Seeking A Reliable Payroll Partner in Sao Tome and Principe?
With our Sao Tome and Principe Payroll Outsourcing services, your talents are paid on time and without error! Our team at Africa HR Solutions also provides your company with much-needed guidance to ensure that your operations comply with Sao Tome and Principe’s Labor Code and tax policies. Over the years, we have played a pivotal role in the expansion of over 400 clients across Africa by providing reliable HR and payroll and cross-border payment outsourcing solutions.
Sao Tome and Principe Country Overview
Geographic location: Sao Tome and Principe is an island nation located in the Gulf of Guinea off the western coast of Central Africa.
Population: Sao Tome and Principe counts a modest population of around 223,364 inhabitants – most of which speak Portuguese (at roughly 98.4%)
Economy: Agriculture, farming, and industry represent an important part of the country’s GDP. The Republic of Sao Tome and Principe is a lower middle-income country, with a relatively fragile economy.
Payroll in Sao Tome and Principe - What You Should Know
- Population: 223,364
- Gross Domestic Product (GDP): $547,092,915
- GDP Growth (April 2021): 1.8%
- Inflation, consumer prices: 7.9%
- Foreign Direct Investment (% of GDP): 10%
- Unemployment Rate: 15.9%
- Capital: São Tomé
- Currency: São Tomé and Príncipe dobra
- Languages: Portuguese
Employer Contribution
- 8.00% of the employee’s emoluments must be contributed to social security.
Employee Contribution
- 6.00% of the employee’s emoluments must be contributed to social security.
Value-added tax (VAT)
The proposed standard VAT rate is 10% in Sao Tome and Principe.
Paid Time-Off
Employees in Sao Tome and Principe are generally entitled to 26 days of paid annual leave.
Sick Leave
In Sao Tome and Principe, workers can receive up to 360 days of sick leave.
Maternity Leave
In Sao Tome and Principe, women are entitled to a maximum of 60 days of paid maternity leave.
Paternity Leave
There is no statutory paternity leave in Sao Tome and Principe.
In Sao Tome and Principe, the required notice period for termination is 1 month regardless of the employee’s seniority.
Employees in Sao Tome and Principe are entitled to severance pay – generally one month’s salary for each consecutive year of service.
- New Year’s Day (1st January)
- Martyrs’ Day (3rd February)
- Labor Day (1st May)
- Independence Day (12th July)
- Armed Forces Day (6th September)
- Agricultural Reform Day (30th September)
- São Tomé Day (21st December)
- Christmas Day (25th December)
Sao Tome and Principe Payroll Done The Easy Way. The Right Way.
12 Years of Experience
Over more than a decade, Africa HR Solutions has become a leading payroll service provider across Africa with a proven track record of success with over 400 clients across many industries.
Bulletproof Compliance
Ensuring your operations are carried out compliantly is a must. From country-specific regulations to government laws, we make sure your company is up to code with Africa's legislation at all times.
+44 Countries in Africa
Operating in more than 44 countries in Africa, our team of experts gathered the required knowledge and local expertise to handle your needs and demands - wherever, whenever.
Single Point of Contact
Avoid unnecessary headaches and mistakes thanks to our centralized services and manage everything from a single database. A single point of contact for all of your needs across the continent.
Maximize your ROI
It is cheaper to let a third-party organization handle your payroll than to do it yourself. By saving on the overall cost of payroll, you can reallocate your budget elsewhere to promote company growth.
Swift Payroll Implementation
With Africa HR Solutions you are one call away from implementing an accurate and timely payroll operation to ensure your talents are paid on time no matter where they are in Africa.
We Can Help. Just Tell Us How!
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In the last 10 years, the scenario surrounding compliance in African countries has changed dramatically. Africa HR Solutions understands this and has become a major player in the African payroll market.
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