Economic Overview, Atlantic Fisheries & Sea Lion Oilfield
The Falkland Islands possesses one of the world's most lucrative marine fisheries, high per capita income, and emerging deepwater offshore oil basins.
Key Economic Sectors
- Commercial Maritime Fisheries: Global squid fisheries and sustainable fisheries licensing in the South Atlantic.
- Offshore Petroleum: Major offshore crude oil basin development (Sea Lion oilfield).
- Fine Wool & Agribusiness: High-grade merino wool production and eco-tourism.
Employment Contracts, Employment Protection Ordinance & Work Permits
Regulated by the Employment Protection Ordinance.
- Written Contracts: Mandatory in English specifying wages, working hours, and repatriation terms.
- Work Permits: Foreign workers require a sponsored Falkland Islands Government (FIG) Work Permit and medical clearance.
Working Hours, Leave & Social Funds
- Standard Hours: 37.5 to 40 hours per week.
- Annual Leave: 4 weeks (20 working days) paid vacation per year.
- Public Holidays: 9 official public holidays (including Liberation Day on 14 June and Peat Cutting Day).
Why Use an Employer of Record (EOR) in the Falkland Islands
- Fast Deployment: Onboard marine scientists and offshore engineers in Stanley in days.
- FIG Tax & Pension Compliance: Automated management of local tax withholdings and retirement pension contributions.
Hiring in Falkland Islands? Key Resources
Whether you are evaluating entity setup vs. using an Employer of Record, or looking for the best international payroll solution, our guides give you transparent benchmarks:
