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Expand your global workforce in Equatorial Guinea

Your guide to the employment landscape, working customs and local labor laws in Equatorial Guinea.

Capital

Malabo

Currency

Central African franc (XAF)

Languages

French

GDP per Capita

$5,871.32

Employer Tax

22.5%

Payroll Frequency

Monthly

Talent overview

The coastal country of Western Africa, Republic of Guinea, has an economy dependent on agriculture and mineral resources. The country is the second largest producer of Bauxite in the world. Almost 75% of the population is engaged in agriculture. The GDP of the country is expected to reach 18 billion USD by the end of 2022. The country has an economic freedom score of 54.2, making it the 129th freest economy.

Major economic hubs:

Conakry, Nzérékoré, Kankan

Skills in demand:

Accountant, Mining related jobs, Human Resource Management

Top local universities in Equatorial Guinea

Equatorial Guinea Uni1

Universidad Nacional de Guinea Ecuatorial (National University of Equatorial Guinea)

Ranking

Local: 1

World: 9996

Top Local Job Boards:

Careers in Africa

Number of LinkedIn users:

180,000

Top Recruitment Agencies:

Airswift, Africawork

Where to find talent

Top Local Job Boards:

Number of LinkedIn users:

Top Recruitment Agencies:

Salary Data

The average monthly salary of some jobs available in Equatorial Guinea is as follows:

Job Title Avg. Monthly Salary (XAF) Avg. Monthly Salary (USD)
Financial Manager 935,000 XAF 1525 USD
General Manager 846,000 XAF 1380 USD
Business Development Manager 723,000 XAF 1179 USD
Financial Analyst 600,000 XAF 978 USD
Business Analyst 579,000 XAF 944 USD
Project Manager 507,000 XAF 827 USD

 

Employ in Equatorial Guinea

Employing in Guinea

The employment laws in Guinea are governed by many laws including Amended Labor Code of Republic of Guinea 1991, Labor Code of Republic of Guinea 2014, Social security code 1994, and other conventions. Read forward to gather information on the regulations on working conditions in the country.

Employee Contract:

It is mandatory to have a written contract of employment in the local language, which is French.

Probation period

The usual probationary period followed in Guinea is from 30 days to three months.

Public and Provincial Holidays 2023

Date Name Type
1 Jan New Year’s Day National holiday
2 Jan New Year’s Day observed National holiday
7 Apr Good Friday National holiday, Christian
1 May Labor Day / May Day National holiday
5 Jun President’s Day National holiday
8 Jun Corpus Christi National holiday, Christian
3 Aug Freedom Day National holiday
15 Aug Constitution Day National holiday
12 Oct Independence Day National holiday
8 Dec Feast of the Immaculate Conception National holiday
25 Dec Christmas Day National holiday, Christian

Employee Leaves

Type of Leave Time Period Mandatory
Annual/Earned Leave 30 days Yes
Sick Leave 26 weeks Yes
Maternity Leave 17 weeks Yes

Payroll in Equatorial Guinea

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Payroll cycle

Guinea follows a monthly payroll cycle.

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Minimum wage

Guinea follows a statutory minimum wage of GNF 550,000

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Overtime pay

According to the Labor Code of the Republic of Guinea, the extra hours of work beyond the regular 40 hours a week is considered overtime.  The working hours, including overtime, is limited to 10 hours a day and 48 hours a week. The weekly overtime pay is as follows:

  • 130% of the normal rate for the first four hours of overtime
  • 160% of the normal rate for the remaining

How taxes work

Employer Payroll Tax

Tax item Tax contribution
Social security 22.5%

Employee Payroll Tax

Tax item Tax contribution
Social security 5%

Employee Income Tax

Guinea follows a personal income tax rate of 40%.

VAT

VAT is followed at a standard rate of 18%.

Bonus

13th Month Pay

The 13th month pay is not mandatory in Guinea.

Employee Benefits

  • Paid vacation leave
  • Maternity leave
  • Fee-based community healthcare

Employee offboarding

Except in case of serious misconduct, employees are entitled to at least a 5-day notice stating reasons for dismissal, followed by an interview.  Fixed term employees are terminated at the end of the contract period, while infinite term employees’ termination can be initiated by either party.

The notice period for permanent and probationary employees is 5 days.

Employees with a service period of at least 1 year are entitled to severance pay of:

  • For hourly wage workers – at least 50 hours wage
  • For monthly wage workers – 25% of one month’s wage
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Visa and
immigration

To work long term in Guinea, foreign employees need a long term visa. The necessary documents are:

  • Valid passport
  • Copies of personal information on passport
  • Photograph
  • Medical certificate stating immunization against yellow fever

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150+ countries

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