4. Types of leave

There is no information about the types of leave for this country.
Learn more about 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 Day

Good Friday

Labor Day

President’s Day

Corpus Christi

Freedom Day

Constitution Day

Independence Day

Feast of the Immaculate Conception

Christmas 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

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.

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

5. Employment termination

There is no information about employment information for this country.

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.

Probation period

Severance pay

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

6. Working hours

There is no information about the working hours for this country.

General working schedule

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.

7. Minimum wage

There is no information about the working hours for this country.

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.

8. Employee benefits

There is no information about the working hours for this country.

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.

9. Taxes

There is no information about the working hours for this country.

Corporate tax

The Equatorial Guinea is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.

Individual income tax

The Equatorial Guinea is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.

VAT, GST and sales tax

The Equatorial Guinea is a tax-free jurisdiction. Corporations are not subject to income, capital gains, profit, or other types of direct taxes, regardless of their residency status.

10. VISA and work permits

There is no information about the working hours for this country.

Before you plan a trip to Equatorial Guinea, you should learn about the country's visa policies. Because just 8 nations' citizens may travel to Equatorial Guinea without a visa, you'll almost certainly need to visit the embassy and apply for a visa in person. This procedure may be time-consuming, but it is now your only alternative. Visas on arrival, let alone electronic visas, are not available.

You should check to verify whether you satisfy all of the precise criteria before heading to the embassy to submit your Equatorial Guinea visa application. You can locate them online, but we suggest calling the diplomatic mission directly since they will offer you with the most accurate information. Private websites are not always up to date, which might lead to important visa application mistakes. Nonetheless, we can tell you that you'll need a passport that is valid for at least 6 months after your arrival date in Equatorial Guinea. You should also see your doctor and ask for malaria medicines, since this is a frequent and dangerous infection in the country. For further information, contact the Equatorial Guinean embassy in your country.

11. Employer Of Record service terms

There is no information about the working hours for this country.

Employment contracts

Employment contracts should be written and specify the duration of the contract, the duties, the location of the workplace, the remuneration, and the start date. Within 15 days after signing the agreement, the contract must be registered with the Labor Ministry, and an employee must get a copy of the signed document within three days of registering with the Ministry.

Minimum assignment length

There is no set length for assignments. This is usually indicated in the employment contract for fixed-term employments.

Payment currency

Euro (EUR)

United States Dollar (USD)

Pound Sterling (GBP)

13.Opening a subsidiary in Equatorial Guinea

There is no information about the working hours for this country.

How to set up a subsidiary

You cannot begin setting up your Equatorial Guinea subsidiary until you have determined where you wish to incorporate and what kind of subsidiary is ideal for you. Different areas or towns may function similarly to states in the United States, with its own Equatorial Guinea subsidiary laws and regulations. If you are unfamiliar with the various places, we suggest consulting with a third-party specialist who can assist you in selecting a foreigner-friendly site.

The next step is to choose an entity from Equatorial Guinea's subsidiary choices. You may form a limited liability company (LLC), a public limited company (PLC), or a branch. Each choice has its own set of regulations governing actions, freedoms, and other aspects. If you want to provide a large variety of goods and services, you should form an LLC, while enterprises with a restricted range of operations should form a branch.

The following processes are involved in establishing your Equatorial Guinea subsidiary as an LLC:

(1) Having a notary legalize company statutes

(2) Registering your public deed in the commercial registry

(3) Opening a local bank account and obtaining a bank certificate

(4) Obtaining a certificate of solvency

(5) Obtaining a certificate of fiscal solvency

(6) Applying for authorization of establishment by the Prime Minister

(7) Applying for tax registration

(8) Notifying the Minister of Labor when you start operations

(9) Registering for social security

(10) Applying for registration and obtaining a license with the Department of Small- and Medium-Size Companies at the Ministry of Commerce

(11) Applying for registration and obtaining a license with the Department of Commerce at the Ministry of Commerce

(12) Applying for registration and obtaining a license with the Minister of Development and Planning

(13) Paying required fees into the treasury’s bank account and obtaining a confirmation of the payment

(14) Obtaining a tax identification number (NIF)

(15) Obtaining a registration number with the Ministry of Labor

(16) Obtaining a social security number

Subsidiary laws

The subsidiary laws of Equatorial Guinea vary based on the entity selected. LLCs, for example, need shares, and shareholders' liability is limited by the amount of capital they provide. All foreign-owned LLCs must have at least 35% of their shares and one-third of its directors be nationals of the country. LLCs must also have an auditor produce financial statements, and you must submit an audit every year. To comply with OHADA requirements, all accounting records must be in French and stored at your registered office.

13. Why choose Rivermate as your Employer of Record / PEO in Equatorial Guinea

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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