Finnish authorities announced increased salary threshold requirements for certain applications, effective Nov. 1.

Key Points:

• The new income thresholds will enter into force on Nov. 1 and will apply to applications submitted on or after that date.
• Residence permits can only be issued if an applicant has sufficient financial resources that meet the net earnings required level, which is determined by the Finnish Immigration Service.
• The new income thresholds will specifically apply to the following work-based residence permit applications:
  • Residence permit for persons with a degree or qualification completed in Finland
  • Residence permit on the basis of research completed in Finland
  • Residence permit for startup entrepreneurs
  • Residence permit for self-funded researchers

Additional Information: Regional differences are factored into decision-making regarding the income threshold required. The new income thresholds will be updated every year in the form of index increases. The income thresholds for permits for students, au pairs and working holiday will also increase Nov. 1.

BAL Analysis: Finnish authorities have increased the salary threshold requirements to ensure applicants have sufficient financial resources or secure means of support to live and work in Finland. Employers should be aware of and consider the increased thresholds in their business planning for calendar year 2025.