Economic Overview, Sovereign '.tv' Domain Revenue & Digital Statehood
Tuvalu generates sovereign licensing revenues from the '.tv' domain and pioneers digital nation twin statehood.
Key Economic Sectors
- Sovereign Digital Asset & '.tv' Domain: Global internet domain licensing revenues powering sovereign revenues.
- Pacific Tuna Fisheries Licensing: EEZ fishing access licensing under the Parties to the Nauru Agreement (PNA).
- Climate Science & Resilience: Multilateral coastal adaptation, digital preservation, and solar energy.
Employment Contracts, Labor Standards & AUD Currency
Governed by Tuvaluan Common Law and statutory labor orders.
- Written Contracts: Mandatory in English specifying remuneration and job terms.
- Probation Period: Standard commercial practice is 3 months.
Working Hours, Leave & National Provident Fund (TNPF)
- 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: 11 official national public holidays.
- Social Security (TNPF): Employers contribute 10.0% and employees contribute 10.0% of basic wages (20% total).
Why Use an Employer of Record (EOR) in Tuvalu
- Rapid Pacific Deployment: Onboard climate researchers, digital archivists, and project leads in Funafuti in days.
- TNPF & Tax Automated Compliance: Full management of 10% employer provident fund contributions and local PAYE tax withholdings.
