RULES GOVERNING WORKING CONDITIONS

A Company with 10 employees or more is required to prepare and file its Rules Governing Working Conditions with the local office of the Ministry of Labour and Social Welfare. These Rules must cover the following items:

• Working days, holidays (traditional and annual vacation), and overtime;
• Date and place of payments of remuneration;
• Leave of absence, discipline and appeals procedure;
• Termination of employment.

After the Rules have been approved by the Ministry of Labour, the Company must publicly display them for the notice of all its employees. The Rules can be subsequently amended but such amendment must be better for the employees than the original rules.

SOCIAL SECURITY AND COMPENSATION FUND

A Company with 1 employee or more must register for the Ministry of Labour and Social Welfare's compulsory social security and employee compensation funds. Social security payments must be paid monthly by deduction from all employees' salaries with an equal amount paid by the Company. Payment must be made by the 15th of the following month.

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