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Capital City
Malabo
Currency
Central African franc
(
FG
)
Timezone
GMT +2
Payroll Frequency
Tax Year
Employer Tax
Languages
French
Capital City
Malabo
Currency
Central African franc
(
FG
)
Timezone
GMT +2
Payroll Frequency
Tax Year
Employer Tax
Languages
French
Equatorial Guinea has a population of about 1.4 million people, with a GDP per capita of $5,871.32.
The country’s economy is heavily dependent on the oil and gas sector, which accounts for more than 80% of its exports and 60% of its fiscal revenues.
The country also faces a shortage of skilled and qualified workers, especially in the oil and gas sector, which relies heavily on foreign workers.
The country is the second largest producer of Bauxite in the world.
Businesses can only operate smoothly in Equatorial Guinea if they comply with local labor laws including drafting compliant employment contract agreements and meeting taxation and payroll obligations. Learn more about the employment laws and regulations in Equatorial Guinea below, to avoid any compliance issues.
We can help you get a new employee started in Equatorial Guinea quickly, with a minimum onboarding time of just 1-2 working days. The timeline starts once the employee submits all required information onto the Playroll platform and completes any necessary local authority registrations. For non-nationals, the Right to Work assessment (if applicable) may add up to three extra days. Additional time may be needed for follow-ups on this assessment.
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The payroll cycle in Equatorial Guinea is usually Monthly, with employees being paid as stipulated in employment contract.
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In Equatorial Guinea, work permits and visas are essential for employers hiring foreign workers. The process involves submitting applications, paying fees, and meeting specific eligibility criteria. Key visa types include the Temporary Work Visa for short-term employment, the Permanent Work Visa for long-term roles, the Skilled Worker Visa for highly specialized professionals, and the Investor Visa for individuals investing in local businesses. Employers must ensure compliance with labor laws and demonstrate the necessity of hiring foreign workers when sponsoring a visa. The application process includes submitting employment contracts, proof of qualifications, and medical certificates, and processing times can range from a few weeks to several months.
The annual leave entitlement in Equatorial Guinea is 30 days for a full time worker. These can include public holidays on top of that or within those days, which would otherwise be unpaid.
An Employer of Record (EOR) helps businesses manage annual leave, paid time off (PTO), and local holidays across the globe, including in Equatorial Guinea. By partnering with an EOR, companies ensure full compliance with local labor laws in Equatorial Guinea when it comes to annual leave and time-off management. EOR providers like Playroll offer platforms that simplify tracking and managing employee time off in Equatorial Guinea. By outsourcing this responsibility to Playroll, you can streamline leave management, ensure compliance, and free up time to focus on other business priorities.
Disclaimer
THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). Playroll does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect Playroll’s product delivery in any given jurisdiction. Playroll makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.
ABOUT THE AUTHOR
Jesse Weisz
Jesse is an experienced R&D Analyst at Playroll, a leading Employer of Record (EOR) provider. With a strong background in data analysis and market research, Jesse specializes in identifying emerging trends and driving innovation in global HR solutions. She is an all-rounder, critical thinker and success-seeker (often inextricably linked to being a late-night tea drinker).
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