Employer of Record (EOR) in Bosnia and Herzegovina
Are you looking for a solution to hire employees in Bosnia and Herzegovina? With our Employer of Record (EOR) solutions, you can employ team members in Bosnia and Herzegovina without worrying about anything related to administration or compliance.
How does an EOR in Bosnia and Herzegovina work?
An EOR provider like Native Teams will help you hire employees without opening a legal entity in Bosnia and Herzegovina. The EOR will take care of the most complex employment tasks, including onboarding your new employees, drafting employment contracts, processing payroll, and ensuring that everything is compliant with local labour laws.
Who can use EOR Services in Bosnia and Herzegovina?
Native Teams have created EOR solutions that cater to the needs of businesses looking to hire abroad and pay their employees without any issues.
No matter if you’re a startup, a small business, or a large corporation, our EOR solutions can help you hire individuals in Bosnia and Herzegovina without opening a legal entity there. Native Teams will also handle employment contracts, payroll, and compliance with local labour laws.
Features of Native Teams EOR services in Bosnia and Herzegovina
Employers can hire, onboard, and pay their team members in Bosnia and Herzegovina without needing a local legal entity or worrying about compliance with local laws.
With Native Teams, you can automate your HR administration and have all the essential documents you need in one place. Our platform will help you centralise everything so you can always have access to important information and documentation in just a few clicks.
With Native Teams’ payroll calculator, which is adapted to 85+ countries’ labour laws, you can easily calculate salaries, taxes, benefits, and other deductions in Bosnia and Herzegovina.
With Native Teams, employers can offer all the perks of regular employment, including healthcare, insurance, and a pension, while working with their clients. This allows them to attract and retain the best global talent.
Explore our detailed hiring guide to learn more about the labour laws and regulations in Bosnia and Herzegovina.
What legal requirements exist for employment in Bosnia and Herzegovina
Employers are obligated to provide a written employment contract in the local language, including information about salaries, contributions, working hours, and other important employment details.
Employers who want to hire individuals from Bosnia and Herzegovina must have a legal entity in the country.
Every employer in Bosnia and Herzegovina must adhere to the local tax regulations regarding corporate taxes and employee tax withholdings.
Employers must also withhold social security taxes from the salaries of their employees and submit them to the relevant local authorities.
To avoid legal issues and penalties, employers must adhere to the country’s local labour laws, including regulations about minimum wages, working hours, paid leave, termination policies, and others.
Please note that all these requirements may vary depending on the job type, the employer and individual circumstances.
Why choose Native Teams as your Bosnia and Herzegovina Employer of Record?
With legal entities in more than 85 countries worldwide, Native Teams provides Employer of Record services to global businesses.
Our professional teams of legal and tax experts will help you stay compliant with all the legal requirements of hiring and paying your team members, as well as help you with tasks like HR admin, payroll, employee benefits, and more.
What you need to know?
An Employer of Record (EOR) is a third-party organisation that takes over the responsibility of employing individuals on behalf of their client companies. EOR providers handle administrative and compliance tasks such as payroll, tax withholding, employee benefits administration, and ensuring compliance with local labour laws.
The costs for Employer of Record services in Bosnia and Herzegovina are highly dependent on the specific EOR provider, the number of employees, and the scope of services provided. Native Teams is among the EOR providers that provide flexible and transparent pricing structures that can be adjusted according to your needs.
Businesses can access an all-inclusive EOR solution with Native Teams, allowing them to hire and manage employees in compliance with the labour laws in Bosnia and Herzegovina. Check our pricing page to see what we offer for your business.
EOR providers assume the role of legal employers for your company, meaning they take full responsibility for hiring employees, managing payroll, administering benefits, withholding taxes, and other functions. As such, EOR providers can be very beneficial for companies who want to hire in specific countries but don’t have their own legal entities there.
PEO providers cover only a portion of these responsibilities, including HR admin, payroll, and employee benefits administration. The client company remains the legal employer of their team members and retains a shared responsibility for compliance and employment management. As such, PEO providers can be beneficial for businesses with legal entities in their countries of employment but need expert assistance for handling HR administration.
The main responsibility of an EOR provider is to assume the role of the legal employer for their client companies. When using EOR services, your employees are formally employed through the provider’s entities in the country of employment. In addition to this, the provider also handles functions like onboarding and offboarding, employment contracts, payroll processing, benefits administration, compliance with local laws, and sometimes providing additional HR support.
Yes, using Employer of Record services in Bosnia and Herzegovina is absolutely legal. In fact, one of the main responsibilities of EOR providers is helping businesses work in compliance with employment laws and regulations. With the help of an EOR provider, businesses can comply with hiring team members in Bosnia and Herzegovina.
Opening a company in Bosnia and Herzegovina is a very complex and demanding process that requires legal expertise and financial resources. The process starts with registration with the local authorities, obtaining a unique tax number, opening a business bank account, and finding and registering a physical office space for your business before being able to hire your first employee.
All of these complex procedures can be easily skipped with an EOR provider. By acting as the legal employer for your company, your EOR provider will employ your team members through their legal entities and manage payroll, taxes, contributions, and other employment-related matters in compliance with local labour laws. This means that you can easily hire employees in Bosnia and Herzegovina and expand your business presence in the country without going through the process of opening a company or having to handle complex labour laws.
There is no specific limit on the number of employees you can hire in Bosnia and Herzegovina or any other country. Using the services of an EOR provider, you can secure legal employment for yourself and employ as many individuals as your business requires.