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Highlights: Finland introduces new income requirements for Residence permit applicants

  • Finland announced new income requirements for residence permit applicants.
  • The new income changes have come into effect starting November 1, 2024.
  • The income requirements will vary based on the location of the applicant and the type of residence permit.
  • Refugees and asylum workers are not included in the latest income thresholds.

 

*Want to migrate abroad? Sign up with Y-Axis to help you with the procedure.

 

How much must you get paid to acquire a Finnish Residence Permit?

The Finnish government introduced new income thresholds for applicants to acquire residence permits. However, the income requirements will differ based on the type of residence permit, such as study permits, international protection, employment-related, family reunification, etc. The income threshold will also vary based on the location of the applicant’s residence and the type of job position.

 

The table below has a few examples of some of the job positions and the minimum income threshold required:  

Job position/role

Minimum salary required (per month)

Specialists looking for a work permit

€ 3,638

Seasonal workers

€ 1,399

Startup entrepreneur

€1,210 and €1,030

 

*Looking to work in Finland? Let Y-Axis assist you with the process.

 

List of categories that are excluded from the latest income threshold

The Finnish Immigration Services is offering applicants the option to request to be excluded from the latest income requirements. They can do so by submitting documents as proof that their situation is extraordinary.

 

Here are some of the categories that do not require sufficient proof of funds while living in Finland:

 

  • Quota refugees
  • Asylum seekers
  • Individuals with a residence permit that is issued based on compassionate grounds  
  • Family members (including relatives) of the Finnish citizen
  • Family members of previous Finnish citizens or those who have previously been citizens themselves
  • Family members of the descendants of the last Finnish citizens

 

*Are you looking for step-by-step assistance to migrate to Finland?  Contact Y-Axis, the world’s No. 1 overseas immigration consultancy!

 

For recent immigration updates on Europe, check out the Y-Axis Immigration News Page! 

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Finland residence permit, Overseas immigration, Finnish residence permit, Finland residence permit, overseas immigration, migrate abroad, Income threshold for Finland residence permit, Finland immigration, migrate to Finland, work in Finland
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Finland has implemented new income requirements from November 1, 2024, that make applicants eligible for Finnish residence permit rules.
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Finland introduces new residence permit rules starting Nov 1, 2024
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