Hire your remote team in Guinea-Bissau

Name: Hire a remote team in Guinea-Bissau
Brand: Rivermate
SKU: guinea-bissau
Price: 499 EUR
Availability: InStock
Rating: 4.4 (5 reviews)

Only 499 EUR per employee per month

We currently do not offer any services in this country.
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Hiring a remote team in a country as Guinea-Bissau 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 Guinea-Bissau. 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 Guinea-Bissau with Rivermate

Payroll, benefits, taxes, and compliance can be difficult to manage in Guinea-Bissau, particularly if you don't have established local relationships. You can hire employees in Guinea-Bissau 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 Guinea-Bissau.

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

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 Guinea-Bissau or individually hire remote employees in Guinea-Bissau, 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 Guinea-Bissau services can best help your company!

3. Hire a remote team in Guinea-Bissau

Guinea Bissau is one of the world's least developed countries. It is one among the ten poorest countries in the world. It features a combination of public and private economy. Guinea Bissau is presently concentrating on reconstructing public administration, fostering economic diversification, creating the economic environment for private investment, and establishing budgetary discipline. Guinea Bissau has been struck by the COVID-19 epidemic. It would take years for Guinea Bissau to recoup from the losses suffered in 2020.

4. Cost of living in Guinea-Bissau

Guinea-cost Bissau's of living is $628, which is 1.48 times less costly than the global average. Guinea-Bissau scored 135th out of 197 nations in terms of cost of living and 166th in terms of quality of life.

In Guinea-Bissau, the average after-tax wage is $1000, which is enough to pay living costs for 1.6 months.

Why is it so costly to live in Guinea-Bissau? Because we have a reference point of a developed nation lifestyle, and sustaining such a quality of living in certain least developed countries is difficult and costly. As a result, the expenses of living in Guinea-Bissau for residents and foreigners range dramatically.

5. Cost of renting in Guinea-Bissau

In Guinea Bissau, the cost of renting is relatively low. For around US $256.17, you may fit a good one-room apartment in the city (142,665.98 XOF). Renting costs vary based on your location and the size of the room. The amenities offered can have a role in determining the rent of a living unit.

6. Major industries in Guinea-Bissau

Guinea Bissau's financial industry contributes for up to 4% of the country's overall GDP. The Economic Community of West African States regulates this industry (ECOWAS). In the whole nation, there are just four operational banks.

When it comes to contribution to the national economy, the agriculture sector is the most important. This country is mostly known for its rice production. The freshly built cashew crops have boosted the Guinea Bissau market.

7. Hiring cost in Guinea-Bissau

Hiring costs are an important expense for any firm wanting to acquire new employees. This obligatory expenditure is an investment in the organization's future. When allocating funding for recruiting expenditures, the following considerations are considered:

- The interview procedure

- Invested time

- Training and onboarding expenses

- Advertisement expenses

8. Employment laws Guinea-Bissau

Employment laws in Guinea Bissau change depending on the latest market trends and employment litigation.

- Vacation leave

- Sick leave

- Maternity and paternity leave

- Employment termination/severance

- Compensation

- Working hours

- Health insurance benefits

The laws that determine the relationship of the employee with the employer(s) in Guinea Bissau is derived according to:

- National legislation

- Employment contracts

9. Top skills Guinea-Bissau

Guinea Bissau being a developing country, does not have many skilled and talented individuals. That is why Guinea Bissau hires individuals from the international market to fulfil its requirements. This nation is always searching for professional individuals with hands-on experience and vast knowledge that will benefit the organizations in Guinea Bissau to the fullest. Being an agriculture-based nation, Guinea Bissau has a wide range of opportunities in that sector.

The top skills that employers will want to hire employees from Guinea-Bissau are:

- Agriculture

- Mining

- Animal husbandry

- Production

Guinea Bissau does not have a lot of variety when it comes to skills. It is a developing nation with limited resources. But even after that, there are a few cities in Guinea Bissau that have their specialities. This creates excellent work opportunities in cities such as Bissau and Bafata.

10. Economic landscape in Guinea-Bissau

Guinea Bissau's economy is in disarray. It is a fledgling country in western Africa attempting to keep its head above water. Guinea Bissau's PPP GDP is $3.391 billion (1,888.48 billion XOF). As a result, its per capita income is US $1,951. (1,086,532.39 XOF). However, Guinea Bissau's nominal GDP is US $1.480 billion (824.23 billion XOF), with a per capita income of US $851. (473,930.84 XOF).

11. Market size in Guinea-Bissau

Guinea Bissau's economy is mostly dominated by agriculture and fisheries. This country's cashew crop has exploded in recent years. Guinea Bissau ranked ninth in the world for cashew output in 2019. The export industry is another important driver of the Guinea Bissau market. Guinea Bissau is well-known for exporting seafood, palm kernels, lumber, and peanuts to a variety of countries throughout the world.

12. Minimum wage in Guinea-Bissau

The national minimum wage in Guinea-Bissau is 19,030 CFA francs per month and applies to all forms of employment. Also, employees receive a monthly bag of rice on top of their pay.

13.Why choose Rivermate to hire your remote team in Guinea-Bissau?

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