PEO in Libya
Payroll in Libya
EOR in Libya
HR Outsourcing Solutions
in Libya
Delegate Your HR Functions
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About Libya
Page Last Updated: 28/05/2024
Libya has been oil-led economy for decades, but ongoing conflicts and a blockade of oil terminals and oil fields have affected the Libyan economy. The country is currently working on reforms and collaborating with the World Bank and other donors on diversifying the economy and attracting investments, which would also lead to create employment outsourcing opportunities to develop the country.
Many organisations that expand to other economies are faced with cultural, local and policies of the country. This is where Africa HR Solutions can be the right partner to accompany you in your expansion plans. Our team of experts devise an end-to-end HR outsourcing strategy, that includes a range of services such as Professional Employer Organisation (PEO), Employer of Record, payroll solutions and other ancillary support services. With local insights and a global perspective of the employment industry, we ensure your Libya HR outsourcing strategy is perfectly crafted to help you establish in the country even if you do not have a legal entity yet.
Revolution Day
Labour Day
Eid-Ul-Fitr
Arafat Day
Hijri New Year
Martyr’s Day
Prophet’s Birthday
Liberation Day
Independence Day
Population: 52.44 M
Gross Domestic Product (GDP): $104 B
GDP Growth: 5%
Inflation: 6.6%
Foreign Direct Investment (% of GDP): 0.35%
Unemployment Rate: 5.64%
Capital: Nairobi
Currency: Kenyan shilling (KES)
Languages: Swahili, English
Gross Domestic Product (GDP): $104 B
GDP Growth: 5%
Inflation: 6.6%
Foreign Direct Investment (% of GDP): 0.35%
Unemployment Rate: 5.64%
Capital: Nairobi
Currency: Kenyan shilling (KES)
Languages: Swahili, English
Libya Payroll at a Glance
Currency
Burudinan franc (BIF)
Income Tax
0% – 30%
Employer Taxes
9%
Employee Contribution
4%
Fiscal Year
1 July – 30 June
Date Format
dd/mm/yyyy
- Burundi is known for its stunning landscapes, including rolling hills, dense forests, and fertile valleys.
- Historically, Burundi was ruled by a series of monarchies before becoming a German colony in the late 19th century and later a Belgian territory.
- Burundi achieved independence from Belgium on July 1, 1962, becoming a republic with a presidential system of government.
- The country’s economy is primarily agrarian, with coffee and tea production being significant contributors to the country’s GDP.
- Despite challenges, Burundi has made progress in areas such as healthcare and education, with improvements in infant mortality rates and primary school enrolment.
- Unity Day
- President Ntaryamira Day
- Labour Day
- Ascension Day
- Independence Day
- Eid Al Adha
- Assumption Day
- Prince Louis Rwagasore Day
- President Ndadaye’s Day
- All Saints’ Day
- Christmas Day
