Madagascar
Madagascar, an island republic off the coast of southern Africa in the Indian Ocean. France has been the major trading partner of Madagascar since its independence...
Madagascar
Cameroon
CAMEROON
Employer of Record
EMPLOYER OF RECORD
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27.6 MILLION
total population in 2021
38.7 BILLION USD
expected GDP in 2023
Cameroon has the most robust economy in Central Africa. Its GDP is projected to trend around 38.70 USD Billion in 2022. The countries main exports are oil, coffee, cocoa, bananas, oilseeds, and cotton. It ranks among the highest African countries with an educated workforce for businesses.
PUBLIC HOLIDAYS: 12
- New Year’s Day – January 1
- Youth Day – February 11
- Good Friday – varies
- Easter Sunday – varies
- Labor Day – May 1
- Ascension Day – varies
- Djoulde Soumae (End of Ramadan) – varies
- National Day – May 20
- Eid Al Adha (Feast of Sacrifice) – varies
- Assumption Day – August 15
- Birthday of Prophet Muhammed – varies
- Christmas Day – December 25
SOCIAL SECURITY AND TAXATION
Employer Contributions:
Family Allowances: 7%
Pension and Disability: 4.2% National Social Insurance Fund (NSIF)
Work-related Accident and Sickness: 1.75% up to 5%
Income Tax Rates: 11% up to 38.5%
MINIMUM WAGE
36,270 CFA per month
WORK HOURS
8 hours per day
OVERTIME RATE
130% of the normal rate
PROBATIONARY PERIOD
up to 6 months
ANNUAL LEAVE CREDITS
21 days
MATERNITY LEAVE
14 weeks
PATERNITY LEAVE
10 days (paid)
SICK LEAVE
5 days (paid)
BONUSES
13th-month salary is mandated by law to be given at the end of the year
*Info is not binding, may vary, and is provided only as an indication.
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