Don’t risk non-compliance with local employment, social insurance, and tax regulations.
Omnipresent provides global employment solutions and professional employment organisation (PEO) services for companies looking to grow and build out a global team in Bolivia. Traditional methods of establishing global employment and subsidiaries in Bolivia typically take months and can incur heavy costs. Omnipresent’s global employment solutions and PEO services is helping hundreds of organisations onboard new employees in Bolivia in a matter of days with full compliance of local labour laws. We use a tech-forward approach to streamline the process.
Employer costs include National Healthcare, Employer Solidarity Contribution, and Housing. Use the OmniCalculator to estimate costs, or contact us for further information.
13% flat rate.
The typical work week in Bolivia consists of 48 hours per week. Those in certain executive roles can contract out of these hours, and are not subject to these limitations. Overtime is usually capped and compensated.
Please note that the below information covers national holidays and should be used for informative purposes only and not as a guarantee for payroll purposes. While we strive to offer you accurate information, public holidays are subject to frequent changes and can be dependent on regional differences. Should you need more detailed information on public holidays, please consult the government pages of the state and/or the local municipality of your employee.
Sick leave is paid from the fifth day of illness for a period of 26 weeks within a 1-year time period (employee must provide a medical certificate proving illness).
If medical care can be proven to prevent permanent disability, the sick leave may be extended for another 26 weeks. For common illnesses: 100% of salary is paid (the employer is entitled to be reimbursed 75% from social security).
Maternity leave: Female employees are entitled to 90 days of paid leave, of which pay is 100% of the national minimum wage (the employer is entitled to receive a 90% reimbursement from Social Security). Mothers are entitled to further maternity benefits and allowances.
Paternity leave: Male employees are entitled to 3 days of paid paternity leave.
Employees in Bolivia are only entitled to annual leave after one year of continuous employment. Annual leave ranges between 15-30 working days depending on years of service.
Severance for unjustified dismissal is equal to 1 month's pay for each year of service.
There are a range of legal reasons that an employer can use to terminate an employment relationship in Bolivia, which depend on the specific circumstances.
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The benefits of growing a global team and finding the best talent anywhere in the world are endless. It’s important to note that labour laws and regulations in Bolivia are strict with penalties for non-compliance. Let our team take care of the global employment solutions such as payroll, benefits, compliance, taxes, and admin so you can focus on growing your business. We are here to help you every step of the way.
Omnipresent makes it easy to hire, pay, and support your international team with our top-notch services including our global EOR & PEO services. Book a call with us to start building your global team today. Book a call with us to start building your global team today.
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