Employer of Record (EOR) in Macedonia

Macedonia
Rivermate's Employer of Record solution helps companies hire remote employees in
Macedonia
. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

Our Employer of Record solution is beneficial to companies that want to hire remote employees in a breeze. On this page you will be find employment information for
Macedonia
.
Employer of Record people
A coin
Currency
Hong Kong Dollar
A pin
Capital
-
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Region
Asia
Megaphone
Language
Chinese
Hire remote employees
Population
649335
A pile of gold
GDP
$50.36 billion
Line graph
GDP growth
0.091
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Ease of doing business
Planet earth
World GDP share
0.0006

1. Grow your team in Macedonia with Rivermate as your Employer of Record (EOR) / PEO

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

Macedonia

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

Macedonia

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

2. Summary

Macau, often known as Macao, is a Chinese city and special administrative zone located in the western Pearl River Delta near the South China Sea. It is the world's most densely inhabited location, with a population of over 680,000 people and an area of 32.9 km2 (12.7 sq mi).

The land of Portuguese Macau, once a Portuguese colony, was originally leased to Portugal as a trade station by the Ming dynasty in 1557. Up until 1887, Portugal paid an annual fee and controlled the region under Chinese rule. The Sino-Portuguese Treaty of Peking granted Portugal permanent colonial rights. The colony was under Portuguese control until 1999, when it was handed up to China. Macau is a Chinese special administrative territory that maintains distinct governance and economic systems from the rest of the nation under the idea of "one country, two systems." The city's historic center was included on the UNESCO World Heritage List in 2005 due to its unique combination of Portuguese and Chinese architecture.

Originally a thinly inhabited collection of coastal islands, Macau has evolved into a major resort city and a leading casino tourist destination, with a gaming industry seven times greater than that of Las Vegas. The city has one of the greatest per capita incomes in the world, as well as one of the highest GDP per capita by buying power parity. It boasts the world's fourth-highest life expectancy and a very high Human Development Index, according to the Macau government. The region is densely populated; two-thirds of the total land area is developed on the sea-reclaimed ground.

3. Public holidays

4. Types of leave

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

Paid time off

Employees are entitled to 20 to 26 days of paid vacation each year. The number of days is determined by work performance, years of service, and the provisions of the employment contract.


5 years – 20 days

from 5 to 10 years – 21 days

from 10 to 15 years – 22 days

from 15 to 20 years – 23 days

from 20 to 25 years – 24 days

from 25 to 30 years – 25 days

more than 30 years – 26 days

Public holidays

Macedonia recognizes 11 public holidays every year.

Sick days

Employers must pay employees a wage for a period of up to 30 days. Sick leave that lasts more than 30 days is covered by health insurance.


The amount paid by an employer is decided by the length of the illness:


up to 7 days – 70% of the salary

up to 15 days – 80% of the salary

above 15 days – 90% of the salary

Maternity leave

Employees who are pregnant are entitled to 9 months of paid maternity leave through social security, which employers are required to contribute to on a monthly basis. Maternity leave can start 45 days before the due date of the employee.

Paternity leave

Employers must pay employees a wage for a period of up to 30 days. Sick leave that lasts more than 30 days is covered by health insurance.


The amount paid by an employer is decided by the length of the illness:


up to 7 days – 70% of the salary

up to 15 days – 80% of the salary

above 15 days – 90% of the salary

Parental leave

If the woman chooses to take maternity leave, it might be transferred to the father.

Other leave

Marriage Leave: 3 days

Marriage of a child: 2 days

Death of a partner or child: 5 days

Death of a parent or sibling: 2 days

5. Employment termination

There is no information about employment information for this country.

Termination process

According to Macau's Labour Law (Article 72), in the absence of contractual provisions specifying the length of previous notice, or when the length of previous notice specified in the contract is less than the period specified in the notice period, the minimum period of previous notice required to terminate a labour contract shall be fifteen days in the case of employer-initiated rescission; and seven days in the case of employee-initiated rescission. In the event of a fair cause termination, the initiating party is not required to serve prior notice.

Notice period

The minimum period of notice required to terminate a labor contract is fifteen days in the case of employer-initiated rescission and seven days in the case of employee-initiated rescission.

Probation period

The probationary period is 30 days for a term contract and 90 days for an indefinite contract.

Severance pay

According to Macau's Labour Law (Article 70), termination payment is applicable in the event of employer-initiated revocation without just cause.

The employer may rescind the contract at any time, regardless of the reason, in which case the employee is entitled to compensation equal to the following: seven days of basic remuneration if the employment relationship lasts longer than the probationary period and up to one year; ten days of basic remuneration per year of service if the employment relationship lasts longer than one year and up to three years; thirteen days of the basic remuneration per year of service if the labour relation has duration above three years and up to five years; fifteen days of the basic remuneration per year of service if the labour relation has duration above five years and up to seven years; sixteen days of the basic remuneration per year of service if the labour relation has duration above seven years and up to eight years; seventeen days of the basic remuneration per year of service if the labour relation has duration above eight years and up to nine years; eighteen days of the basic remuneration per year of service if the labour relation has duration above nine years and up to ten years; and twenty days of the basic remuneration per year of service if the labour relation has duration of more than ten years.

For the purposes of the preceding paragraph, the length of service of the employee in the calendar year in which the labour relation is terminated shall be calculated by months, in the proportion of one-twelfth for each month or period of less than a month but more than fifteen days.

6. Working hours

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

General working schedule

Overtime

7. Minimum wage

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

As of January 2021, the minimum monthly salary in Macau is 6656 Macanese patacas, or $833 USD. This minimum wage is applicable to security guards and cleaners, and it can help expats better understand Macau's economic situation.

8. Employee benefits

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

Mandatory benefits postulated by law include a probationary period, pay on annual leaves, public holidays, sick leaves, maternity leave, paternity leave, and overtime pay. Statutory benefits also include social security benefits.

9. Taxes

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

Corporate tax

Companies in Macau are imposed a corporate tax rate of 12 percent.

Individual income tax

Taxable persons in Macau are subject to a personal income tax rate between 0 percent and 12 percent. The actual percentage varies depending on the income bracket the individual belongs to.

VAT, GST and sales tax

There is no VAT regime in Macau.

10. VISA and work permits

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

The Government of the Macau Special Administrative Region enables inhabitants of certain countries/territories to visit Macau for tourist or business for durations ranging from 14 to 180 days without the need for a visa. A distinct approach applies for other admission objectives, such as establishing long-term residency.

The Serviço de Migraço (Immigration Department), which is part of the Public Security Police Force, is the government agency in charge of immigration affairs in Macau, while the Public Security Police Force is in charge of implementing immigration regulations.

All visitors must have a passport that is valid for at least one month.

11. Employer Of Record service terms

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

Employment contracts

There is currently no information regarding employment service terms in Macao.

Minimum assignment length

There is currently no information regarding employment service terms in Macao.

Payment currency

Hong Kong Dollar

13.Opening a subsidiary in Macedonia

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

How to set up a subsidiary

Subsidiary laws

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

Establishing an entity in

Macedonia

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

Macedonia

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

Macedonia

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

Macedonia

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

Macedonia

via our Employer of Record / PEO solution.

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