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How To Hire New Remote Employees | Equatorial Guinea

Hire employees in

Equatorial Guinea

, easily

Whether you're looking for an independent contractor, a remote team member, or a full-time employee in

Equatorial Guinea

, Workpay can help. Say goodbye to worrying about local laws, complex tax systems or managing international payroll. We take care of it all in over 50 countries.

Book a discovery call
country featured image
Country flag

How To Hire New Remote Employees | Equatorial Guinea

Hire employees in

Equatorial Guinea

, easily

   Whether you're looking for an independent contractor, a remote team member, or a full-time employee in

Equatorial Guinea

, Workpay can help. Say goodbye to worrying about local laws, complex tax systems or managing international payroll. We take care of it all in over 50 countries.

Book a discovery call
Hire employees in
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, hassle-free

With Workpay, your business can easily hire employees in

Equatorial Guinea

.
No more worrying about local laws, complex tax systems or
managing international payroll. Workpay takes care of everything
in 150+ countries.

Book a discovery call
capital city
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currency
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language spoken
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payroll frequency
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employer taxes
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vat - standard rate
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cost of living index
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gdp - real growth rate
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termination process
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employee protections
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Overview

Equatorial Guinea has a population of 1.477 million and is ranked number 31 in Africa according to the nominal GDP ($ 12.53 billion). Equatorial Guinea is one of the fastest-growing economies in Africa after the discovery of natural gas and petroleum. More so, it is transitioning from a  planned economy to a mixed market economy.

capital city
Malabo
currency
Central African Franc (FCFA)
language spoken
Spanish/ French/ Portuguese
payroll frequency
Monthly
employer taxes
22.5 %
vat - standard rate
15%
cost of living index
Low ($1182)
gdp - real growth rate
Per Capital: $ 7,143.24
termination process
Difficult
employee protections
Moderate

Public Holidays

DATE
HOLIDAY NAME

DATE

1 January

7 April

1 May

5 June

8 June

3 August

15 August

12 October

8 December

25 December

HOLIDAY

New Year's Day

Good Friday

Labour Day

President's Day

Corpus Christi

Freedom Day

Constitution Day

Independence Day

Feast of the Immaculate Conception

Christmas Day

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Minimum wage

The minimum wage in Equatorial Guinea is 129,035 Francs per month.

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Payroll cycle

Payroll is done on a regular basis, and providing employees with online payslips is appropriate in Equatorial Guinea.

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Taxation

Employees in Equatorial Guinea pay income taxes according to their incomes as follows;

Taxable Income
Exceeding XAF Not Exceeding XAF Rate %
0 1,000,000 0
1,000,000 3,000,000 10
3,000,000 5,000,000 15
5,000,000 10,000,000 20
10,000,000 15,000,000 25
15,000,000 20,000,000 30
Above 20,000,000 _ 35

Additionally, employers contribute 1% of the gross salary to the work protection fund and 21.5% to social security. On the other hand, employees contribute 0,5% of the net salary to the work protection fund and 4.5% to social security.

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Leaves

Parental Leave

All-female employees are granted 12 weeks of maternity leave, split halfway between before and after birth. There is, however, no statutory paternity leave for male employees in Equatorial Guinea.

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Termination process

In Equatorial Guinea, employees are entitled to severance pay of 45 days’ salary after completing their contract for every year they work. This is equivalent to 3.75 days a month. Notably, a notice is required depending on the reason for termination, and the employer is expected to give valid reasons for the termination. 

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Country presence
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Employee payroll run
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Country flag

Heading

Hire employees in

Equatorial Guinea

, hassle-free

With Workpay, your business can easily hire employees in

Equatorial Guinea

. No more worrying about local laws, complex tax systems or managing international payroll. Workpay takes care of everything in 50+ countries.

Book a discovery call
country featured image
capital city
Malabo
currency
Central African Franc (FCFA)
language spoken
Spanish/ French/ Portuguese
payroll frequency
Monthly
employer taxes
22.5 %
vat - standard rate
15%
cost of living index
Low ($1182)
gdp - real growth rate
Per Capital: $ 7,143.24
termination process
Difficult
employee protections
Moderate

Overview

Equatorial Guinea has a population of 1.477 million and is ranked number 31 in Africa according to the nominal GDP ($ 12.53 billion). Equatorial Guinea is one of the fastest-growing economies in Africa after the discovery of natural gas and petroleum. More so, it is transitioning from a  planned economy to a mixed market economy.

Public Holidays

DATE

1 January

7 April

1 May

5 June

8 June

3 August

15 August

12 October

8 December

25 December

HOLIDAY

New Year's Day

Good Friday

Labour Day

President's Day

Corpus Christi

Freedom Day

Constitution Day

Independence Day

Feast of the Immaculate Conception

Christmas Day

Minimum wage

The minimum wage in Equatorial Guinea is 129,035 Francs per month.

Payroll cycle

Payroll is done on a regular basis, and providing employees with online payslips is appropriate in Equatorial Guinea.

Taxation

Employees in Equatorial Guinea pay income taxes according to their incomes as follows;

Taxable Income
Exceeding XAF Not Exceeding XAF Rate %
0 1,000,000 0
1,000,000 3,000,000 10
3,000,000 5,000,000 15
5,000,000 10,000,000 20
10,000,000 15,000,000 25
15,000,000 20,000,000 30
Above 20,000,000 _ 35

Additionally, employers contribute 1% of the gross salary to the work protection fund and 21.5% to social security. On the other hand, employees contribute 0,5% of the net salary to the work protection fund and 4.5% to social security.

Leaves

Parental Leave

All-female employees are granted 12 weeks of maternity leave, split halfway between before and after birth. There is, however, no statutory paternity leave for male employees in Equatorial Guinea.

Termination process

In Equatorial Guinea, employees are entitled to severance pay of 45 days’ salary after completing their contract for every year they work. This is equivalent to 3.75 days a month. Notably, a notice is required depending on the reason for termination, and the employer is expected to give valid reasons for the termination. 

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