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Apr 8th, 2026
New Zealand Funds Transfer Scheme (2026) – Student Visa Proof of Funds Explained
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New Zealand Funds Transfer Scheme (2026) – Student Visa Proof of Funds Explained
Highlights: New Zealand Announces Funds Transfer Scheme to Aid International Students
- New Zealand has announced a new Funds Transfer Scheme (FTS) to help international students manage lifestyle expenses in the country.
- Students planning to study in New Zealand can transfer funds into a dedicated savings account before arrival, which will be released monthly to cover regular expenses.
- The Funds Transfer Scheme requires a minimum of NZ$20,000 or NZ$17,000 annually to support daily expenses.
- Immigration New Zealand manages the savings account and new funding system for international students in partnership with ANZ Bank New Zealand Limited.
- Students can begin the fund transfer process after receiving their Approval in Principle (AIP) letter from INZ.
*Want to apply for a New Zealand student visa? Let Y-Axis guide you with the process.
New Zealand to Offer Financial Support to International Students through Funds Transfer Scheme (FTS)
New Zealand has officially launched a new Funds Transfer Scheme (FTS) for international students migrating to the country. Under this new system, students can transfer funds to a dedicated ANZ Bank New Zealand Limited managed savings account before arrival. The collected funds can be withdrawn monthly upon immigration to cover lifestyle costs and daily expenses.
Immigration New Zealand (INZ) has set the minimum fund requirements as NZ $20,000 per year for tertiary education and NZ $17,000 for compulsory education. International students must secure an FTS as proof of sufficient funds for sustenance when applying for a New Zealand student visa.
To apply for a study visa in New Zealand, candidates must be at least 13 years old and transfer the required minimum maintenance funds for one year of study. The new scheme provides funds to international students in New Zealand to support living expenses, but does not cover tuition fees.
Also, read...
New Zealand introduces pathway visa for smoother student entry. Apply now!
How to apply for the FTS System in New Zealand?
The steps to apply for New Zealand’s Fund Transfer Scheme are as follows:
Step 1: Wait until you receive an Approval in Principle (AIP) letter from INZ.
Step 2: Complete the online application with ANZ Bank New Zealand Limited for setting up the savings account
Step 3: Contact the bank to verify the documents necessary for opening an FTS account.
Step 4: Once a savings account is created, transfer the amount (NZ$20,000 or NZ$17,000)into the FTS savings account and inform the bank.
Step 5: The bank then confirms receipt of funds to INZ (necessary for student visa application).
Step 6: Upon arriving in New Zealand, activate the FTS account in person.
Step 7: Wait for funds to be transferred to your everyday account monthly to cover lifestyle expenses.
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New Zealand launches Short-Term Graduate Work Visa and expands post-study work options. Apply Now!
How to Access, Manage, Withdraw, and Request a Refund Under the FTS Scheme?
The Funds Transfer Scheme for international students in New Zealand sets the following limits for accessing the funds:
- The monthly transfer amount from the FTS savings account to the students' everyday account remains fixed.
- INZ has set the limit at a deposit of NZ $20,000, which allows a maximum monthly transfer of NZD 1,666, while NZ $17,000 allows up to NZD 1,416 per month.
- Access to additional funds is restricted and may be granted only in specific cases, such as financial hardship, subject to approval.
- Students can open other independent savings accounts in New Zealand alongside their FTS accounts.
- Upon rejection of a student visa, students can request a refund.
- Upon discontinuation of studies, students can withdraw the remaining balance.
Note: New Zealand's Fund Transfer Scheme reflects the country's intention to provide overseas students with access to structured funds while in New Zealand.
*Are you looking for step-by-step assistance with overseas immigration? Contact Y-Axis, the world’s No. 1 overseas immigration consultancy
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FAQs
What is New Zealand’s Funds Transfer Scheme for student visa applicants?
New Zealand’s Funds Transfer Scheme is a financial arrangement that helps international students show proof of funds for living expenses. Students transfer required funds into a designated account before visa approval. After arriving in New Zealand, the funds are released in monthly instalments to support daily expenses during their study period. This system ensures students have stable financial support while studying.
Who is required to use the New Zealand Funds Transfer Scheme?
