Eswatini, formerly Swaziland, is a small African country that’s only 81 miles across. 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 payroll, managing the incorporation process, hiring employees, and more.
G-P can help. As a global Employer of Record (EOR), we’ll streamline your payroll needs 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 all matters of compliance are covered.
Taxation rules in Eswatini
Employers in Eswatini must handle employees’ tax under a pay-as-you-earn (PAYE) system. Companies should calculate and process 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.
Eswatini payroll options for companies
You have 3 different Eswatini payroll options to choose from:
- Internal: Companies 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 an additional HR team and set up a local subsidiary.
- Eswatini payroll processing company: A local payroll processing company can take care of outsourcing your payroll. With this option, your company will still be held responsible for compliance matters related to your payroll.
- G-P: The easiest way to run payroll in Eswatini and stay compliant is partnering with an Employer of Record (EOR) like G-P. With us, you can rest assured that all employees will be paid on time, freeing you to focus on other important aspects of your business.
How to set up a payroll in Eswatini
If you choose to set up an internal Eswatini payroll, 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.
G-P eliminates the need to incorporate. We’ll hire employees to work on your behalf and streamline your team’s payroll. You can start working within a few days with this solution, and you won’t have to handle the stress of compliance.
Entitlement/termination terms
We generally recommend researching entitlement and termination terms and including them in an employment contract before setting up payroll. The country allows probationary periods of up to 3 months.
Employers can terminate employees with certain notice periods, which vary depending on how long the employee has worked for a company.
Streamline global payroll management with G-P.
G-P streamlines each step of the payroll management process with our market-leading Global Growth Platform™. Pay your team with confidence anywhere in the world in 150 currencies with our 99% on-time automated payroll system — all with just a few clicks. Our products also integrate with leading HCM solutions, syncing employee payroll data across platforms automatically to create one reliable, convenient source of truth for HR teams.
Contact us to learn more about how we can support you.