Q: I am a 62yo American getting a lump sum settlement from disability I am looking to invest where I can live off interest some of the interest. I would be willing to become an expat to accomplish this. I doubt any interest disbursements would prove to be a major taxable development under US tax laws. Would they be taxable in Iceland?
Thank you for your assist. JLee
Q: 1. Can nonresident hold bank deposit bank account in Iceland ?
2. Is there a tax on interested earned on deposit accounts in Iceland ?
3. Are there any specific conditions applied to a nonresident account in Iceland ?