Guinea Conakry has a population of more than 13 million people, with industries including services and agriculture making up a large part of the economy. There are several business entities allowed in Guinea Conakry including limited liability (SARL), public limited liability (SA), and branch or representative offices. The standard corporate tax rate is 35%, with variations based on industry.
Labor and Payroll Considerations:
- There is no national minimum wage, but wages are determined by collective bargaining agreements. Domestic workers must be paid at least 440,000 GNF per month
- Contracts must be written
- Income tax and social security must be withheld from employee pay
- Foreign workers who are not ECOWAS nationals need employment authorization and a visa to work in Guinea Conakry
To get started in Guinea Conakry, or to simplify operations there, Blue Marble can help. Our cloud-based payroll technology and in-country experts ensure compliance with payroll regulations. Learn more