It opened with a double bill of plays by Kjartan Ragnarsson, based on works by Halldór Laxness.

The main stage seats 547 people, a black box theatre holds 220, a theatre-in-the-round 198, and a café-theatre has room for 120 at full capacity.

All elements of productions take place within the theatre itself, which has its own lighting, costume, make-up, and sound departments, set and props workshops, as well as a technical stage crew.

The RCT stages nine to thirteen new productions annually, in addition to hosting a variety of collaborations with other theatre companies.

The RCT has collaborated with international companies such as the Barbican Centre in London and Het Muziek Theater in Amsterdam.