Country Guide
Employer of Record in Bosnia and Herzegovina
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Employer Taxes
Employee Costs
Payroll Frequency
Expanding to Bosnia & Herzegovina? EOR Services Help You Hire Globally, Pay Locally, Expand Effortlessly
INS Global’s Employer of Record (EOR) in Bosnia & Herzegovina offers a strategic solution for international business growth. Our service enables seamless recruitment and employee management across borders without establishing a local entity.
With coverage in Bosnia & Herzegovina and over 160 countries, our EOR provides a secure, efficient approach to sourcing global talent. We transform complex international workforce challenges into streamlined, cost-effective processes.
Our dedicated EOR handles all HR-related activities, ensuring complete employer compliance and enabling businesses to expand rapidly—often within days—while minimizing administrative complexities and operational costs.
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Why Choose an EOR in Bosnia & Herzegovina Over Company Incorporation?
Establishing a new company doesn’t just take time, it can also increase your operational costs. Working with a global EOR streamlines the process and empowers your business to grow in the most efficient way.
Working with a global EOR…
- Reduces expansion time
- Saves money
- Ensures legal compliance
- Empowers efficient growth
PEO/EOR vs Company Incorporation
The Advantage in Figures
| PEO/EOR | Company Incorporation | |
|---|---|---|
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Price |
80% Less Expensive |
|
|
Market Entry |
2-5 Days |
6 Months |
|
Employee Turnover |
Decrease by 14% |
|
|
Recommendation |
98% of the Current PEO Clients |
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|
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
Advantages of Using a Employer of Record in Bosnia & Herzegovina
Ensure Legal Compliance
EORs in Bosnia & Herzegovina have local expertise that can help you navigate the complex labor regulations. This helps streamline your expansion while ensuring that you‘re always compliant, preventing costly errors, penalties, and fines.
Reduced Expansion Costs
Working with a local EOR drastically reduces the cost of expanding abroad. The streamlined process saves time and enables you to grow your business internationally at a fraction of the cost.
Focus on Growing Your Business
EORs take all the HR-related responsibilities off your shoulders so that you can focus on growing your business abroad. EORs in Bosnia handle everything from payroll processing to recruiting and managing talent so that you can grow your team more efficiently.
Expand Efficiently
If you were to set up a new company abroad, the legal process can take anywhere from 4 to 12 months. On the other hand, working with a EOR streamlines the process so that you can set everything up in less than a week.
Manage Your HR Remotely
INS Global offers you a way to manage your diverse workforce seamlessly through a cloud-based platform. This allows you to keep your finger on the pulse no matter where you are in the world.
How Does an EOR In Bosnia & Herzegovina Work?
INS Global’s EOR in Bosnia & Herzegovina empowers your company to expand abroad in just 4 simple steps.
1
We work with you to create a unique strategic plan meeting your operational goals.
2
Our EOR provides the legal entity to help recruit and manage staff in Bosnia & Herzegovina.
3
We handle all HR-related tasks, such as recruitment, contract management, and payroll processing, to ensure legal compliance in Bosnia & Herzegovina.
4
Your employees focus on your business goals while we take care of HR and compliance.
INS GUIDES
Check Our Labor Law Guides
Labor Law in Bosnia & Herzegovina
Employment Contracts in Bosnia & Herzegovina
Working Hours
- The working week in Bosnia & Herzegovina runs from Monday to Friday.
- Full-time staff generally work 8 hours per day for a maximum of 40 hours per week.
- Part-time employees work around 20 hours per week.
- Employees are entitled to a higher hourly rate for overtime. This is typically 125% of the normal hourly rate.
Types Of Leave
Annual Leave
- Bosnia & Herzegovina has 13 official national holidays.
- Employees are entitled to a minimum of 20 working days of paid leave per year.
- Employees may be entitled to additional time off according to their employment contract.
- The scheduling of time off is subject to the employer.
Sick Leave
- Bosnian labor law allows employees to up to 42 days of sick leave.
- Employees should notify their employers before the working day starts and provide a medical certificate as proof of illness.
- Employers are required to pay the salary of employees for the first 42 days of sick leave. Additional time off is then taken from the competent health insurance fund.
Maternity / Paternity Leave
- According to Bosnian labor law, female employees are entitled to up to 1 year of maternity leave, with a legal minimum of 42 days.
- Female employees may work half days until their child is 2 years old.
- The father of the child may also work half days if the mother is working full time.
- Employees are entitled to 50% to 80% of their usual salary while on maternity leave.
- In the Republic of Srpska and the District of Brcko, employees can get an additional 6 months of maternity leave if they have twins. They are also entitled to 100% of their usual salary.
- Fathers are entitled to 7 days of unpaid paternity leave.
Tax Law
- Employers in Bosnia & Herzegovina are responsible for deducting all taxes and social security contributions.
- Employers contribute 6% toward an employee’s social security and pension, 4% toward health insurance, and 0.5% toward unemployment insurance.
- Employees contribute 17% toward social security pension, 12.5% toward health insurance, and 1.5% toward unemployment insurance.
- Employer contributions total 10.5%, while employee contributions total 31%.
- The income tax rate for employees is a flat 10% of all income earned.
- All employees are required to file their own tax returns each year.
- The corporate income tax rate in Bosnia & Herzegovina is 10%.
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Frequently Asked Questions
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.
The employer of record is the legal entity liable for the staff employed in a specific country. In practice, a foreign company can either open a subsidiary to become the employer of record of its abroad employees or use a PEO to act as the employer of record.
Liabilities may vary from country to country and include all the staff management responsibilities: labor contract issues, payroll management, and tax compliance, social security management, expenses claim declaration, hiring and termination
procedures, etc.
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.
PEO services streamline your expansion plan, and the costs usually depend on a percentage of your employee’s salary.
Certainly, working with an Employer of Record in Bosnia & Herzegovina is a legal and efficient solution that streamlines your expansion plans while reducing costs.
Salaries are typically processed monthly for full-time employees, while part-time workers may prefer weekly or bi-monthly payments. Employers deduct taxes and social contributions.
INS Global simplifies and streamlines recruitment, hiring, and staff management remotely, reducing costs associated with managing an international workforce.
Absolutely, a Bosnian Employer of Record can recruit and hire employees from all regions, expanding your talent pool.
Modifications to employment contracts require mutual agreement. A Bosnian PEO ensures compliance with local labor laws.
Yes, employers in Bosnia & Herzegovina are responsible for deducting taxes and social contributions from employee salaries.
INS Global tailors its services to your specific needs, assisting you in recruiting and hiring as many employees as necessary for your expansion plans.
Termination costs vary depending on the circumstances. Employees are generally entitled to a minimum of one-third of their salary for each year or more than 6 months‘ salary.
In Bosnia & Herzegovina, you have flexibility in hiring employees for both in-person and remote opportunities, ensuring cost-efficiency during market entry.
Certainly! Our recruitment experts have extensive experience in hiring top talent globally. We provide comprehensive support in recruiting, hiring, and managing your workforce, regardless of your location.
Bosnia & Herzegovina observes 13 national holidays, and most employees are entitled to a paid day off. Working on these days includes a higher hourly rate depending on your employment contract.
Employers must adhere to strict labor laws and regulations to avoid penalties and fines. Partnering with an experienced PEO in Bosnia & Herzegovina ensures compliance during seamless expansion.
Absolutely! INS Global facilitates the recruitment and management of a diverse workforce remotely, making it simple to hire both Bosnian citizens and foreigners.
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.