Country Guide
Employer Of Record Cape Verde
Capital City
Languages
Currency
Population Size
Employer Taxes
Employee Costs
Payroll Frequency
Expanding to Cape Verde? EOR Services Help You Hire Globally, Pay Locally, and Expand Effortlessly
We act as your Employer of Record in Capa Verde. When it comes to expanding your business abroad, INS Global’s services are perfect for enhancing operational efficiency and ensuring compliance through our professional Employer of Record. Cape Verde and 100+ countries worldwide can all be entered quickly and simply by seamlessly recruiting and managing employees without the need to establish a local entity.
Our Employer of Record services in Cape Verde provide a trustworthy, streamlined, and cost-effective solution for sourcing, hiring, and overseeing local talent from anywhere in the world.
Serving as the local employer to your workers, our dedicated Employer of Record in Cape Verde assumes full responsibility for all HR-related functions on your behalf. This efficient process enables you to enter new markets in as little as a week, saving time and financial resources.
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Why Choose A Global Employer of Record Over Company Incorporation?
Creating a new company takes time but also adds to the cost of expansion in Cape Verde. Employer of Record services streamline the process and allow you to expand in less than a week.
Working with a Cape Verdean Employer of Record…
- Saves time on expansion
- Lowers costs
- Ensures legal compliance
- Allows your team to focus on growing your business
PEO/EOR vs Company Incorporation
The Advantage in Figures
| PEO/EOR | Company Incorporation | |
|---|---|---|
|
|
||
|
Price |
80% Less Expensive |
|
|
Market Entry |
2-5 Days |
6 Months |
|
Employee Turnover |
Decrease by 14% |
|
|
Recommendation |
98% of the Current PEO Clients |
|
|
Administrative Fees |
Saves an Average of $450 |
|
|
Costly Payroll and Compliance Fines |
Help Avoid |
|
|
Company Growth Rate |
7 – 9% |
|
|
ROI |
27% |
|
|
Closed During Pandemic |
-58% |
|
|
|
|
|
PEO/EOR
Company Incorporation
Price
80% Less Expensive
Market Entry
2-5 Days
6 Months
Are You Commited to the Australian Market for More Than 5 Years?
YES
Will You Be Hiring 10+ Employees in Australia?
YES
Can You Delay Hiring Time for Several Months?
YES
Do You Have an Extensive Global Expansion Budget?
NO
Make Use of
EOR Services
YES
Consider Establishing a Foreign Entity in Australia
The Advantages of Using an Employer of Record in Cape Verde
Expand Effortlessly
Establishing a new company in Cape Verde and hiring staff locally can be time-consuming, often spanning weeks, months, or even up to a year in problematic cases. In contrast, partnering with a local Employer of Record in Cape Verde expedites the expansion process, enabling you to enter the Cape Verdean market in as little as a week.
Focus on Growing Your Company
An Employer of Record in Cape Verde takes on the full range of HR-related responsibilities, streamlining your operations and freeing you to concentrate exclusively on the international expansion of your business.
Legal Compliance Assurance
Employer of Record (EOR) services with comprehensive knowledge of Cape Verde can support you in recruiting and overseeing an international workforce while ensuring strict legal compliance. This proactive approach helps you steer clear of costly fines and penalties.
Lower Expansion Costs
Collaborating with an Employer of Record in Cape Verde simplifies global growth while significantly lowering the typical overhead expenses associated with expansion. In particular, avoiding the need to create a new entity in the region allows you to scale your operations without a substantial increase in processing time.
Manage Your HR Online
INS Global offers an effective means for managing your diverse, global workforce online through a modern tool. With our revolutionary cloud-based HR platform, you can easily monitor all your employees remotely.
How Does an Employer of Record In Cape Verde Work?
INS Global’s Employer of Record in Cape Verde helps your company to expand abroad in 4 simple steps.
1
We work with your business to create an expansion plan.
2
Our organization provides the legal entity needed to help find and manage staff.
3
To ensure local compliance during the onboarding process, we handle HR-related tasks such as recruiting contract management, taxes, and payroll.
4
Your employees focus on your goals while we continue to watch for all legal changes and take care of HR and legal compliance.
What is the difference between PEO and Employer of Record Services in Cape Verde?
A PEO (Professional Employer Organization) takes charge of a wide array of human resources tasks, including payroll management, tax compliance, and contract administration. It operates as a strategic HR partner, providing essential support for your workforce needs.
In contrast, an EOR (Employer of Record) bears similarities to a PEO but holds the legal authority to hire and manage employees on your behalf, simplifying the entire process.
With a PEO, the employment contract is directly established between you and the employee, while the PEO firm assists with HR tasks.
Conversely, with an Employer of Record, you maintain control over the employment contract, but it is legally structured between the Employer of Record and the employee, imparting an additional layer of formality and legal validity.
