Thursday, 5 February 2009

Guest Post - How to set up a company in Bosnia

D has finally negotiated the labyrinthine red tape surrounding setting up a company in Bosnia and is now officially registered, with a bank account and an employee. He started the process in August. Along the way he's learnt a few lessons. Things like the employer needs to pay 60-70% in taxes to the government on top of an employees salary - that makes employing someone a whole lot more expensive. Things like it takes 3 people to check an office 20m sq. Anyway, if anyone is thinking of setting up a company in Bosnia they would do well to read the following post - written by the man himself.


Here’s the process I went through to setup a business in Tuzla (in the Federation). For most of the steps I was following advice given by either the business centre where I was renting office space, the notary, or the accountant.

Step 1.
Get an accountant. I didn’t bother for a couple of months and it caused all sorts of issues. Ideally get a recommendation from someone, I ended up using the accountants that also worked for the business centre. For a small company 1-5 employees with a few transactions a month the fees seem to be around 250KM a month.

Step 2.
You will need to visit a Notary to prepare all your documents. I paid around 900KM for all my documents but I don’t know if that was a good price. It normally takes only a couple of days for the documents to be prepared. If you want the Bosnian company to be owned by another company you will need notarized documentation that show that you have authorization to act on the parent company’s behalf.

Note: Get used to visiting the notary. Almost all documents that you submit for applications, from opening personal bank accounts to work registration, will require notarized copies of documents such as your passport. Why they can’t take their own copy of the passport I don’t know, it’s very frustrating, time consuming and costly.

Step 3.
You will need to deposit 2,000KM into a bank account for the company’s initial capital.

Step 4.
You will need to pay around 1,000KM in various state and federal taxes. The notary should advise you on what needs to be paid.

Step 5.
You will need to get approval from Sarajevo to start your company. The notary will provide you with the documents to send.

Step 6.
It normally takes 1-2 weeks for the company to be approved. Unless you employ an agent to act on your behalf you will need to pick up the documents from Sarajevo in person.

Step 7.
You then need to get approval from the local Tuzla court which takes another week. In my case they wanted to remove one of the permitted activities for the company which required me going to the notary to get an official document removing the listed activity.

Step 8.
You need to get a company stamp. Whenever you sign a company document you will also use your stamp. The stamp is very important and if you lose it you need to notify the authorities.

Step 9.
You need to register the office lease with the tax department, they will need notarized copies of the office lease and will stamp the back of your lease agreement.

Step 10.
You next need a statistics number (company ID number), which again involves providing notarised copies of the office leases (with the tax department stamp) and other notarized documents used for registering the company. This took about a week.

Step 11.
You can then open your company bank account. Again this will require notarised copies of the various documents showing the company registration and your identification.

Step 12.
You then need to arrange for the municipality to come around and check your offices are fit for the business purpose. From the date of application to the first time they were available to visit was around 3 weeks. (In my situation they sent 3 people to check that an office of 20 square meters in size was suitable for writing software.) It’s then another couple of weeks before the documentation arrives.

Step 13.
You are now allowed to employ someone. But you cannot register them for social security or health care until the director of the company is registered. This is something the accountant can help you out with.

I started the process in mid-August and finished around mid-Jan. It could have probably been done a little quicker if I had really pushed but not much.

Other things to be aware of:

- As a foreign person working for the company you need to pay yourself at least the average wage, which is currently 800KM. The employer social security tax is then another 60-70% on top of that.
- Once the company has been registered (Step 7) you will need to be paying yourself and state taxes.
- Your accountant will need to file a tax return for the company bi-annually (Jan-June and July-Dec).

The next step is to get temporary residence status (issued for one year) for that you need notarized copies of:

- Passport
- White card (visitor permit issued by police)
- University degree translated by a court interpreter.
- Company registration documents
- Contract for lease of office
- Company ID document
- Permit for technical use of offices
- 2 x 100KM fees paid to Canton and Biro

Once you have permission to stay you need to leave the country and come back in then register with the police (you may need to have a police report from home).

