EOR Tome and Principe
Skuad’s Tome and Principe EOR solutions help with the expansion of business in Tome and Principe. We streamline the process of hiring foreign employees for companies. We offer an automated HR platform that enables organizations to recruit employees without initially setting up a branch office or subsidiary. All the hirings follow the local labor and employment laws of Tome and Principe. The EOR service expedites the hiring process, onboarding remote teams, comprehensive management of payroll, contracts, compensation, and benefits with visa assistance. Skuad accompanied by local allies helps in the efficient management of the hiring process.
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Tome and Principe at a Glance
· Population: 0.2 million (By 2020)
· Currency: Sao Tome and Principe Dobra
· Capital City: Sao Tome
· Languages Spoken: Portuguese
· GDP: 0.42 billion (2017)
Everything You Need to Know Before Applying for Employment in Tome and Principe
The Tome and Principe employment law applies both to the citizens as well as foreign nationals. More or less, laws are similar but there are some differences in terms of entitlements. It is crucial for all the companies planning to start a branch office or subsidiary to be aware of and abide by the other state's laws.
Under Tome and Principe Labour laws, a foreign national can work with organizations and companies following Tome and Principe under the same laws as the citizens of the country. For a foreign national, a valid visa and work permit are necessary for employment. All the companies or subsidiaries by foreign entities owned wholly or partly follow the labor legislation and laws of the country.
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Contractors vs. Full Time Employees
The employment contracts Tome and Principe are crucial for hiring. They are a formal agreement between the employer and employee. The employment contracts are either oral or written but, one should have a well-founded written contract. The employment agreement between Tome and Principe is written in Portuguese and must include information concerning salary, compensation, benefits, and termination grounds.
Skuad offers an employment contract template as a part of the EOR service. The written template is curated abiding by the employment contract law Tome and Principe. Using the EOR services by Skuad does not require the employer to draft a separate template although, it is not mandatory. Our team provides complete assistance to the employer for hiring full-time or contractor employers with templates for a contract form.
Hiring in Tome and Principe
Skuad offers an automated global EOR service to help companies. Further, it assists organizations in hiring employees in Tome and Principe. The services get contoured with a professional HR platform for hiring both full-time as well as contractual employees. As part of EOR service, Skuad extends assistance with payroll management, benefits, compensation, insurance, and termination. EOR service assists in hiring for the companies in Tome and Principe to complete the onboarding process of remote teams. After the hiring formalities are complete, a contract gets signed between the employee and the company. The skuad takes care of all the legal administrative processes for the employees on behalf of the company with employee health benefits Tome and Principe¸ visa assistance, compensation, and others.
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Probation & Termination
The standard probation period in Tome and Principe is on a mutual agreement between the company and the employee. It ranges from 3 to 6 months but thebut, the probationary period cannot extend beyond six (6) months.
The termination of employment Tome and Principe must be in adherence to the labor contract and mostly done under the following circumstances:
- Mutual agreement of both employee and company
- Initiative of the Employee or Employer
- Once the employment contract term is over and not renewed.
- Transfer of employee to another job/organization
However, a notice must be given by either employee or company in advance based on who initiates the termination. The notice period is one(1) month for termination of employment. In some cases, employees can take severance or compensation by way of one month of wages for each year of service.
EOR Solution in Tome and Principe
The skuad makes the Employers of record EOR service for Tome and Principe easy and less complicated. All the processes like foreign hiring and setting up branch offices or subsidiaries adhere to the compliance and labor laws of the country.
As one of the leading employers of record companies in Tome and Principe, Skuad handles everything related to Human Resource Management. The automated HR platform helps with the hiring and onboarding process for the employees, salary survey, employment contract, payroll administration and processing, immigration solution, visa assistance, and building subsidiaries adhering to government compliance. The foreign employees in Tome and Principe are subjugated by the immigration and labor law.