INS GUIDES
Check Our Labor Law Guide
Labor Law in Cape Verde
Employment Contracts in Cape Verde
- Professional employment in Cape Verde starts with a written offer of employment.
- Employers can include a probation period ranging from 6 to 12 months in employment contracts, depending on the nature of the role.
- The employment contract should specify the nature and responsibilities of the employee’s role.
- An employer can end the contract quickly if the employee violates the conditions of their contract.
- Employees are entitled to a minimum of 15 days’ written notice. This notice can be up to a maximum of 2 months, depending on the reasons for termination and the employee’s seniority.
- Severance pay is required for employees who have worked for more than a year. Employers have to pay employees 8.33% of their annual salary for every year of service after their 1st.
Working Hours
- The working week in Cape Verde runs from Monday to Friday.
- Full-time employees generally work 8 hours per day, 44 hours per week.
- Part-time employees work 20 hours per week.
- Employees are entitled to a higher hourly rate for overtime. This is generally 150% of the normal hourly rate.
- Employees working nights are entitled to 125% of the normal hourly rate.
Types Of Leave
Holidays and Annual Leave
- Cape Verde has 11 official national holidays.
- Employees are entitled to a minimum of 22 days of paid vacation.
- Employees can roll over their annual leave to the next year.
Sick Leave
- Sick leave is dependent on the employment contract for each company and employee.
- Employees are entitled to a maximum of 30 days of absence from work for illness.
- Illnesses over 30 days should be examined by the Health Board.
Parental Leave
- According to Cape Verdean law, female employees are entitled to 60 days of consistent maternity leave.
- Female employees are entitled to 80% of their standard salary during this time.
- Male employees are entitled to parental leave equal to the mother in the event of complications or death.
Tax Law
- Employers in Cape Verde are responsible for withholding all taxes and social contributions.
- Employers contribute the equivalent of 15% towards social security.
- Employees contribute the equivalent of 8% towards social security.
- Corporate income tax is set at 22% for companies of all sizes.
- Personal income tax is based on your worldwide earnings. This depends on the amount of income, according to the tax table below.
Income (Cape Verde Escudo CVE) | Tax Rate (%) |
0 CVE – 960,000 CVE | 16.5% |
960,000 CVE – 1,800,000 CVE | 23.1% |
1,800,000 CVE + | 27.5% |
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Frequently Asked Questions
faqs
Many companies expand and establish a local company in every market, but collaborating with a local Employer of Record in Cape Verde is more efficient and cost-effective. Employer of Records possess local expertise and simplify hiring and managing staff on your behalf.
An Employer of Record in Cape Verde handles various HR-related tasks, including payroll processing, tax processing, employment contracts, social security deductions, and more, ensuring local compliance for your entire workforce.
Establishing a new company abroad can take months and slow down the expansion process, but with INS Global’s Employer of Record services, you can hire staff and expand in as little as a week.
Employer of Record services simplify and streamline your expansion plan, and the costs vary depending on your employee‘s salary.
Yes, working with an Employer of Record in Cape Verde is a legal and cost-efficient solution that speeds up your expansion plans while reducing costs.
Salaries are typically paid on a monthly basis for full-time employees, while part-time workers may receive weekly or bi-monthly payments. Employers are responsible for deducting taxes and social contributions.
While recruitment in Cape Verde can be time-consuming and costly, INS Global simplifies and streamlines remote hiring and workforce management, reducing the costs of taking on an international workforce.
Absolutely, an Employer of Record in Cape Verde can find and hire employees from all regions, expanding your international workforce.
Modifications to employment contracts require mutual agreement. A Cape Verdean Employer of Record will ensure compliance with the latest local labor laws.
Absolutely, employers in Cape Verde are responsible for deducting all taxes and social contributions from employee salaries every month.
INS Global customizes its services to your specific expansion needs, assisting you in recruiting and hiring as many or as few employees as necessary.
Severance pay is required for employees who have worked for more than a year. Employers have to pay employees 8.33% of their annual salary for every year of service after the first.
In Cape Verde, you can hire employees for in-person and remote opportunities, ensuring cost efficiency during market entry.
Yes! Our recruitment experts have experience in hiring top talent around the world. We provide support in recruiting, hiring, and managing your workforce in Cape Verde and around the world.
Cape Verde observes 11 public holidays, and most employees are entitled to a paid day off. Working on these holidays usually involves a higher hourly rate.
Employers must adhere to the latest labor laws and regulations to avoid costly penalties and fines. Collaborating with an experienced Employer of Record in Cape Verde ensures local compliance.
Yes! INS Global facilitates the recruitment and management of a diverse workforce, making hiring both Cape Verdean citizens and foreigners simple and efficient.
A Global Employer of Record is an effective solutions for companies like yours that are looking to expand a workforce abroad effortlessly.
This approach allows you to outsource the international hiring process quickly and efficiency, providing access to a global talent pool while still managing payroll compliance in each country.