Immigration New Zealand may require certain student visa applicants to use the Funds Transfer Scheme. This typically applies to students from selected countries, including India. Applicants are informed through an approval in principle letter if they must use the scheme. This process helps authorities confirm that students have genuine and accessible funds.
How does the Funds Transfer Scheme work for student visa applicants?
Students first receive an approval in principle for their visa. They then open a designated savings account and transfer the required funds. After verification, the visa is issued. Once students arrive in New Zealand, the funds are transferred monthly into their personal bank account to cover living expenses.
How much money is required under the Funds Transfer Scheme?
Students are generally required to transfer funds for one year of living expenses. The amount is usually around NZD 20,000 per year for higher education students. These funds are released monthly after arrival to ensure consistent financial support throughout the study period.
Can students withdraw funds freely under the scheme?
Students typically receive funds in monthly instalments rather than full withdrawals. This helps manage expenses throughout the academic year. In special situations such as emergencies, students may request additional withdrawals with approval.
Does the Funds Transfer Scheme cover tuition fees?
No, the Funds Transfer Scheme only covers living expenses such as accommodation, food and transportation. Tuition fees must be paid separately to the education provider. Students may need to show proof of tuition payment during the visa process.
What happens if a student visa is refused?
If a visa application is rejected, students can request a refund of the transferred funds. After submitting the necessary documents, the funds are returned and the account is closed. This reduces financial risk for applicants.
Can students access remaining funds after completing studies?
Yes, students can withdraw any remaining funds after finishing their course or switching to another visa. Once the remaining balance is transferred, the account is closed.
Who manages the Funds Transfer Scheme in New Zealand?
The Funds Transfer Scheme is managed by Immigration New Zealand in partnership with ANZ Bank New Zealand Limited. The bank holds and distributes the funds while immigration authorities oversee compliance with visa requirements.
What are the benefits of the Funds Transfer Scheme for international students?
The scheme provides secure fund management and reduces documentation requirements. It also ensures students receive regular financial support and helps them manage expenses responsibly. This makes the student visa process more structured and reliable.
Canada Introduces Eight Major Immigration Changes from April 1, Impacting PR Applicants and Newcomers. Check Your Eligibility Now!
Highlights: Canada Announces Eight Major Immigration Changes for PR Applicants in 2026
- Canada has announced eight changes in its immigration policies for new PR applicants.
- The latest Canadian permanent residency rules are set to affect new PR applications effective from April 1.
- Under the updated policies, the Canada PR and citizenship fees are revised along with minimum income requirements for the super visa programs.
- The Canadian provinces and territories (PTs) will now have greater authority over PR selection based on the applicant’s intent to settle and establish economic ties.
- Foreign nationals can now also obtain work permits in rural areas through the Temporary Foreign Worker Program.
*Want to apply for a Canada PR? Let Y-Axis guide you with the process.
Top 8 Canada Permanent Residence (PR) changes in 2026
Canada recently introduced several measures affecting PR pathways and application statuses in April 2026. The federal government in Canada has announced eight major changes to immigration policies that will directly affect PR applications this year.
The newly updated policies for Canada PR application in 2026 are as follows:
- Updated Citizenship and Canada PR application fee: The right-of-citizenship fee will increase by $3.25, from $119.75 to $123, and is revised annually.
- New income requirements for Canada super visa sponsorship: Sponsors (Canada PR holders) of super visa for parents/grandparents can meet the minimum income requirements through two new ways (extended income assessment and co-signer supplementing the host's income).
- PR selection authorities transferred to PTs: The federal government transferred PR selection authorities to the provinces and territories, enabling them to assess candidates independently.
- Changes to settlement service eligibility: Economic immigrants can access federally funded settlement services for up to six years after obtaining permanent resident status.
- Access to work permits in rural areas expands: Foreign nationals seeking jobs under the low-wage stream of the Temporary Foreign Worker Program (TFWP).
- Revised Saskatchewan Immigrant Nominee Program (SINP) fee: Applicants under Saskatchewan's worker immigration streams will have to pay an application fee of $500, up from $250.
- Revised Canadian passport fee: Increase in the fee for Canadian passports from $160 to $163.50 for 10-year validity, and from $120 to $122.50 for 5-year validity.
