Guinea-Bissau
GUINEA-BISSAU

Employer of Record

EMPLOYER OF RECORD

Employ is a trusted provider of Employer of Record (EOR) 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.

2 MILLION

total population in 2022

1.5 BILLION USD

expected GDP in 2022

Guinea-Bissau was once the model for African development. Over the last five years, economic growth in Guinea- Bissau recovers to generate an average growth of 3.1 percent. Its expected GDP in 2022 stands at US$1.5 billion. Guinea-Bissau’s main export is cashew nuts.

PUBLIC HOLIDAYS: 10

  • New Year’s Day – Jan 1
  • National Heroes’ Day – Jan 20
  • Women’s Day – Mar 8
  • Labor Day – May 1
  • Korite – varies
  • Tabaski – varies
  • Pidjiguiti Day – Aug 3
  • Independence Day – Sep 24
  • Readjustment Movement Day – Nov 1
  • Christmas Day – Dec 25

 

SOCIAL SECURITY AND TAXATION

Social Security Program: 14%

Total Employment Cost: 14%

Corporate Income Tax Rates: 25%

 

MINIMUM WAGE

19,030 CFA francs per month 

WORK HOURS

8 hours per day

OVERTIME RATE

125% of the normal rate

PROBATIONARY PERIOD

 3 months

ANNUAL LEAVE CREDITS

30 days (paid)

MATERNITY LEAVE

60 days (paid)

PATERNITY LEAVE

not required by law

SICK LEAVE

5 days (paid)

 

*Info is not binding, may vary, and is provided only as an indication.

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