Find your employer of record in Bosnia & Herzegovina
Bosnia & Herzegovina
Bosnian Herzegovinian Convertible Mark (BAM)
Currency
monthly
Payroll Frequency
0 to 10.50
Employer Tax
With 2 clicks, start your journey to Hire a contractor or remote employees in Bosnia & Herzegovina without a entity set up.
Overview
Capital
Currency
Date Format
Fiscal Year
Reviews
Sarajevo
Bosnian Herzegovinian Convertible Mark (BAM)
DD/MM/YY
January 1st-December 31st
0 / 5 Star (0 Reviews)
Write ReviewFind your employer of record in Bosnia & Herzegovina
Bosnia & Herzegovina
Bosnian Herzegovinian Convertible Mark (BAM)
Currency
monthly
Payroll Frequency
0 to 10.50
Employer Tax
Overview
Capital
Currency
Date Format
Fiscal Year
Reviews
Sarajevo
Bosnian Herzegovinian Convertible Mark (BAM)
DD/MM/YY
January 1st-December 31st
0 / 5 Star (0 Reviews)
With 2 clicks, start your journey to Hire a contractor or remote employees in Bosnia & Herzegovina without a entity set up.
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Overview
Bosnian Herzegovinian Convertible Mark (BAM)
CURRENCY
Sarajevo
CAPITAL
monthly
PAYROLL FRECUENCY
22
PUBLIC HOLIDAYS
0 to 10.50
EMPLOYER TAXES
13TH / 14TH SALARY
The 13th Salary in this region is usual and typically given at the end of the year.
Employee and employeer taxation in Bosnia & Herzegovina
Employer
Company Payroll Contributions
* In the Federation of Bosnia and Herzegovina, the employer also pays 0.5% of the contribution for protection against natural and other disasters. He also pays 0.5% of the water protection charge, calculated on take-home pay.
0% - 6.00%
Pension and Disability Insurance
0% - 4.00%
Health Insurance
0% - 0.5%
Unemployment Insurance
0% - 10.5%
Total Employment Cost
Employee
Employee Payroll Contribution
0%- 17.00%
Pension And Invalid Insurance
0%- 12.50%
Health Insurance
0%- 1.5%
Unemployment Insurance
0% - 31%
Total Employee Cost
Employee Income Tax in Bosnia & Herzegovina
10%
Flat Rate
Payroll Contributions in Bosnia & Herzegovina
Payroll Cycle
The cycle, which you can afford with payroll outsourcing, is typically monthly.
13th Salary
In Bosnia Herzegovina, there is no legal requirement for this payment.
Employee Benefit in Bosnia & Herzegovina
Visa and work permit in Bosnia & Herzegovina
Foreign citizens, including those from European Union countries, must obtain a short-stay visa to visit the country. In this case, it is for 90-day visits within 180-day periods, for 1, 2, or multiple entries. Thus, this visa can be requested for the following purposes:
- Tourism
- Business meetings
- Medical treatment
- Family visits
- Political events
- Sports events.
- Educational training, and more.
However, with this short-stay visa, a person cannot apply for a temporary residence permit. In contrast, a person can get a long-stay visa if they want to stay in Bosnia for 6-12 months. Then, with Contractor Management Services you can apply for this visa for 1 or multiple entries.
Likewise, this visa is issued by the authorities to fulfill the following purposes:
- Works
- Study
- Medical treatment
- Business
- Family meeting
- Research work, and more.
Additionally, if a person wants to stay in the country for more than 1 year, they must apply for a long-stay visa and a temporary residence permit.
VAT in Bosnia & Herzegovina
Nationwide a standard VAT rate of 17% applies
Working Hours in Bosnia & Herzegovina
General
The work week consists of 5 days and a total of 40 weekly hours that you can manage with the Employer of record in Bosnia and Herzegovina. Besides, in the Federation of Bosnia Herzegovina, a woman will be able to work a full working day after having used her maternity leave.
In this case, she can take a break 2 times a day for 1 hour each to breastfeed the child, until he/her is 1 year old. In the Republika Srpska, a woman who works before the end of her maternity leave (12 or 18 months) is also entitled to rest.
