Posted on December 23 2024
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The primary reason to introduce the income criteria is for foreign nationals to support themselves financially. This new rule will ensure they are paid enough to support themselves financially in the country. This new rule also supports the government's objective of increasing the number of full-time workers in Finland. The new rule is effective from January 1, 2025. According to a recent report by the Ministry of Economic Affairs and Economics, the income limit of €1,600 has a minor impact on labor availability nationally.
The income threshold will mainly affect skilled workers, including workers in other sectors such as agriculture, forestry, fisheries, and administration and support services.
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To obtain a Finland Residency permit, there are different income requirements, which can vary from €1,030 to €3,638. Specialists must earn at least €3,638 to obtain a residency permit, whereas Seasonal workers must earn at least €1399.
The Finnish authority has also mentioned that the income threshold can vary depending on the location. Specific categories are excluded from the income requirements, such as those granted residency permits based on compassionate grounds in addition to asylum seekers, family members of Finnish citizens or former Finnish citizens, and quota refugees.
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