Moving to Finland by making investment?

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rebvar
Posts: 23
Joined: Fri Jul 17, 2015 3:32 pm
Location: Oulu, Finland

Moving to Finland by making investment?

Post by rebvar » Thu Jan 28, 2016 11:36 pm

Hello,

A friend of mine intends to move to one of the europian countries by making some investments! Is this kind of permits available for Finland? Is this situation similar to self-employment?

Bests,
Rebvar


Rebvar Hosseini
PhD Student of Computer Software Engineering
Department of Information Processing Science
University of Oulu, Oulu, Finland.

Moving to Finland by making investment?

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leisl
Posts: 422
Joined: Mon Nov 23, 2015 3:26 pm

Re: Moving to Finland by making investment?

Post by leisl » Fri Jan 29, 2016 1:02 am

If you want to know if you can move here just because you own property, the answer is no.

To get a residence permit based on self-employment you generally need to demonstrate a solid, unshakeable business plan or show a company that's already making solid income and which could continue after you move. I suppose in theory you could buy an existing business. Here is the link. You must satisfy everything required, if one thing is lacking your application will be denied (because Migri will be looking for reasons to deny you, not reasons to accept you). Follow the yellow brick road: http://www.migri.fi/working_in_finland/ ... yed_person

Otherwise try Malta. I heard they'll accept anyone who can spend half a mill on property.


rebvar
Posts: 23
Joined: Fri Jul 17, 2015 3:32 pm
Location: Oulu, Finland

Re: Moving to Finland by making investment?

Post by rebvar » Fri Jan 29, 2016 1:54 am

Thanks. This was exactly what I was looking for. I heard of some kind of situations like what I mentioned for USA. I was wondering if the same thing applies to Finland as well (apparently not). I moved to Finland about one year ago as a Researcher and since It's a perfect country (based on my criteria), I wanted to suggest it to my Friend (apparently I can't). Thanks again.
leisl wrote:If you want to know if you can move here just because you own property, the answer is no.

To get a residence permit based on self-employment you generally need to demonstrate a solid, unshakeable business plan or show a company that's already making solid income and which could continue after you move. I suppose in theory you could buy an existing business. Here is the link. You must satisfy everything required, if one thing is lacking your application will be denied (because Migri will be looking for reasons to deny you, not reasons to accept you). Follow the yellow brick road: http://www.migri.fi/working_in_finland/ ... yed_person

Otherwise try Malta. I heard they'll accept anyone who can spend half a mill on property.
Rebvar Hosseini
PhD Student of Computer Software Engineering
Department of Information Processing Science
University of Oulu, Oulu, Finland.


leisl
Posts: 422
Joined: Mon Nov 23, 2015 3:26 pm

Re: Moving to Finland by making investment?

Post by leisl » Fri Jan 29, 2016 2:12 am

rebvar wrote:It's a perfect country (based on my criteria)
Actually a very nice thing to hear.

Your friend could enrol in an English-language degree programme - this would most likely get him/her a permit based on study providing they can show enough savings to support themselves for the first year - then perhaps start up a business which could lead to enough income for self-employment residency? They would have you in their network. This is a plus for anyone coming to Finland, even if only for social reasons.


betelgeuse
Posts: 2755
Joined: Thu Aug 29, 2013 1:24 am

Re: Moving to Finland by making investment?

Post by betelgeuse » Fri Jan 29, 2016 11:41 am

leisl wrote: To get a residence permit based on self-employment you generally need to demonstrate a solid, unshakeable business plan or show a company that's already making solid income and which could continue after you move. I suppose in theory you could buy an existing business. Here is the link. You must satisfy everything required, if one thing is lacking your application will be denied (because Migri will be looking for reasons to deny you, not reasons to accept you). Follow the yellow brick road: http://www.migri.fi/working_in_finland/ ... yed_person
Worth noting from the link:

"If you own shares of a public limited company (osakeyhtiö) and you work in this company, you will need a residence permit for an employed person."

They will not be looking at business plans when you go the osakeyhtiö route. Just pay yourself enough to be granted a specialist permit (this will require a university degree). I don't know how deeply Migri evaluates the employers financials. I would take a guess that not that much.
rebvar wrote: A friend of mine intends to move to one of the europian countries by making some investments! Is this kind of permits available for Finland? Is this situation similar to self-employment?
As you can see above it's possible to use money to get yourself in. However, as noted already there are simpler schemes in other EU countries and if the friend is open to studying that doesn't require the bureaucracy of the osakeyhtiö route.


rebvar
Posts: 23
Joined: Fri Jul 17, 2015 3:32 pm
Location: Oulu, Finland

Re: Moving to Finland by making investment?

Post by rebvar » Fri Jan 29, 2016 11:45 am

Thank you both for your great answers. Studying seems like a rational idea for the time being. Thanks Again.
leisl wrote:
rebvar wrote:It's a perfect country (based on my criteria)
Actually a very nice thing to hear.

Your friend could enrol in an English-language degree programme - this would most likely get him/her a permit based on study providing they can show enough savings to support themselves for the first year - then perhaps start up a business which could lead to enough income for self-employment residency? They would have you in their network. This is a plus for anyone coming to Finland, even if only for social reasons.

betelgeuse wrote:
leisl wrote: To get a residence permit based on self-employment you generally need to demonstrate a solid, unshakeable business plan or show a company that's already making solid income and which could continue after you move. I suppose in theory you could buy an existing business. Here is the link. You must satisfy everything required, if one thing is lacking your application will be denied (because Migri will be looking for reasons to deny you, not reasons to accept you). Follow the yellow brick road: http://www.migri.fi/working_in_finland/ ... yed_person
Worth noting from the link:

"If you own shares of a public limited company (osakeyhtiö) and you work in this company, you will need a residence permit for an employed person."

They will not be looking at business plans when you go the osakeyhtiö route. Just pay yourself enough to be granted a specialist permit (this will require a university degree). I don't know how deeply Migri evaluates the employers financials. I would take a guess that not that much.
rebvar wrote: A friend of mine intends to move to one of the europian countries by making some investments! Is this kind of permits available for Finland? Is this situation similar to self-employment?
As you can see above it's possible to use money to get yourself in. However, as noted already there are simpler schemes in other EU countries and if the friend is open to studying that doesn't require the bureaucracy of the osakeyhtiö route.
Rebvar Hosseini
PhD Student of Computer Software Engineering
Department of Information Processing Science
University of Oulu, Oulu, Finland.


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