What are unemployment benefits?

Unemployment benefits are a statutory right enacted by the Faroese Parliament.

ALS is financed by employers and employees in the Faroes. This means that as a recipient of A-income (income taxed at source), you help contribute to the financing of ALS.

ALS provides benefits through a variety of systems stipulated in laws and regulations. The same fundamentals apply across all these systems, but certain differences are found in each system.

The systems are:

  • Regular unemployment benefits
  • The fish factory system
  • Self-employed businesspeople
  • Voluntary unemployment benefits
  • Fishermen – out of work due to repairs to fishing vessel.
  • ALS leave