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Is your company contemplating expanding into Bolivia? Setting up an entity to manage your operations in a new country can be time-consuming, capital-intensive, and generally ineffective. A more innovative approach will utilize the services of an Employer of Record in Bolivia like INS Global.
Employer of Record (EOR) services allow you to outsource complex and time-intensive tasks, such as hiring, onboarding, and payroll management in a foreign country. This is done by hiring your employees on your behalf and acting as their legal employer in Bolivia, taking care of every required HR task, and removing employer liability issues in an unfamiliar regulatory system. All of this frees you up for more productive tasks while ensuring your contracts and operations comply with the local tax and employment laws.
With over 15 years of international EOR experience in over 100 countries, INS Global can guarantee a seamless entry into the Bolivian market. Our expert global mobility guides can help you avoid bureaucratic bottlenecks and the pitfall of non-compliance with foreign tax and labor laws.
As a result, you can start operations in as little as 48 hours in Bolivia. Employer of Record services are the perfect way to expand quickly while remaining safe thanks to professional expansion expertise.
Want to have a Team in Bolivia TODAY?
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Incorporating your company abroad is a well-trodden road when expanding. However, the process is rife with challenges. For example, you may be unfamiliar with local laws regarding employment contracts, working hours, and tax laws. This lack of local expertise can cause severe delays or pose potentially threatening mistakes.
Conversely, an EOR partner with in-country experience understands the cultural nuances and can help with these tasks:
The Advantage in Figures
| PEO/EOR | Company Incorporation | |
|---|---|---|
|
|
||
|
Price |
80% Less Expensive |
|
|
Market Entry |
2-5 Days |
6 Months |
|
Employee Turnover |
Decrease by 14% |
|
|
Recommendation |
98% of the Current PEO Clients |
|
|
Administrative Fees |
Saves an Average of $450 |
|
|
Costly Payroll and Compliance Fines |
Help Avoid |
|
|
Company Growth Rate |
7 – 9% |
|
|
ROI |
27% |
|
|
Closed During Pandemic |
-58% |
|
|
|
|
|
PEO/EOR
Company Incorporation
Price
80% Less Expensive
Market Entry
2-5 Days
6 Months
Assured Legal Compliance
Our knowledge of local legal and administrative procedures ensures you’re always on the right side of the law and free from worrying about costly fines or penalties
Reduced Cost And Time
Incorporating into a new market takes anywhere from 4 – 12 months. But you save time and cost when you partner with an EOR in Bolivia instead
Translate Core Organizational Values
As you expand, we understand the need to stick to core organizational values and mission. Local market expertise helps you to understand the best way to integrate new team members or bring your ideas to a new audience
Fast Market Entry
For companies that may not have the budget or staffing to operate entire HR departments that can manage HR operations for overseas workers, EORs provide all the services required to function efficiently
Broad Coverage
An EOR with a global presence like INS Global can support your HR outsourcing or expansion needs in up to 100 countries at a time
Here’s how INS Global Bolivian EOR manages your employee recruitment or assignment needs:
1
First, we discuss your employment requirements, like your employment scope and any special requirements
2
We provide a local legal entity so you can hire in Bolivia or transfer your current employees to a well-established structure
3
Immediately, we assume administrative and legal responsibility for hires and manage your payroll from day 1
4
You continue to manage and supervise employee contributions toward your growth in Bolivia as usual while we handle everything related to HR
When considering a partnership with a PEO in Bolivia, you will likely also hear the term EOR (Employer of Record). Typically, the two terms are largely interchangeable based on the kind of services they offer. The main difference between the two is the level of liability taken on by the PEO/EOR and the parties involved in the agreement.
In Bolivia both services are indistinct according to national regulations, but INS Global can offer any elements of both according to your requirements
Check Our Labor Law Guides
Additionally, Bolivian labor law includes severance pay provisions for both employer- and employee-initiated terminations. The amount depends on:
Working Hours In Bolivia
Holidays and Annual Leave in Bolivia
In Bolivia, employees are entitled to paid annual leave based on their length of service. The entitlement increases with years worked, as follows:
Sick Leave
An employee must present a medical certificate to be eligible for sick leave. Employees are entitled to 5 paid sick leave days every year.
Parental Leave in Bolivia
Female employees get up to 45 days of maternity leave before and after their child is born (90 days total). Working mothers must have 2 breaks of 30 minutes each during their working day to breastfeed their infants. These breaks are in addition to the regular meal breaks or rest periods.
There are no specific provisions under the current labor laws to establish a mandatory paternity leave period. However, some employers provide paternity leave as an additional benefit.
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faqs
No, it is necessary to use a local entity abroad to comply with each country labor law.
Foreign companies can either set up a local entity in each country or use the services a local PEO (Professional Employment Organization) to hire the staff on-site directly.
An Employer of Record (EOR) in Bolivia is an entity or organization that takes on an employer’s legal and administrative responsibilities. In practice, a foreign company can either open a subsidiary to become the Employer of Record of its abroad employees or use an EOR. Bolivia requires strict adherance to labor laws so it can save time and ensure compliance when asking INS Global to act as the Employer of Record.
EORs can take on a range of employer liabilities which vary from country to country, but it includes staff management responsibilities, such as:
In general, 1-month is necessary to have an employee based out abroad using an existing PEO as the employe of record. When incorporating a new subsidiary to be the employer of record, the delay varies from 4-12 months.
Yes, EORs are a safe, legal way to hire or transfer employees in Bolivia for the long term or while you set up a company structure.
With INS Global, there is no set minimum or maximum number of staff. You can manage as many or as few workers as you need for your expansion strategy.
Absolutely, our recruitment experts have access to online and offline professional recruitment resources and are well-versed in local benchmarks and best practices.
A Global Employer of Record is an effective solutions for companies like yours that are looking to expand a workforce abroad effortlessly.
This approach allows you to outsource the international hiring process quickly and efficiency, providing access to a global talent pool while still managing payroll compliance in each country.
Level 39, Marina Bay Financial Centre Tower 2, 10 Marina Boulevard
Singapore 018983Public Holidays Calendar
Bolivia
| Date | Day | Holiday | Notes |
| January 1 | Wednesday | New Year’s Day | Celebration of the beginning of the Gregorian calendar year |
| January 22 | Wednesday | Plurinational State Foundation Day | Commemorates the founding of the Plurinational State of Bolivia in 2009 |
| March 3 | Monday | Carnival Monday | Part of the pre-Lenten Carnival celebrations |
| March 4 | Tuesday | Carnival Tuesday | Also known as Shrove Tuesday; part of the Carnival festivities |
| April 18 | Friday | Good Friday | Christian holiday commemorating the crucifixion of Jesus Christ |
| May 1 | Thursday | Labour Day | International Workers’ Day; a day to honor workers |
| June 19 | Thursday | Corpus Christi | Christian feast celebrating the Eucharist |
| June 21 | Saturday | Aymara New Year Day | Also known as Andean New Year; marks the winter solstice |
| August 6 | Wednesday | Independence Day | Commemorates Bolivia’s independence from Spain in 1825 |
| November 2 | Sunday | All Souls’ Day | Day to honor and remember deceased loved ones |
| December 25 | Thursday | Christmas Day | Christian holiday celebrating the birth of Jesus Christ |
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