How to hire remote employees in

Bolivia

Found someone great in Bolivia and want to bring them onto the team? It’s a good thing you’re here. On this page, you’ll learn exactly what you need to know before making hires in Bolivia: Legal obligations, risks, and the easiest path to hiring great talent overseas.

Country snapshot

CURRENCY
Boliviano (BOB)
EMPLOYER TAXES
16.71%
PAYROLL FREQUENCY
Monthly
OFFICIAL LANGUAGE
Spanish

What to know before you hire in 

Bolivia

So you want to hire in Bolivia. That’s great. But you should know, from the start, that hiring in Bolivia is different than hiring in your home country. There are different labor laws, different regulations, and different systems for hiring people. If you don’t do things right, you’ll be putting your company at the risk of fines—and risk losing the talent you brought onboard.

If you want to successfully hire in 

Bolivia

, you have two options:

Hire talent as contractors

Laws about hiring contractors are significantly more simple in 

Bolivia

. Onboarding talent takes days, not weeks or months. Both you, the company, and your talent have more flexibility. And in many cases, since you’re remote, the talent you’re hiring is better classified as a contractor, anyway. Of course, it’s not possible in every case, but it’s what we built Panther for.

Hire talent as employees

This is the long route. You can either establish a physical presence with an entity and register as an employer, or you can use an Employer-of-Record (EOR) solution. Odds are, you’ll find using an EOR to be the easier route. Still, using an EOR in 

Bolivia

 is expensive—it can often be $500 per month per employee—and sometimes prone to lengthy onboarding times.

Why hire independent contractors in 

Bolivia

Hiring contractors is normally the easier, faster, more flexible choice—but don’t just take it from us. Below are the specific benefits and drawbacks to hiring contractors in 

Bolivia

.

It’s the fastest way to hire globally

Hiring employees takes months, at the minimum. When you hire with Panther’s locally-generated contracts, it’s a matter of days or weeks. This means you can hire the best talent, fast, without losing them to a hellish procession of paperwork.

It’s a lot cheaper

It costs just $0 to sign up for Panther, then $49 per month to hire your contractors with Panther. If you hired employees manually (or did contracting on your own), you’d likely be on the hook for thousands of dollars each month. Setting up an entity alone can cost tens of thousands of dollars.

It’s more flexible for you & your team

Hiring contractors in 

Bolivia

 means you’re generally not on the hook for things like health insurance and paid time off. This makes hiring flexible for you, and it gives your talent more options.

It’s less risky than hiring employees

Hiring employees is a bigger commitment, and generally puts you at a bigger risk for legal fees. When you hire contractors overseas, your biggest risk is misclassification—but even then, misclassification penalties are often minimal and just require you to pay off any compensation that the person would have been owed as an employee.

Some people want to be employees

The contractor life isn’t for everyone—some people want the security that being an employee often appears to provide. Though it’s rare, this does happen, and it’s one disadvantage of manage an all-contractor team.

You might not have as much control over your talent

Most countries’ contractor-employer relationship laws stipulate that the employer can’t set fixed working hours, among other things. These laws give contractors more freedom over how and when they do their work than an employee would have. In reality, however, most contractors are willing & able to work on the company’s schedule—it’s a matter of setting expectations beforehand.

How can I pay people in 

Bolivia

?

If you’re hiring contractors in 

Bolivia

, you can pay them with Panther in a single click. You won’t need to worry about complicated wire transfers, fees, or currency conversions. We’ll take care of it all. Just make a click and your contractor will get paid in their currency of choice. This is a valuable bonus for talent in countries where the local currency is particularly weak—most people appreciate the ability to receive their payment in stronger currencies.

Hiring and paying your team in 

Bolivia

Hire and pay with Panther

Pay everyone with a single click
Get great currency conversion rates
Pay $0 in platform fees
Run payroll in seconds
Let Panther automatically create & store invoices
Let Panther automatically write locally-compliant contracts
Let Panther automatically file local tax documents

Hire and pay without Panther

Pay all your contractors individually
Do all currency conversions yourself
Shoulder the burden of platform fees
Spend hours each month making payments
Manually track & store invoices
Manually write & sign contracts
Manually file relevant tax documents

Let Panther save you from hiring headaches.

Sign up today for $0

If you want to hire employees in 

Bolivia

If you’ve read up until this point, you’ll know that it’s easier, cheaper, and more flexible to hire contractors in Bolivia than employees. Still, there are valid reasons why you might want to hire employees instead. The content below is for you—we’ll cover employer taxes and obligations in Bolivia.

Taxes in 

Bolivia

Employer tax

Housing

Professional Risk Premium

National Healthcare

Employer Solidarity Contribution

Individual tax

Leave

Paid Time Off (PTO)

In Bolivia is outlined in the employment contract as a minimum of 15 days paid leave a year (following completion of 1-year service) in addition to public holidays.  

This increases to 20 days paid leave once the employee has been employed for five years and increases after ten years of service to 30 days paid leave per year.

Public Holidays

There are 10 public holidays.

Sick Days

Employees are entitled to up to 26 weeks of paid sick leave per year and must provide a medical certificate within 48 hours of the first day of sickness.    

The employer pays the sick pay at 100.00% of the regular salary rate (to be reimbursed at a rate of 75.00% from the social security) from the 5th day of sickness.

Maternity Leave

Female employees are eligible for maternity benefits, consisting of 90 days paid maternity leave, 45 days before the due date, and 45 days after.

The employer will pay the maternity benefit at 100.00% of the national minimum wage; the employer will receive a reimbursement of 90.00% from social security.

Paternity Leave

The father is entitled to mandatory paid paternity leave of 3 days.

Parental Leave

There are no provisions in the law regarding parental leave.

Other Leave

No Info.

Marriage Leave

No Info.

Bereavement Leave

Public employees are entitled of 3  days of paid bereavement leave must be granted to an employee in the event of the death of a parent, child, sibling, or spouse.

Termination

Termination Process

The termination process is standard in Bolivia based on the prescribed list of termination reasons contained within article 16 of the General Labour Law unless an employer can provide sufficient cause for dismissal without notice.  

Notice of termination must be in writing and sent to the relevant governmental authorities.

Notice Period

In Bolivia labor law, there is no mandatory notice period.

Severance Pay

Severance pay in Bolivia is mandatory if applicable. Still, the amount differs based on the type of termination, i.e., termination by an employee, termination by mutual agreement, termination without cause, and termination with a cause in an indefinite term agreement and fixed-term agreement.  

It is common for a severance payment to be calculated as one month’s regular salary payment for each completed year of service.

Probation Period

Probation period is 1 and 3 months.

Employee requirements in 

Bolivia

Working Hours

The standard working hours in Bolivia is 8 hours per day, up to maximum of 6 days per week.

Overtime

In Bolivia, if the employees will work more than the working hours a week is to be paid as overtime and is regulated by employment contract/collective agreements. In general, overtime maximum limits are set at 2 hours per day and paid 200.00% of the standard salary.

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