Easily manage employment in

Bolivia
bolivia flag

Make employment in Bolivia easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Bolivia, all in one easy-to-use platform.

Services available in this country:
Employer of Record ProductContractor Management
  • Capital City

    La Paz

  • Currency

    Bolivian boliviano (Bs, BOB)

  • Languages

    Spanish and indigenous languages

  • Population size

    11,428,245

Services available in this country:
Employer of Record ProductContractor Management

Facts & Stats

Bolivia
  • Capital City

    La Paz

  • Currency

    Bolivian boliviano (Bs, BOB)

  • Languages

    Spanish and indigenous languages

  • Population size

    11,428,245

  • 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)

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.

Grow your team in Bolivia with Remote

Want to employ workers in Bolivia? Companies hiring in Bolivia are typically required to either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.

Remote can employ team members in Bolivia and keep you compliant. Remote can hire, onboard, and pay your Bolivia team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Bolivia. now to get started or talk to an expert for more details.

Risks of misclassification

Bolivia, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Bolivia may lead to fines and penalties for the offending company.

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 minimum wage in Bolivia is B$2,500 per month, usually increasing by 2% each year. The government typically issues these adjustments around May, requiring retroactive changes effective from January.

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 15 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.

11 Public holidays

Jan
Monday, January 1, 20241New Year's Day (Año Nuevo)
Monday, January 22, 20242Plurinational State Foundation Day (Día de la Fundación del Estado Plurinacional)
Feb
Monday, February 12, 20243Shrove Monday (Lunes de carnaval)
Tuesday, February 13, 20244Shrove Tuesday (martes de carnaval)
Mar
Friday, March 29, 20245Good Friday (Viernes Santo)
May
Wednesday, May 1, 20246Labor Day (Día del Trabajador)
Thursday, May 30, 20247Feast of Corpus Christi (Corpus Christi)
Jun
Friday, June 21, 20248Andean New Year's Day (Día de año nuevo andino)
Aug
Tuesday, August 6, 20249National Day (día Nacional)
Nov
Saturday, November 2, 202410All Saints' Day (Fiesta de Todos los Santos)
Dec
Wednesday, December 25, 202411Christmas Day (Navidad)

Want to see and manage all holidays? Sign up for our free HRIS!

Effortless HR Bolivia: Take the Tour

Seamlessly manage your workforce, from first hire to final paycheck

Competitive benefits package in Bolivia

At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and that your company has the localized expertise needed to attract and keep the best global talent.

Our benefits packages in Bolivia are tailored to fulfill the local needs of 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

Fair Pricing in Bolivia

Employer of Record

Hire and pay your global team

Starting at $599/month

for annual plans

Top features

  • Satisfaction guaranteed

  • No deposits or hidden fees

  • Zero onboarding or offboarding fees

  • Compliant equity incentives support including withholding and reporting

  • Built-in security and compliance

  • Fast onboarding (average 2-3 days)

  • Flexible, localized benefits

Contractor Management

Compliantly onboard and pay contractors

$29

per contractor/month

Top features

  • Only pay for contractors you actively work with

  • Work with contractors in 200+ countries and territories

  • Create, edit, and sign tailored, localized contracts

  • Approve contractor invoices with one click or auto-pay

  • Transparent payments with complete visibility

Payroll

Consolidate your multi-country payroll

$29

per employee/month

Top features

  • Support: Personalized assistance with a dedicated team and specialists

  • Accuracy: Test runs and parallel pay runs before implementation

  • Compliance: Adhere to local labor laws in every country

  • Timeliness: Accurate and on-time payroll with labor authority reporting handled

  • Experience: Seamless payroll with easy access to payslips and expenses

HR Management

Manage all of your employees in one place

Free

Top features

  • Guided onboarding and offboarding

  • Employee profile and document management

  • Time and attendance (time off and tracking)

  • Expense management and reimbursement

  • Employee self-serve on the platform and mobile app