Only foreigners who make at least €1,600 a month will be able to apply for residence permits through employment, according to a decision made by the Finnish government. The salary barrier, which would mostly impact skilled workers from third countries, will go into effect on January 1, 2025.
The Finnish Ministry for Economic Affairs and Employment stated in a press release that the income cap only applies to primary employment and excludes other sources of income.
The purpose of the income threshold is to guarantee that foreigners in Finland can sustain themselves financially.
As the Ministry noted, the goal of this action is to guarantee that those who come to work in Finland are paid enough to sustain themselves.
The government’s goal of boosting Finland’s full-time workforce is also supported by the plan. A Ministry of Economic Affairs and Employment research claims that the €1,600 income cap has no effect on the country’s labor supply.
Skilled workers, including those in other industries like forestry, fishery, agriculture, and administrative and support services, will be the primary targets of the income threshold.
Certain Positions Have Higher Income Thresholds
The income limits for obtaining residence permits in Finland range from €1,030 to €3,638.
Specialty workers need to make at least €3,638 per year in order to be granted a residency permit in the nation. In contrast, seasonal workers are required to receive €1,399 per month.
Furthermore, the authorities have noted that income requirements differ by region, with residents of Helsinki having greater income requirements than residents of other, less populated towns.
The income threshold excludes some groups, including family members of current or former Finnish citizens, asylum seekers, quota refugees, and anyone who were granted a residence visa on compassionate grounds.
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