Employer of Record in 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...
Employer of Record in Madagascar
EOR Solutions in Luxembourg
LUXEMBOURG
Employer of Record
EMPLOYER OF RECORD
Employ is a trusted provider of EOR Solutions in Luxembourg, 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.
642,316
total population in 2021
73.26 BILLION USD
expected GDP in 2023
Luxembourgers enjoy the highest living standards in the world. Hence, they’re known for their outgoing personality. Luxembourg employs 60% of its workforce from overseas. The country stayed strong with its high income, stable economy, and low unemployment and inflation. It’s one of the richest countries that offers international businesses reasonable tax rates.
PUBLIC HOLIDAYS: 14
- New Year’s Day – Jan 1
- Good Friday – varies
- Easter Sunday – varies
- Easter Monday – varies
- Labor Day – May 1
- Europe Day – May 9
- Ascension Day – varies
- Whit Monday – varies
- National Day – June 23
- Assumption Day – August 15
- All Saints’ Day – Nov 1
- All Souls’ Day – Nov 2
- Christmas Day – Dec 25
- St. Stephen’s Day – Dec 26
SOCIAL SECURITY AND TAXATION
Total Employer Contribution: 12.22% to 14.82%
Pension 8.00%
Health Insurance 2.80% to 3.05%
Accident at Work 0.75%
Mutual Health Benefit 0.53% – 2.88%
Health at Work 0.14%
Income Tax Rates: up to 42%
MINIMUM WAGE
2,270 EUR per month (2022)
WORK HOURS
40 hours per week
OVERTIME RATE
150% of the normal rate
PROBATIONARY PERIOD
2 weeks up to 6 months
ANNUAL LEAVE CREDITS
26 days (paid)
MATERNITY LEAVE
20 weeks (paid)
PATERNITY LEAVE
up to 10 days
SICK LEAVE
up to 26 weeks (paid)
BONUSES
13th-month salary plus a half-month salary bonus is a common practice in Luxembourg.
*Info is not binding, may vary, and is provided only as an indication.
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