5 countries that offer work visas with proof of funds starting as low as GBP1270

Highlights: 5 countries offering work visas with proof of funds starting as low as GBP1270

• Work visa pathways for acquiring permanent residency require a minimum amount of proof of funds.
• Germany, Finland, New Zealand, Canada, the UK, and Cyprus are some of the countries that offer minimum proof of funds requirements.
• The minimum proof of funds required for a German work visa is EUR 5682.
• Under The 'Work in Finland' and 'Talent Boost' programs, researchers and innovators can migrate with a minimum balance of EUR 2000.

 

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Top 5 countries offering work visas with minimum proof of funds requirement

Work visa routes offer excellent immigration pathways for immigrants willing to work and settle abroad. Many countries provide work visas with a very less requirement of funds. Applicants must ensure financial stability to be eligible for immigration.

 

The top 5 countries that have a minimum requirement of funds for work visas are:

 

• Germany
• Finland
• New Zealand
• Canada
• The UK

 

Germany

Germany offers around 21 immigration pathways for applicants willing to study, work, or live in the country. There are huge vacancies in sectors like agriculture, transportation, and construction. The process of obtaining an EU Blue Card in Germany has been eased, allowing skilled immigrants to get employment with a low salary requirement.

 

EU Blue Card holders get easy access to obtaining permanent residency in Germany. The holders can apply for permanent residency after 21 months of legal residence in Germany. Applicants must have a minimum bank balance of EUR 5,682 to apply for an EU Blue Card from Germany.

 

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Finland

Annual work-based immigration is to increase to 30,000 individuals in Finland. The country is inviting foreign professionals to fill up job vacancies across sectors. The 'Work in Finland' and 'Talent Boost' program allows skilled innovators and researchers to work and settle in the country.

 

Some of the in-demand sectors looking for skilled professionals in Finland include:

 

• Healthcare
• Social work
• Construction
• Day-care teaching
• Personal care

 

Applicants willing to work and migrate to Finland with a permanent resident status must demonstrate proof of enough funds to support themselves in the country. The minimum funds requirement to apply for Finland residence permit is EUR 2000.

 

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New Zealand

The Green List in New Zealand has been expanded to include a broad range of job roles. The country offer Green List visas to look for specialised talent which is not available in the local workforce of the country. 

 

The top in-demand industries looking for skilled professionals in New Zealand include:

 

• Construction
• Automotive
• Engineering
• Information Technology

 

A new visa has also been introduced in New Zealand, offering permanent residency to eligible care workers. With this visa they can live study or work in New Zealand with their partner and dependent children below 24 years.

 

New Zealand Work Visa applicants must have a minimum bank balance of NZD 4,200 while applying. Documents that qualify as proof of funds include credit card statements, bank statements, bank drafts, or traveler's cheques.

 

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Canada

The Saskatchewan Immigrant Nominee Program (SINP) has expanded its immigration program to invite candidates from 279 additional occupations. This includes professionals from various field like retails sales, equipment operators, truck drivers.

 

The following sectors in Canada are to hire around 30% of foreign workers in low-wage positions:

 

• Food Manufacturing
• Wood Product Manufacturing
• Accommodation and Food services
• Furniture and Related Product Manufacturing
• Hospitals
• Nursing and Residential Care Facilities

 

Candidates applying for a Canada work permit must meet the requirement of settlement funds. The requirement of funds depends on the number of family members the applicant has.

 

The requirement of settlement funds for Canada is detailed in the table below:

No. of family members	Updated Required Amount	Previous Required Amount
1	CAD 14,690	CAD 13,757
2	CAD 18,288	CAD 17,127
3	CAD 22,483	CAD 21,055
4	CAD 27,297	CAD 25,564
5	CAD 30,690	CAD 28,994
6	CAD 34,917	CAD 32,700
7	CAD 38,875	CAD 36,407
>7	CAD 3958 (for each additional member)	CAD 3,706 (for each additional member)

 

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United Kingdom

The minimum salary requirement for a UK work visa was recently increased from £26,200 ($33,000) to £38,700 ($48,900). Foreign professionals earning above £38,700 ($48,900) can apply to migrate to the UK with a UK work permit. 

 

Eligible applicants must have a minimum bank balance of £1,270 to ensure that they can support their stay in the UK. Candidates must ensure they have sufficient money for at least 28 days consecutively.

 

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