Bosnia and Herzegovina
Make employment in Bosnia and Herzegovina easy. Let us handle payroll, benefits, taxes, compliance, and even stock options for your team in Bosnia and Herzegovina, all in one easy-to-use platform.
- Capital City
Sarajevo
- Currency
Bosnia and Herzegovina convertible mark (KM, BAM)
- Languages
Croatian, Bosnian and Serbian
- Population size
3,301,000
Facts & Stats
- Capital City
Sarajevo
- Currency
Bosnia and Herzegovina convertible mark (KM, BAM)
- Languages
Croatian, Bosnian and Serbian
- Population size
3,301,000
- Ease of doing business
Easy
- Cost of living index
38.56 (2021)
- Payroll frequency
Monthly
- VAT - standard rate
17%
- GDP - real growth rate
2.7% (2019)
Bosnia and Herzegovina is a republic in Southeast Europe that’s home to the continent’s last remaining jungle, a population obsessed with bosanska kafa — Bosnian coffee, and the world’s only lunar clock.
The newly formed heart-shaped nation is based on liberal policies that have contributed to strong economic growth in agriculture and a burgeoning service industry.
Currently, the nation’s politics has it split into three constituent republics: the Federation of Bosnia and Herzegovina (FBiH), Republika Srpska (RS), and Brčko District, so our guide to employing in Bosnia will often feature three different sets of policies in force for the districts across the nation.
Grow your team in Bosnia and Herzegovina with Remote
Looking to employ workers in Bosnia and Herzegovina? Companies hiring in Bosnia and Herzegovina must either own a local legal entity or work with a global employment platform like Remote that can legally provide employment services in the country.
Remote can employ team members in Bosnia and Herzegovina and keep you compliant at all times. Remote can hire, onboard, and pay your Bosnian team so you don't have to set up local HR services in the region. Remote also makes it easy to pay contractors in Bosnia and Herzegovina. Sign up now to get started or talk to an expert for more details.
Risks of misclassification
Bosnia and Herzegovina, like many other countries, treats self-employed individuals or contractors and full-time employees differently. Misclassification of contractors in Bosnia and Herzegovina may lead to fines and penalties for the offending company.
Employing in Bosnia and Herzegovina
Provisions for employee protections and workers’ rights are spelled out in the Bosnian Constitution as well as several government statutes, such as the Labour Law of 1999, and the Employment Law of the Federation of Bosnia and Herzegovina. Employees in Bosnia and Herzegovina generally enjoy protection against discrimination based on age and race.
Common questions that could come up during the hiring process include the minimum wage, overtime rates, and guaranteed paid time off. Remote can help you offer a complete, competitive, and compliant benefits package to your employees in Bosnia.
Onboarding time
We can help you get a new employee started in Bosnia & Herzegovina fast. The minimum onboarding time we need is only 7 working days.
Our team ensures your employees are onboarded and paid as quickly as possible while keeping your business compliant with all local employment legislation. The minimum onboarding time begins after the employee submits all required information onto the Remote platform. The onboarding timeline is also dependent upon registration with local authorities.
For all non-nationals of the country of employment, the Right to Work assessment (if applicable) will add three extra days to the total time to onboard. There may be extra time required if we need to follow-up on the right to work assessment.
Please note, payroll cut-off dates can impact the actual first day of employment. Remote has a payroll cut-off date of the 10th of the month unless otherwise specified.
4 Public holidays
Competitive benefits package in Bosnia and Herzegovina
At Remote, we’re passionate about helping you craft the best possible employee experience for your team. We are leading the way in developing globally competitive benefits programs. This means making sure employees everywhere have access to both the required and supplemental benefits they need to thrive, and your company has the localised expertise needed to attract and keep the best global talent.
Our benefits packages in Bosnia and Herzegovina are tailored to fulfil the local needs of employees. Typically, our packages contain some or all of the following benefits:
Health Insurance
Dental Insurance
Vision Insurance
Mental Health Support
Pension or 401(K)
Life and Disability Insurance
Taxes in Bosnia and Herzegovina
Learn how employment taxes and statutory fees affect your payroll and your employees’ paychecks in Bosnia and Herzegovina.
6%
Pensions & invalid insurance
4%
Health insurance
0.5%
Unemployment insurance
Federation of Bosnia and Herzegovina
Types of leave
Across the nation, employees are limited to 20 days of paid leave annually, while workers in the Federation of Bosnia and Herzegovina (FBiH) can enjoy up to 30 days of paid holiday every year.
Employment termination
Termination process
Employee contracts can be terminated with written notice provided a reasonable justification is provided.
Notice period
Notice periods can range from at least 14 days to a maximum of three months.
Severance pay
Unless they’re let go for misconduct, employees are typically entitled to a severance package determined by collective bargaining or whatever is stipulated in the employment contract.
Severance benefits cannot be less than a third of an employee’s wages for each year they were employed.
Probation periods
Probation can last between 1 and 6 months.
Fair Pricing in Bosnia and Herzegovina
Employer of Record
Hire and pay your global team
Starting at USD 599/month
for annual plans
Top features
Satisfaction guaranteed
No deposits or hidden fees
Zero onboarding or offboarding fees
Compliant equity incentives support including withholding and reporting
Built-in security and compliance
Fast onboarding (average 2-3 days)
Flexible, localised benefits
Contractor Management
Compliantly onboard and pay contractors
USD 29
per contractor/month
Start free trialTop features
Only pay for contractors you actively work with
Work with contractors in 200+ countries
Create, edit, and sign tailored, localised contracts
Approve contractor invoices with one click or auto-pay
Transparent payments with complete visibility
Global Payroll
Consolidate your multi-country payroll
USD 50
per employee/month
Top features
Reduce costs by centralising payroll management
Ensure local compliance for every country
Direct support from in-house local payroll experts
Accurate, on-time, compliant payroll to level-up your employee experience
Tax and labour authority reporting handled for you
Top features
Guided onboarding and offboarding
Employee profile and document management
Time and attendance (time off and tracking)
Expense management and reimbursement
Employee self-serve on the platform and mobile app