STAGES OF OPENING A COMPANY IN BOSNIA AND HERZEGOVINA
To establish a company in Bosnia and Herzegovina, founders should choose a distinctive name and create a constituent protocol and charter. They must gather documents from directors and shareholders, appoint a general director, and determine the authorised capital. The completed paperwork should be submitted to the municipal court at the company’s legal address, accompanied by payment of registration and state fees. All documents submitted to government agencies need to be notarized. Once registered, the company’s details are added to the Trade Register. Subsequently, it’s essential to open a local bank account and register the company with the tax authorities.
REGISTRATION FEATURES
The Parliamentary Republic of Bosnia and Herzegovina comprises three relatively independent entities: the Federation of Bosnia and Herzegovina, the Brcko District, and the Republika Srpska. Each region has federal and local laws, adding complexity to the business registration and operation process. Key federal regulations include the Framework Law on Registration of Business Entities and the Law on Commercial Companies.
Registering a new company in this jurisdiction typically takes 1-2 weeks, though in certain instances, the process may extend. To navigate potential challenges, we suggest seeking assistance from experienced COREDO managers.
