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- Basic Facts
- Statutory Labor Requirements
- Employee Income Tax In Brazil
- Employee Social Security In Brazil
- Immigration In Brazil
- Value Added Tax (VAT) In Brazil
- Withholding Tax In Brazil
- Terminating Employee In Brazil
- Statutory Employee Benefits In Brazil
- Payroll In Brazil
- Ease Of Doing Business In Brazil
- Business Opportunities In Brazil Section
- Why Use Global Expansion To Hire Your Employees In Brazil
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BASIC COUNTRY FACTS
Republic of Guinea-Bissau
Bissau
- Portuguese
1.874 million
West African CFA franc
.gw
+245
West African CFA franc
STATUTORY LABOR REQUIREMENTS
Probation Period
- Probation period is typically 3 months.
Annual Leave
- Employees receive 21 days paid annual leave
Public Holidays
- New Year's Day (1st January)
- Heroes' Day (20th January)
- International Women's Day (8th March)
- Labor Day (1st May)
- Eid al-Fitr
- Eid al-Adha
- Pidjiguiti Day (3rd August)
- National Day (25th September)
- Readjustment Movement Day (14th November)
- Christmas Day (25th December)
Maternity Leave
- Female employees receive 60 days of paid leave.
Paternity Leave
- There is no statutory paternity leave
Sick Leave
- Employees receive at least 5 paid days of sick leave
Work Hours
- Standard workday is 8 hours
Overtime
- Evening overtime is paid at 25%, while weekend overtime is paid at 50%
Notice Period
- There is no notice period for a dismissal.
Severance
- Severance pay after a year’s service is 13 days
- Severance pay after 5 years of service is 21.7 days and after 10 years of service is around 43 days
13th Month Salary in Brazil
- No
- There is no statutory requirement to pay the 13th or 14th month salary.
- However, it is customary for employees to be given bonus regularly but they are monthly as opposed to quarterly or attached to holidays.
INCOME TAX
- Corporate income tax in Guinea-Bissau is imposed at a standard rate of 25%
|
Corporate Income Tax |
|
|
Rate (%) |
25% |
IMMIGRATION
- Foreign nationals who plan to travel to Guinea-Bissau will need to obtain a visa, and visa categories in the country include:
- Short-stay visas, which are valid for a maximum of 90 days
- Long-stay visas for extended stays
- Most foreign nationals who travel to Guinea-Bissau for work will need to obtain a long-stay visa.
- Foreign nationals can generally expect the need to provide the following documents if they wish to obtain a visa and travel to Guinea-Bissau:
- A valid passport with at least one blank page for an entry stamp
- Recent passport photos
- Biometric data, including fingerprints
- Proof of vaccination against yellow fever
- Payment of the visa fee
|
Type of Visa/Permit |
Documentation |
Validity |
Eligibility |
|
Tourist Visa |
|
3 months |
|
|
Long-stay Visa |
|
1 year |
|
VALUE ADDED TAX
- The Value Added Tax (VAT) is levied at a standard rate of 15%.
- Exports are zero rated
|
VAT |
|
|
Standard Rate |
15% |
|
Zero Rate |
0% |
WITHHOLDING TAX
Dividends
- Dividends are subject to 30% WHT
Interest
- Interest payments are subject to 15% WHT
Royalties
- Royalties are subject to 0% WHT
|
WHT |
|
|
Dividends |
30% |
|
Interest |
15% |
|
Royalties |
0% |
TERMINATION
- There is no notice period for a dismissal.
- Severance pay after a year’s service is 13 days
- Severance pay after 5 years of service is 21.7 days and after 10 years of service is around 43 days
STATUTORY BENEFITS
- These are mandatory benefits as postulated by law
- These include probationary period, annual leave, public holidays, sick leave, maternity leave, overtime pay, notice period, and severance pay
- Statutory benefits also include social security benefits
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Statutory Benefits |
|
Probationary Period |
|
Annual Leave |
|
Public Holidays |
|
Maternity Leave |
|
Sick Leave |
|
Overtime Pay |
|
Notice Period |
|
Severance Pay |
|
Social Security Benefits |
PAYMENTS AND INVOICING
- All legal entities in Guinea-Bissau must register for tax at the Directorate- General of Taxes and Duties (DGCI) department at Enterprise Drawing Centre (CFE) and obtain a tax identification number (NIF)
- Legal entities must submit annual returns by 30th of April following the end of the fiscal year
EASE OF DOING BUSINESS
- The ease of doing business index is an index created by Simeon Djankov, an economist at the Central and Eastern Europe sector of the World Bank Group.
- Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights.
- According to the World Bank Guinea Bissau ranked 174th in the World in 2019 in terms of ease of doing business.