- Faster processing of Canadian passports: Canada has set a rule that passport applications will be processed within 30 business days or delivered free of charge.
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Canada Introduces New PNP Rule: Provinces Get Full Authority Over PR Selection
How will the new Immigration Rules in Canada affect Foreign Nationals?
The latest PR rule changes occurring between March 31 and April 1, 2026, will affect foreign nationals in the following ways:
- Faster visa and passport processing will streamline immigration pathways.
- Revised settlement eligibility for up to 6 years will help newcomers use settlement services more effectively.
- Securing a provincial nomination certificate will carry greater weight in the PR selection process.
- A work permit through the Temporary Foreign Worker Program will encourage the hiring of more temporary foreign workers in rural areas.
- Alternate pathways to meet income requirements for sponsoring a Super Visa for parents/grandparents.
- The updated fee structure will provide better clarity of cost expectations.
- Travel flexibility through a 30-business-day passport processing guarantee.
*Are you looking for step-by-step assistance with Canada immigration? Contact Y-Axis, the world's No. 1 overseas immigration consultancy.
For recent Canadian immigration updates, check out the Y-Axis Canada Immigration News Page.
FAQs
What are the new immigration changes introduced by Canada from April 1, 2026?
Canada introduced eight immigration changes effective April 1, 2026, including updated citizenship fees, faster passport processing timelines, revised settlement service eligibility, and changes to administrative costs. These updates aim to improve efficiency, transparency, and service delivery for foreign nationals planning to immigrate, work, or settle in Canada.
Who will be affected by the April 1, 2026 immigration changes in Canada?
The new changes primarily affect foreign nationals, permanent residents, and individuals applying for Canadian citizenship or immigration services. Newcomers, economic immigrants, and future citizens may experience updated processing timelines, revised fees, and modified access to settlement services under Canada’s latest immigration policy adjustments.
Will immigration application fees increase under the new rules?
Yes, certain immigration and citizenship-related fees have been updated effective April 1, 2026. Applicants planning to apply for permanent residence or citizenship should review the revised fee structure before submitting applications. These updates aim to align service costs and improve processing efficiency across Canada’s immigration system.
What is the new passport processing rule introduced by Canada?
Canada introduced a 30-business-day passport processing guarantee starting April 1, 2026. If passport applications are not processed within this timeframe, eligible applicants may receive a refund of passport processing fees. This change aims to improve service efficiency and reduce waiting times for new Canadian citizens.
How long can new permanent residents access settlement services?
Under the new rules, economic immigrants can access federally funded settlement services for up to six years after obtaining permanent residence. This defined timeline encourages newcomers to use language training, employment assistance, and integration programs early in their settlement journey.
Will these changes impact new PR applicants?
Yes, new permanent residence applicants may experience updated processing timelines, fee structures, and service access policies. While some changes involve revised costs, they also introduce improved service standards and more structured immigration processes for individuals planning to settle in Canada.
Are these immigration changes beneficial for foreign nationals?
Yes, many of the changes focus on improving processing efficiency, faster service delivery, and clearer timelines. Foreign nationals may benefit from better planning opportunities, improved transparency, and enhanced immigration services designed to support smoother transitions to living and working in Canada.
Do the new rules affect Canadian citizenship applicants?
Yes, individuals applying for Canadian citizenship may see updated fees and improved processing commitments. Additionally, new citizens will benefit from faster passport processing guarantees, which provide greater convenience and improved travel flexibility after receiving Canadian citizenship.
Why did Canada introduce these immigration changes?
Canada introduced these changes to modernize immigration services, improve efficiency, and better manage growing immigration demand. The updates also aim to enhance transparency, reduce delays, and provide a more structured immigration system for foreign nationals moving to Canada.
When did the new Canadian immigration rules come into effect?
The new immigration changes came into effect on April 1, 2026. Applicants planning to immigrate, apply for citizenship, or access settlement services after this date should review the updated rules to understand how these changes may impact their immigration plans.
