Page Last Updated: 24/05/2024
Algeria is a regional powerhouse in Northern Africa, and presents substantial business opportunities. Numerous mid-sized and multinational companies are capitalising on the potential for growth in this vibrant market. If your company is planning to expand into Algeria and is unfamiliar with the local laws, customs, processes, language, or employment procedures, Africa HR Solutions is here to help. Our dedicated team provides comprehensive outsourcing support to ensure your expansion is smooth and efficient.
We provide comprehensive and customised HR outsourcing support, including services such as Professional Employer Organisation (PEO), Employer of Record, end-to-end payroll solutions and a range of value adding ancillary support services to help you grow your footprint in the Algerian economy, regardless of whether or not your Organisation has an established Algerian legal entity.
Population: 44,616,626
Algerian Dinar (DZD)
0% – 35%
26%
9%
1 January – 31 December
dd/mm/yyyy
The Algerian economy is represented by a concentration of the workforce in secondary and tertiary sectors, despite a large part of the industrial sector being dependent on oil and gas resources. Algeria is a member of the OPEC (The Organisation of the Petroleum Exporting Countries) and its economy relies heavily on hydrocarbon production and trade. The oil and gas industry does not employ a significant workforce, which explains why the majority of the working population operate in the services sector, which in turn contributes to diversifying the economy.
Employees in Algeria are entitled to vacation, sick and parental leave. From a termination perspective, they are generally entitled to 5 days’ notice per year with a maximum limit of 30 days. Taxation rates vary – individuals are taxed between 0% and 35% on their income based on their revenue, whereas for corporates the taxation rate differs depending on the industry type, but up to a maximum limit of 26%.
When recruiting locals or hiring expats in Algeria, corporate benefits are usually scrutinized by prospective candidates as part of the employment package being offered. Working alongside an experienced partner such as Africa HR Solutions will allow you to devise an appropriate and competitive benefit scheme, whilst taking into consideration the country’s regulations and customary procedures.
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