Employer of record service
General Employer of record EOR Service Terms
Types of Visas in Tome and Principe
The Tome and Principe work visa is mandatory to take up employment in the country. The e-visa has a maximum validity of 3 months used for tourism. With the e-visa, a foreign national cannot work in Tome and Principe. The following are the Tome and Principe work visa requirements :
- A passport with a validity of a minimum of 6 months
- The applicant must have a valid job offer in Tome and Principe
- A signed an employment contract with a company based in Tome and Principe
- Letter of Invitation by the company
- Address in Tome and Principe
- Full name, contact, and address of the company in Tome and Principe
- Proof of the employer as a registered company in Tome and Principe
The work visa allows foreign employees to work legally for a locally registered company in Tome and Principe. The employer sponsors the visa. The skuad provides complete assistance in the application of the work visa. It takes ten(10) days to two (2) weeks for processing.
A business visa is a different type of visa that gets issued for business purposes. The business visa for Tome and Principe has a validity of 30 days and takes nearly 3 to 5 days for visa processing. It gets issued for purposes like conferences, meetings, or official business visits.
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The Tome and Principe work permit without a job offer is not issued. An individual is eligible for obtaining a work permit only after a job offer is made and crucial for working legally in the country. Skuad offers EOR service through exceptionally skilled teams and local partners in Tome and Principe. With several local partners, it is easy to obtain a Tome and Principe work permit for foreigners. The easy-to-navigate HR platform from Skuad makes it easy for employers and client companies to recruit foreign employees and manage their daily activities and operations.
Everything You Need to Know about Payroll & Taxes in Tome and Principe
As part of the EOR service, the payroll outsourcing Tome and Principe gets handled by Skuad. The tax and payroll system follows compliance with the rules and regulations of the country. The domain of payroll and taxation are slightly different for the citizens and foreign employees. It might be slightly different for citizens and foreign nationals as well. Foreign employees need to adhere to the rules about income tax, business tax, compensation, insurance, etc. The Tome and Principe payroll tax rates get managed through Skuad’s operations. Outsourcing the payroll means effective management of the company and handling all the payroll and tax-related aspects for the employees. It reduces the overall burden and hassle for the employer company.
The Tome and Principe employer payroll taxes get calculated for both personal income and corporate tax.
Incorporation of Subsidiary and Business
Incorporating a holding company in Tome and Principe or a subsidiary is a complicated process. It requires a complete understanding of the rules and regulations set by the government for starting a branch office or subsidiary. Skuad simplifies the whole process through step-by-step guidance and helps with the incorporation of a subsidiary. The assistance provided with Skuad becoming the local partner for setting up the company in Tome and Principe. The partnership helps understanding small to major details that go into setting up a foreign business, partnering with relevant sources, and hiring employees through the EOR service.
With the help of Tome and Principe PEO, Skuad helped in setting up a subsidiary for the company, abiding and following all the laws. The process becomes easy with the acquaintance of the local laws, documentation & application process, search for the right location, and arranging for all the necessary permits. Skuad helps in setting up functional business in Tome and Principe across multiple sectors. The process of subsidiary set-up in Tome and Principe include the following:
- Completion of the application form required for state registration for the legal entity or subsidiary
- Detailed information on the founder, business activities, and resolution of founded on legal entity establishment
- Copy of a passport for the company set-up
- Payment of the registration fee and obtain a receipt
- Obtain the certificate for state registration and TIN (Tax Identification Number)
- An additional application for the statistic code along with PIN (Social Protection and Pension Number)
There are many business opportunities for Tome and Principe, and to explore its full potential, the correct procedure is to set up a branch office or subsidiary. Once the business gets assembled, the Skuad team helps with all the legal and financial assistance. EOR service streamlines employee recruitment along with management and handling of all the necessary administrative aspects.
Professional Employer Organization (PEO) Services in Tome and Principe
The professional employer organization Tome and Principe offers a comprehensive platform, perfect for small to midsize businesses. Skuad offers both EOR and PEO services across Tome and Principe. Although the EOR and PEO get used interchangeably, both involve different services. Skuad offers PEO services that handle an array of services on behalf of an employer including payroll management and processing, compliance, and record maintenance. The PEO services offer efficient HR administration like managing employer liability, termination assistance, leave, and risk mitigation. The PEO services are involved only in HR services, recruitment, onboarding, payroll, termination, benefit, etc. On behalf of the company, Skuad’s EOR service takes responsibility for the administration and legal responsibility of the employee. EOR is a legal employer responsible for employee management, payroll handling, benefits, compensation, taxes, insurance, etc. The company can legally engage employees in the companies set up in the country with the presence of an EOR partner in Tome and Principe.
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