Ditch the spreadsheets. Keep your earnings.
A simple monthly plan for freelancers in Iceland. We handle invoicing, tax filings, insurance and payouts — so you can focus on work.
Why freelancers look for an accountant
- Invoicing rules, VAT, and pension contributions can be confusing.
- Traditional bookkeeping means recurring manual work and back-and-forth.
- Costs vary and are hard to predict.
What changes with FreelancePay
- Only 4.49% per invoice. Capped MAX 16,900 ISK + VAT / month.
- Automated filings: tax, VAT (where applicable), pension contributions.
- Invoicing to payout: we send, collect and pay out.
- No company required: invoice as a freelancer or contractor (verktaki).
| Feature | Accountant | FreelancePay |
|---|---|---|
| Cost | Varies | 4.49% per invoice — capped at 16,900 ISK + VAT / month |
| Manual work | High | Minimal |
| VAT & taxes | Manual/partial | Automated |
| Setup time | Days/weeks | Minutes |
| Payouts | Bank rules | In-product payouts |
When an accountant still makes sense
- Complex company structures
- Multiple revenue streams across countries
- Historical bookkeeping clean-ups
Most freelancers don’t need that. If your work is invoicing clients in Iceland, FreelancePay is designed for you.
Frequently Asked Questions
No — you can invoice as a freelancer or contractor.
We calculate and file automatically based on your invoices.
If VAT applies to your work, we handle it.
4.49% per invoice — MAX 16,900 ISK + VAT / month.