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Expand your global workforce in BaBosnia

globalpedia-content-bosnia-2.jpg

Population

3,475,000

Languages

1.

Bosnian

2.

Croatian

3.

Serbian

Country Capital

Sarajevo

Currency

Convertible mark (BAM)

EOR Default Thumbnail

Employer of Record in Bosnia.

G-P provides employer of record services for customers that want to hire employees and run payroll without first establishing a branch office or subsidiary in Bosnia. Your candidate is hired via G-P’ Bosnia PEO in accordance with local labor laws and can be onboarded in days instead of the months it typically takes. The individual is assigned to work on your team, working on your company’s behalf exactly as if he or she were your employee to fulfill your in-country requirements.

4Holidays per year
40hours per weekWorking hours per day or month
Payroll Default Thumbnail

Payroll in Bosnia.

Bosnia and Herzegovina is a country in southeastern Europe on the Balkan Peninsula. It borders Croatia, Serbia, Montenegro, and the Adriatic Sea, and it’s increasingly becoming a popular tourist destination. The country’s prime location makes it an attractive place for companies looking to expand to southeastern Europe.

Hiring in BaBosnia.

Hiring employees in Bosnia and Herzegovina is essential to a successful incorporation. Your employees are the ones who will help build your company every day, and hiring the right people will make a difference in your daily operations. However, it’s not as simple as just recruiting and hiring talented employees. You have to follow Bosnia and Herzegovina employment compliance laws and continue to manage your parent company and subsidiary.

Compensation & Benefits in Bosnia.

The two most important things you can give to your employees are compensation and benefits. Providing a high level of compensation and giving more than just the statutory benefits will help you attract top talent and encourage employees to stay in their positions longer. Plus, meeting Bosnia and Herzegovina’s compensation laws and benefits requirements will help you stay compliant and avoid fines and delays.

BAM596 per monthMinimum wage per month
20daysAnnual vacation leave (min)
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Bosnia Subsidiary.

The most time-consuming aspect of an expansion is establishing a subsidiary. Depending on where you are and what type of entity you choose, your company could be forced to wait as long as a year to begin operations in Bosnia and Herzegovina. In that time, you’re likely to lose the chance to hire certain employees. You could also lose business deals, and you’ll have to deal with Bosnia and Herzegovina subsidiary laws.

Work visas & permits in BosniaTypes of work visasRequirements to obtain a visaApplication processImportant considerations

Bosnia Visas & Permits.

Bosnia and Herzegovina is an economically diverse and dynamic country with big potential. Its major cities attract expatriates around the world, and a strong service sector, as well as a growing tourism industry, draw businesses such as yours. Unfortunately, expanding globally also includes certain challenges, such as figuring out how to get a Bosnia and Herzegovina work visa for every employee.

Disclaimer

THIS CONTENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE LEGAL OR TAX ADVICE. You should always consult with and rely on your own legal and/or tax advisor(s). G-P does not provide legal or tax advice. The information is general and not tailored to a specific company or workforce and does not reflect G-P’s product delivery in any given jurisdiction. G-P makes no representations or warranties concerning the accuracy, completeness, or timeliness of this information and shall have no liability arising out of or in connection with it, including any loss caused by use of, or reliance on, the information.

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