Employer Of Record Equatorial Guinea | INS Global

Employer Of Record Equatorial Guinea

Expanding to Equatorial Guinea? EOR (Employer of Record) Services Help You Hire Globally, Pay Locally, and Expand Effortlessly

Are you thinking about expanding your business in Equatorial Guinea? INS Global introduces Employer of Record (EOR) services, offering a seamless approach to recruiting and managing employees without the need for a local entity. Navigate the intricacies of a globally dispersed workforce and swiftly enter new markets with the guidance of adept HR recruitment and payroll professionals. 

Employer Of Record Equatorial Guinea - Summary

The Advantages of Using an EOR or Professional Employer Organization in Equatorial Guinea

Legal Compliance Assurance

Opt for an Employer of Record (EOR) service well-versed in Equatorial Guinea’s regulatory landscape, ensuring the effective recruitment and supervision of an international workforce. This proactive approach safeguards against potential fines by providing support tailored to Equatorial Guinea’s unique regulations. 

Lower Expansion Costs

Collaborate with an Employer of Record in Equatorial Guinea to expedite and simplify global growth while significantly reducing common expenses associated with expansion. Scale your operations without establishing a new entity in Equatorial Guinea, thereby minimizing overhead costs. 

Focus on Growing Your Company

An Employer of Record in Equatorial Guinea takes on all HR-related responsibilities, streamlining your operations and granting you the flexibility to concentrate solely on the international objectives of your business. 

Expand Effortlessly

Establishing a new company in Equatorial Guinea can be a time-consuming process. However, partnering with a local Employer of Record expedites the expansion process, allowing entry into the Equatorial Guinean market in as little as a week and ensuring a swift and efficient entry point. 

Manage Your HR Online

INS Global provides an efficient means to manage your diverse, global workforce online through an advanced digital platform. Leverage our proprietary cloud-based HR system to easily oversee all your employees and their needs remotely. 

Why Choose an EOR in Equatorial Guinea Over Company Incorporation?

Establishing a new company in a foreign country can be intricate, especially if you are unfamiliar with local regulations. Collaborating with an Equatorial Guinean EOR saves time on expanding your business abroad, lowers expansion costs, ensures local compliance, and allows you to focus on growing your business within Equatorial Guinea’s unique context. 

testimonial from Manuel Ramos

Testimonial

Manuel Ramos

TERAO ASIA

Managing Director

We think INS Global is a good solution about starting in a market like China. Understanding the market doesn’t mean you need to set up a company immediately. 

5/5

How Does an EOR In Equatorial Guinea Work?

INS Global’s EOR in Equatorial Guinea facilitates your company’s expansion abroad in four simple steps specifically tailored to the Equatorial Guinean business environment. 

 

INS Global… 

 

  1. Collaborates with your business to create a customized expansion plan meeting your specific needs. 
  2. Provides the legal entity required to hire local staff or transfer them from abroad, ensuring compliance with Equatorial Guinea’s legal requirements. 
  3. Manages HR-related tasks, including hiring, contract management, and payroll management, ensuring local compliance in Equatorial Guinea. 
  4. Allows your employees to concentrate solely on your goals while we handle continuously changing HR and legal compliance needs. 

What are the Key Differences Between PEO and Employer of Record Services in Equatorial Guinea?

In Equatorial Guinea, Professional Employer Organization (PEO) services handle various Human Resources tasks, serving as strategic HR partners. At the same time, an Employer of Record (EOR) in Equatorial Guinea possesses the legal authority to hire and manage employees on your behalf, streamlining the process in accordance with Equatorial Guinea’s employment regulations.  

INS Global offers both options, ensuring that whether you need an EOR or PEO in Equatorial Guinea, you have the support required to expand comfortably, providing flexibility tailored to Equatorial Guinea’s business environment. 

Labor Law in Equatorial Guinea

Employment Contracts in Equatorial Guinea

  • Professional employment in Equatorial Guinea always starts with an official letter of employment. 
  • In most cases, employers can include 1 month of probation for unqualified workers, 3 months for middle-level technicians, and 6 months for skilled professionals.  
  • An employer can end an employment contract early if the employee violates the conditions of their contract. 
  • Employees are entitled to 1 week’s notice after a month of service and 20 days after 6 months of service. 
  • Severance pay is required for employees and is set at 45 days of pay for every year served if the employee has served longer than a year. 

