Finland increases financial requirement for Schengen visa applicants
Finland will have to show more funds in thei bank accouts to be eligible for a Schengen visa. Effective from the new year, the Ministry for Foreign Affairs in Finland has implemented new regulations impacting short-stay travelers requiring Schengen visas.
Travelers will now have to show a minimum of 50 euros for each day spent in Finland, marking an increase of 20 euros from the previous requirement. This 66% hike comes in response to escalating living costs, the ministry said.
A Schengen visa serves as an entry permit for short-term or temporary visits, granting individuals access to travel within the Schengen area, encompassing multiple European countries.
Along with the increased financial requirement, Finland has introduced a new proof of sponsorship or accommodation scheme. This initiative allows visa applicants to use the financial resources of their hosts in Finland to meet the stipulated funds requirement.
Under this arrangement, hosts are required to complete the sponsorship form, which the visa applicant must include along with the rest of the application. This provision aims to enhance the transparency and accountability of financial arrangements for those seeking short-term stays in Finland.
Schengen visa holders can soon add two more countries to their Europe itinerary
Tourist tax & visa relaxations: Countries that made travel easy in 2023, and those that didn't
France becomes first European country to issue digital Schengen visas
The Schengen area includes 23 of the 27 EU member countries, along with associated neighbors Switzerland, Norway, Iceland, and Liechtenstein.
From March, Schengen visa holders can visit two more countries on their trip to Europe — Bulgaria and