Canada Introduces New PNP Rule: Provinces Get Full Authority Over PR Selection
Highlights: Canada Revises PNP Rules Offering Full Authority to Provinces for PR Process
- Ottawa officially permits provinces and territories to assess their Provincial Nomination Program (PNP) candidates for PR selection.
- The regulatory authorities are transferred to the provinces and territories (PTs) effective from March 30, 2026.
- Upon the transfer of authority from the federal government, Canadian PTs now have two key assessment responsibilities.
- The PTs in Canada can independently decide whether the candidate is eligible to live in the selected province/territory and whether they can economically establish themselves in the country.
- The new PNP rule changes apply to all new and existing PNP applications that have not yet passed the eligibility stage, whether before or after March 30.
*Want to check your eligibility for Canada? Try the FREE Y-Axis Canada CRS points calculator to get an instant score!
Canada Shifts PNP Eligibility Decisions to Provinces and Territories
Provinces and territories in Canada are granted greater authority to assess Provincial Nomination Program (PNP) candidates for Canada permanent residence (PR) as of March 30, 2026.
The two major authorities transferred by the Canadian federal government to provinces and territories (PTs) include the following:
- Assess the eligibility of candidates to reside in the nominating province or territory.
- Assess the eligibility of candidates to establish themselves economically in Canada.
The new PNP rules apply to all new and existing PNP candidates who have not yet passed the eligibility stage, irrespective of whether an applicant applied before or after March 30, 2026.
Under the revised PNP policies, candidates with a provincial nomination certificate are no longer subject to separate assessment or a change of decision by IRCC.
Parameters that IRCC continues to assess for PNP applications:
While IRCC no longer has the authority to evaluate intent to reside or economic establishment, the federal government still continues to assess candidates based on:
- Valid applicant identity and credentials.
- Confirm that the nomination certificate is valid and has not expired.
- Security, medical, and financial checks for admissibility into Canada.
- Minimum entry criteria for their applicable Express Entry program (FSWP, FSTP, CEC).
Note: If the federal government finds an applicant's profile unfit to proceed, the respective PT will be informed of the action within 60 to 90 days.
*Want to apply for Canada PNP? Let Y-Axis guide you with the process.
How will the New PR Authority Transfer Impact PNP candidates in 2026?
The transfer of authorities to provinces for independent assessment will affect new PNP applicants in the following ways:
- PNP eligibility assessments will be conducted solely by provinces and territories.
- Closer evaluation by PTs based on intent to reside and economic prospects before issuing a nomination.
- Upon securing a valid nomination certificate, IRCC cannot revoke your application based on those two criteria.
- Reduced risk of federal refusal on the grounds of transferred criteria.
- New PNP applicants must thoroughly prepare their documents to meet both criteria.
Existing requirements to establish intent to reside and economic establishment in Canada are as follows:
- Valid job offer/employment contract in a high-demand occupation.
- Work/study experience in the respective province(Canadian work experience).
- Family connection in the selected province/territory.
- Record of temporary residential status in selected PT.
- Strong knowledge of the local community.
- Educational qualifications aligned with labor-market criteria.
- Sufficient settlement funds.
*Are you looking for step-by-step assistance with Canada immigration? Contact Y-Axis, the world's No. 1 overseas immigration consultancy.
For recent Canadian immigration updates, check out the Y-Axis Canada Immigration News Page.
FAQs
What is Canada’s new PNP rule announced in March 2026?
Canada has introduced a new Provincial Nominee Program rule where provinces and territories now have full authority to assess key eligibility factors for permanent residence applicants. A valid nomination certificate will serve as proof of eligibility, reducing duplicate assessments and helping streamline the immigration process for faster decisions.
When did the new Canada PNP rule come into effect?
The new PNP rule came into effect on March 30, 2026. It applies to new and existing applications. Provinces and territories now assess applicants’ ability to settle economically and their intent to reside locally, while federal authorities focus on admissibility and final approval procedures.
What decisions will provinces now control under the new PNP rule?
Provinces and territories will now determine whether applicants can economically establish themselves and genuinely intend to live in the nominating province. These responsibilities were previously shared with federal immigration authorities but are now primarily handled by provincial governments.
What role will federal immigration officers play after the new rule?
