By KTA News Team |
Minimum Prevailing Wage for Foreign Experts Increased
Effective January 1, 2024, the minimum monthly prevailing wage for foreign national experts has increased to NIS 24,758, up twelve percent (5.5%) from last year.
Initial and renewal applications: Employers of foreign national experts seeking to obtain or renew a work permit on or after January 1, 2024, must increase the foreign national’s minimum salary to comply with the new rule.
Pending applications: Employers of foreign national experts with pending work permit applications as of January 1, 2024, must increase the foreign national’s minimum salary to comply with the new rule.
Immigration applications that do not meet the minimum salary will be rejected.
Exclusions. Foreign nationals under 90 days SEA B-1 or short-term up to 90 days STEP B-1 visas are not affected by the increase.
Read More about B-1 visa
Reminders of other requirements
Benefits and allowances. As before, benefits and allowances may only be included if they are officially recorded in the pay slip, guaranteed and fixed, and are not paid in kind.
Specifically, employers can include the gross salary, unconditional per diem payments, unconditional monthly relocation compensation, unconditional monthly international travel allowance for home visits, unconditional monthly bonuses, and any other unconditional monthly payment made to the foreign national expert.
Currency. As before, salaries can be paid in any currency and not necessarily in Israel.
