Finland raises minimum salary requirement for work-based residence permits
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Starting 1 January 2025, Finland will implement a higher minimum income threshold for residence permits for employed persons. Under new legislation, foreign employees applying for this permit must earn at least €1,600 per month to qualify. This increase aims to ensure that salaries are sufficient to cover living expenses and aligns with the Finnish Government’s objective of promoting full-time employment.
Currently, applicants are eligible for a residence permit if their salary complies with a relevant collective agreement or meets the existing minimum threshold of €1,399 per month. With the legislative change, the collective agreement requirement remains, but the salary cannot fall below the new €1,600 limit. If an applicant’s salary does not meet this requirement, the residence permit will not be granted.
The amendment is based on the Aliens Act, which mandates that residence permit applicants must have adequate financial re
Source: www.helsinkitimes.fi