COVID-19: Residence permit income requirement updated

IMPACT – HIGH

The Finnish Immigration Service has announced that it will consider granting residence permit extensions to those who do not meet the minimum income level, depending on the circumstances. The exception to the income requirement is not automatic for all residence permit extensions submitted this year; each case is considered individually.

Key Points:

• The lower income must be due to the coronavirus pandemic.
• In general, some proof of the exceptional circumstances from the employer is required.
• The decrease in income is considered temporary if it lasts for no more than six months.
• The exception will be in force until Dec. 31.
• If an exception to the income requirement is made, an extended permit is granted only for one year.

Background: Most residence permits have an income requirement, which means that residents must have sufficient funds to live in Finland throughout the entire period of the residence permit’s validity.

Additional information: The response to the COVID-19 pandemic continues to develop, and Deloitte will provide additional updates as information becomes available. Please check Deloitte’s COVID-19 Digital Map, available here, for information on travel restrictions and immigration changes in other countries.

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