Country Guide
Employer of Record Sao Tome and Principe
Capital City
Canberra
Languages
English
Currency
Australian dollar ($, AUD)
Population Size
25,771,300
Employer Taxes
18.45%
Employee Costs
2%
Payroll Frequency
Monthly
Expanding to Sao Tome and Principe? EOR (Employer of Record) Services Help You Hire Globally, Pay Locally, and Expand Effortlessly
Are you considering international expansion? Rather than go through the hassles and complications of opening a new company in Sao Tome and Principe, you can depend on INS Global’s EOR services for comprehensive support. Our skilled Employer of Record in Sao Tome and Principe ensures a smooth process for recruitment and management without the obligation to establish a local entity.
Experience an effective and reliable solution for international expansion by letting us skillfully oversee local talent and enable prompt entry into new markets.
Want to have a Team in Sao Tome and Principe TODAY?
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Why Choose A EOR Over Company Incorporation?
INS Global is your local partner for global Human Resources services. Through our EOR you can set up, hire, and start working in 160+ countries, while cutting through the red tape and costs of global expansion.
A EOR:
- Payment calculation and processing
- Arranging payslips
- Tax calculation and management
- Withholding social security contributions
- Regulatory Compliance Assurance
PEO/EOR vs Company Incorporation
The Advantage in Figures
PEO/EOR
Company Incorporation
Price
80% Less Expensive
Market Entry
2-5 Days
6 Months
The Advantages of Using an EOR in Sao Tome and Principe
Legal Compliance Assurance
Select a service for Employer of Record (EOR) in Sao Tome and Principe to navigate this new regulatory framework effortlessly. This ensures effective recruitment and supervision of your international workforce with a meticulous focus on legal compliance. Proactively shield yourself against potential fines, aligning seamlessly with Sao Tome and Principe’s specific regulations.
Focus on Growing Your Company
An Employer of Record in Sao Tome and Principe takes on comprehensive HR-related responsibilities, streamlining your operations and giving you the freedom to concentrate solely on your business’s international goals.
Expand Effortlessly
Creating a new company in Sao Tome and Principe can be time-consuming, with the required processes taking months in some cases. In contrast, teaming up with a local Employer of Record expedites the expansion process and removes the chance of delays, allowing entry into the local market in as little as a week.
Lower Expansion Costs
Strategically collaborate with an Employer of Record in Sao Tome and Principe to fuel global growth while significantly trimming the typical expenses associated with expansion. Scale your operations without the need to establish a new entity in Sao Tome and Principe.
Manage Your HR Online
Explore INS Global’s cutting-edge digital platform for efficient online management of your diverse global workforce. Our cloud-based HR system allows you to effortlessly oversee all your employees and their needs remotely, perfectly adapted to Sao Tome and Principe’s digital landscape.
How Does an EOR In Sao Tome and Principe Work?
INS Global’s EOR in Sao Tome and Principe streamlines your company’s expansion abroad in four simple steps, intricately aligned with the local business environment:
1
We collaborate with your business to devise a personalized expansion plan.
2
Our organization offers the legal entity for hiring and managing staff, ensuring compliance with Sao Tome and Principe’s legal requirements.
3
We adeptly handle HR related to hiring, contract management, and payroll management, ensuring local compliance in Sao Tome and Principe.
4
Your employees focus on your goals while we manage HR and legal compliance, delivering a seamless experience within Sao Tome and Principe’s business landscape.
What is the difference between PEO and Employer of Record Services in Sao Tome and Principe?
In Sao Tome and Principe, a PEO (Professional Employer Organization) is a strategic HR partner, handling diverse Human Resources tasks.
An EOR (Employer of Record) possesses the legal authority to hire and manage employees on your behalf, streamlining the entire process from start to finish in accordance with Sao Tome and Principe’s regulations.
INS Global provides both choices, ensuring the support you need for comfortable expansion with flexibility tailored to the business environment of Sao Tome and Principe.
INS GUIDES
Check Our Labor Law Guide
Labor Law in Sao Tome and Principe
Employment Contracts in Sao Tome and Principe
- Professional employment in Sao Tome and Principe should always come with an offer letter and a written employment contract.
- Employers can usually include a 6 month probation period in their contracts.
- An employment contract should specify and describe the employee’s role in detail.
- An employer can end the contract early if the employee violates the conditions of their employment contract.
- Employees are entitled to 1 month’s notice for employees serving under 3 years and 2 months’ notice for those serving greater than 3 years.
- Severance pay is required for employees and is generally 1 month’s salary for every year of service.
Working Hours
- The working week in Sao Tome and Principe typically runs from Monday to Friday.
- Full-time employees generally work 8 hours per day, 48 hours per week.
- Employees cannot work more than 40 hours per week without receiving overtime pay.
- Employees are entitled to a higher hourly rate for overtime. This is set at 125% for the first hour and 150% for every additional hour.
Types Of Leave
Holidays and Annual Leave
- Sao Tome and Principe has 10 official national holidays.
- Employees are entitled to 30 days of paid annual leave every year.
Sick Leave
- 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.
- There is no official requirement for sick leave from the labor department.
Parental Leave
- According to Sao Tomean law, female employees are entitled to at least 60 days of maternity leave.
- Maternity leave allowance payments can be claimed from social security.
- Male employees are not entitled to legally mandated paternity leave.
Tax Law
- Employers in Sao Tome and Principe are responsible for withholding all taxes and social contributions.
- Employers contribute the equivalent of 8% of their employee’s social security while employees contribute an additional 6%.
- The corporate income tax rate is set at 28%
- Personal income tax ranges from 0% to 25%, depending on income. The highest rate is for those who earn more than STD 240 million.
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solutions
Frequently Asked Questions
faqs
While setting up a local entity is an option, collaborating with a local Employer of Record in Sao Tome and Principe proves more efficient. Employer of Record services bring the best of local expertise and global reach, facilitating hiring and staff management on your behalf.
An Employer of Record in Sao Tome and Principe 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. Still, with INS Global’s EOR services, you can hire employees and expand to a new market 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 Sao Tome and Principe.
Collaborating with an Employer of Record in Sao Tome and Principe is a legal and efficient solution that simplifies 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 Sao Tome and Principe varies in cost, but INS Global simplifies remote recruitment and staff management, reducing and streamlining the expenses of managing an international workforce.
Absolutely, a Sao Tome and Principe 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 Sao Tome and Principe 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 generally 1 month‘s salary for every year served.
In Sao Tome and Principe, 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.
Sao Tome and Principe observe 10 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 Sao Tome and Principe ensures compliance during your expansion.
Yes! INS Global assists in recruiting and managing a diverse workforce, simplifying the hiring process for Sao Tomean citizens and foreigners.
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.