Talent Wiki - Equatorial Guinea
Your quick guide on talent and labor compliance norms in Equatorial Guinea
Capital
Conakry
Currency
Guinean franc (GNF)
Languages
French
Payroll Frequency
Monthly
GDP per Capita
$5,833
Employer Tax
18%
Talent Overview
The coastal country of Western Africa, Republic of Guinea, has an economy dependent on agriculture and mineral resources. The country is the second largest producer of Bauxite in the world. Almost 75% of the population is engaged in agriculture. The GDP of the country is expected to reach 18 billion USD by the end of 2022. The country has an economic freedom score of 54.2, making it the 129th freest economy.
Major economic hubs:
Conakry, Nzérékoré, Kankan
Skills in demand:
Accountant, Mining related jobs, Human Resource Management
Local Universities
The top local university in Guinea is as follows:
Universidad Nacional de Guinea Ecuatorial (National University of Equatorial Guinea)
Ranking
Local: 1
World: 9996
Salary Data
The average monthly salary of some jobs available in Equatorial Guinea is as follows:
| Job Title | Avg. Monthly Salary (XAF) | Avg. Monthly Salary (USD) |
| Financial Manager | 935,000 XAF | 1525 USD |
| General Manager | 846,000 XAF | 1380 USD |
| Business Development Manager | 723,000 XAF | 1179 USD |
| Financial Analyst | 600,000 XAF | 978 USD |
| Business Analyst | 579,000 XAF | 944 USD |
| Project Manager | 507,000 XAF | 827 USD |
Talent Sourcing Tips
Top Local Job Boards:
Number of LinkedIn users:
180,000
Top Recruitment Agencies:
Employing in Guinea
The employment laws in Guinea are governed by many laws including Amended Labor Code of Republic of Guinea 1991, Labor Code of Republic of Guinea 2014, Social security code 1994, and other conventions. Read forward to gather information on the regulations on working conditions in the country.
Employee Contract:
It is mandatory to have a written contract of employment in the local language, which is French.
Probation period
The usual probationary period followed in Guinea is from 30 days to three months.
Public and Provincial Holidays 2023
| Date | Name | Type |
| 1 Jan | New Year’s Day | National holiday |
| 2 Jan | New Year’s Day observed | National holiday |
| 7 Apr | Good Friday | National holiday, Christian |
| 1 May | Labor Day / May Day | National holiday |
| 5 Jun | President’s Day | National holiday |
| 8 Jun | Corpus Christi | National holiday, Christian |
| 3 Aug | Freedom Day | National holiday |
| 15 Aug | Constitution Day | National holiday |
| 12 Oct | Independence Day | National holiday |
| 8 Dec | Feast of the Immaculate Conception | National holiday |
| 25 Dec | Christmas Day | National holiday, Christian |
Employee Leaves
| Type of Leave | Time Period | Mandatory |
| Annual/Earned Leave | 30 days | Yes |
| Sick Leave | 26 weeks | Yes |
| Maternity Leave | 17 weeks | Yes |
Payroll
Payroll Cycle
Guinea follows a monthly payroll cycle.
Minimum Wage
Guinea follows a statutory minimum wage of GNF 550,000
Overtime Pay
According to the Labor Code of the Republic of Guinea, the extra hours of work beyond the regular 40 hours a week is considered overtime. The working hours, including overtime, is limited to 10 hours a day and 48 hours a week. The weekly overtime pay is as follows:
- 130% of the normal rate for the first four hours of overtime
- 160% of the normal rate for the remaining
Bonus
13th Month Pay
The 13th month pay is not mandatory in Guinea.
Employee Benefits
- Paid vacation leave
- Maternity leave
- Fee-based community healthcare
Taxes
Employer Payroll Tax
| Tax item | Tax contribution |
| Social security (from annual salary) | 18% |
Employee Payroll Tax
| Tax item | Tax contribution |
| Social security (from annual salary) | 5% |
Employee Income Tax
Guinea follows a personal income tax rate of 40%.
VAT
VAT is followed at a standard rate of 18%.
Offboarding & Termination
Except in case of serious misconduct, employees are entitled to at least a 5-day notice stating reasons for dismissal, followed by an interview. Fixed term employees are terminated at the end of the contract period, while infinite term employees’ termination can be initiated by either party.
The notice period for permanent and probationary employees is 5 days.
Employees with a service period of at least 1 year are entitled to severance pay of:
- For hourly wage workers – at least 50 hours wage
- For monthly wage workers – 25% of one month’s wage
Visa and Immigration
To work long term in Guinea, foreign employees need a long term visa. The necessary documents are:
- Valid passport
- Copies of personal information on passport
- Photograph
- Medical certificate stating immunization against yellow fever
