Equatorial Guinea Planning Social Security Contribution Reduction for New Hires

According to a release published on the official press website for the Government of Equatorial Guinea, Prime Minister Manuel Osa Nsue presented a policy proposal on 1 September 2026 to reduce employer social security contributions for new hires. The government plans to reduce the employer contribution rate from 22.5% to 16%. This is meant to incentivize the creation of formal employment, reduce national unemployment, and make Equatorial Guinea a more attractive and competitive destination f…