scrutinised.
Terrorism risks are negligible and are likely to remain so. There are few high-profile targets aside from a NATO radar station, and no known non-state armed groups operate in the country. However, Iceland has had some politically motivated attacks or attempts of attacks in the past. In 2012, a man detonated an IED outside the office of then-prime minister Jóhanna Sigurdardóttir in a disagreement over her policies; he has not been charged. According to the National Police Commission report, the Hells Angels motorcycle club has made threats against the minister of interior as part of the organisation's pushback against regulatory reforms concerning the fight against organised crime.
Crime rates in Iceland are very low by international standards. During the coronavirus disease 2019 (COVID-19) virus pandemic, crime has declined. Violent crime is rare, despite a high rate of gun ownership. Organised crime is relatively minor. Petty crime is mostly concentrated in the capital, Reykjavík. The investigation and prosecution of financial crime has expanded exponentially since the 2008–09 financial and banking collapse, when a special prosecutor's office was established, the remit and resources of which have since been expanded. However, since October 2019, Iceland has been on the Financial Action Task Force (FATF) grey list owing to inadequate anti-money laundering and counter-terrorism financing measures.
Iceland faces negligible risks of interstate or civil war, although the country occupies a key geostrategic location in the event of potential future global tensions. Despite being a NATO member, Iceland has no standing army, although it maintains a coast guard and air defences. NATO countries operate a periodic, rotating deployment of fighter aircraft to patrol Iceland’s airspace. Iceland disputes the ownership of Rockall Island and its surrounding oil reserves with the United Kingdom, Ireland, and Denmark. However, any disputes are likely to be resolved at the diplomatic level and remain extremely unlikely to lead to a military conflict.
Vaccinations required to enter the country
No vaccinations are required to enter the country.
Hepatitis B: A vaccine is available for children at least two months old.
Diphtheria-Tetanus-Polio: A booster shot should be administered if necessary (once every ten years).
For Children: All standard childhood immunizations should be up-to-date. In the case of a long stay, the BCG vaccine is recommended for children over one month and the MMR (measles-mumps-rubella) vaccine for children over nine months.
Temperatures in the summer are mild and during this time (late may-mid-August), the sun sets very late in the day. At the end of June, the sun sets around midnight and rises at 3:00 am. The Aurora Borealis can be seen beginning in the end of August. In the winter, nights are very long and temperatures cool. November, December, and January are the darkest months of the year. Rain is common throughout the year and weather conditions can change several times within the same day.
Voltage: 220 V ~ 50 Hz