Steps for establishing a business in B&H

Steps for establishing a business in B&H

FEDERATION OF BIH

 

Step I

Establishment Contract (by notary)

Step II

Payment of initial capital

Step III

Registration at the competent court (municipality/district commercial court)

Step IV

Making a company stamp

Step V

Opening a bank account in a commercial bank

Step VI

Registration of the company and staff at the Tax Administration

Duration and costs of company registration

According to the Law, the court registration procedure of establishing a business takes five days.



Table – costs per steps


REPUBLIC OF SRPSKA

 

Step I

Verification of the founding act by a notary

Step II

Payment of initial capital

Step III

Registration request submit at the Intermediary Agency for IT and financial services - APIF (Agency is responsible for court registration, issuance of the tax and statistic number)

Step IV

Making a company stamp

Step V

Open a bank account in a commercial bank

Step VI

Registration staff at the Tax Administration

Duration and costs of establishing a business company

The registration process with APIF takes three days.



Table – costs per steps

For more information how to establish business in B&H please click here

Testimonials & Success Stories
 

Global Investment Promotion Best Practices 2012 of the World Bank has cited one example of support that FIPA provides to foreign investors who are running business in Bosnia and Herzegovina in order to contribute to increase the flow of foreign capital in the country.

The article said:  

„The Foreign Investment Promotion Agency (FIPA) of Bosnia and Herzegovina was an early convert to the idea of providing facilitation services to agribusiness investors as a way to maximize the positive impact of agriculture on the economy.

In 2007, for example, FIPA assisted a Dutch food processing company establish a US$1.6 million production facility to process unused milk ingredients into value-added products in Sarajevo to sell to markets in Eastern Europe and the Middle East.

As part of its aftercare program, FIPA assisted the company with its expansion plans. Among other things, the agency helped facilitate veterinary permissions, navigate various bureaucratic hurdles and played an important role in securing funding for the company’s expansion. It also helped develop a network of local suppliers and customers. As a result of these efforts, the Dutch investor developed stronger links with the Bosnian economy, thus increasing the positive spillover effects on the local economy.

Currently a new investment to establish a drying facility for milk powder is under way. This will further expand the processing facilities of unused milk ingredients. This additional planned investment is worth approximately US$2.8 million, thus nearly trebling the company’s original investment in the country“.

 

Steps for establishing a business in B&H

Follow us
Investment Project