SAO TOME AND PRINCIPE
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About São Tomé and Príncipe
Page Last Updated: 04/06/2026
Sao Tome and Principe, situated in the Gulf of Guinea off the coast of Central Africa, is a nation rich in potential business ventures across various sectors. Africa HR Solutions has supported numerous companies in their expansion within the country, preventing compliance issues before they arise and enhancing their overall effectiveness. Do not compromise on compliance and partner up with a São Tomé and Príncipe expert today.
Population: 0.24 M
Gross Domestic Product (GDP): $0.75 B
GDP Growth: 2.9%
Inflation: 14.2%
Foreign Direct Investment (% of GDP): 23.4%
Unemployment Rate: 14.35%
Capital: São Tomé
Currency: São Tomé and Príncipe dobra (STD)
Languages: Portuguese
São Tomé and Príncipe Payroll at a Glance
Currency
São Tomé and Príncipe dobra (STD)
Income Tax
0% - 25%
Employer Taxes
8%
Employee Contribution
6%
Fiscal Year
1 January - 31 December
Date Format
dd/mm/yyyy
Interesting Facts About São Tomé and Príncipe
- São Tomé and Príncipe has a rich cultural heritage, influenced by African, Portuguese, and Afro-Brazilian traditions.
- The economy of São Tomé and Príncipe is largely dependent on agriculture, with cocoa being the primary export crop.
- The country gained independence from Portugal on July 12, 1975.
- São Tomé and Príncipe is known for its lush rainforests, volcanic landscapes, and pristine beaches, making it a popular destination for ecotourism.
- São Tomé and Príncipe is a member of the Economic Community of Central African States (ECCAS) and the Community of Portuguese Language Countries (CPLP).
Public Holidays in São Tomé and Príncipe
- New Year’s Day
- Martyrs’ Day
- Good Friday
- Labour Day
- Independence Day
- Armed Forces Day
- Agricultural Reform Day
- Sao Tome Day
- Christmas
While the content presented on this webpage is accurate as of the time of publication, it is imperative to recognise that the content is provided solely for informational purposes and does not constitute legal and/or tax advice. To obtain the most current and precise guidance, it is essential to verify specific details related to employment or compliance with our experts or consult your own legal and/or tax advisor(s). Africa HR Solutions Ltd. explicitly does not offer legal or tax advice. The information provided is general in nature, not tailored to a specific company or workforce, and does not reflect the service delivery of Africa HR Solutions in any given jurisdiction. Africa HR Solutions makes no representations or warranties regarding the accuracy, completeness, or timeliness of this information and disclaims any liability arising out of or in connection with it, including any loss resulting from the use of or reliance on the information.
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