The labour force in the Faroe Islands comprises 27.010 individuals. With a total activity rate of approximately 81,8 percent, the employment level (the percentage of working age people in work) is among the highest in Europe (Statistics Faroe Islands, 2010).
In many areas, the Faroese labour market model resembles that of the other Nordic countries with for example high standards of living, well-established welfare schemes, independent labour unions and a direct dialogue between the parties in the labour market and the authorities.
In general, the labour market is characterised by a high level of autonomy in the cooperation between employers’ associations, trade associations and labour unions, where the conditions of employment are negotiated between the employers’ associations and the respective unions.
The excellent education and skills base of the Faroese workforce, as well as its mobility and international outlook adds to the attractiveness of the people resources in the Faroes.
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If you have some inquiries concerning immigration to the Faroe Islands, you are more than welcome to contact the Faroese Immigration Office during working hours.
You are welcome to contact us at the Company Advisory and Investment Centre if you have any further inquiries.