Overview

Capital
Currency
United States Dollar (USD)

Taxes

Employer
2% or 6% - Payroll Tax
4.5% - Social Security
3.75% - Health Insurance
Employee

Minimum Wage

General

Minimum wage is $416 per month.

Mandatory Benefits

Pension Fund
 
Employee contributes: 8.5%

Termination

Termination Process

The default is 2 months, but can be changed to the employers liking.

Advance Notice

Employee must provide 15 days written notice.

Severance Pay

Severance pay is counted at the rate of one week’s wages for each year the employee has worked for the company. The employee also receives vacation payment which is 30 days for each 11 consecutive months worked. Additionally they receive the 13th month payment.