Bolivia

Employer of Record (EOR) in Bolivia

Only 399 EUR per employee per month

Rivermate's Employer of Record (EOR) solution helps companies hire remote employees in Bolivia . We take care of global payroll, taxes, benefits, compliance and HR activities. So you can focus on growing your business. Our Employer of Record (EOR) solution is beneficial to companies that want to hire remote employees in a breeze. On this page you will find employment information for Bolivia.

Employer of Record people
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Currency
Boliviano
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Capital
Sucre
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Region
Americas
Megaphone
Language
Spanish
Hire remote employees
Population
11673021
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GDP
Line graph
GDP growth
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Ease of doing business
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World GDP share

1. Grow your team in Bolivia with Rivermate as your Employer of Record (EOR) / PEO

Payroll, benefits, taxes, and compliance can be difficult to manage in Bolivia , particularly if you don't have established local relationships. You can hire employees in Bolivia effectively, conveniently, and in full compliance with all relevant labor laws using Rivermate's global Employer of Record (EOR) solution. We handle the responsibilities and legal risks associated with foreign employment so you can concentrate on growing your company.

2. Summary

Bolivia is a country in western-central South America. Its official name is the Plurinational State of Bolivia. La Paz is the seat of government and the executive capital, whereas Sucre is the constitutional capital. Santa Cruz de la Sierra, the biggest city and main industrial hub, is situated in the Llanos Orientales (tropical lowlands), a relatively flat area in the country's east.

Bolivia is a constitutionally unitary sovereign state organized into nine departments. Its landscape ranges from the Andes highlands in the west to the Eastern Lowlands in the Amazon basin. Brazil borders it on the north and east, Paraguay on the southeast, Argentina on the south, Chile on the southwest, and Peru on the northwest. The Andean mountain range encompasses one-third of the nation. Bolivia is the fifth largest country in South America, after Brazil, Argentina, Peru, and Colombia (and, along with Paraguay, one of the only two landlocked countries in the Americas), the world's 27th largest, the largest landlocked country in the Southern Hemisphere, and the world's seventh-largest landlocked country, after Kazakhstan, Mongolia, Chad, Niger, Mali, and Ethiopia.

The country's estimated 11 million inhabitants are multiethnic, including Amerindians, Mestizos, Europeans, Asians, and Africans among them. Although Spanish is the official and main language, 36 indigenous languages have official status, the most widely spoken of which are Guarani, Aymara, and Quechua.

The Andean portion of Bolivia was part of the Inca Empire prior to the Spanish invasion, whereas the northern and eastern plains were populated by separate tribes. In the 16th century, Spanish conquistadors from Cusco and Asunción acquired control of the area. Bolivia was controlled by the Real Audiencia of Charcas during the Spanish colonial era. Spain's empire was formed in significant part on the silver produced from Bolivia's mines. Following the initial demand for independence in 1809, the Republic of Simón Bolvar was established after 16 years of struggle. Bolivia lost sovereignty of various peripheral lands to neighboring nations throughout the nineteenth and early twentieth centuries, notably the takeover of its coastline by Chile in 1879. Bolivia was politically stable until 1971 when Hugo Banzer staged a CIA-backed coup that replaced Juan José Torres' socialist government with a military dictatorship commanded by Banzer. Banzer's dictatorship repressed left-wing and socialist opposition, as well as various kinds of protest, culminating in the torture and murder of many Bolivian civilians. Banzer was deposed in 1978 and eventually returned as Bolivia's freely elected president from 1997 to 2001. Evo Morales' administration from 2006 to 2019 experienced tremendous economic development and political stability.

Bolivia is a founding member of the United Nations, IMF, NAM, OAS, ACTO, Bank of the South, ALBA, and USAN. Bolivia is the second poorest nation in South America, despite having reduced poverty rates and the fastest expanding economy in the region (in terms of GDP). It is a developing nation with a high Human Development Index value. Agriculture, forestry, fishing, mining, and manufacturing commodities such as textiles, clothes, refined metals, and refined petroleum are its key economic activities. Bolivia is abundant in minerals such as tin, silver, lithium, and copper.

Hiring talented employees in a short span is not an easy task. Partnering with an Employer of Record (EOR) like Rivermate in Bolivia is your best option, giving your organization enough time to focus on other aspects of international expansions like project management and inventory management. The EOR takes care of all the compliance and legal issues while helping you speed up hiring using their knowledge of domestic employment practices and virtual onboarding tools. Top EORs also have provisions for the e-signing of documents to enable faster onboarding.

3. Public holidays

4. Types of leave

There is no information about the types of leave for this country.

Paid time off

Public holidays

Sick days

Maternity leave

Paternity leave

Parental leave

Other leave

5. Employment termination

There is no information about employment information for this country.

Termination process

Notice period

Probation period

Severance pay

6. Working hours

There is no information about the working hours for this country.

General working schedule

Overtime

7. Minimum wage

There is no information about the minimum wage for this country.

8. Employee benefits

There is no information about the employee benefits for this country.

9. Taxes

There is no information about the taxes for this country.

Corporate tax

Individual income tax

VAT, GST and sales tax

10. VISA and work permits

There is no information about VISA and work permits for this country.

11. Employer Of Record service terms

There is no information about the Employer of Record (EoR) service terms for this country.

Employment contracts

With Rivermate being your Employer of Record (EoR) in Bolivia, you do not have to worry about the employment contracts, as we take care of that.

Minimum assignment length

Payment currency

13.Opening a subsidiary in Bolivia

There is no information about the working hours for this country.

How to set up a subsidiary

Subsidiary laws

13. Why choose Rivermate as your Employer of Record / PEO in Bolivia

Establishing an entity in Bolivia to hire a team takes time, money, and effort. The labor law in Bolivia has strong worker employment protection, requiring great attention to details and a thorough awareness of local best practices. Rivermate makes expanding into Bolivia simple and effortless. We can assist you with hiring your preferred talent, managing HR and payroll, and ensuring compliance with local legislation without the hassle of establishing a foreign branch office or subsidiary. Our PEO and Global Employer of Record (EOR) solutions in Bolivia give you peace of mind so you can focus on running your business. Please contact us if you'd like to learn more about how Rivermate can help you hire employees in Bolivia via our Employer of Record (EOR) / PEO solution.

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