Eswatini, formerly Swaziland, is a small southern African country that’s only 81 miles across. It has an absolute monarchy and a population of 1.2 million people looking for work. While expanding to Eswatini is an exciting prospect for your company, you still have to think about many different employment factors, such as setting up your payroll, managing the incorporation process, hiring employees, and more.
Globalization Partners can help through Eswatini payroll outsourcing. We’ll handle your payroll through our Employer of Record solution and ensure you meet Eswatini’s compensation laws. As a result, you can achieve greater peace of mind and focus on running your company knowing that we take on matters of compliance.
Taxation Rules in Eswatini
Employers in Eswatini must handle employees’ tax under a Pay As You Earn (PAYE) system. You should calculate and process your taxes on behalf of employees, then send employees a net wage. Employers handle income tax, public health insurance, and other deductions through this payment.
Eswatini does not utilize a social security tax, so employers and employees do not have to contribute to this fund. However, employees are responsible for a poll tax of SZL 1.50 per month in advance and in full on July 1.
Eswatini Payroll Options for Companies
You have four different Eswatini payroll options to choose from:
- Internal: Many subsidiaries may want to operate an internal payroll to pay employees directly. Doing so is a better option for larger companies with the budget to hire additional HR staff than it is for smaller companies.
- Remote: If your parent company already runs its own payroll, you can add your subsidiary’s employees to that same payroll. Remember, however, that the two sets of employees will have different regulations to follow.
- Swaziland payroll processing company: An Eswatini payroll processing company can take care of outsourcing your payroll. With this option, your company will still be held responsible for compliance related to your payroll.
- Globalization Partners: The only Eswatini payroll option that handles both payroll and compliance is Globalization Partners. We’ll set up your Eswatini payroll and act as the Employer of Record.
How to Set Up a Payroll in Eswatini
If you choose to set up your Eswatini payroll yourself, you’ll need to incorporate first. However, the incorporation process depends on the entity you choose and where you incorporate. The entire process could take anywhere from a few weeks to a few months based on these factors.
Globalization Partners eliminates the need to incorporate through Eswatini payroll outsourcing. We’ll hire employees who work on your behalf and add them to our payroll. You can start working within a few days with this solution, and you won’t have to handle the stress of compliance.
We generally recommend researching entitlement and termination terms and including them in an employment contract before working on an Eswatini payroll option. The country allows probationary periods up to three months. Employers can terminate employees with certain notice periods depending on the probationary period and how long the employee has worked for the company.
Payroll Processing Company in Eswatini
Globalization Partners will make your payroll easier with Eswatini payroll outsourcing services. Contact us today to learn more.
THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.