Find your employer of record in Equatorial Guinea

Equatorial Guinea famous place - EOR World Wide
Equatorial Guinea - EOR World Wide

Equatorial Guinea

currency

Central African CFA franc (CFA)

Currency

Payroll_Frequency

monthly

Payroll Frequency

Employer_Tax

0 to 22.5

Employer Tax

With 2 clicks, start your journey to Hire a contractor or remote employees in Equatorial Guinea without a entity set up.

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Overview

Capital

Currency

Date Format

Fiscal Year

Reviews

Malabo

Central African CFA franc (CFA)

DD/MM/YY

January 1st-December 31st

0 / 5 Star (0 Reviews)

Equatorial Guinea famous place - EOR World Wide

Find your employer of record in Equatorial Guinea

Equatorial Guinea

currency

Central African CFA franc (CFA)

Currency

Payroll_Frequency

monthly

Payroll Frequency

Employer_Tax

0 to 22.5

Employer Tax

Overview

Capital

Currency

Date Format

Fiscal Year

Reviews

Malabo

Central African CFA franc (CFA)

DD/MM/YY

January 1st-December 31st

0 / 5 Star (0 Reviews)

0

With 2 clicks, start your journey to Hire a contractor or remote employees in Equatorial Guinea without a entity set up.

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Overview

Central African CFA franc (CFA)

CURRENCY

Malabo

CAPITAL

monthly

PAYROLL FRECUENCY

11

PUBLIC HOLIDAYS

0 to 22.5

EMPLOYER TAXES

13TH / 14TH SALARY

The 13th Salary in this region is usual and typically given at the end of the year.

Employee and employeer taxation in Equatorial Guinea

Employer

Company Payroll Contributions

0% - 21.5%

National Institute of Social Security (INSESO)

0% - 1%

Work Protection Fund (WPF)



0% - 22.5%

Total Employment Cost

Employee

Worker Payroll Contributions

0%- 4.5%

National Institute of Social Security (INSESO

0%- 0.5%

Work Protection Fund (WPF)


0% - 5%

Total Employee Cost



Employee Income Tax in Equatorial Guinea

Worker Income Tax

0%

0 to 1.000.000

10%

1.000.001 to 3.000.000

15%

3.000.001 to 5.000.000

20%

5.000.001 to 10.000.000

25%

10.000.001 to 15.000.000

30%

15.000.000 to 20.000.000

35%

More than 20.000.000

Equatorial Guinea famous place - EOR World Wide
Equatorial Guinea famous place - EOR World Wide
Minimum Wage in Equatorial Guinea
General

The minimum wage in Equatorial Guinea is 128.000 CFA. Therefore, this is the lowest amount a worker can receive for his or her work.


Nonetheless, the salaries vary depending on the job position and industry. For this reason, it is important to opt for HR and payroll outsourcing to determine the best compensation.

$209,32 Minimum Wage per month

Equatorial Guinea famous place - EOR World Wide

Payroll Contributions in Equatorial Guinea

Payroll Cycle

The payroll cycle in Equatorial Guinea is monthly. So, with payroll outsourcing, you can forget about calculations and ensure accuracy.

13th Salary

There are no provisions regarding a 13th-month salary payment in Equatorial Guinea. 

Employee Benefit in Equatorial Guinea

Employees in Equatorial Guinea are entitled to the following benefits:


  • Probation period.
  • Annual leave.
  • Maternity leave.
  • Sick leave.
  • Notice period.
  • Overtime pay.
  • Social security benefits.


If you want to provide supplemental benefits, you can look for PEO services. Therefore, you can even add some bonuses to complement your package offer.

Visa and work permit in Equatorial Guinea

Any foreign individual that wants to enter Equatorial Guinea must apply for a valid visa first. The process to obtain a visa is through the Equatorial Guinea Embassy in the employee’s country of residence.