Working Hours in Equatorial Guinea

  • The working week in Equatorial Guinea runs from Monday to Friday. 
  • Full-time employees generally work 8 hours per day, 48 hours per week. 
  • Employees are not allowed to work more than 40 hours per week without receiving overtime pay. 
  • Employees are entitled to a higher hourly rate for overtime. This is 125% of the basic rate, which increases to 150% for night work and working on public holidays. 

Annual Leave in Equatorial Guinea

  • Equatorial Guinea has 11 official national holidays. 
  • Employees are entitled to 1 month of paid annual leave every year.  
  • After 10 years of service, annual leave will increase by a day per year worked. 

Sick Leave in Equatorial Guinea

  • When an employee is unable to attend work due to illness, they need to get a doctor’s note and present it to HR as soon as possible.  
  • Employees are entitled to up to 3 days of sick leave.  
  • Employees can claim from social security during this time. 

Maternity / Paternity Leave in Equatorial Guinea

  • According to Equatoguinean law, female employees are entitled to 12 weeks of maternity leave, 6 weeks before and 6 weeks after birth. 
  • Maternity leave can be claimed from social security. 
  • Male employees are not entitled to paternity leave. 

Tax Laws in Equatorial Guinea

  • Employers in Equatorial Guinea are responsible for withholding all taxes and social contributions. 
  • Employers contribute the equivalent of 21.5% of the employee’s salary, while employees contribute 4.5% towards social security. 
  • The corporate income tax rate is set at 35% for both local and foreign companies. 
  • Personal income tax ranges from 0% to 35%.  
Employer Of Record Equatorial Guinea

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FAQs

While setting up a local entity is an option, collaborating with a local Employer of Record proves more efficient in Equatorial Guinea. Employer of Record services give you local expertise and offer security by facilitating hiring and staff management on your behalf. 

An Employer of Record in Equatorial Guinea manages various HR tasks, including payroll, tax compliance, employment contracts, and social security contributions, ensuring comprehensive compliance for your entire workforce. 

Establishing a new company abroad can take months to a year, but with INS Global’s EOR services, you can hire employees and expand to a new market in Equatorial Guinea in as little as a week. 

EOR service costs are directly linked to your employee’s salary, calculated as a percentage and covering all HR functions for compliant employment in Equatorial Guinea. 

Yes, collaborating with an Employer of Record in Equatorial Guinea is a legal and efficient solution, simplifying your expansion plans while reducing costs. 

Salaries are typically processed monthly for full-time employees, while part-time workers may be paid weekly or bi-monthly. 

Recruitment in Equatorial Guinea varies in cost, but INS Global simplifies remote recruitment and staff management, reducing the expenses of managing an international workforce. 

An Equatorial Guinean Employer of Record can recruit and hire employees from all regions, facilitating quick expansion across the country. 

Modifications to employment contracts require mutual agreement. 

Yes, employers in Equatorial Guinea are responsible for withholding taxes and social contributions from employee salaries, including an employer’s contribution to each employee’s social security fund. 

INS Global tailors its services to your company’s needs, assisting with recruiting and hiring as many or as few employees as required for your expansion plans. 

Severance pay is required for employees and is set at 45 days of pay for every year served, as long as the employee has served longer than a year. 

In Equatorial Guinea, employees can be hired for both in-person and remote opportunities, allowing for reduced overheads during international expansion. 

Certainly! Our local experts bring extensive experience in finding top talent globally by providing support in recruiting, hiring, and managing your workforce, regardless of your location. 

Equatorial Guinea observes 11 public holidays where employees are entitled to a paid day off. Working on these holidays usually involves a higher hourly rate. 

Employers must adhere to strict labor laws and regulations to avoid costly penalties and fines. Partnering with an experienced EOR in Equatorial Guinea ensures compliance during your expansion. 

Yes! INS Global assists in the recruitment and management of a diverse workforce, simplifying the process of hiring both Equatorial Guinean citizens and foreigners. 

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