Ghana
Ghana which translates to “Warrior King is the first country in Sub-saharan Africa to gain independence. From a business perspective, Ghana has a dynamic private sector that is willing to engage with foreign partners.
Slovakia
SLOVAKIA
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.
5.5 MILLION
total population in 2021
107 BILLION USD
expected GDP in 2023
Slovakia (Slovak Republic) is one of the 20 most investor-friendly countries in the world. Since they’ve ended communism and embraced an open market economy, the Slovakian government championed business stabilization and structural reform. Its main cities like Bratislava, Koice, Preov, Ilina, and Nitra are growing rapidly with international investments. The country is the leader of economic progress in Central Europe, with GDP is projected to trend around 107 USD Billion in 2022.
PUBLIC HOLIDAYS:15
- Day of the Establishment of the Slovak Republic – January 1
- Epiphany – varies
- Good Friday – varies
- Easter Monday – varies
- Labor Day – May 1
- Day of the Victory over Fascism – May 8
- St. Cyril and Methodius Day – July 5
- Slovak National Uprising Anniversary – August 29
- Day of the Constitution of the Slovak Republic – September 1
- Day of Our Lady of Sorrows, Patron Saint of Slovakia – September 15
- All Saints´ Day – November 1
- Struggle for Freedom and Democracy Day – November 17
- Christmas Eve – December 24
- Christmas Day – December 25
- St. Stephen’s Day – December 26
SOCIAL SECURITY AND TAXATION
Employer Contribution: 24.4%
Income Tax Rates: 19% – 25%
MINIMUM WAGE
623 Euros per month
WORK HOURS
40 hours per week
OVERTIME RATE
125-135% of the normal rate (150 hours per year maximum)
PROBATIONARY PERIOD
3 months
ANNUAL LEAVE CREDITS
4 weeks
MATERNITY LEAVE
34 weeks
PATERNITY LEAVE
1 month until the child turns 3 years old
SICK LEAVE
10 days (paid)
BONUSES
annual and performance bonuses are common in Slovakia
*Info is not binding, may vary, and is provided only as an indication.
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Other Countries to Explore
Guinea-Bissau
Guinea-Bissau
Guinea-Bissau's economic policies invite foreign investments and business expansion in West Africa. The country’s political stability creates opportunities for international expansion.
Your Global Team Starts Here With Us
Ask our team to design a solution that works directly with your current setup.