Once the employee has applied for a visa, it is mandatory to obtain a work permit. The processing time may be up to two weeks. In this regard, there are several types of work permits in Equatorial Guinea:


  • BI: the initial work permit which is valid for a year.
  • BR: after the work permit BI expires, you can renew it and obtain a BR work permit which is valid for two years.
  • C: you receive a C work permit after the renewal of the BR work permit. Thus, it is valid for three years.
  • A: this work permit is for temporary employees and it is valid for 6 months and is renewable.
  • I: aimed at self-employed workers with one-year validity and renewable.
  • PCP: for businesspeople and self-employed. Valid for three years.
  • PTA: self-employed or workers in the agricultural sector. Valid for three years.
  • PP: it is a permanent work permit. Furthermore, it is only available to those that meet certain conditions.


Since obtaining visas for employees can be troublesome, it is good to look for an Employer of record in Equatorial Guinea.

VAT in Equatorial Guinea

In Equatorial Guinea, the standard VAT rate is 15%. However, there is also the reduced rate of 6% which is for some products. Also, some products are exempted while others are assessed a 30% of special duty tax.

Working Hours in Equatorial Guinea
General

Generally, employees in Equatorial Guinea have to work a maximum of 8 hours per day. Thus, 48 working hours total per week.


Therefore, with an EOR you can manage employees’ working hours better.

Overtime

Employees can work overtime but only 2 hours maximum per day. Also, the total overtime hours per year cannot exceed 200 hours.


Since calculating overtime rates may be confusing, it is best to look for payroll outsourcing services.

Working Week

A typical working week in Equatorial Guinea consists of six days. Nonetheless, in certain circumstances such as for young workers, the working week is reduced.


So, with an Employer of record in Equatorial Guinea you can have better management of rest days.

Employee Termination in Equatorial Guinea
Termination Process

According to employment laws, either party has the right to terminate the employment contract. Thus, it can be by dismissal or by an employee’s resignation.


In the case of dismissal, the employer has to provide justified reasons such as economic, violent acts, robbery, provide false information, or others.


Also, the employer has to submit a written notice to the employee stating the reasons for dismissal.


Furthermore, if the employee decides to resign, he or she must submit a written resignation with a month's notice. 

Notice Period

The notice period in Equatorial Guinea depends on the following:


  • After one month of service: 1 weeks’ notice.
  • After six months of service: 20 days’ notice.

Severance Pay

Severance pay in Equatorial Guinea ranges from 15 and 45 days of wages for each year of service.


Since it may seem challenging to calculate severance pay, a PEO could be helpful.

Probation Period

The probation period varies depending on the following:


  • Unqualified workers: 1 month.
  • Middle-level technicians: 3 months.
  • Senior technicians: 6 months.


During the probation period, any of the parties can decide to terminate the contract. Since probation can be hard to handle, it is advisable to look for an Employer of record in Equatorial Guinea

Employee Leaves in Equatorial Guinea
Paid Time Offs

In Equatorial Guinea, employees are entitled to 30 days of paid leave once they have completed a year of service. Thus, they can enjoy a month of vacation.


Although managing leaves may seem simple, with an employer of record you can make it seamless.

Equatorial Guinea famous place - find your EOR
Public Holidays

There are 11 national holidays throughout the year.

Vacation Holidays

There are 30 vacation holidays throughout the year.

Sick Days

Sick leave in Equatorial Guinea is mandatory. An employee is entitled to a 26-week leave at 50% of wages. But this is as long as the employee has enrolled for social security in the previous year.

Paternity Leave

There are no provisions regarding statutory paternity leave in Equatorial Guinea.

Paternal Leave


Other Leave

In the case of the death of a relative, an employee can get up to two weeks of paid leave.


So, if you need extra support with leaves, you can look for an Employer of record in Equatorial Guinea.

Maternity Leave in Equatorial Guinea

Female employees are entitled to a 12-week maternity leave. Furthermore, they have to take 6 weeks before delivery and 6 weeks after. In case arises a medical complication, the employee may extend the leave.


Also, social security funds the maternity benefits of the employees.

There are 84 leave throughout the year.

Equatorial Guinea famous place - find your EOR

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