Most countries with work visa routes to permanent residency, have a minimum proof of funds requirement for applicants.
Individuals making applications to these countries need to demonstrate this to avoid being financially stranded.
These work visas play a crucial role in moving talent across borders, usually requiring employer sponsorship from employers who make the job offers, handle the necessary paperwork, and meet legal requirements.
This article will highlight the work visa pathways and proof of funds requirements of some of these countries. It is however important to check the official immigration websites of these countries for updated information.
Germany announced that it has 21 pathways to work, live or study in the country with Job shortages in the following sectors: Agriculture, Construction and Transportation
Finland announced its plans to increase work-based migration to 30,000 individuals annually, as the country has been actively encouraging international workers to address the growing labour crisis through its initiatives.
New Zealand has expanded its Green List to include a wide range of professions in construction, information technology, automotive, and engineering which would enable them to utilize the Green List visas when seeking specialized talent not readily found among the local workforce.
The Saskatchewan Immigrant Nominee Program (SINP) in Canada broadened opportunities for immigrants in Saskatchewan.
The UK government is still open to hiring foreign talents as long as they earn £38,700 ($48,900), up from the current £26,200 ($33,000) to obtain a work visa.
Cyprus introduced its Golden Knowledge Programme for foreign nationals in the ‘research and innovation’ sector to apply for expedited citizenship through a fast-track process.
