Finland Investment Visa - 2024 Guide for Foreign Investors
Finland Investment Visa
Updated on Thursday 01st February 2024 Rate this article
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Finland is one of the most appealing countries when it comes to investment. Foreign entrepreneurs interested in moving here can access Finland’s investor visa program that enables them to live and have their own companies here.
In order to qualify for Finland’s investment visa, an entrepreneur must become self-employed here and set up a business or enter a partnership. Our Finnish lawyers invite you to discover the rest of the requirements below. We offer support to investors seeking to move here.
| Quick Facts | |
|---|---|
| Nationalities accepted (EU/Non-EU) | EU and non-EU nationals can apply for Finland's investment visa |
| Business investment option (YES/NO) | YES, minimum investment is set at EUR 350,000 |
| Real estate investment option (YES/NO) | NO, it is not possible to obtain an investment visa through real estate acquisitions |
| Age requirements (if any) | YES, Finland's investment visa addresses to persons aged 21 to 60 |
| Living requirement in Finland (YES/NO) | YES, the entrepreneur must live in Finland |
| Residence or direct citizenship option | Residency, followed by Finnish citizenship |
| Experience in running a business (YES/NO) | Yes, the applicant must have at least 3 years of experience in running a business |
| Direct immigration with family members (YES/NO) | Family members must apply for separate residence permits |
| Residence visa/citizenship processing time (approx.) | It takes 8 to 12 months to obtain an investment visa in Finland |
| Additional financial requirements for family members (YES/NO) | NO |
| Timeframe for obtaining citizenship/residency by investment | After 4 years of permanent residence |
| Dual citizenship permitted (YES/NO) | YES, dual citizenship is allowed in Finland |
| Reasons to choose Finland | Quick application procedure, access to multiple types of visas under the investment scheme, possiblity to acquire a Finnish passport after 4 years of living here |
| Personal income tax rate | Personal income tax ranges between 6% and 31.25% |
| Visa free travel to other countries (approx. number of countries) | Approx. 190 countries |
Finland’s immigration by investment program
If you are intrested in immigration to Finland through the investment visa in 2024, you need to meet various requirements. Among these:
- you must meet the age requirements;
- you must also have sufficient money to invest in a business;
- you need to have a clean criminal record;
- your education level must also be a good one.
In exchange for starting a business in Finland, you will obtain plenty of benefits, among which access to one of the most prolific markets in Northern Europe.
Our immigration lawyers in Finland are at your disposal with tailored services if you plan on moving here as an investor. Finland grants both long-term (permit A) and short-term resident permits (permit B). A temporary residence permit can often only be extended for one year at a time, but a continuous residence permit can be extended for up to four years continuously. These permits are issued in accordance with your reason to immigrate to Finland.
We are also at your service with support in other immigration cases. One of the most requested refers to gaining Finnish citizenship through investment. However, there is no speedy procedure to obtain this status, however, an investor visa is available for entrepreneurs interested in permanent relocation here.
Requirements to relocate based on Finland’s investment visa in 2024
More than 1,000 investors move to Finland every year, and if you want to be among them, here is what you need to know:
- you must be aged 21 to 60 in order to qualify for Finland’s investor visa;
- the minimum amount to be invested is set at EUR 350,000;
- you must also have at least 3 years of experience in your field of expertise or in running a business;
- you must have at least a bachelor’s degree to qualify for the program.
The main advantage of immigration to Finland by investment scheme in 2024 is that it is open for entrepreneurs, self-employed persons, and freelancers interested in relocating here. You can also move to Finland with your family.
If you decide to apply for a Finnish investor visa, our law firm can guide you through the entire procedure. A residence permit is necessary if you want to relocate to Finland from a non-EU country. The reason for granting the permission may be employment, entrepreneurship, education, ties to one's family, or international protection. Our law office offers assistance with obtaining residency in Finland, as well as information on residence permit renewal.
Businesses qualifying for the investor visa
One of the main advantages of Finland’s investment visa is that there are no specific requirements in terms of activities to be completed, however, there are other criteria to meet. For example, the business you will start must be a profitable one. For this purpose, you must draft a business plan that will be assessed by the Center for Economic Development, Transport and the Environment.
You can also rely on the support of our law firm in Finland to register a company here. We can assist with the incorporation with the Trade Register.
How to apply for an investor visa in Finland in 2024
The procedure to enter Finland’s immigration by investment program for 2024, you must first submit an application with the Immigration Service. You can start the business registration procedure before applying for the residence permit. It usually takes around 2 weeks to incorporate a company, thus you can relocate to Finland quite quickly.
If you want to start the registration procedure, you can give a power of attorney to one of our immigration lawyers in Finland and simply your immigration process, including that of citizenship. By declaration, any of the following can obtain citizenship in Finland: a former citizen of this country, a Nordic national, a child born outside of Finland to a Finnish national. These are just a few of the cases which successful applications have been registered. However, each case is different and requires the attention of a specialist.
How long does it take to obtain residency in Finland through the investment visa?
There is no fast-track procedure to obtain permanent residency or citizenship by investment in Finland. The timeframes to obtain them are one year for becoming a permanent resident, and 4 years to become a Finnish citizen. You can also move here with your spouse/civil partner and minor children.
Benefits of becoming a Finnish citizen
Finland provides free healthcare to all of its citizens. In Finland, there are two types of healthcare systems: public and private, with public healthcare being free. Finland is one of the most costly places to live and travel in Europe. Without factoring in rent, a single person would spend about €900 per month on basics. Finland is consistently placed in the top 3 countries in the world for living quality in terms of education, healthcare, work-life balance, environmental quality, social connections, safety, and overall happiness.
Population of Finland
The preliminary data from Statistics Finland indicates that as of the end of December 2023, the population of Finland was 5,604,558.Also:
- Finland's population increased by 40,588 throughout the course of 2023;
- since immigration outpaced emigration by 58,496 people, migration gain from overseas was the cause of the population rise;
- the birth rate was 17,786 less than the death rate;
- there were also 2,113 fewer fatalities than the previous year.
- in 2023, there were 21,920 more immigrants this year than the year before.
- the male population was 2,773,845 (49.1%);
- last year there were 2,876,389 women or 50.9% of the entire Finnish population.
If you are interested in Finland’s investment visa in 2024, you can rely on our lawyers for support in drafting and filing your paperwork. Contact us now if you want to live in one of the best rated countries in the world in terms of living conditions.