297 comments:

1 – 200 of 297   Newer›   Newest»
Anonymous said...

Thanks for taking the time time out to describe the process - we are a charity working in BiH (Novi Most International) and considering ways of helping young people get involved in business - and this information is really, really helpful!! It's great. Hope the business does well in Tuzla! We have friends at an English school there, if you are interested!

Anonymous said...

where to buy tramadol tramadol for dogs expiration date - best website order tramadol

Anonymous said...

where to buy tramadol gabapentin and tramadol for dogs - 400 mg tramadol high

Anonymous said...

ativan online ativan overdose treatment - ativan generic brand name

Anonymous said...

buy tramadol online mastercard overnight tramadol 50 mg and tylenol - buy tramadol line usa

Anonymous said...

can you buy tramadol online where can i buy tramadol for my dog - tramadol vs percocet high

Anonymous said...

generic tramadol online tramadol hcl msds - can you buy tramadol dominican republic

Anonymous said...

buy ativan online treatment of ativan withdrawal - ativan online mastercard

Anonymous said...

tramadol no rx where to buy tramadol online usa - safest place buy tramadol online

Anonymous said...

tramadol online tramadol dosage supplied - buy tramadol overnight delivery

Anonymous said...

ativan online ativan or xanax better - ativan vs xanax for flight anxiety

Anonymous said...

tramadol online tramadol hcl versus hydrocodone - buy tramadol overnight shipping

Anonymous said...

klonopin online klonopin vs xanax - klonopin dosage yellow

Anonymous said...

buy klonopin online klonopin side effects tingling - highest safe dosage klonopin

Anonymous said...

generic tramadol tramadol 75 mg - buy tramadol dogs online

Anonymous said...

buy tramadol no prescription overnight get through tramadol withdrawal - buy cheap tramadol online usa

Anonymous said...

buy tramadol tramadol for dogs how often - is buying tramadol online illegal

Anonymous said...

klonopin without prescriptions klonopin withdrawal youtube - klonopin withdrawal in newborn

Anonymous said...

buy tramadol online no prescription overnight tramadol 50mg capsules dosage - tramadol high similar

Anonymous said...

buy ativan buy lorazepam online canada - drug for ativan overdose

Anonymous said...

buy tramadol online tramadol dosage rabbits - tramadol legal to buy online

Anonymous said...

buy tramadol without prescriptions buy tramadol online fedex delivery - tramadol addiction treatment

Anonymous said...

clonazepam drug klonopin 2mg - effects of klonopin wiki

Anonymous said...

ambien online ambien neonatal withdrawal - buy cheap ambien no prescription

Anonymous said...

buy ativan online generic brand of ativan - where can i buy lorazepam online

Anonymous said...

tramadol online buy tramadol from india - tramadol online yahoo

Anonymous said...

ambien without prescription ambien generic 73 93 - ambien cr rebate

Anonymous said...

ambien without prescriptions generic ambien over counter - generic of ambien cr

Anonymous said...

soma without prescription buy soma online usa - soma online

Anonymous said...

buy cheap ativan lorazepam 1 mg withdrawal - ativan your system

Anonymous said...

buy tramadol online no prescription overnight tramadol to get high - buy viagra tramadol

Anonymous said...

tramadol without prescription could you overdose tramadol - tramadol hcl 50 high

Anonymous said...

where to buy tramadol online tramadol 50 mg online - tramadol online in europe

Anonymous said...

buy tramadol no prescription overnight can you order tramadol - tramadol dosage rabbits

Anonymous said...

buy lorazepam interaction between ativan and alcohol - apo-lorazepam 1 mg side effects

Anonymous said...

tramadol online cod tramadol 50 mg price - buy tramadol cod shipping

Anonymous said...

ambien sleep medication ambien sleeping tablets usa - ambien vomiting

Anonymous said...

buy tramadol cod next day delivery buy tramadol 50 mg - tramadol hcl recreational use

Anonymous said...

buy tramadol overnight cod tramadol hcl solubility - tramadol tablets

Anonymous said...

