Sao Tome & Principe- Employer of Record (EOR)

• Cocoa
• Scrap Vessels
• Oil & Alcohols
• Iron
• Rice

• Belgium
• Poland
• France
• Turkey
• Spain

• $0.6 billion
• 5% growth
• 4% 5-year annual growth
• $3,153 per capita

Unemployment rate: 7.0%

Global Ranking in Economy Progress 2016: 120^th

São Tomé and Príncipe dobra

Portuguese is the official and the national language of the country spoken virtually by all the population.  The Portuguese creole is also common among the people. French and English are also taught in schools.

Sao Tome and Principe is positioned as the 206^th largest export economy in the world where they heavily depend on an agricultural economy. The cocoa production lies on the top of the list. Actually, the economic growth has been wholly driven by cocoa, with strong exports. Cocoa has dramatically increased the local and international investments which propelled the country as one of the main cocoa destinations. However, the oil industry is slowly become an important revenue source accounting around 40% of the country’s income. The tourism industry has also increased the country’s situation. While inciting a more diverse tourism market, Sao Tome and Principe is today able to protect their natural heritages. The main issue is the slow increase in poverty which remains a concern.

Expat Info

Unless you’re a citizen in the country, a visa is required and passport valid 12 months. Do not attempt to enter the country without one. Safety is not an issue in São Tomé and Príncipe but the infrastructures remains modest and not well-kept as in other parts of Africa.