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How To Hire New Remote Employees | Guinea Bissau

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Guinea Bissau

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Guinea Bissau

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Hire employees in
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, hassle-free

With Workpay, your business can easily hire employees in

Guinea Bissau

.
No more worrying about local laws, complex tax systems or
managing international payroll. Workpay takes care of everything
in 150+ countries.

Book a discovery call
capital city
Guinea Bissau
currency
West African franc (CFA)
language spoken
Portuguese, Balanta, Fula, Manjak
payroll frequency
Monthly
employer taxes
14%
vat - standard rate
15%
cost of living index
Low ($423)
gdp - real growth rate
per capita- $809
termination process
Easy
employee protections
Moderate
capital city
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language spoken
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payroll frequency
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employer taxes
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vat - standard rate
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cost of living index
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gdp - real growth rate
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termination process
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employee protections
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Overview

Guinea Bissau has a population of 2.04 million people. It is ranked number 51 in Africa according to the nominal GDP ($ 1.59 billion). Guinea Bissau practices a traditional economic system and relies heavily on farming and fishing.

Public Holidays

1 January- New Year's Day

20 January- National Heroes' Day

8 March- International Women's Day

1 May- Labour Day

3 May- Korité

10 July- Tabaski

3 August- Pidjiguiti Day

24 September- Independence Day

14 November- Readjustment Movement Day

25 December- Christmas Day

Minimum wage

Guinea Bissau minimum wage is set at CFA 19,030 (Central African Francs) per month and a bag of rice.

Payroll cycle

Cycle of Payments
Employees in Guinea Bissau expect to be paid on a monthly basis.

13th Paygrade
Bonuses are not mandated by law in Guinea Bissau, however, some businesses prefer to pay performance-based bonuses.

Taxation

The resident individual tax rates vary depending on annual income as follows; 

1% - for CFA 0-500,000

6% - for CFA 500,001- 1,000,000

8% - for CFA 1,000,001-2,500,000

10%-for CFA 2,500,001-3,600,000

12%- for CFA above 3,600,000

Guinea Bissau corporate income tax is imposed at a standard rate of 25%. Withholding tax is applicable at the rates of 30% on dividends and 15% on both resident and nonresident organizations in the country. 

Leaves

Parental Leave

Guinea Bissau’s female employees are entitled to 60 days paid leave paid by the employer or social security if the employer is covered. There’s no statutory paternity leave in Guinea Bissau.

Termination process

An employment contract can be terminated when the contract period ends if fixed for a certain period by the employer or the employee. The employer may also terminate the contract by consent due to economic reasons. In the case of gross misconduct, an employment contract can be terminated without notice. The employer must give a 40-day notice before any contract termination.

Notice Period

Guinea Bissau notice period follows the following guidelines:  

  • The notice period is 15 days to 2 months based on the level of seniority.

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