Payroll Cycle
Minumum Wage
Overtime Pay
Visa Immigration

Talent Wiki - Bolivia

Your quick guide on talent and labor compliance norms in Bolivia
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Capital
La Paz
Currency
Bolivian boliviano (BOB)
Languages
Spanish, Aymara, Quechua, Chiquitano, Guarani
Payroll Frequency
Monthly
GDP per Capita
3,143.05 USD
Employer Tax
16.71% (18.71%)

Supplementary Guide for Employment and Expansion in Bolivia

Talent Overview

Bolivia is classified as a lower-middle-income country by the World Bank. It has a history of single commodity focus, such as silver to tin to cocoa. The region is mired by political instability, making it hard for the agricultural center to progress. However, the country’s mining export dominate its economy.

Major Economic Hubs:

La Paz

Skills in Demand:

  • ~Logistics Professionals
  • ~Marketing Professionals
  • ~Information Technology Professionals
  • ~Engineering Professionals
  • ~Teaching Professionals

Local Universities

The top local universities in Bolivia are listed below:

Universidad Mayor de San Andrés

RANKING

Bolivia : 1

World : 2589

Universidad Mayor de San Simón

RANKING

Bolivia : 2

World : 3217

Universidad Católica Boliviana

RANKING

Bolivia : 3

World : 3442

Universidad San Francisco Xavier

RANKING

Bolivia : 4

World : 4227

Universidad Autónoma Gabriel René Moreno

RANKING

Bolivia : 5

World : 4356

Salary Data

The table below shows the average monthly salaries of some jobs in Bolivia.

No. Job Title Salary Average (in BOB) Salary Average (in USD)
1 Business Intelligence Analyst 9,280 BOB 1 345.66
2 Business Systems Analyst 7,350 BOB 1 065.80
3 ERP Analyst 9,300 BOB 1 348.56
4 Software Engineer 8,230 BOB 1 193.40
5 Technical Analyst 7,490 BOB 1 086.10
6 Solutions Architect 10,900 BOB 1 580.57
7 Salesforce Administrator 7,730 BOB 1 120.90

Talent Sourcing Tips

Number of LinkedIn Users (2022):

1,258,400

Top Local Job Boards:

Trabajopolis, Computrabajo

Top Recruitment Agencies:

There are no available online recruitment agencies in Bolivia

Employing in Bolivia

Hiring employees in Bolivia is fairly straightforward when you have a strong grasp on its employment laws, benefits, payroll, and tax systems. You can better your knowledge for hiring and onboarding talents in Bolivia successfully.

Employee Contract

Employment contracts in Bolivia can be either oral or written and are accepted as indefinite. However, the first 90 days are considered a trial period. The contract must be drafted in Spanish 

Probation Period

The probationary period for new employees starts from 1 month up to 6 months.

Public and Provincial Holidays

Date Name Type
1 Jan New Year's Day National holiday
22 Jan Plurinational State Foundation Day National holiday
28 Feb Carnival / Shrove Monday National holiday
1 Mar Carnival / Shrove Tuesday / Pancake Day National holiday
15 Apr Good Friday National holiday, Christian
1 May Labor Day / May Day National holiday
2 May Day off for Labor Day / May Day National holiday
16 Jun Corpus Christi National holiday
21 Jun Aymara New Year Day National holiday
6 Aug Independence Day National holiday
17 Oct Day of Dignity National holiday
2 Nov All Saints Day National holiday
25 Dec Christmas Day National holiday, Christian
26 Dec Day off for Christmas Day National holiday, Christian

Employee Leaves

Type of Leave Time Period Mandatory
Annual Leave 15 days Yes
Sick Leave 5 days Yes
Maternity Leave 12 weeks Yes

Payroll

Payroll Cycle

The employees are paid monthly.

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Minimum Wage

The minimum wage in Bolivia is 1805 Bolivian bolivianos or $261.74 per month

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Overtime Pay

Employees are entitled to 200% of the normal rate for overtime for a maximum of two hours per day as approved by the Labour Inspection.

For holidays and public rest days, the wage rate is also 200% of the normal rate.

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Health Examination Clause

Bonus

13th Month Pay

The 13th-month pay is equivalent to one month’s worth of wage. Bolivia also requires a 14t-month pay depending on the GDP or annual profits of the company.

Employee Benefits

  • ~Retirement Plan
  • ~Pension
  • ~Maternity Benefits
  • ~Disability / Work Injury Benefit
  • ~Survivorship / Dependent’s Benefits
  • ~Free Medical Care
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Taxes

Employer Payroll Tax

Type Rate
Pension

16.71% (18.71*)

*mining sector tax rate

Employee Income Tax

Individuals are taxed with a rate constant rate of 13%.

VAT

The VAT in Bolivia is 13%.

Offboarding & Termination

Termination Process

An employment contract can be terminated by both parties provided a statutory notice is given by either party under the General Labour Act 

If the employee fails to submit a 30-day notice, they are required to pay 90 days worth of salary to the employer.

The employee may also terminate without notice by paying in lieu of notice.

Notice Period

There is no mandatory notice period for jobs in Bolivia but there must be within a reasonable time before terminating a job entirely.

For probationary employees, the notice period is from 2 - 7 days. While regular employees, has a notice period of 1 - 3 months.

Severance Pay

Applying for business visas in Bolivia require documents such as a Business Cover Letter from your employer and a letter of invitation from an organization situated in Bolivia. You must also have proof of travel arrangements along with entry and exit dates. You must also provide a police clearance in order to process your business visa application in Bolivia.

Visa and Immigration

Applying for business visas in Bolivia require documents such as a Business Cover Letter from your employer and a letter of invitation from an organization situated in Bolivia. You must also have proof of travel arrangements along with entry and exit dates. You must also provide a police clearance in order to process your business visa application in Bolivia. 

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