Hire your remote team in Cabo Verde

Name: Hire a remote team in Cabo Verde
Brand: Rivermate
SKU: cabo-verde
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

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Hiring a remote team in a country as Cabo Verde comes with a lot of overhead, such as compliance, local laws, taxes, etc. As a company, you don't want to worry about knowing all the local laws. Instead you want to focus on your remote team and the business. Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Cabo Verde. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

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1. Hire a remote team in Cabo Verde with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Cabo Verde, particularly if you don't have established local relationships. You can hire employees in Cabo Verde effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

Table of contents

Hire a remote team with Rivermate
Introduction
Hiring a remote team in your country
Cost of living
Cost of renting
Major industries
Hiring cost
Employment laws
Top skills
Economic landscape
Market size
Minimum wage
Why choose Rivermate?

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Cabo Verde.

As an employer of record, we help you hire employees and run payroll services in Cabo Verde, allowing you to avoid the necessity of first establishing a branch office or subsidiary in Cabo Verde.

It is not necessary to establish an entity in order to hire an employee. We can hire your employee in any country with a few mouse clicks. Using our Employer of Record solution, you can have full compliance, benefits, and automated payments.

If you wish to hire a remote team in Cabo Verde or individually hire remote employees in Cabo Verde, Rivermate’s global employer of record services will make sure that the process will be as seamless as possible for you.

Send us a message so we can talk about how Rivermate’s Employer of Record Cabo Verde services can best help your company!

3. Hire a remote team in Cabo Verde

Cape Verde is named after Africa's westernmost point, Cape Verde (French: Cap Vert), which is situated in Senegal and is the nearest point to the continent. Mindelo, on the island of So Vicente, is the main harbor for the islands. Its deepwater port, utilized as a fueling station since the nineteenth century, can handle huge boats.

4. Cost of living in Cabo Verde

Many individuals, both residents and tourists, are choosing to make Cape Verde their home due to its low cost of living and high standard of living. In Cape Verde, a fixed income may go a long way, which is why the government encourages foreigners to retire here.

1. The average rental rate in Cape Verde is between USD 180 and USD 200.

2. The average cost of food and beverages in Cape Verde is between USD 20 and USD 30.

3. The average transportation cost in Cape Verde is between USD 30 and USD 40.

4. The average miscellaneous expense in Cape Verde is between USD 50 and USD 70.

5. Cost of renting in Cabo Verde

The cost of renting in Cape Verde varies depending on location. It ranges between USD 180 and 200 depending on the room, air conditioner, shared room, hotel, and so forth. Living in an apartment is more expensive than living in a shared room.

Many expatriates want to migrate to Cape Verde due to its low living expenses and high quality of life. Financial aid is provided to residents in order to encourage them to retire in Cape Verde. Because of the city's accessibility to adventure, tens of thousands of professional expats opt to relocate to Porto. It's vital to realize that, depending on the city, you'll also come across expat groups of retirees, digital nomads, and local workers.

1. All urban cities, such as Porto Grande, are designated as Tier 1 cities.

2. Only a few cities have been constructed as modified Tier 1 cities. These are emerging capital cities with a remarkable pace of growth. Praia is an example of a Tier 1 town that has been changed.

3. Finally, Tier 3 towns are much smaller in size than Tier 2 cities.

6. Major industries in Cabo Verde

Manufacturing processes must become computerized and intelligent in order to compete in today's industry.

Many factories are transitioning from large-scale to small-batch production.

Productivity increase is aided by new manufacturing technologies and industrial applications.

The term "fourth industrial revolution" refers to the shift from industry 3.0 to industry 4.0, which involves a greater degree of organization and control over the whole product life cycle in order to suit more personalized customer demands.

7. Hiring cost in Cabo Verde

The cost of recruitment is an important factor in deciding whether or not to hire people. The spending patterns of city dwellers, as well as the expense of living in the city, impact their total expenditures. Several variables influence the cost of employing an employee in that city, including:

1. Costs of bureaucracy and recruiting

2. Employee education at the firm

3. The fees you spend for conducting interviews, screening candidates, and eventually finishing the employment opportunity total the same amount.

