Finland Chamber of Commerce: Finland is driving away capital and talent – Government must introduce an investor residence permit

Finland’s immigration policy risks driving away both international talent and capital. While neighboring countries attract entrepreneurs and investors with clear permit pathways, Finland is making immigration more complex and uncertain. According to Suvi Pulkkinen, Senior Expert at the Finland Chamber of Commerce, the government should prepare and implement an investor residence permit during this term for those who wish to bring capital, jobs, and growth to Finland. The ongoing Slush event features 3,500 investors who manage assets worth 4 trillion euros.

“The government talks about competitiveness and investments, yet simultaneously shuts the door on those who wish to invest in Finland. In other words, we fail to recognize that investment is also a way to build the country. This attitude must change”, Pulkkinen emphasizes.

Many countries, such as Sweden, Portugal, and Estonia, have residence permit models designed for investors. These allow immigration based on significant investment or the establishment of business operations. Finland lacks such a pathway. Individual investor applications are handled on a case-by-case basis, without clear rules or timeframes.

An investor residence permit could be granted to individuals who make a significant investment in Finland for example into a business, a fund, or a growth company – and can demonstrate the legal origin of their funds. The permit would also cover family members and be issued for a period of 2–4 years at a time.

“This is not a so-called ‘golden visa’ program, but a controlled way to attract new investments, expertise, and tax revenue to Finland. It would be fully aligned with the government’s own economic objectives so the political will should be found for this”, Pulkkinen says.

Currently, Finland is losing international entrepreneurs and funds to countries where the authorities’ approach is predictable and welcoming. This undermines Finland’s attractiveness and reputation as a reliable investment destination.

“A business-friendly Finland cannot simultaneously have a hostile immigration policy. We need foreign capital, talents, and international networks. If the government truly wants to strengthen growth, it’s time to open the doors – not to close them”, Pulkkinen concludes.

Text: Suvi Pulkkinen

Picture: Liisa Takala