Federal immigration officers will verify applicant identity, confirm valid nomination certificates, ensure applicants are not excluded from the program, and assess admissibility factors such as criminal background, security risks, health requirements, and financial stability before granting permanent residence.
Will the new PNP rule speed up Canada PR processing?
Yes, the new rule is expected to speed up Canada PR processing by eliminating duplicate assessments. Provinces will evaluate candidates once, and federal authorities will conduct final checks, leading to a more efficient immigration process and potentially faster permanent residence approvals.
Who benefits the most from the new Canada PNP rule?
Skilled workers, international graduates, and professionals applying through provincial streams will benefit the most. Provinces can now select candidates based on local labour shortages and economic needs, increasing opportunities for applicants with in-demand skills and relevant work experience.
Does the new rule apply to all Provincial Nominee Program streams?
Yes, the new regulation applies to most Provincial Nominee Program streams, including both Express Entry-aligned and base PNP programs. This ensures a consistent approach across provinces while allowing them greater flexibility in selecting candidates suited to regional needs.
Will provinces now have more control over immigration selection?
Yes, provinces and territories now have greater authority over immigration selection. This allows them to address labour shortages, support regional development, and attract candidates who are more likely to settle long-term and contribute to the local economy.
What does this mean for Canada PR applicants in 2026?
Canada PR applicants may experience faster processing, clearer eligibility assessments, and improved chances if their skills align with provincial labour demands. The new rule also reduces confusion by limiting overlapping reviews between provincial and federal immigration authorities.
Will a provincial nomination guarantee Canada PR approval?
A provincial nomination significantly strengthens a Canada PR application, but it does not guarantee approval. Applicants must still meet federal admissibility requirements, including medical, security, criminal, and financial checks before permanent residence is granted.
Want to apply for Canada PR? Contact Y-Axis today.
Australia announced New Income Thresholds for Employer-Sponsored Visas. Apply for an Australian Work Visa Now!
Highlights: Australia Revises Income Thresholds for Employer-Sponsored Visas
- Australia has announced new salary thresholds for employer-sponsored visas, effective for applications lodged between July 1, 2025, and June 30, 2026.
- The Temporary Skilled Migration Income Threshold is set at AUD 76,515, while a higher threshold of AUD 141,210 applies to specialist roles.
- The income threshold has been revised for visa categories like Skilled Employer Sponsored Regional (subclass 494), Regional Sponsored Migration Scheme (subclass 187), and the Skilled Employer Sponsored Regional (subclass 494) and the Regional Sponsored Migration Scheme (subclass 187).
- The updated salary requirements are linked to annual wage data to align the income of foreign workers with that of regional employees.
- The skilled visa income thresholds in Australia are scheduled to be indexed each year and will take effect from July 1, 2026, for new nomination applications.
*Want to apply for an Australia work visa? Let Y-Axis assist you with the process.
Australia updates Salary Threshold for Employer-Sponsored Visas in 2026
Australia has recently updated its Employer-Sponsored Visa Salary Requirements through Annual Wage Indexation. The Department of Home Affairs has announced that the new salary requirements apply to multiple visa categories to align the income of foreign workers with that of Australian employees.
Skilled Visa income thresholds are indexed annually in the country, based on changes in Average Weekly Ordinary Time Earnings. These updates are scheduled to take effect on July 1 every year for new nomination applications.
The Temporary Skilled Migration Income Threshold (TSMIT) has been set at AUD 76,515 for applications lodged between July 1, 2025, and June 30, 2026. The new threshold applies to visa categories such as Skilled Employer Sponsored Regional (subclass 494), Regional Sponsored Migration Scheme (subclass 187), Skills in Demand visa (subclass 482), and Employer Nomination Scheme (subclass 186).
Professionals applying to higher-skilled roles will have to meet the Specialist Skills Income Threshold of AUD 141,210 for applications lodged within the same timeline.