Thus, she will receive an additional hour of rest during her work to breastfeed her child. Also, in the Brcko District, a woman has the right to breastfeed the child 2 times for 1 hour each.
Overtime
With an Employer of record in Bosnia and Herzegovina, you can manage the extra work hours that exceed the weekly ones. In addition, employment contracts or collective agreements are the ones that regulate these hours. Besides, there is a limit to the hours allowed when a worker is required to work overtime or on holidays.
However, the number of hours is different in each region as follows:
- Federation of Bosnia Herzegovina. In this case, a pregnant woman, a mother, or an adoptive father with a child up to 3 years of age can work overtime. Nevertheless, they need to provide a written declaration to perform overtime. Also, this includes a self-sufficient parent or foster parent with a child up to 6 years of age.
- The Republic of Srpska. Likewise, pregnant women and mothers of a child up to 3 years of age cannot work overtime. Also, this includes single parents or single adoptive parents with a child not less than 6 years of age. However, they may work overtime if they submit a written consent statement.
- Brcko District. Pregnant women, mothers, or adoptive parents of children under 1 year of age may only work overtime by submitting written consent. Also, this includes a single parent or adoptive parent with a child up to 2 years of age.
Working Week
Monday to Friday.
Employee Termination in Bosnia & Herzegovina
Termination Process
Employers can terminate a fixed-term contract of an employee if they have engaged in commercial, personal, or labor misconduct. With the Employer of Record in Bosnia and Herzegovina, you can provide the notice and explanation in writing. However, if the reason is employee misconduct, the employer must allow you to explain.
In addition, before being able to terminate the contract for this reason, the employee must receive a written and 2 verbal warnings. Likewise, if the employee commits another violation within 12 months, the employer can fire him. In this case, you can do so without notice and without paying severance pay.
Notice Period
With global employment outsourcing, you can comply with the minimum notice period of 14 days or a maximum of 3 months. Likewise, employees must give notice of at least 7 days and a maximum of 30 days.
Severance Pay
Collective agreements determine the amount of severance pay for employees who have worked for at least 2 years in a company. However, this payment cannot be less than 1/3 of the average monthly salary for each year of work. In addition, it cannot exceed 6 average salaries per year either.
Probation Period
This period should not be longer than six months, then you can hire and onboard workers in Bosnia and Herzegovina.
Employee Leaves in Bosnia & Herzegovina
Paid Time Offs
With International PEO Services you can manage the right of employees to these paid annual vacations. Thus, an employee is entitled to 20 days of vacation but not more than 30, according to the employment contract and labor law.
Public Holidays
There are 22 national holidays throughout the year.
Vacation Holidays
There are 20 vacation holidays throughout the year.
Sick Days
Bosnian employees are entitled to receive 5 days of paid sick leave per year.
Paternity Leave
The international PEO allows you to grant paternity leave of up to 7 days in the Federation of Bosnia and Herzegovina. However, in the Republika Srpska and the Brsko District, the leave is 3 days in 1 year
Paternal Leave
In the Federation of Bosnia and Herzegovina, there is no other parental leave.
Maternity Leave in Bosnia & Herzegovina
The Employer of record in Bosnia and Herzegovina can manage maternity leave that can be up to 2 months. Also, depending on the region, the license is as follows:
- Federation of Bosnia and Herzegovina. In this case, maternity leave cannot be less than 42 days after the birth of the child.
- The Republic of Srpska. There, women cannot start their work 60 days after delivery.
- Brcko district. Women can take leave 7 days before the expected date of delivery and 42 days after that. Then, at the end of the leave, a woman will be able to work part-time until her child is 2 years old. However, the father may work part-time if the mother must work full-time.
In addition, the employee must receive a maternity benefit under the Labor Law of the country. Thus, the woman will be able to receive between 40% and 50% of her salary according to the cantonal rules of Bosnia and Herzegovina. However, in the Republika Srpska and the Brcko district, female employees are entitled to an additional 6 months of leave if they have twins. Likewise, it also has this extension for each child, after the third, with 100% of their salary.
There are 42 leave throughout the year.
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