In order to receive a residence permit, you must have sufficient funds to support living in Finland.
As of 1 March 2013, the amount required to guarantee sufficient income level for livelihood has increased. A student must have access to:
- 6,720 euros per year, or
- 560 euros per month.
You can prove your incomes by providing an account statement showing sufficient funds, or a stipend decision from an official source, such as the government or an educational institution. A sponsorship agreement provided by a private individual is not sufficient.
The increased income requirement also applies to students applying to extend their permits.
Please take the increased amounts into consideration when compiling the documents you will attach to your application to show your incomes. More detailed information about the income requirements can be foundhere.
The reason for the change is an increase in the cost of living
The amount of funds required from students is based on the cost of living in Finland. The cost of living has increased, and therefore the required income level for livelihood is now higher.
The income requirement has also been increased for other permit applicants, not just students. You can read more about the increase in our customer bulletinreleased on 19 February.
