Are you dreaming of calling the beautiful Nordic country of Finland home? If so, you’ll need to meet certain requirements, including a sufficient income. Finland has recently increased its income thresholds for residence permit applicants, effective November 1, 2024.
The New Income Requirements
- Single Adults: €14,520 annual income (up from €12,000)
- Students: €800 monthly income (up from €560)
- Au Pairs: €340 monthly income (up from €280)
- Working Holiday Applicants: €2,450 for the first three months (up from €2,000)
Note: These changes only apply to new applicants. Existing permit holders are unaffected unless stated otherwise.
Why the Increase?
Finland aims to ensure that all residence permit applicants have adequate financial resources to support themselves during their stay. The new thresholds reflect the current cost of living in the country.
Tips for Applying
- Plan Ahead: Start your application well in advance to ensure you have enough time to gather all the necessary documents.
- Demonstrate Financial Stability: Provide strong proof of income, such as payslips, bank statements, or tax returns.
- Understand the Requirements: Familiarize yourself with the specific requirements for your desired type of residence permit. Travel Expore WhatsApp has a wealth of information to help you navigate the process.
- Seek Professional Help (if needed): If you’re unsure about any aspect of the application, consider consulting with an immigration lawyer or advisor. Their expertise can save you time and frustration.
By following these guidelines and meeting the new income thresholds, you’ll be well on your way to securing a residence permit in Finland.