Chad’s economy has been dependent on oil for a number of years, with climate change, security and the increasing number of refugees representing the current vulnerabilities to the country. Despite the challenges facing the country, Chad is focusing on investing in several industries such as infrastructure, health and education.
If your company is planning on expanding to Chad, there will be several in-country challenges to manage including developing an understanding of the legal requirements and cultural practices. With deep know-how in HR outsourcing solutions, Africa HR Solutions is the go-to specialist that is well placed to provide you with the Chad HR and employment outsourcing support you need to facilitate your market entry strategy. Through the delivery of end-to end HR outsourcing services including Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing solutions and ancillary support services, our experts enable your organisation to focus on your core business objectives in Chad, even if you don’t have an established legal entity in-country.
Country Profile - Chad
Population: 15.5 million
Gross Domestic Product (GDP): $11.31 bn
GDP Growth: 2.6 %
Inflation: 3.48 %
Foreign Direct Investment (% of GDP): 5.9 %
Unemployment Rate: 2.2 %
Capital: N’Djamena
Currency: Central African CFA franc
Languages: Arabic, French
Chad's Economy
Chad has been an oil-producing country since 2003. As a landlocked Sahelian country in central Africa, security in Chad is an issue due to its struggles with conflicts arising in border countries and climate change is also causing the desertification and the drying up of Lake Chad. Chad has a significant number of refugees, representing around 4% of the country’s population. Whilst oil volatility presents risks to the economy, Chad looks forward to investing in various sectors of activity such as infrastructure, education and health to boost its economy and minimise risks.
Interesting Facts About Chad
Chad is the largest of the 16 landlocked countries in Africa and the 21st largest nation in the world.
It is the largest hot desert and the 3rd largest desert in the world.
Chad’s staple foods are grains that include millet, sorghum and rice.
The country has a significant amount of gold and uranium.
People speak over 100 different languages and dialects.
Zakouma National Park comprises the ‘Big Five’ game animals of rhinoceros, lion, leopard, elephant and buffalo.
Public Holidays in Chad
New Year’s Day
Easter Monday
May Day
End of the Second World War
Eid ul-Fitr
Independence Day
Eid al-Adha
Proclamation of the Republic
The Prophet’s Birthday
Christmas Day
Employment in Chad
Chad is ranked 182nd on the World Bank’s Ease of Doing Business scale and is concentrating on developing key sectors of its economy such as infrastructure, education, and healthcare. All employees are entitled to vacation, sick, and parental leave. The laws relating to termination of employment agreements, notice periods, and severance pay depend on the years of service. Employers contribute 16.5% of their wages to social security, while employees pay 3.5% of wages. Employees’ income tax rates range between 0% and 30% depending on income levels.
If your company is planning to recruit local workers or hire expats in Chad, Africa HR Solutions has the local insights and global expertise to accelerate your expansion strategy and deliver all employment and payroll-related services in-country. We also assist with crafting and implementing relevant, customised and competitive employee benefit schemes to help our clients attract and retain the right talent.
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