soma muscle relaxant soma generic fedex no prescription - best generic soma

Anonymous said...

buy tramadol india tramadol online bluelight - tramadol euphoria dose

Anonymous said...

buy ambien online ambien drug recall - where to order ambien online

Anonymous said...

can you buy tramadol online buy tramadol us pharmacy - cheap tramadol sale

Anonymous said...

discount ambien ambien cr usa - buy ambien online cheap

Anonymous said...

buy klonopin side effects from stopping klonopin - 2mg. klonopin for sleep

Anonymous said...

buy tramadol uk tramadol dosage 100 pound dog - ultram 50 mg online

Anonymous said...

soma drug buy soma online us - soma restaurant san francisco

Anonymous said...

ambien 5 price of generic ambien - ambien side effects blurred vision

Anonymous said...

viagra online cheap viagra 100mg uk - order viagra online in uk

Anonymous said...

is it safe to order viagra online generic viagra online pharmacy review - buy viagra in nyc

Anonymous said...

clonazepam medication klonopin tolerance - klonopin withdrawal youtube

Anonymous said...

order zolpidem can you buy ambien costa rica - can i buy ambien online

Anonymous said...

buy klonopin online klonopin drug interactions - what's maximum dosage klonopin

Anonymous said...

order ambien online ambien drug type - ambien and xanax

Anonymous said...

viagra online cheap viagra online - generic viagra yahoo answers

Anonymous said...

buy tramadol buy cheap tramadol cod - tramadol high duration

Anonymous said...

cheap klonopin online klonopin alcohol overdose death - klonopin dosage social anxiety

Anonymous said...

buy ambien online overnight ambien 10mg vs 5mg - generic ambien doesn't work as well

Anonymous said...

buy tramadol cod next day delivery buy tramadol online in florida - buy tramadol online tennessee

Anonymous said...

generic ambien buy ambien now - ambien cr crushed

Anonymous said...

buy viagra online without rx cheap generic viagra online uk - buy viagra online canada no prescription

Anonymous said...

cheap klonopin online klonopin and suboxone high - buy klonopin mastercard

Anonymous said...

cheap ambien online ambien side effects diarrhea - buy ambien sleeping pills

Anonymous said...

soma 350 mg drug soma side effects - soma yahoo answers

Anonymous said...

cheap generic viagra cheap viagra cialis - viagra online overnight shipping

Anonymous said...

viagra online generic viagra usa - generic viagra sildenafil 100 mg uk

Anonymous said...

tramadol online tramadol hcl 50mg tab mylan - tramadol hcl while breastfeeding

Anonymous said...

klonopin pharmacy klonopin dosage instructions - 2mg klonopin equal

Anonymous said...

carisoprodol without prescription buy real soma online - soma san diego address

Anonymous said...

order viagra prescription buy 4 viagra - buy viagra super active

Anonymous said...

buy tramadol in florida purchase tramadol with mastercard - tramadol high yahoo

Anonymous said...

buy ambien online ambien side effects throwing up - ambien sleeping pills dosage

Anonymous said...

soma online soma 4one5 - soma online legal

Anonymous said...

viagra buy viagra online consultation - viagra online lowest price

Anonymous said...

order herbal viagra best place buy viagra - viagra rxlist

Anonymous said...

zolpidem 10 mg safe buy ambien online - generic version ambien cr

Anonymous said...

soma online soma san diego 2011 - buy generic soma online

Anonymous said...

cialis online cialis 5mg tablets price - generic cialis walgreens

Anonymous said...

buy viagra online prescription viagra buy online - generic viagra chewable

Anonymous said...

generic tadalafil cialis generic india - cialis online+toronto

Anonymous said...

buy viagra and cialis online generic viagra canada online pharmacy - buy viagra condom

Anonymous said...

buy viagra online buy viagra uk over counter - generic viagra online overnight delivery

Anonymous said...

buy tramadol for dogs tramadol versus ultram - tramadol 100mg tablets

Anonymous said...

