Find your employer of record in Falkland Islands

Falkland Islands famous place - EOR World Wide
Falkland Islands - EOR World Wide

Falkland Islands

currency

Falkland Islands Pound (FKP)

Currency

Payroll_Frequency

monthly

Payroll Frequency

Employer_Tax

0 to FKP 19.75

Employer Tax

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Overview

Capital

Currency

Date Format

Fiscal Year

Reviews

Stanley

Falkland Islands Pound (FKP)

DD/MM/YY

January 1st-December 31st

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Falkland Islands famous place - EOR World Wide

Find your employer of record in Falkland Islands

Falkland Islands

currency

Falkland Islands Pound (FKP)

Currency

Payroll_Frequency

monthly

Payroll Frequency

Employer_Tax

0 to FKP 19.75

Employer Tax

Overview

Capital

Currency

Date Format

Fiscal Year

Reviews

Stanley

Falkland Islands Pound (FKP)

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 Falkland Islands without a entity set up.

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Overview

Falkland Islands Pound (FKP)

CURRENCY

Stanley

CAPITAL

monthly

PAYROLL FRECUENCY

11

PUBLIC HOLIDAYS

0 to FKP 19.75

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 Falkland Islands

Employer

By 2022, in the Falkland Islands, there's a flat tax per week of FKP 19.75 for employers.

Employee

By 2022, in the Falkland Islands, there's a flat tax per week of FKP 19.75 for employees.


- 0%

Total Employee Cost



Employee Income Tax in Falkland Islands

Worker Income Tax


21%

First FKP 12000

26%

About the FKP 12000

Falkland Islands famous place - EOR World Wide
Falkland Islands famous place - EOR World Wide
Minimum Wage in Falkland Islands
General

Through payroll outsourcing, you can pay the minimum wage in the Falkland Islands, which is FKP 7.13.


$1,300.28 Minimum Wage per month

Falkland Islands famous place - EOR World Wide

Payroll Contributions in Falkland Islands

Payroll Cycle

With payroll outsourcing services you can pay your employees monthly, on the last day of each month. However, in the agricultural, oil, and gas industries, the payment is commonly weekly.


13th Salary

In the Falkland Islands, the payment of the 13th month is not mandatory.


Employee Benefit in Falkland Islands

Visa and work permit in Falkland Islands

The Falkland Islands has a regime for citizens who wish to enter the country as visitors, for residence, or for work. Thus, in any of these cases, the person first needs a visa. For all formalities for foreign employees that you want to hire, you can use the services of a Professional Employment Organization.


In this case, the process does not consist of authorization for entry as in other countries, but of an evaluation. In this way, the authorities determine whether the entry intentions of the applicant are legitimate and adequate. Furthermore, there are 3 types of permits in the country, which we will detail below:


1. Work permit

 

This permit allows the holder to reside in the country and work in the country while the permit is valid. However, the applicant must provide proof that they have accommodation in the Falkland Islands. In addition, these permits are valid for a maximum of 4 years, and then the person can request an extension or a permanent residence permit.


2. Temporary residence permit

 

The people who have this permit and their dependents included in it may request a work permit. In this case, the Employer of record in Falkland Islands carries out the process for the employees you wish to hire. Moreover, the temporary residence permit has a duration of 3 years and the person can obtain it before entering the territory.


3. Permanent residence permit

 

The permanent residence permit allows the holder to enter, leave and reside permanently in the Falkland Islands. In addition, the person who owns this permit, or needs a work permit to work in the country. However, there are established quotas to grant this permission to foreign citizens, which vary each year.


VAT in Falkland Islands

In the Falkland Islands, there is no VAT regime.


Working Hours in Falkland Islands
General

The employment contracts establish regular working hours in the country, manageable with an Employer of record in Falkland Islands. However, in the public sector, the normal schedule is 7 and a half hours; in the private sector, it is 8 hours a day.


Overtime

Through the Employer of record in Falkland Islands you can pay overtime on a prorated basis. In this case, it depends on the hours worked outside the regular hours established in the employee's contract. Also, employees can choose not to work overtime but there must be an agreement in the contract.


Working Week

From Monday to Friday.


Employee Termination in Falkland Islands
Termination Process

Typical termination processes are made easier with the assistance of an Employer of record in Falkland Islands. In this case, employees laid off for economic reasons or company restructuring must receive prior notice. Also, in case of the dismissal of several workers, the employer must carry out a consultation.


Likewise, termination can occur by agreement between the parties but only if both parties benefit. If this is not the case, both must respect the established notice periods.


Notice Period

With HR and payroll outsourcing, you will be able to manage notice periods in the country. In this case, the said period depends on the employee's service time from one month, it is as follows:


  • For a service period of fewer than 2 years, the notice period cannot be less than 1 week.
  • If the period of service is between 2 and 12 years, the period cannot be less than 1 month for each year of work.
  • If the service period is equal to or greater than 12 weeks, the period cannot be less than 12 weeks.


Severance Pay

Pay severance pay with PEO services, which consists of 2 weeks of salary for illegal termination.


Probation Period

According to the employment laws in the Falkland Islands, employment contracts must establish a probation period. Generally, the said period is 3 months but can last up to 6 months. Additionally, an extension of the probation period for any reason requires the written consent of both parties.


Employee Leaves in Falkland Islands
Falkland Islands 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

Workers can self-certify for this sick leave but only for the first 5 days. So if the employee needs more sick days, they will need to get a certified doctor's note. Also, the pay, what you can do with an EOR, varies between employers and then the employee moves on to statutory sick pay.


Paternity Leave

Parents can receive 2 weeks of leave for a percentage of their salary depending on the employer.


Paternal Leave

In the Falkland Islands, there is no legislation for parental leave.


Other Leave

There are no other licenses in the country.


Maternity Leave in Falkland Islands

In the country, female employees are legally entitled to receive 6 weeks of maternity leave with full pay. However, many employers give their employees longer leave, commonly 12 weeks. They can then receive half or a fraction of the salary for said license, which you can pay through a PEO.


There are 42 leave throughout the year.

Falkland Islands famous place - find your EOR

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