Economic Overview, Central Pacific Fisheries & Seabed Minerals
Nauru utilizes Australian Dollar currency and operates sovereign Pacific tuna fishery licensing and deep-sea mineral exploration.
Key Economic Sectors
- Pacific Tuna Fisheries & PNA Licensing: Sovereign exclusive economic zone tuna licensing revenues.
- Deep-Sea Seabed Mineral Exploration: Nauru Ocean Resources Inc (NORI) exploring seafloor polymetallic nodules.
- Phosphate Processing & Port Infrastructure: Secondary phosphate extraction and maritime port operations.
Employment Contracts, Labor Standards & AUD Currency
Governed by Nauruan Common Law and statutory labor orders.
- Written Contracts: Mandatory in English specifying remuneration and working hours.
- Probation Period: Standard commercial practice is 3 months.
Working Hours, Leave & NRO Employment Tax
- Standard Hours: 40 hours per week (8 hours/day over 5 days).
- Annual Leave: Minimum 10 to 15 working days paid vacation per year.
- Public Holidays: 10 official national public holidays.
- Employment Tax: Flat 10.0% on earnings exceeding AUD $8,400/yr, remitted to NRO.
Why Use an Employer of Record (EOR) in Nauru
- Rapid Pacific Deployment: Onboard marine scientists and project managers in Nauru in days.
- NRO Tax Compliance: Seamless management of Employment Tax withholdings and compliant AUD disbursements.