8. Employment laws Cabo Verde

The minimum salary in Cape Verde is USD 188 per month. Bonuses are optional, although they are frequent.

- Time allocation - The usual workweek in Cape Verde is 44 hours long, with no maximum work hours per day. Employees are entitled to 24 hours of relaxation every week, which is granted on Sundays on average.

- Employees are only allowed to work up to two hours of overtime each day, or 160 hours per year. The yearly limit is extended to 300 with the employee's written approval.

- The eight-hour-a-day guideline does not apply to upper management positions or some highly skilled individuals. These personnel are entitled to premium pay ranging from 20% to 35% of the regular rate.

- Employees between the ages of 16 and 18 must work a typical 38-hour week, with a daily limit of 7 hours. A force majeure incident is one that occurs beyond of the employer's control and stops the employee from working.

- The night shift is usually from 10 p.m. to 6 a.m. Night shift employees get a 25% raise on their base wage. Some employees are entitled to this higher rate of compensation for night labor even after transitioning to a daytime job.

- Vacation time - The corporation provides its workers with 22 days of paid yearly leave. If you are an employee who did not agree to enable your employer to utilize your unused annual leave before the end of the year, you must claim it by the date it was provided.

- An employee with an indefinite employment contract must work for six months to be eligible for paid yearly leave.

- Compassionate leave - On the fourth day, funds are made available to all qualified workers via Cape Verde's social security program. A medical certificate is necessary if the disease lasts longer than 30 days.

9. Top skills Cabo Verde

The job market in Cape Verde is active. Freshman jobs are accessible for individuals who are ambitious and willing. Executive positions are filled by highly experienced and certified industry experts. Talents, depending on the sort of job popular in a certain city, include the following roles:

1. Cashier

2. Copywriter

3. Financial analyst

4. Graphic designer

5. Mobile developer

6. Product manager

7. Receptionist

8. Software engineer

9. Teacher

Praia, Mindelo, Espargous, and Porto Novo are all notable cities. These cities are headquarters of many companies that offer roles such as:

1. Web developer

2. Foreign trade

3. Marketing and management

4. Sales and advertisements

5. Steel

6. Foreign investments

Praia is the nation's talent hotspot. Engineers, doctors, lawyers, architects, and chartered accountants all have several possibilities and employment vacancies.

The populations of Espargous and Porto Novo are small. In these cities, there is a condition or issue of work saturation. However, employment such as carpenter, electrician, and management professional are accessible

Tourists should visit Sal, Bora Vista, and other nearby areas. There are plenty of opportunities in the hotel sector, as a tourist agent, guide, and so on.

Ponta do Sol and Pombas are agricultural towns with many opportunities for farmers, agricultural pest controllers, and other professionals.

10. Economic landscape in Cabo Verde

In 2021, service sectors such as trade, transportation, and public services will account for more than 70% of GDP. While 35% of the population lives in rural regions, agriculture's share of GDP was just 9.2% (down from 8.9% in 2020), with fisheries accounting for only 1.5% of the total in 2021.

11. Market size in Cabo Verde

Cape Verde has a significant statistic for determining an early-stage company's long-term sustainability. Firms with a market capitalization of USD 7 billion or more are often invested in. A market of this size may sustain a firm worth more than USD 2.6 million. Because many early-stage firms are venturing into new markets, determining the size of the overall market for early-stage enterprises is challenging.

12. Minimum wage in Cabo Verde

Cabo Verde's Prime Minister announced an increase in the minimum wage to CVE 15,000 per month in early 2020. This regulatory amendment took effect in 2021.

Employers should compensate employees in the local currency unless otherwise agreed. If internal regulations or collective bargaining agreements (CBAs) establish a different method of compensation, it must be equal to or greater than the minimum wage requirements. When both currency and goods or services are used to compensate, non-cash compensation cannot be more valuable than cash compensation.

13.Why choose Rivermate to hire your remote team in Cabo Verde?

Establishing an entity in Cabo Verde to hire a team takes time, money, and effort. The labor law in Cabo Verde has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Cabo Verde 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 (EOR) solutions in Cabo Verde 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 Cabo Verde via our Employer of Record (EOR) / PEO solution.

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