Sweden increased the salary of foreign workers to Rs 2,25,000 in June 2024

Highlights: Salary of foreign workers increased to Rs 2,25,000 in Sweden

• The Swedish government has increased the salary threshold for Sweden Work Permit applicants by 120%.
• The minimum salary requirement has been increased to Rs 2, 25,000 per month.
• Temporary foreign workers must meet the minimum salary requirement of Rs 1,00,000 as of June 2024.
• The updated salary threshold is effective for work permit applicants who have applied after June 18, 2024.

?

*Willing to work in Sweden? Y-Axis is here to provide complete assistance!

?

Increase in salary threshold for Sweden Work Permit

Swedish work permit applicants' minimum salary requirement has been increased by almost 120%. The Government of Sweden has increased the salary threshold to Rs 2,25,000 for Swedish work permit applications and extensions.

?

The change in salary threshold is effective June 18, 2024, for new work permit applicants and renewal applications. The updated salary requirement is based on the refreshed average salary figures released by Statistics Sweden. Work permit applicants must reevaluate their financial plans and salary negotiations to meet the new salary threshold.

?

*Looking for jobs in Sweden? Avail Y-Axis Job Search Services for personalized guidance!

?

Significant Changes to Salary Threshold

The average monthly salary in Sweden has been increased to Rs 3,00,000 as of June 18, 2024. Based on this figure, the new salary requirement for work permit applicants has been set at Rs 2,25,000 per month.

?

The Government of Sweden plans to increase the salary threshold further to 100% of the average monthly salary in Sweden. The further rise in salary requirement is expected to be implemented by June 01, 2025. Certain workers are to be exempted from the new salary threshold to ensure that the updated rules are equitable and that various sections of workers are considered.

?

The Swedish government also plans to allow a one-year grace period for renewal applicants. During the grace period, the present rule of 80% of the average monthly salary will apply for renewal applications. The one-year grace period will end on June 1, 2026, so that work permit holders can get sufficient time to adjust to the new threshold.

?

*Want to apply for a Sweden residence permit? Y-Axis is here to help you with the steps!

?

Who will the new salary threshold apply to?

The new salary threshold is applicable for all fresh work permit applicants as well as renewal applications submitted on or after June 18, 2024. The new change does not apply to applications that are already in process.

?

Sweden work permit applicants must also make sure that their salaries comply with the industry standards or collective bargaining agreements. Besides meeting the minimum salary criteria, the salary should also meet the specific salary standards of their job sector.

?

Note: Applicants must be prepared for further changes in the salary requirements as the salary threshold may change based on further updates on the median salary figures provided by Statistics Sweden.

?

Salary requirement for seasonal workers

The salary threshold is different for temporary workers having a seasonal work permit in Sweden. Temporary foreign workers working for less than 90 days in Sweden must meet the previous salary requirement of Rs 1,00,000 per month. They must also ensure that their salaries comply with comply with specific industry standards or collective bargaining agreements, whichever is higher.

?

*Are you looking for step-by-step assistance with Sweden immigration? Contact Y-Axis, the world’s No. 1 overseas immigration consultancy.

?

For recent immigration updates, check out Y-Axis Europe Immigration News.

?