The following are the revised salary thresholds in Australia across different visa categories:
| Category | Income Threshold | Applicable Period | Applicable Visas / Streams | Details |
|---|---|---|---|---|
| Temporary Skilled Migration Income Threshold (TSMIT) | AUD 76,515 | July 1, 2025 – June 30, 2026 | Skilled Employer Sponsored Regional (Subclass 494), Regional Sponsored Migration Scheme (Subclass 187) | Minimum salary requirement for employer-sponsored nomination applications |
| Core Skills Income Threshold | AUD 76,515 | July 1, 2025 – June 30, 2026 | Core Skills Stream (Employer-sponsored visas) | Applies to core skills stream salary requirements for eligible occupations |
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What do the Updated Salary Thresholds Mean for Foreign Workers in Australia?
The updated salary requirements in Australia for skilled visa categories aim to establish fair pay for foreign workers in line with local wage standards.
Here is how the revised salary threshold will affect foreign professionals in Australia:
- Skilled visa applicants must secure jobs that meet the new salary requirements.
- Foreign workers can benefit from improved salaries and stronger financial stability in Australia.
- Employers must provide salaries that align with the revised minimum income and market rates.
- Workers across sectors like hospitality, retail, and some healthcare roles will benefit from higher wages.
Note: The Annual Market Salary Rates in Australia are revised annually to ensure adequate compensation for foreign workers and maintain parity with local job markets.
Are you looking for a step-by-step with Australian Immigration? Contact Y-Axis, the world’s No. 1 abroad immigration consultancy, for end-to-end support!
For more updates on Australia, check out Y-Axis Australia Immigration Updates!
FAQs
What are Australia's new income thresholds for employer-sponsored visas?
Australia has increased income thresholds for employer-sponsored visas to reflect annual wage growth. These updated salary requirements ensure overseas workers are paid fairly and align with Australian labour market standards. Applicants must meet the revised minimum salary to qualify.
When do the new income thresholds come into effect?
The revised income thresholds for employer-sponsored visas are expected to take effect from July 2026. All new visa applications submitted after the implementation date must meet the updated salary requirements.
Which visas are affected by Australia's new income thresholds?
The changes apply to employer-sponsored visas, including the Temporary Skill Shortage (Subclass 482), Employer Nomination Scheme (Subclass 186), and Skilled Employer Sponsored Regional Visa (Subclass 494).
Why has Australia increased employer-sponsored visa salary thresholds?
Australia adjusts salary thresholds annually through wage indexation. This ensures migrant workers receive competitive pay, prevents undercutting local wages, and maintains fairness in the labour market.
Will existing visa holders be affected by the new salary thresholds?
Existing visa holders are generally not affected immediately. However, the new income thresholds may apply during visa renewal, employer change, or nomination updates.
What is the purpose of annual wage indexation in Australia?
Annual wage indexation adjusts salary requirements based on economic conditions and wage growth. This helps maintain fair pay standards for migrant workers and protects local employment opportunities.
Can applicants still apply if their salary is below the new threshold?
No, applicants must meet the new minimum salary requirement. If the offered salary falls below the threshold, the visa application may be refused unless exemptions apply.
Who benefits from the updated employer-sponsored visa salary requirements?
Both migrant workers and Australian employees benefit. Migrants receive fair wages, while the changes prevent salary undercutting in the local labour market.
Are these changes applicable to all occupations?
The new thresholds generally apply across eligible occupations under employer-sponsored visa programs. However, specific roles may have different salary benchmarks depending on industry standards.
How can I apply for an Australian employer-sponsored visa?
Applicants must secure a job offer from an approved Australian employer, meet skill and salary requirements, and submit a visa application. Consulting immigration experts can help ensure eligibility and proper documentation.
Greece Announces New Minimum Wage Increase for 2026. Apply Now for a Greece Work Visa!
Highlights: Greece Revises minimum wages for work visas from April 2026
- Greece has announced a rise in the minimum wage for full-time employees, effective April 1, 2026.
- The new minimum wage in Greece will now be 920 euros, up from 880 euros earlier.
- The minimum monthly gross wage will increase by 4.5%, marking the sixth hike in the last four years.
- The updated wages requirement reflects the country’s initiative to reduce financial crisis and the effects of rising energy costs.
- The country aims to raise the minimum wage to 950 euros by 2027, attracting more foreign workers to the Greek job market.
*Interested to apply for a Greece work visa? Let Y-Axis guide you with the process.
