Means of Support

A foreigner must prove that his means of support is sufficient for the proposed period of stay in the Schengen zone. Minimum amount is ISK 20,000, or ISK 4,000 per day during the period applied for. This amount is reduced to ISK 2,000 per day, if the foreigner is guaranteed free secure accommodation, e.g. in a private home.  Proof of support must be provided in a currency recognized by the Central Bank of Iceland.

Please note that a host can not guarantee the support of a foreigner, except in cases of minor children or spouses of the host.