Employer of Record Sao Tome and Principe
Last updated
- Capital City
- São Tomé
- Languages
- Portuguese
- Currency
- São Tomé and Príncipe Dobra (STN)
- Population Size
- Approximately 220,000
- Employer Taxes
- 0% to 25%
- Employee Costs
- Approximately 2,500 STN
- 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.
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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 |
| 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% | |
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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
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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.
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
Sao Tome and Principe has 10 official national holidays.
Employees are entitled to 30 days of paid annual leave every year.
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.
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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Frequently Asked Questions
Global Employer of Record is an effective solution for companies looking to expand their workforce abroad effortlessly.
This approach allows you to outsource the international hiring process quickly and efficiently, providing access to a global talent pool while still managing payroll compliance in each country.
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