Key Points
- Finland will require employers and employees to meet new income threshold requirements for residence permits beginning November 1, 2024
Overview
The government of Finland will introduce new income thresholds for residence permit applicants beginning November 1, 2024. The new income threshold will apply to all family member permits, student worker permits, and select work permit categories. These include:
- Residence permits for persons who have completed a degree or qualification in Finland or conducted research in Finland
- Residence permits issued for a student or researcher to look for work or to start a business
- Residence permits for startup entrepreneurs
- Residence permits for a researcher when funding is involved
For a complete list of the income requirement increases, check here.
The new income thresholds set by the Finnish government reflect a commitment to ensuring that foreign nationals can support themselves and their families while residing in Finland. By applying these updated thresholds to a broad range of permit categories, including family member permits, student worker permits, and specific work permits, Finland aims to maintain a balanced immigration system that aligns with the country’s economic conditions. This move particularly impacts those who have completed their studies or research in Finland and those looking to establish a business, such as startup entrepreneurs and researchers. Applicants and employers are encouraged to review the updated income requirements to ensure compliance and smooth processing of residence permit applications. Staying informed about these changes is crucial for those planning to live and work in Finland under the affected permit categories.
Looking Ahead
Continue to check Finland’s government website for the latest updates and information.
Written by: Jessie Butchley, Global Immigration Writer, Envoy Global
Source: Finnish Immigration Service
