How does an employer or self-employed person qualify for a Class 1 or 2 employer?

• Modified on: Fri, 7 Apr, 2023 at 11:50 AM

"To qualify as a Class 1 employer, all three (3) conditions must be met:

Payroll must not exceed USD 150,000 within a financial year;

Annual turnover must not exceed USD 300,000 and

The total number of employees and deemed employees must not exceed seven (7).

An employer or self-employed person who does not qualify as a Class 1 employer is a class 2 employer."