Hire your remote team in Sao Tome and Principe

Only 499 EUR per employee per month

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Hiring a remote team in a country as Sao Tome and Principe 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 Sao Tome and Principe. We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business.

A remote team

1. Hire a remote team in Sao Tome and Principe with Rivermate

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

2. Introduction

Rivermate is a global employment solutions company that provides Employer of Record services in Sao Tome and Principe.

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

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 Sao Tome and Principe or individually hire remote employees in Sao Tome and Principe, 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 Sao Tome and Principe services can best help your company!

3. Hire a remote team in Sao Tome and Principe

The Democratic Republic of Sao Tomé and Principe, also known as Sao Tomé and Principe, is an island country in the Caribbean. The beautiful coasts and fantastic weather make Säo Tomé and Principe a very appealing place to live. The unemployment rate in Säo Tomé and Principe has recently decreased. That is solid evidence of the country's increasing job opportunities. If you enjoy the ocean and want to start over, Säo Tomé and Principe may be the place for you.

4. Cost of living in Sao Tome and Principe

The cost of living in Sao Tome and Principe is $795, or 1.17 times less than the global average. Sao Tome and Principe ranked 103rd out of 197 countries in terms of cost of living and 190th in terms of quality of life.

In Sao Tome and Principe, the average after-tax salary is $129, which is enough to cover living expenses for 0.2 months.

Why is it that living in Sao Tome and Principe costs 6.2 times the average salary? Because we have a reference point of a developed country lifestyle, and maintaining such a standard of living in some least developed countries is difficult and expensive. As a result, the costs of living in Sao Tome and Principe for locals and expats differ significantly.

5. Cost of renting in Sao Tome and Principe

Säo Tomé and Principe is a reasonably priced country to live in. It is a lovely country with beautiful beaches. Because tourism is such an important part of the country, it has a fantastic quality of life. Even though it is a tourist destination, the cost of living is quite low in comparison to most other tourist destinations.

Rent in Säo Tomé and Principe is about average. The cost of renting is heavily influenced by the availability of amenities in and around the housing facility. The cost of renting is less convenient access to amenities. The cost of renting is also affected by the location of your apartment. The cost of renting a one-room apartment versus a two-room apartment is quite different.

The cost of living in Säo Tomé and Principe is moderate. This country has an excellent standard of living to offer. The pleasant weather is an added bonus. Among all of this, the cost of living is quite reasonable.

So Tomém is a city in Tier 1 with the highest cost of living.

Neves, Trindade, Santana, and other tier 2 cities have an average cost of living.

Tier 3 cities with the lowest cost of living include Porto Alegre, Santa Catarina, Santo António, and others.

6. Major industries in Sao Tome and Principe

Agriculture is the most important industry in Säo Tomé and Principe. Cocoa accounts for 95% of agricultural production. Despite being an agricultural nation, its food needs are not completely met because most crops are money crops.

The country of Säo Tomé and Principe is stunning. Foreign investors are investing in Säo Tomé and Principe in order to develop it as a tourist destination. This will benefit the country's tourism industry. With beautiful beaches and vacations, as well as ideal weather, Säo Tomé and Principe have the potential to become a tourist destination.

7. Hiring cost in Sao Tome and Principe

Every recruiting organization considers cost to be extremely important. Before hiring new employees, the following factors are considered.

- Advertisement cost

- Opportunity cost

- Hiring process

- Interview process

8. Employment laws Sao Tome and Principe

The employment laws in Säo Tomé and Principe are very basic. Their structure is not particularly detailed. The following elements are part of the employment laws of Säo Tomé and Principe.

- Working hours

- Compensation

- Leaves

9. Top skills Sao Tome and Principe

The Republic of Sao Tomé and Prncipe is a developing country. Aside from the existing skills, the country is always looking for new talent. Säo Tomé and Principe are looking for people with skills in programming, management, biodiversity, assistance, and hospitality. A plethora of new opportunities are created and presented to qualified individuals.

Major skills and areas which have witnessed a recent growth rate

- Agriculture

- Tourism

- Oil industries

- Fisheries

- Finance

10. Economic landscape in Sao Tome and Principe

The GDP of Säo Tomé and Principe grows at a rate of 4% per year on average. Säo Tomé and Principe's current PPP GDP is US $685 million (14,110.97 million STN). As a result, the per capita income is US $3,220. (66,331.86 STN). However, nominal GDP values are nearly half of PPP GDP. Säo Tomé and Principe's latest nominal GDP is US $355 million (7,312.98 million STN), and the per capita income is US $1,668. (34,360.73 STN).

11. Market size in Sao Tome and Principe

Säo Tomé and Prncipe have a small market share. By discovering the predicted reserves, Säo Tomé and Principe hope to expand their market in the oil sector. Textiles, beer, light construction, timber, soap, and fish processing are the main industries in the Säo Tomé and Principe market. Because it is an island country, Sao Tomé and Principe has a lot of room to grow its fisheries industry. As a result of the economic downturn, Säo Tomé and Principe decided to privatize their agricultural, banking, tourism, and financial sectors.

12. Minimum wage in Sao Tome and Principe

So Tomé and Prncipe's does not have a private sector minimum wage rate. Civil employees are paid a monthly minimum salary of 750,000 So Tomé and Prncipe dobras.

13.Why choose Rivermate to hire your remote team in Sao Tome and Principe?

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

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