U.S. demand for accountants abroad increased 4x in 2024
Read the whitepaper
Book a demo
U.S. demand for accountants abroad increased 4x in 2024
Read the whitepaper
Your guide to the employment landscape, working customs and local labor laws in Bosnia and Herzegovina.
Capital
Sarajevo
Currency
Convertible Mark (BAM)
Languages
Bosnian, Serbian, Croatian
GDP per Capita
$6,818
Employer Tax
10.5%
Payroll Frequency
Monthly
Bosnia and Herzegovina hold the freedom score of 63.4 and is 68th freest in the 2022 list. In the Europe region, out of 45 countries, it is ranked 36th for GDP. The GDP growth rate of the country majorly depends on manufacturing such coal, iron and industries as chemicals. Since 2021, the country has boosted its GDP rank.
Major economic hubs:
Sarajevo, Banja Luka, Zenica, Tuzla
Skills in demand:
Local: 1
World : 1899
Local: 2
World : 4156
Local: 3
World : 4200
Local: 4
World: 5528
Local: 5
World : 5689
Jobisland, JobBoardFinder, LinkedIn
333,500
Top Local Job Boards:
Top Local Job Boards
Number of LinkedIn users:
Number of LinkedIn users
Top Recruitment Agencies:
Below mentioned are some job titles in Bosnia and Herzegovina and the average monthly salaries;
| Job Title | Average Monthly Salary | Average Monthly Salary |
| Financial Manager | 4,800 BAM | 2593 USD |
| General Manager | 4,150 BAM | 2242 USD |
| Business Development Manager | 3,580 BAM | 1934 USD |
| Financial Analyst | 2,980 BAM | 1610 USD |
| Business Analyst | 2,870 BAM | 1550 USD |
| Project Manager | 2,500 BAM | 1350 USD |
Bosnia and Herzegovina’s Employment law are collective information on labor laws, benefits, deductions, and allowances. These laws are implemented for all employees. Learn more about this here.
The language of the employment contract in Bosnia and Herzegovina must be Bosnian, Serbian, Croatian, or the language which is understandable by both parties.
The probation period for newly hired employees in Bosnia and Herzegovina ranges from 3 to 4 months.
| Date | Name | Type | Details |
| 1 Jan | New Year’s Day | Public holiday | |
| 2 Jan | New Year’s (Day 2) | Public holiday | |
| 1 Mar | Independence Day | Public holiday | BiH |
| 1 May | Labor Day | Public holiday | |
| 2 May | Labor Day (Day 2) | Public holiday |
| Type of Leave | Time Period | Mandatory |
| Annual/Earned Leave | Atleast 18 days | Yes |
| Sick Leave | 42 days | Yes |
| Maternity Leave | 12 weeks | Yes |
Payroll cycle
The payroll cycle in Bosnia and Herzegovina is Monthly.
Minimum wage
The minimum wage in the Federation of Bosnia and Herzegovina is 543BAM and in Republika Srpska is 590BAM.
Overtime pay
There is no mandatory percentage for overtime work. However, it is based on the collective agreement between employers and employees.
| Fund | Contributions |
| Pension and Invalid Insurance | 6% |
| Health Insurance | 4% |
| Unemployment Insurance | 0.5% |
For the Federation of Bosnia and Herzegovina (FBiH):
| Fund | Contributions |
| Pension and Invalid Insurance | 17% |
| Health Insurance | 12.5% |
| Unemployment Insurance | 1.5% |
For Republika Srpska (RS):
| Fund | Percentage of Gross Salary |
| Pension and Invalid Insurance | 18.5% |
| Health Insurance | 12% |
| Unemployment Insurance | 0.6% |
| Child Protection | 1.7% |
For Brčko District (BD):
| Fund | Percentage of Gross Salary |
| Health Insurance | 12% |
The Annual Taxable income rate is a flat rate of 10%, irrespective of the provinces.
The standard VAT rate in Bosnia and Herzegovina is 17%.
There is no statutory law for the 13th month of Pay in Bosnia and Herzegovina.
The employee and the employer can terminate the employment contract with a Notice period and severance pay based on years of service. The employer can immediately terminate the contract based on the reason for redundancy.
The notice period in Bosnia and Herzegovina is fifteen days.
The severance pay of the employee must be 1/3rd of the employee’s average monthly salary for each year of service or more than six average salaries.
A work permit visa is required for an individual to work in the country. Also, to avail of the work permit, the individual must provide all the personal documents, the employee contract, and evidence for administrative expenses within the country.
Expand globally and hire talent in 150+ countries without having to set up an entity. Use Multiplier's Employer of Record to manage the complete employee experience while having the flexibility to enter new markets.
Overtime Pay
Minimum Wage
Overtime Pay
Visa and Immigration
By use case
By team
By company size