- New Minimum Salary Requirements for Large Business Unit
- August 22, 2012
- Law Firm: Fragomen Del Rey Bernsen Loewy LLP - New York Office
The Spanish government has increased the minimum salary requirements for highly skilled work permit applicants using fast-track processing through the Large Business Unit (Unidad de Grandes Empresas). The new minimum salaries for local hires and intracompany transferees are EUR 28,254.40 for non-management positions (previously EUR 28,079.38) and EUR 56,508.80 for management positions (previously EUR 56,158.76). The new minimum salary requirements for Blue Card applicants depend on the business sector in which the host company is registered with the Spanish government.
All minimum salary requirements for Large Business Unit work permit applications have been raised in accordance with the list of average salaries for 2011 published by the National Statistics Institute. The minimum salary required for each applicant is determined based on the average salaries listed for the company’s business sector classification on the CNAE (Codigo Nacional de Actividades Economicas/National Code of Economic Activities). The salary for an intracompany transferee will need to meet or exceed the average salary in the relevant business sector. For local hire and Blue Card applications, the salary will typically need to be at least 1.5 times the average salary in the relevant business sector, with some exceptions.
Because other factors -- such as the number of dependents submitting residence permit applications simultaneously with the primary applicant -- will also be taken into consideration in order to determine an applicant’s required salary, the minimum salary must be assessed on a case-by-case basis.