Bolivia · Business and hiring
Starting a business and hiring in Bolivia
Source-checked79 sources, 68 officialHow we checkIn brief
You can reportedly own all of a company, but at most 15% of staff can be foreign. Most rules here aren't verified yet.
Company registrySEPREC
Foreign ownership100% reported
Foreign staff limit15% reported
PensionsPublic Gestora
Business and hiring: still being verified
| Topic | What we've found so far | Status |
|---|---|---|
| Company registry | Companies register with SEPREC, the state registry, since 2021. | Not yet verified |
| Foreign ownership | Foreigners can own 100% of a company. The legal representative needs a Bolivian ID or a foreign resident card. | Not yet verified |
| Foreign staff limit | At most 15% of staff can be foreign, and only technical staff. 85% of the payroll must go to Bolivians. | Not yet verified |
| Pensions | Pensions are run by the public Gestora. | Needs lawyer review |
| Bonuses, severance, contracts | Not confirmed yet. | Not yet verified |
Sources (3)
- Law 1398
- General Labour Law, Art. 3
- Law 065
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