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France's increase in minimum wage impacts requirements for multiple immigration permits
Effective 1 January 2024, the French minimum wage (SMIC) increased by 1.13%, impacting holders of multiple types of French immigration permits. French minimum wage is taken into account when determining the minimum gross salary that must be earned by third-country nationals (i.e., nationals of countries outside the EU and EEA) who seek to obtain certain French immigration permits. The SMIC French minimum wage is the statutory minimum hourly wage that must be paid to employees in France. The SMIC increases annually on 1 January and may be re-evaluated during the year based on inflation.
A Tax Alert prepared by EY's People Advisory Services group, and attached below, provides additional details.