Guinea
Employer of Record (EOR) & Payroll Services in Guinea
Guinea EOR – Your Partner for Seamless Employment Solutions
Africa Deployments Guinea: Your Trusted Employer of Record in Guinea
Africa Deployments Guinea (ADS) offers comprehensive Employer of Record (EOR) services in Guinea, catering to both local and expatriate workers. Our services ensure compliance with local laws while providing your business with the flexibility to hire on fixed-term or full-time contracts. We handle work permits, local contracts, HR best practices, tax remittances, and payroll for smooth business operations.
Key Benefits of EOR in Guinea:
- Full Compliance: ADS ensures adherence to Guinea’s labor laws, tax regulations, and social security requirements.
- Local Expertise: We provide expert advice on local HR practices and handle all administrative tasks related to employment.
- On-time Payroll & Tax Remittance: Salaries are paid on time, and tax & PAYE remittances are managed efficiently.
About Guinea
Guinea, officially known as the Republic of Guinea, is a coastal country in West Africa with a population of approximately 13.5 million. Guinea is renowned for its significant mineral resources, including bauxite, iron ore, gold, and diamonds, contributing to its thriving mining industry.
- Capital: Conakry
- Language: French (official), with several indigenous languages, including Pular, Maninka, and Susu.
- Currency: Guinean Franc (GNF)
- GDP: $16.09 billion (2021)
- Industries: Mining, Agriculture
Employment Contracts in Guinea
Through our Employer of Record (EOR) services, ADS provides the following types of employment contracts in Guinea:
- Fixed-term contracts
- Indefinite-term contracts
Employment contracts in Guinea must comply with the following requirements:
- Written Contracts: All contracts must be in writing and in the official local language and currency.
- Salary/Compensation: Clearly outlined in the contract, including benefits and termination conditions.
- Probation Period: Up to 3 months for full-time employees.
Taxation & Payroll in Guinea
Taxable Income
All income, including salary, overtime, commissions, bonuses, and benefits, is subject to taxation in Guinea. Employees working in Guinea for more than 183 days annually will be taxed based on the applicable local laws.
Income Exempt from Taxes
Certain types of fringe benefits, if not convertible to cash, may be exempt from taxation.
Payroll & Contributions
Employee Contributions:
- Social Security Fund (CNaPS): 8% of salary
- National Health Insurance Fund (CNAM): 4.5%, with a threshold of 33,000 GNF
- National Pension Fund (CNAPS): 1%, for salaries between 33,000 GNF and 133,000 GNF
Employer Contributions:
- Social Security (CNaPS): 16% of salary
- National Health Insurance (CNAM): 4.5%, with a threshold of 33,000 GNF
- National Employment & Vocational Training Fund (FNEF): 2%
Maternity & Paternity Leave in Guinea
- Maternity Leave: Minimum 14 weeks, with 6 weeks post-childbirth being compulsory.
- Paternity Leave: No statutory paternity leave in Guinea.
Annual Leave and Sick Leave in Guinea
- Annual Leave: Employees are entitled to 2.5 days of leave per month, paid by the employer.
- Sick Leave: Employees are entitled to up to 26 weeks of paid sick leave.
Gratuity & Severance in Guinea
- Gratuity for Redundancy: Employees terminated due to redundancy are entitled to severance pay of 1/3 of their monthly salary for each year of service.
- No severance for Resignation: Employees who resign are not entitled to gratuity or severance pay.
Fringe Benefits in Guinea
Fringe benefits can be provided but are subject to employee PAYE tax unless they cannot be converted into cash. If the employer covers certain expenses, like a mobile phone, these will be taxed.
Probation Period in Guinea
The length of probationary periods can vary, usually between 1 to 6 months. During this time, employees can be terminated without compensation if they fail to meet performance standards.
13th Month Pay (Bonus) in Guinea
While not mandatory by law, employees may receive a National Independence Bonus (15 days’ salary) and a Christmas Bonus (15 days’ salary) each year.
Corporate Tax & VAT Rates in Guinea
- Corporate Tax Rate: 25% (general rate)
- VAT / Sales Tax Rate: 18% (on most goods and services)
Public Holidays in Guinea
- January 1 – New Year’s Day
- April 10 – Easter Monday
- April 18 – Lialat-al-Qadar
- April 22 – Korité
- May 01 – Labour Day
- May 25 – Africa Day
- June 29 – Tabaski
- August 15 – Assumption Day
- September 27 – Mouloud
- October 02 – Independence Day
- November 01 – All Saints’ Day
- Decemeber 25 – Christmas Day
Industries We Support in Guinea
Our EOR and payroll services in Guinea support businesses across various sectors, including:
- NGOs & Non-Profit Organizations
- Engineering & Construction
- Oil & Gas
- Mining & Agriculture
- FMCG & Manufacturing
- Finance & Banking
- Private Equity
�
- Contact Us
For detailed assistance with Employer of Record (EOR) services in Guinea, including specific payroll and employment solutions tailored to your needs, contact our team at Africa Deployments.