working-in-gabon

Working in Gabon

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Find out how to get a job and work in Gabon

As the Gabonese economy relies heavily on its petroleum reserves, there are a number of job opportunities across oil production sector. Expats need to obtain a work permit before they start working in Gabon, though. Read on for more information and expat advice on working in Gabon.

Employment in Gabon

Economic Overview

Gabon’s national currency is the CFA Franc. Oil dominates Gabon’s economy; around 46% of the governmental budget is derived from oil revenues, which also account from 43% of Gabon’s GDP. As mentioned, fluctuations in oil prices are therefore highly problematic for the Gabonese economy. In addition to this, some speculators have asserted that the country’s supplies of oil could be dry as early as 2025, though there is some dispute about the accuracy of this statement. 

Although oil revenues have contributed to Gabon’s high economic standing in Africa, this revenue has been famously mismanaged by the government who has been accused of overspending on a number of infrastructure projects. This prosperity has also failed to filter down to the majority of the population, around one third of whom live in poverty. It is suggested that as much a 90% of income is earned by just 20% of the Gabonese population. 

Underdeveloped infrastructure has prohibited the expansion of the economy into other areas such as tourism and agriculture. The incumbent government has stated its intention to attempt to alter this state of affairs. 

Work Permits in Gabon 

Expatriates planning to work in Gabon will require a work permit. The employers apply for a work permit on behalf of the foreign employee, who therefore needs to have a job position before moving to the country.  As an expat, be aware that local workers have priority and only in case of lack of Gabonese suitable workers, a foreigner can be employed.

The status of “resident worker” (for working in Gabon for more than three months) allows working in Gabon for 2 years and requires a residency permit, as well as an authorization of the Labor Ministry.

A temporary work visa is granted to expats working in some specific organizations.

Taxation in Gabon

Corporate taxation in Gabon is as follows:

  • Capital gains: Treated as normal business income and is taxed as such. 
  • Corporate tax
  • Standard company: 30%
  • Oil company: 35%
  • Land development company: 25%

Gabon also has a special tax regime in place for holdings companies. 

With regards to personal taxation, residents are taxed on global net income and non-residents only on their Gabon-source income. Individual taxation is as follows:

  • Capital gains: 20%
  • Income tax: Progressive tax ranging from 0% to 35% dependent on income
  • Property tax: 15% tax based on rental value of properties
  • Social security: 2.5% of salary for an employee, and 20.1% for the employer

Do you want to relocate? If you have never moved abroad, the process will be overwhelming, and if you have, you know the burden that lies ahead. Whatever stage you are at, InterNations GO! can help you with a comprehensive range of relocation services, such as home finding, school search, visa solutions, and even pet relocation. Our expert expat team is ready to get your relocation going, so why not jump-start your move abroad and contact us today? Best to start early!

InterNations GO!
by InterNations GO!
06 December 2018
Relocating
Moving to

Moving to Gabon

Gabon has dedicated 10% of its landmass to being protected national parkland, making it a spectacular destination to move to. And with around 80% of local residents speak French, at least the language should be a big problem for many expats. Read on for more relevant info on moving to Gabon.
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Living

Living in Gabon

Unlike many other African nations in the vicinity, Gabon enjoys a relatively stable political system, as well as prosperous economy. In spite of this, many Gabonese people still live in poverty. However, the relative safety of the nation is a plus for any expatriates thinking of living in Gabon.
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