Minimum Salary Level Increased - Febuary 04, 2020

Author:Fragomen &nbsp
Profession:Fragomen
 
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At a Glance

Effective January 1, 2020, the minimum monthly salary for foreign experts in Israel has increased to ILS 20,856, up 2.9 percent from 2019. Employers must revise salaries of current permit holders if required to comply with the new rule. The situation

Effective January 1, 2020, the minimum monthly salary for foreign experts in Israel has increased to ILS 20,856, up 2.9 percent from 2019. The new salary level applies to B-1 Work Visas and Hi-Tech B-1 Work Visas (HIT Visas).

The exchange rate at the time of publication of this alert is 1 ILS to 0.29 USD.

A closer look

Existing employees. Employers of foreign nationals currently under a work visa must increase foreign nationals' salaries to comply with the new rule. Initial and renewal applications. Employers of foreign nationals seeking to obtain or renew a work visa on or after January 1, 2020 must increase foreign nationals' salaries to comply with the new rule. Immigration applications that do not meet the minimum salary will be refused. Pending applications. Employers of foreign nationals with pending work visa applications as of January 1, 2020 must increase foreign nationals' salaries to comply with the new rule. Immigration applications that do not meet the minimum salary will be refused. Unaffected categories. Salary levels for...

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