Employer of Record (EOR) in Bosnia and Herzegovina

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.

Some EOR providers like Native Teams also offer services for individuals like freelancers, remote workers, digital nomads, and other solo professionals, allowing them to get a legally “employed” status and employment benefits in their home countries. 

The costs for Employer of Record services in Bosnia and Herzegovina are highly dependent on the specific EOR provider, 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.

Starting at only €99 per employee per month, businesses can access an all-inclusive EOR solution, allowing them to hire and manage employment in compliance with the labour laws in Bosnia and Herzegovina.

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 and solo professionals work in compliance with employment laws and regulations. With the help of an EOR provider, businesses can compliantly hire team members, and individuals can regulate their employment status 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.