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

Insights

Gain Clarity

Talk With Brazil Market Specialists Today

FEATURES

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Always have a look

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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Always have a look

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.

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Managed Payroll

Accurate, on-time payroll processing aligned with Brazilian tax rules.

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Regulatory Compliance

Stay ahead of ever-changing labor legislation and reporting demands.

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Outsourcing

Delegate HR and admin tasks to boost efficiency and lower overhead.

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Complete 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

Quote
Quote
Rating

Partnering 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!

Graça BullaraHR Manager, Averis

Working 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!

Thomás Della TorreGlobal Recruiter, Blue Premium

Opting 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!

Confidential ClientGlobal EOR Firm

Frequently Asked Questions

Need clarity before expanding?

Below are answers to common questions from Icelandic executives exploring Brazil.

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.

Yes. Salaries are calculated in Brazilian Real and remitted in the currency that best fits your treasury strategy.

No. Our Employer of Record service acts as the legal employer, eliminating the need for you to open a subsidiary.

We support technology, renewable energy, finance, life sciences and more—any Icelandic company seeking Brazilian talent.