Bolivia Geography, History, and Economy

Bolivia is a landlocked country in western South America, nestled in the Andean mountains. Its population is estimated to be 11 million, with multiple ethnicities represented including Amerindians, Mestizos, Europeans, Asians and Africans. Having been colonized by Spain in the 16th century, Bolivia is named for Simón Bolivar who led the country to independence in the early 19th century.

The country’s economy is tied to its rich mineral deposits including tin, silver, lithium, and copper. Its climate is varied with polar temperatures in the mountainous regions and sub-tropical temperatures in others. Bolivia’s variable altitudes also is a contributing factor to its rich biodiversity. Bolivia has more than 2,900 animal species, including 398 mammals and over 1,400 birds, 204 amphibians, 277 reptiles, and 635 fish, all freshwater.

2021
April 2Good Friday
May 1Labor Day / May Day
June 3Corpus Christi
June 21Aymara New Year Day
August 6Independence Day
October 17Day of Dignity
November 2All Saints Day
December 25Christmas Day
  • Limited Liability
  • Corporation
  • Partnership
  • Corporate Tax: 29%
  • Income Tax (Lowest Marginal Rate): 0%
  • Income Tax (Highest Marginal Rate): 25%
  • VAT/GST/Sales Tax: 13%
  • Banco Economico Bolivia (Local Bank)
  • Banco Ganadero (Local Bank)
  • Banco Prodem (Local Bank)
  • Banco Unión Bolivia (Commercial Bank)
  • Banco de Crédito de Bolivia (Commercial Bank)
  • Banco Mercantil Santa Cruz (Commercial Bank)
  • BBVA Previsión Bolivia (Commercial Bank)
  • Banco PYME Los Andes ProCredit (Commercial Bank)
  • Banco Solidario Bolivia (Commercial Bank)
  • Banco Nacional de Bolivia (State Bank)
  • HSBC (merger between Panama’s largest banking group Grupo Banistmo and HSBC Panama) (Foreign Bank)
  • Citibank (subsidiary of Citigroup which merged with Banco Uno and Banco Cuscatlan) (Foreign Bank)
  • Banco Bilbao Vizcaya Argentaria (Foreign Bank)
  • Banco Atlantico Panama (subsidiary of Banco Santander) (Foreign Bank)
  • Scotiabank (Foreign Bank)
  • Banco de la Nación Argentina Bolivia (Foreign Bank)
  • Banco do Brasil Bolivia (Foreign Bank)

Aadmi can support you with your expansion to Bolivia. Our team of experts in country manage every aspect of your expansion from incorporation, accounting, legal, and even administrative concerns.  Matched with Global People Strategist’s powerful labor compliance software, your company is in good hands.

Contact us today for more information about how your company can benefit from using Aadmi as your global expansion partner.

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