Finland’s minimum income limit for a residence permit for an employed person increased as of January 1, 2025 because of amendments to legislation.
Key Details
- A foreign employee who arrives in Finland with a residence permit for an employed person will have to earn at least 1600 euros per month for their work in Finland. The purpose of the amendments is to ensure that employees who move to Finland for work are paid a salary that is sufficient to cover their living costs.
- Previously, a residence permit for an employed person can be issued if the applicant’s salary complies with the applicable collective agreement or meets the minimum income requirement of 1399 euros per month.
- When the amendments have entered into force, international employees who are working in Finland with a residence permit for an employed person must still have a salary that complies with the applicable collective agreement, but 1600 euros will be the minimum salary level that is required.
- The employer may pay up to 50% of the salary as fringe benefits, such as by offering a company car or an accommodation benefit.
The new minimum income limit concerns all applications for a first-time residence permit for an employed person as of 1 January 2025 and extended permits as of 1 April 2025.
Under the Aliens Act, a person who applies for a residence permit is considered to have sufficient financial resources if he or she cannot be expected to become dependent on social assistance.
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