Gabon is a small country in West Africa that borders the Atlantic Ocean. It's one of the least densely populated countries in the world, with much of the population living in the...
Read MoreGabon is a small country in West Africa that borders the Atlantic Ocean. It's one of the least densely populated countries in the world, with much of the population living in the capital city of Libreville. With major exports such as oil, manganese, uranium, and timber, it's an attractive location for companies looking to expand to Africa.
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Gabon is a small country in West Africa that borders the Atlantic Ocean. It’s one of the least densely populated countries in the world, with much of the population living in the capital city of Libreville. With major exports such as oil, manganese, uranium, and timber, it’s an attractive location for companies looking to expand to Africa.
Globalization Partners makes it easier to expand and hire employees through Gabon payroll outsourcing. Instead of setting up your own Gabon payroll, you can use our existing subsidiary and payroll to start working in a new country in as little as a single day. As the Employer of Record, we’ll even take the compliance off your shoulders.
Setting up your Gabon payroll means following the country’s taxation rules. Employers have to contribute 20.1% of their payroll to social security to fund retirement, work injury, medicine and hospital costs, and family allowances. Employees contribute 2.5% of their earnings to social security and 1% to health insurance. Companies also have to pay corporate taxes at varying rates based on the type of company. For example, standard companies contribute 30%, while oil and mining companies contribute 35% and non-profits, public companies, and a few other entities pay 25%.
Choosing a Gabon payroll option means finding the right structure for your company, including:
The biggest requirement for setting up your Gabon payroll is establishing a subsidiary. Legally, you need to have a registered entity in Gabon before you can set up your payroll, hire employees, and compensate them. However, you won’t have the same requirement when you work with Globalization Partners. We’ll make it easy to start working in a few days, as you can use our existing Gabon payroll to pay employees.
One of the most difficult parts of an expansion is terminating an employment contract. Figuring out the right entitlement and termination terms before you choose a Gabon payroll option can save you time and unnecessary stress. For example, notice periods for terminations depend on how long the employee has worked for your company and can range from 15 days to six months.
The team at Globalization Partners is here to help you expand to Gabon successfully. Contact us today to learn more about Gabon payroll outsourcing.
If you’re ready to grow your business, or you have questions about a specific country, complete the form. One of our experts will be in touch shortly.
