Guide to employment, payroll and benefits in

Equatorial Guinea

Rivermate offers complete payroll, benefits and compliance services for

Equatorial Guinea

01. Overview

Last updated: 

August 19, 2021

Currency
Cfa Franc Beac
Capital
Malabo
Ease of doing business
41.1
Language
Spanish
Population
1402985
GDP growth
-4.92%

02. Grow your team in

Equatorial Guinea

with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in

Equatorial Guinea

, particularly if you don't have established local relationships. You can hire employees in

Equatorial Guinea

effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global employment solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

03. Summary

Equatorial Guinea, officially the Republic of Equatorial Guinea, is a country on Central Africa's west coast that spans 28,000 square kilometers. Its post-independence name, which evokes its position near both the Equator and the Gulf of Guinea, was formerly the colony of Spanish Guinea. The country's population was 1,225,367 in 2015. Equatorial Guinea is divided into two parts: an insular region and a mainland region. The Bioko Islands in the Gulf of Guinea make up the insular zone, as does Annobón, a small volcanic island that is the only part of the country south of the equator. Malabo, Equatorial Guinea's capital, is located on Bioko Island, which is the country's northernmost point. Between Bioko and Annobón is the Portuguese-speaking island nation of So Tomé and Prncipe. The mainland area of Ro Muni is bordered on the north by Cameroon and on the south and east by Gabon. Bata, Equatorial Guinea's largest city, and Ciudad de la Paz, the country's planned future capital, are both located here. Corisco, Elobey Grande, and Elobey Chico are only a few of the tiny offshore islands that make up Rio Muni. The African Union, Francophonie, OPEC, and the CPLP are all members of the country. Equatorial Guinea was governed by President for Life Francisco Macas Nguema until he was deposed in a coup in 1979 by his nephew Teodoro Obiang Nguema Mbasogo, who has been president since. Foreign critics have generally portrayed both presidents as dictators. Equatorial Guinea has been one of Sub-Saharan Africa's main oil producers since the mid-1990s. It has since become Africa's richest country per capita, with a gross domestic product per capita that ranks 43rd in the world when adjusted for purchasing power parity; however, the wealth is distributed highly unequally, with just a few people benefiting from the oil wealth. The nation is ranked 144th on the 2019 Human Development Index, with fewer than half of the population having access to safe drinking water and nearly 10% of children dying before reaching the age of five. Equatorial Guinea's government is authoritarian and has one of the worst human rights records in the world, consistently ranking among the "worst of the worst" in Freedom House's annual survey of political and human rights abuses. President Obiang is one of Reporters Without Borders' "predators" of press freedom. Human trafficking is a major issue in the United States. Equatorial Guinea is a source and destination country for forced labor and sex trafficking, according to the Trafficking in Persons Report. Equatorial Guinea "does not entirely meet the minimum requirements for the elimination of trafficking but is making substantial efforts to do so," according to the study.

04. Public holidays

05. Types of leave

Paid time off

After ten years of service, employees are entitled to one month of paid voluntary leave, which raises by one day. Employees of children are entitled to an additional day of paid leave per year before the child reaches the age of 14.

Public holidays

The following public holidays are observed in Equatorial Guinea:New Year’s DayGood FridayLabor DayPresident’s DayCorpus ChristiFreedom DayConstitution DayIndependence DayFeast of the Immaculate ConceptionChristmas Day

Sick days

Employees are entitled to up to 26 weeks of sick days following the third day of absence. If the employer has donated to social insurance in the previous year, this is charged at half the regular rate by social security.

Maternity leave

Maternity leave is granted to female workers for a period of 12 weeks. Six weeks of maternity leave are usually taken prior to the delivery, with the remaining six weeks being taken following the birth. In certain cases, maternity leave will be extended. Social protection provides maternity care to eligible workers.For a pregnancy-related or delivery-related condition, female workers are given extra pre-delivery or post-delivery rest.

Paternity leave

There are no statutory paternity leaves in Equatorial Guinea.

Parental leave

Other than the already mentioned terms regarding maternity and paternity leaves, there are no other provisions in the law regarding parental leave.

Other leave

06. Employment termination

Termination process

Employers and employees both have the right to terminate an employment contract. Depending on the grounds for termination, advance notice may be necessary. In some instances, severance may be required.

Notice period

The notice period is one month.

Severance pay

Severance pay typically ranges between 15 and 45 days' wages per year of service.

Probation period

07. Working hours

General

A typical workweek consists of 48 hours. Employees work an average of eight hours per day, six days a week. For young workers and in certain other circumstances, work hours are reduced.

Overtime

Overtime hours are limited to two per day and 200 per year. Overtime is compensated at a rate of 125 percent of the salary for work performed on a typical day, but may be higher depending on the time of day.

08. Minimum wage

General

According to Equatorial Guinea's labor laws, the monthly minimum wage is 29,035 CFA francs. Employees should receive bonuses after working for your company for a year, including a National Independence Day bonus, 15 days of their salary paid before October 12 of each year, and a Christmas bonus paid before December 24 of each year.

09. Employee benefits

General

Healthcare is scarce, therefore supplemental private insurance is advised.

The country observes ten national holidays, and businesses should provide workers with paid time off on all of them. Employees must get a full month of vacation for each complete year they have worked for your business, according to Article 54 of the Labor Law.

Paid maternity leave is a perk that all female workers are entitled to. Women may take up to six weeks off before giving birth and up to six weeks off after giving birth. If there are medical problems, a competent health authority must approve the employee's return to work before they may do so.

10. Why Rivermate as your Employer of Record / PEO?

Establishing an entity in

Equatorial Guinea

to hire a team takes time, money, and effort. The labor law in

Equatorial Guinea

has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into

Equatorial Guinea

simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record solutions in

Equatorial Guinea

give you peace of mind so you can focus on running your business.

Please contact us if you'd like to learn more about how Rivermate can help you hire employees in

Equatorial Guinea

via our Employer of Record / PEO solution.

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