The Ministry of Employment of Luxembourg has raised the minimum salary threshold for Blue Card holders.
April 4, 2014 (Newswire.com) - The Ministry of Employment of Luxembourg has raised the minimum salary threshold for Blue Card holders. As per the new threshold, it is necessary for the blue card holders to earn a minimum annual salary of €69,858 (up from €69,842), reports Nair & Co. a provider of global HR services for companies with international operations.
The new threshold is applicable to both, new applications and existing blue card holders' renewal applications. Applications will be rejected, if they fail to meet the new threshold. Blue card holders' minimum salary is adjusted every year by the Ministry of Employment.
Nair & Co. advises companies operating in Luxembourg to take a close look at the new salary threshold while planning to file the Blue Card applications and to account for the necessary expenses in their budgets.
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Nair & Co., the leader in international business expansion services, provides accounting, HR, legal, tax and compliance services for the set up and management of your international operations. Our model of a single-point-of-contact, supported by internal teams of experienced advisors, helps clients expand business and manage risk so they can focus on their core business and sustain growth with minimal risk, stress and cost. We support nearly 250 clients in over 70 countries. Nair & Co. is headquartered in Bristol, UK, has 450 employees and offices in China, India, Japan, Singapore, and the US. Learn more at www.nair-co.com
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