Global Employment Solutions & PEO in Bolivia

How Do Omnipresent Global Employment Solutions Work?

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. 

• Your company conducts the hiring and candidate selection process in Bolivia.
• Omnipresent hires the selected candidate through our local professional employment organisation in Bolivia.
• We take care of ensuring your new employee is hired in compliance with local labour laws, payroll regulations, benefits and more -- all without needing to set up a subsidiary in Bolivia.
• The individual is legally contracted by Omnipresent but assigned to work for your company and reports to a manager or team in your organisation as your full-time employee.

Payroll & Taxes in Bolivia

Employee Income Taxes:

13% flat rate

Payroll Cycle:

Monthly

Employer Costs in Bolivia

Employer Contributions:

2.00% - Housing

1.71% - Professional Risk Premium

10.00% - National Healthcare

3.00% - Employer Solidarity Contribution

Employee Contributions:

10% - Long-term SSO Contribution (Disability, Old Age and Death)

1.71% - Common Risk

0.50% - Pensionary Fund Commission

0.50% - Solidarity Contribution for Pension

Working Hours in Bolivia

Typical Working Hours per Week:

The typical work week in Bolivia consists of 48 hours per week.

It’s important to note that typical working hours can vary by industry in some countries. Contact our team for the most up-to-date information!

Overtime Laws:

Overtime laws in Bolivia are complex and can depend on the specific circumstances and the employee. We are happy to discuss in more detail for a specific context.

Public Holidays & Vacation Time in Bolivia

Standard Public Holidays in Bolivia

• New Year’s Day
• Plurinational State Foundation Day
• Candlemas
• Carnival
• Shrove Tuesday
• Good Friday
• Labour Day
• Chuquisaca
• Corpus Christi
• Willkakuti
• Agrarian Reform Day
• Independence Day (of Bolivia)
• National Dignity Day
• All Souls Day and Day of the Dead
• Christmas Day
  
  

Vacation Time in Bolivia

Employees in Bolivia are only entitled to annual leave after one year of continuous employment, as such:

• 1-5 years of service: 15 working days paid annual leave
• 5-10 years of service: 20 working days paid annual leave
• 10 or more years of service: 30 working days paid annual leave

Types of Leave in Bolivia

Sick Leave:

Sick leave in Bolivia includes:

- Paid for sick leave from the 5th 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:

Bolivia has strong maternity leave regulations including 90 days paid leave, of which pay is 100% of the national minimum wage (employer is entitled to receive a 90% reimbursement from Social Security)

- From the 5th month of pregnancy, the mother is entitled to a prenatal subsidy and a nursing subsidy until the child is 1 year old. Both subsidies are the equivalent of 1 month’s salary per month.

- From the date of birth of the child, mothers receive job protection for 1 year.

Paternity Leave:

Fathers are entitled to 3 days’ paid paternity leave

Other Types of Leave:

Please contact us for further information.

Health Insurance & Supplementary Benefits in Bolivia

We believe that remote employees should be able to access their local, as well as a high standard international benefits anywhere they are. Details about international or country specific benefit packages can be provided on request. Please contact us for further details.

Termination & Severance in Bolivia

Termination with Cause:

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. If you would like to know more specific details, please contact us. 

Severance:

Severance for unjustified dismissal is equal to one month pay for each year of service.

Notice of Termination:

No mandatory notice period.

Unprotected and Protected Termination

Bolivia law strictly protects employees from illegal termination of employment. Certain employees are subject to additional protections, please contact us to learn more.