If you have team members employed through Remote in Belarus and need urgent assistance, please contact your Remote representative.
Employ in Bolivia with ease.
Remote makes employment in Bolivia easy. With our localized contracts, easy invoice management, and best-in-class compliance, you can grow your global team with confidence.
Capital city
La Paz
Currency
Bolivian boliviano
(Bs, BOB)Languages spoken
Spanish, indigenous languages
Services available:
Facts & Stats
The Plurinational State of Bolivia (Estado Plurinacional de Bolivia) is a constitutional unitary state, divided into nine administrative departments.
Bolivia hosts a rich cultural history that’s stretched for over 2,500 years, a multiethnic heritage of 36 indigenous groups, the majestic Andes range (South America’s largest and highest peaks), and rich biodiversity.
Bolivia’s growing economy and its low corporate tax rate are key reasons why companies are increasingly considering expanding into Bolivia.
Capital city
La Paz
Currency
Bolivian boliviano
(Bs, BOB)Languages spoken
Spanish, indigenous languages
Population size
11,428,245 (est. 2019)
Ease of doing business
Medium
Cost of living index
$ (108 of 139 nations)
Payroll frequency
Monthly
VAT - standard rate
13%
GDP - real growth rate
2.2 (2019)
Grow your team in Bolivia with Remote
Looking to employ workers in Bolivia? Companies hiring in Bolivia must either own a legal entity in the country or work with a global employment solutions provider, usually one that provides employer of record services.
Remote can employ your team in Bolivia on your behalf through our local legal entity in the country and handle payroll, benefits, taxes, and compliance for your Bolivia team. You can also pay contractors now in Bolivia with Remote in some currencies (talk to an expert now for full details).
Employing in Bolivia
Bolivia’s Labor General Law of 1942 (Ley General del Trabajo) spells out provisions guiding minimum wage rates, employee protections, workers’ rights, and labor relations across Bolivia.
Employees in Bolivia enjoy protections against discrimination based on age, religion, sexual orientation, gender expression, and race.
Common questions that could come up during the hiring process include minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Bolivia.
Minimum Wage
The Bolivian minimum wage sits at B$ 2,164 per month, or $312.12 per month, which has risen 2% year on year.
Payroll Cycle
For customers of Remote, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.
A 13th month salary payment is required at the end of the year and this payment is equivalent to one month’s pay.
A 14th month salary is also mandatory, but only if the Gross domestic product of the country is over 4.5%. This will be known usually in July of every year and eventually the 14th salary will be paid in December.
Onboarding Time
We can help you get a new employee started in Bolivia fast. The minimum onboarding time we need is only 24 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
Competitive benefits package in Bolivia
At Remote, we’re obsessed with helping you craft the best possible employee experience for your team. We are leading the way in practicing “fair equity,” which means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive (and that will allow you to attract the best local talent).
Our benefits packages in Bolivia are tailored to fulfill the local needs of your employees. Typically, our packages contain some or all of the following benefits:
- Health Insurance
- Dental Insurance
- Vision Insurance
- Mental Health Support
- Pension or 401(K)
- Life and Disability Insurance
Calculate the cost to hire an employee
in Bolivia
Taxes in Bolivia
Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Bolivia.
Employer
25% - corporate tax rate
10% - health insurance
2% - social fund contribution
1.71% - professional risk insurance
3% - employer contribution
Employee
13% - personal income tax rate
10% - social security
1.71% - common risk insurance
0.5% - insured contribution
0.5% - pension fund fee
Types of leave
Paid time off
Employees are entitled to paid annual leave after spending an entire year working for an employer. Leave entitlements depend on the number of years an employee has worked with an employer and are structured as displayed below:
- One to five years of uninterrupted services: 15 working days
- Five to 10 years of uninterrupted services: 20 working days
- More than 10 years of uninterrupted services: 30 working days
Public holidays
Employees are entitled to take national and local holidays off work, and employers are forbidden to negotiate with employees to work on holidays for any remuneration.
Sick leave
Employers are mandated to register their employees with appropriate social security agencies within five days of employment. Sick employees can draw their normal wages from the employer after certification by the social security office, and the employer can, in turn, process refunds from the state for the benefits paid out.
Maternity leave
Female employees are entitled to 90 days of fully paid maternity leave, starting at least 45 days before delivery. In addition, postpartum employees can take an hour’s break to breastfeed, in addition to the mandatory two-hour breaks for all employees.
Employers are mandated to issue a maternity benefit equivalent to one month’s pay to a postpartum employee, as well as pre-natal and nursing subsidies of nutritional items, equivalent to one month’s wages.
Paternity/parental leave
Partners of pregnant employees are not entitled to any paid time off, but rather, are protected from dismissal for one year, counting from their child’s delivery.
Other leave
- Adoption benefits: Adoptive parents are protected from dismissal for a year, starting from the date the adoption decision was finalized.
Employment termination
Termination process
Employees can be terminated without advance notice for just cause, such as exposure of trade secrets, negligence, fraud, etc., but if there is no justifiable reason, the employee can either demand a severance or demand reinstatement.
Severance pay
Faced with an unjustified termination, an employee can either demand reinstatement or accept a severance package equivalent to three month’s wages.
Probation periods
Probation periods can be between 30 days up to a maximum of 90 days, during which an employer can dismiss an employee for unsatisfactory performance.
