Hire Employees & Contractors


Compliantly hire your distributed team members in


Person working on laptop

Hiring in


isn't so simple. Borderless can help.

To hire new employees in


, your business must have a local legal entity or an Employer of Record like Borderless in place already. Then there’s the management of local employment compliance, taxes, benefits, payroll, and more. Hiring contractors poses similar challenges.

Borderless handles all of that for you, so you can focus on getting to work with your new team member in


while staying fully compliant with local laws and compliance.

Primary Language

Spanish, Indigenous Languages


Bolivian boliviano (Bs, BOB)

Payroll Frequency


Public Holidays

11 days

Employer Taxes


Cost of Living Index

$ (111 of 140, 2023)

Statutory Leave

15 - 30 days

Sick Leave

26 weeks

Maternity Leave

90 days

Important: Risks of misclassification

In many countries like


, the treatment of employees and contractors is different. If you misclassify a new team member, you could be subjected to penalties and fines. Let Borderless get this right for you, so you don’t have to worry.

Payment Information

Minimum Wage

The minimum wage in Bolivia is BOB 2,250 per month.

Overtime Pay

Workers are entitled to 100% extra pay for overtime hours. Standard working hours are 8 hours per day, up to 6 days per week.

Additional Pay

In Bolivia, there are 13th and 14th month salaries. At the end of the year, a payment equal to one month's compensation is due for the 13th month of salary. A 14th month of pay is also required, but only if the nation's GDP is higher than 4.5%. Every year, this is typically announced in July, and the 14th pay is eventually paid in December.

Payroll Cycle

For Borderless customers, all employee payments will be made in equal monthly installments on or before the last working day of each calendar month, payable in arrears.

Employer Costs & Taxes

  • 10%: Health insurance
  • 3%: Social security
  • 2%: Housing fund
  • 1.71%: Professional risk insurance

Employee Costs & Taxes

  • 13%: Personal income tax rate
  • 10%: Social security
  • 1.71%: Common risk insurance
  • 0.5%: Insured contribution
  • 0.5%: Pension fund fee

Employment Information

Termination Process

If there is no valid reason, an employee may request a severance or request reinstatement. An employee may be terminated without notice if there is just cause, such as the disclosure of trade secrets, negligence, fraud, etc.

Notice period

On average, the law requires a notice of 90 days to terminate an employee.

Probation Period

Probation periods are mandatory. The probation lasts 90 days.

Severance Details

If fired without just cause, employees can be reinstated or receive severance pay amounting to one month of salary for every year worked.

Benefits of working in a country abroad

Borderless Benefits Packages in


When the world is your competition, it pays to incentivize new hires and existing alike. Borderless benefits packages typically include:

Medical Insurance
Dental Insurance
Vision Insurance
Life Insurance
Retirement Contributions

Learn how to hire quickly and easily in


Book your demo of Borderless to help you hire, pay, and take care of new employees and contractors in 170+ countries.

Book a demo