Employer of Record in Kenya
The largest economy in the East and Central African region, Kenya is the chosen eastern gateway to continental Africa and has excellent business trade relationships worldwide...
Employer of Record in Kenya
Employer of Record in Nigeria
EOR NIGERIA
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of Employer of Record in Nigeria solutions for businesses looking to expand in the Asia Pacific, Africa, Europe, and America, covering end-to-end employment services for the remote workforce. We specialize in Outsourced Payroll Services, Remote Staffing, and Visa Services. In addition, we bring a centralized approach to HR management, Payroll & Benefits, and Legal Compliance wherever your staff may be.
213.2 MILLION
total population in 2021
445 BILLION USD
expected GDP in 2023
Nigeria has the potential to become one of the world’s most powerful economies. It boasts the largest population in Africa, with more than 65% of the people under the age of 25. Nigeria’s administration is based on a democratic presidential system, and despite recent socio-political unrest, the future appears to hold more potential. The country is heavily reliant on oil and gas revenues. Nigeria makes an effort to diversify the economy, with consumer goods and retail, real estate, agriculture, and infrastructure all exhibiting significant developments. Its GDP is projected to trend around 445 USD Billion in 2022.
PUBLIC HOLIDAYS: 12
- New Year’s Day – January 1
- Good Friday – varies
- Easter Monday – varies
- Labour Day – May 1
- Children’s Day – May 27
- Id el Fitri – varies
- Democracy Day – June 12
- Id el Kabir – varies
- National Day – October 1
- Id el Maulud – varies
- Christmas Day – December 25
- Boxing Day – December 26
SOCIAL SECURITY AND TAXATION
Pension contributions
- Employer Contribution: 10% (required to give life insurance coverage for employees)
- Employee Contribution: 8%
National Housing Fund (NHF) contributions
- Employee Contribution: 2.5%
Income Tax: 7%-24%
Capital Gains Tax: 10%
MINIMUM WAGE
30000 NGN per month
WORK HOURS
40 hours per week
OVERTIME RATE
150% of normal wage
PROBATIONARY PERIOD
3 to 6 months
ANNUAL LEAVE CREDITS
6 days
MATERNITY LEAVE
4 months
PATERNITY LEAVE
4 months
SICK LEAVE
12 days
BONUSES
There are no statutory requirements for 13th-month salary payments. However, bonuses are common at the discretion of the employer.
*Info is not binding, may vary, and is provided only as an indication.
Your Global Team Starts Here With Us
Ask our team to design a solution that works directly with your current setup.
Other Countries to Explore
Employer of Record in Mauritius
Employer of Record in Mauritius
Mauritius is commonly known as Africa’s Singapore. It is a preferred location for international businesses that like to expand their global reach. The country offers political and economic stability...
Employer of Record in Benin
Employer of Record in Benin
This democratic nation is the 10th youngest population in the world. Around 65% of its people are under 25 years old.
Your Global Team Starts Here With Us
Ask our team to design a solution that works directly with your current setup.