Bolivia
EOR Rate
$599
/month per employee

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Country Snapshot

VAT on Invoice

16%

Currency

BOB

Timezone

UTC-4

Minimum Wage

3.3K BOB/Month

Payroll Frequency

Monthly

Employment Type

Full-time

Bolivia is a South American country with abundant natural resources and an economy focused on mining, energy, and agriculture.

General Information

CapitalSucre
Population12,581,843
TimezoneUTC-4
Official LanguageSpanish

Employment Laws

Working Hours48 hours/week
Minimum Wage3.3K BOB/Month
Probation PeriodUp to 3 months
Notice Period1–3 months

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Leave Entitlements

Annual Leave15 days
Public Holidays11 days
Sick LeavePaid
Maternity Leave90 days
Paternity Leave3 days

Social Security

Employer Rate16%
Employee Rate12%

AFP (Pension Fund Administrators)

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Taxation

Corporate Tax25%

Additional surtaxes may apply

Termination Rules

Strict termination rules

Bonus Requirements:

Mandatory annual bonus

Additional Information

EOR employment in Bolivia is subject to employee-protective labor laws, including mandatory bonuses and social security contributions. Payroll administration requires accurate calculation of statutory benefits and deductions. Termination carries elevated legal risk and often requires documented justification. Failure to comply may lead to labor claims or penalties. An EOR plays a key role in managing compliance and labor risk.

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