Information contained in this publication is intended for informational purposes only and does not constitute legal advice or opinion, nor is it a substitute for the professional judgment of an attorney.
New Minimum Wages
New Order or Decree
Author: Francisco Cerda, Partner – BDS, Member of Littler Global
In February 2023, the National Minimum Wage Commission agreed to increase the minimum wage for various sectors, including agriculture, fishing, manufacturing, commerce, construction (mostly administrative employees), financial and insurance establishments, among others. The new minimum wage will be in effect from March 1, 2023, to February 28, 2024.
Additionally, effective January 1, 2023, industries subject to the special regime of free zones must apply an increase of 8% to the minimum wage received by employees. Therefore, the new minimum wage for free trade zones is NIO 8,098.46.