May 11, 2023
Sweden announces minimum salary threshold increase for work permit applicants
On 4 May 2023, the Swedish government announced that, effective 1 October 2023, work permit applicants will be required to earn at least 80% of the median annual salary in Sweden. Effective 1 October 2023, third-country nationals (i.e., nationals of countries outside the EU and EEA) will be required to earn at least 80% of the median annual salary to be eligible to apply for a Swedish work permit. While final details have not yet been released, based on the latest data from Statistics Sweden released in 2021, the minimum salary per month for work permit applications processed starting on 1 October 2023 will be at least SEK 26,560. The Migration Agency generally adds 3% annually to the salary data released by Statistics Sweden to determine the current year's salary level.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.
Full text of Tax Alert