HR & Labor
There is no minimum wage, low-paid employees are protected by agreements with certain countries.
December 18: National Day (Founders day)
February 13: National Sports Day
June 15: Eid-al-Fitr (End of Ramadan)
June 16-17: Eid-al-Fitr holiday
August 22: Eid-al-Adha (Feat of Sacrifice)
December 18: National Day (Founders Day)
Employers are required to contribute 10% of employees wages to pension fund.
Employees are required to contribute 5% of their wages to pension fund.
Employees leaving a position are entitled to EOSB (end of service benefits). These benefits are agreed upon mutually between employer and employee, and must equal at least 3 weeks of employees gross salary for each year employed.
Those employed for 1-5 years are required to provide one months notice. Those employed for over 5 years must provide two months notice.
Workers of 1-5 years are entitled to one months notice. Workers of over 5 years are entitled to two months notice.
After three months of employment, workers are entitled to two weeks of sick leave. Upon return from leave, employees must submit a medical certificate.
From 1-5 years of employment, workers are entitled to three weeks of vacation. After 5 years of employment, workers are entitled to four weeks of leave.
Currently, there is no VAT. There are plans to introduce it in the first quarter of 2018.