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Changes to the Employment Act will go into effect on July 1.
Key Points:
Additional Information: Eligible foreign nationals are still required to register their employment status with their relevant regional branch of the State Labor Inspection Office even if the labor market test is no longer required. In addition, foreign nationals are still required to obtain and maintain a valid residence permit or visa. Employers of non-EU nationals from the nine countries listed above do not need announce the vacancy at the labor office and a job vacancy number does not need to be generated for an application.
BAL Analysis: The Ministry of Labor and Social Affairs is relaxing the rules for labor market testing to increase competitiveness in attracting additional skills and talent in the workforce as well as reduce the cost for employers seeking to hire foreign talent. BAL will provide further updates as information becomes available.
This alert has been provided by the BAL Global Practice Group.
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