Brazil vs Iceland: global expansion insights

Scale Faster, Cut Costs, Hire in Brazil — Opportunities for Icelandic Companies
Discover why Icelandic businesses are eyeing Brazil for their next growth chapter. We compare key economic indicators, business-setup hurdles, labor regulations and innovation climate in both nations. See how Wide Brazil’s EOR and PEO solutions remove complexity so you can capture Latin America’s booming demand.
Economy
Key Economic Metrics That Matter
Iceland enjoys robust income and steady growth. Compare its numbers with Brazil’s expanding market to spot complementary strengths for partnership.


Iceland Economic Snapshot
Country | GDP per capita (PPP, US$) | Real GDP growth 2025 (%) | Inflation 2024 (%) | Unemployment 2023 (%) |
---|---|---|---|---|
Brazil | 10816 | 2.2 | 4.83 | 7.95 |
Iceland | 90111 | 2.4 | 5.1 | 3.56 |

Opening a Company: Speed & Cost Comparison
Icelandic founders value efficiency. See how Brazil stacks up and where Wide Brazil streamlines every step for you.
Launch Requirements in Iceland
Country | Procedures to start a company (number) | Average time to incorporate (days) | Incorporation cost (% of income per capita) | Minority‑investor protection index (0‑10) | Tax payments per year (number) |
---|---|---|---|---|---|
Brazil | 11 | 17 | 4.8 | 6.5 | 9 |
Iceland | 5 | 17 | 0.6 | 6.5 | 10 |
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Today's States
Country | Currency | Price | Volume ( 24h ) | Change |
---|---|---|---|---|
Bitcoin | BTC - USD | $9780 | $368,645,000 | +4.8% |
Ethereum | ETH - USD | $305 | $224,180,000 | -3.2% |
Litecoin | BTC - USD | $80 | $283,573,000 | +2.2% |
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Today's States
Name | Currency | Price | Volume ( 24h ) | Change |
---|---|---|---|---|
Bitcoin | BTC - USD | $9780 | $368,645,000 | +4.8% |
Ethereum | ETH - USD | $305 | $224,180,000 | -3.2% |
Litecoin | BTC - USD | $80 | $283,573,000 | +2.2% |
Name | Brazil | Iceland |
---|---|---|
Max legal working hours (h/week) | BTC - USD | $305 |
Statutory paid annual leave (days) | ETH - USD | $305 |
Min. dismissal notice (days) | BTC - USD | $80 |
Severance pay /year of service (mo.) | BTC - USD | $80 |
Maternity leave (wks, % pay) | BTC - USD | $80 |
Minimum paid vacation days by law | BTC - USD | $80 |
Public paid holidays per year | BTC - USD | $80 |
Sick leave: duration & wage replacement | BTC - USD | $80 |
Sick leave: duration & wage replacement | BTC - USD | $80 |
Parental leave: weeks & pay | BTC - USD | $80 |
Employer social-security contribution rate (% of payroll) | BTC - USD | $80 |
Employment Onboarding
Smooth, compliant onboarding for new Brazilian hires while you focus on strategy.
Read MoreComplete Your Expansion Toolkit
Explore More Ways We Support Icelandic Growth
Our multilingual professionals combine local compliance expertise with global vision to deliver seamless workforce solutions tailored for Iceland-to-Brazil success.
Testimonials



Graça BullaraHR Manager, AverisPartnering with Wide Brazil has been instrumental in launching our operations in Brazil. Their unparalleled services, considered the best in the country, have enabled us to swiftly onboard new staff. The lightning-fast and comprehensive support they provide has ensured a seamless transition, empowering our success in hiring and expanding. A decision we celebrate every day!
Thomás Della TorreGlobal Recruiter, Blue PremiumWorking with Wide Brazil has been a game-changer for our recruitment agency. Their exceptional services, by far the best in Brazil, come at a great price. We're thrilled by their lightning-fast onboarding process and unparalleled support, which have truly elevated our recruitment efforts. A partnership that's redefined our standards!
Confidential ClientGlobal EOR FirmOpting for Wide Brazil proved instrumental in our global EOR endeavors. Their exceptional services streamlined the onboarding of our new workforce in Brazil, while their unwavering support made navigating complex regulations remarkably straightforward. The team’s dedication and expertise transformed our expansion into the Brazilian market into a remarkably hassle-free experience!

Frequently Asked Questions
Below are answers to common questions from Icelandic executives exploring Brazil.
- Corporate taxation
- Hiring timelines
- Remote team management
How long does it take to onboard employees through Wide Brazil?
With pre-approved templates we complete compliant onboarding in as little as 5 business days once documentation is received.
Can Wide Brazil handle payroll in multiple currencies?
Yes. Salaries are calculated in Brazilian Real and remitted in the currency that best fits your treasury strategy.
Do we need a local entity to hire staff?
No. Our Employer of Record service acts as the legal employer, eliminating the need for you to open a subsidiary.
What industries do you serve?
We support technology, renewable energy, finance, life sciences and more—any Icelandic company seeking Brazilian talent.