Engage In Equatorial Guinea

Table of Contents

About Equatorial Guinea

Capital City

Malabo

Population

As of March 2024, the estimated population of Equatorial Guinea is 1.7 million.

Currency

The currency in Equatorial Guinea is the Central African CFA franc (XAF). The currency symbol is F.CFA‎.

Exchange Rate Calculator

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Overview

Equatorial Guinea, officially known as the Republic of Equatorial Guinea, is a country located in Central Africa. It is composed of a mainland region, Rio Muni, and several small islands including Bioko, where the capital city of Malabo is situated. With an estimated population of 1.5 million people in 2021, Equatorial Guinea is an upper middle-income country. The nation is bordered by Cameroon to the north, Gabon to the east and south, and the Gulf of Guinea to the west. Equatorial Guinea is known for its rich natural resources, including arable land and mineral reserves such as gold, uranium, diamond, and columbite-tantalite. However, the discovery of substantial oil and gas deposits in the 1990s has propelled Equatorial Guinea to become one of Sub-Saharan Africa’s major oil producers. Despite its economic potential, the country has faced challenges, including political issues and an uneven distribution of wealth. President Teodoro Obiang Nguema has been in power since 1979, making him the longest-serving leader in Africa. Throughout its history, Equatorial Guinea has been marked by authoritarian rule, human rights concerns, and limited media freedom. However, in recent years, some developments have taken place, such as the appointment of the first female Prime Minister in January 2023. As Equatorial Guinea continues to navigate its path, it remains a country with a complex political landscape, diverse natural resources, and a population striving for progress and inclusive governance.

Employment Relationship

Permanent Employment

Fixed-Term or Specific-Purpose Contracts

Temporary Employment Contratcs

Probationary Period

Working Hours

Holidays / PTO

Statutory Holidays

Paid Annual Leave

Sick Leave

Maternity Leave

Paternity Leave

Termination of Employment

Notice Period

Severance Benefits

Social Security

Pension

Dependents/Survivors Benefit

Invalidity Benefit

Taxation of Compensation and Benefits

Personal Income Tax

Immigration

Types of Visas

Work Permit

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