Greece Plans Sixth Wage Increase Amid Fuel Inflation Crisis in 2026
Greece is set to revise its minimum wage requirements, effective from April 1, 2026. The minimum wage will be increased from 880 euros to 920 euros to restore living standards impacted by inflation in the country.
The U.S.-Israeli-Iranian conflict has significantly affected Greece's financial situation due to surging energy prices. Greece is still recovering from the earlier 2009-2018 debt crisis that cut wages, pensions, and economic output.
As a result, the Greek Prime Minister Kyriakos Mitsotakis has decided to cut taxes and social security contributions and increase the minimum salary for full-time employees by 5 times since 2022, targeting a minimum monthly salary of 950 euros by 2027.
Additionally, the country has introduced caps on profit margins for fuel and supermarket goods, and subsidies for fertilizers.
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How will the new minimum wage impact foreign workers in Greece?
The revised minimum wage requirement for full-time workers in Greece is an initiative to manage the ongoing fuel inflation crisis. While the country attempts to recover its living standards, the recent changes will impact foreign workers in Greece in the following ways:
- The minimum salary for foreign workers in entry-level jobs will rise to 920 euros.
- Improved compensation for foreign workers across sectors like tourism, construction, agriculture, and hospitality.
- Alignment between the higher cost of living and the average annual earnings.
- Higher minimum wages will attract foreign skilled workers to sectors facing labor shortages in the country.
- Offset rising inflation and fuel costs amid global tension.
Note: Greece’s plan to raise the minimum wage to €950 by 2027 will benefit foreign professionals in the upcoming years.
Are you looking for step-by-step assistance with overseas immigration? Contact Y-Axis, the world’s No. 1 overseas immigration consultancy!
For recent immigration updates, check out the Y-Axis Schengen News Page!
FAQs
What is the new minimum wage in Greece?
Greece plans to increase the minimum wage to €920 per month from April 2026. This marks the sixth wage increase in recent years. The move aims to support workers facing rising living costs, inflation, and fuel price pressures while strengthening Greece’s economic recovery and improving income levels.
When will the new minimum wage in Greece take effect?
The new minimum wage in Greece is expected to take effect from April 2026. The government announced this increase as part of its ongoing efforts to improve workers’ purchasing power and support economic growth as the country continues to recover from past financial challenges.
Why is Greece increasing the minimum wage?
Greece is raising the minimum wage to help workers manage rising fuel prices, inflation, and higher living expenses. The government also aims to support economic recovery, improve household income, and attract more workers to sectors currently facing labour shortages.
How will the wage increase impact foreign workers in Greece?
Foreign workers in Greece may benefit from higher starting salaries and improved financial stability. The wage increase could also encourage employers to hire more international workers, especially in industries such as tourism, hospitality, agriculture, and construction where labour demand remains high.
Which sectors in Greece hire foreign workers the most?
Foreign workers are mainly hired in sectors such as tourism, hospitality, agriculture, construction, and seasonal services. These industries often rely on migrant workers due to labour shortages, and higher wages may further increase job opportunities for foreign applicants.
Is Greece facing labour shortages?
Yes, Greece is currently facing labour shortages in several industries, particularly in tourism, agriculture, construction, and hospitality. The wage increase is expected to help attract more workers, including foreign nationals, to fill these roles and support economic growth.
Will Greece increase minimum wages again in the future?
Greece has announced plans to gradually increase the minimum wage further, with a target of around €950 by 2027. This long-term approach aims to improve living standards, boost consumer spending, and support workers across different sectors.
Can foreign workers apply for jobs in Greece after the wage increase?
Yes, foreign workers can apply for jobs in Greece through work visa and employer-sponsored opportunities. With higher wages and labour shortages, Greece may become more attractive for international workers looking for employment in Europe.
How does Greece’s minimum wage compare to other European countries?
Greece’s minimum wage is still lower than many Western European countries, but recent increases are making it more competitive. The rising wages, combined with job opportunities and growing sectors, may attract more foreign workers to Greece.
Is Greece a good destination for foreign workers in 2026?
With increasing wages, labour shortages, and economic recovery, Greece is becoming a more attractive destination for foreign workers. Job opportunities across tourism, agriculture, and construction sectors continue to grow, making Greece a potential option for international job seekers.