EQUATORIAL GUINEA
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Delegate Your HR Functions To Us in Equatorial Guinea
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About Equatorial Guinea
Page Last Updated: 28/05/2024
Equatorial Guinea, with its rapidly growing economy and strategic location in Central Africa, offers promising business opportunities. Many mid-sized and multinational companies are exploring this vibrant market. If your company plans to expand into Equatorial Guinea but faces challenges with local payroll processes, Africa HR Solutions can assist. Our comprehensive payroll services ensure that your employees are paid accurately and on time, in compliance with local regulations and in any currency required.
Population: 1.59 M
Gross Domestic Product (GDP): $10.71 B
GDP Growth: 0.5%
Inflation: 4.4%
Foreign Direct Investment (% of GDP): 3.81%
Unemployment Rate: 8.50%
Capital: Malabo
Currency: Central African CFA franc (XAF)
Languages: Spanish, French, Portuguese
Gross Domestic Product (GDP): $10.71 B
GDP Growth: 0.5%
Inflation: 4.4%
Foreign Direct Investment (% of GDP): 3.81%
Unemployment Rate: 8.50%
Capital: Malabo
Currency: Central African CFA franc (XAF)
Languages: Spanish, French, Portuguese
Equatorial Guinea Payroll at a Glance
Currency
Central African CFA franc
Income Tax
0% – 35%
Employer Taxes
21.5%
Employee Contribution
4.5%
Fiscal Year
1 January – 31 December
Date Format
dd/mm/yyyy
- Equatorial Guinea is a member of several international Organisations, including the African Union (AU), the United Nations (UN), and the Economic Community of Central African States (ECCAS).
- Education is compulsory and free for children between the ages of 6 and 14, but access to quality education remains a challenge in some areas.
- The country has been investing in infrastructure development, including roads, ports, and public buildings, largely funded by oil revenues.
- The mainland region, Río Muni, is covered with tropical rainforests, while the island of Bioko is volcanic and mountainous.
- Equatorial Guinea is a presidential republic. The President holds significant power, and the country has been criticised for its human rights record and lack of political freedom.
- New Years Day
- Good Friday
- Labour Day
- President’s Day
- Corpus Christi
- Freedom Day
- Constitution Day
- Independence Day
- Feast of the Immaculate Conception
- Christmas Day
Trusted by Inspiring Changemakers.
Africa HR Solutions is for us everything what we have hoped for. Customer- and people oriented, fast and always willing to think along and find the best possible solution. We get professional services and an exceptional single point of contact.
Mirèl SoerNutreco - Middle-East & Africa 
Africa HR Solutions has been a great partner to our organisation, allowing us to quickly expand and operate in new markets while they flag and support management of compliance and risk issues. We now use Africa HR Solutions for support in some capacity in 8 of our geographic locations.
Hilary HanbidgeDirector - VillageReach 
Africa HR Solutions has taken the stress out of compliance - we no longer have to worry about changing regulations. Their team is professional, knowledgeable, and always available. Payroll runs smoothly, which saves us valuable time and our staff appreciates being paid on time! Kudos to the team!
SheilaDirector - Non-Profit Organisation 
Africa HR Solutions is responsive, proactive, and accommodating, even with the time difference. In fact, it works in my favor—they have time to handle tasks before I start my day. Our payroll, especially in Senegal, is complex, but their attention to detail and willingness to go the extra mile definitely stand out.
AldoPayroll and Data Manager - Non-Profit Organisation 
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