buy soma online no prescription cheap furniture soma - soma san diego show times

Anonymous said...

buy tramadol cod online order tramadol with mastercard - tramadol ultram alcohol

Anonymous said...

buy tramadol ultram beat tramadol addiction - 100mg of tramadol side effects

Anonymous said...

cheap viagra next day delivery viagra buy nz - best place buy viagra online reviews

Anonymous said...

tadalafil without prescription buy eli lilly cialis - cialis daily or 36

Anonymous said...

order viagra for women viagra online canada prescription - buy liquid viagra uk

Anonymous said...

buy tramadol cash on delivery tramadol hcl shelf life - tramadol hcl msds

Anonymous said...

buy tramadol online tramadol for fibromyalgia - tramadol hcl 300 mg

Anonymous said...

buy soma online no prescription soma the muscle relaxant - buy soma online usa

Anonymous said...

viagra pharmacy buy viagra eu - buy viagra online with paypal

Anonymous said...

can you buy viagra at walmart cheapest place buy viagra uk - buy viagra online overnight

Anonymous said...

cialis online buy cheap cialis australia - buy cialis online without rx

Anonymous said...

viagra price buy viagra for women - buy viagra online new york

Anonymous said...

buy tramadol saturday delivery safe order tramadol online - what does 100 mg tramadol look like

Anonymous said...

cialis without prescription cialis 27 90 - cialis online pharmacy australia

Anonymous said...

buy propecia online much does generic propecia cost - propecia youtube

Anonymous said...

buy tramadol cheap no prescription tramadol for dogs itching - buy tramadol no prescription mastercard

Anonymous said...

buy cheap viagra no prescription viagra blue vision - viagra 100mg price

Anonymous said...

buy propecia online propecia side effects dissipate - propecia results after one month

Anonymous said...

buy strattera strattera lexapro - strattera just like adderall

Anonymous said...

tramadol 100 tramadol withdrawal after short term use - buy tramadol with paypal

Anonymous said...

cheap viagra 100mg can buy viagra online canada - buy viagra in thailand

Anonymous said...

cialis drug cialis online rezeptfrei kaufen - buy cialis without doctor prescription

Anonymous said...

buy tramadol online tramadol withdrawal effects - order tramadol with free shipping

Anonymous said...

tramadol 50 mg tramadol ultram recreational - buy tramadol online in florida

Anonymous said...

propecia without prescription propecia propak - generic propecia good

Anonymous said...

tramadol 100mg tramadol hcl an 627 - tramadol hcl er dosage

Anonymous said...

buy tramadol for dogs order tramadol free shipping - buy tramadol extended release

Anonymous said...

strattera drug strattera drug abuse - strattera youtube

Anonymous said...

can you buy tramadol online legally buy tramadol no prescription online - tramadol for dogs usa

Anonymous said...

tramadol online pharmacy tramadol hcl warnings - can you buy tramadol over the counter

Anonymous said...

where to buy tramadol online tramadol dosage information - generic tramadol online no prescription

Anonymous said...

cheap generic propecia propecia results after 3 months - can you buy propecia in uk

Anonymous said...

buy tramadol 100mg tramadol hcl usage - ultram tramadol for depression

Anonymous said...

where to buy retin a micro retin a cream janssen cilag - retin a reviews for acne

Anonymous said...

buy tramadol 100mg buy tramadol no prescription cod - xymel 50mg tramadol hydrochloride

Anonymous said...

buy retin-a online retin-a online australia - retin-a micro x vitanol-a

Anonymous said...

cialis online cialis jakarta - reviews for cialis

Anonymous said...

buy tramadol tramadol 50mg buy online - buy tramadol uk no prescription

Anonymous said...

buy tramadol online buy tramadol dogs usa - effects of tramadol overdose

Anonymous said...

buy tramadol online cheap buy tramadol online overnight shipping - tramadol qt

Anonymous said...

buy tramadol online no prescription tramadol hcl 150 - tramadol online order

Anonymous said...

where can you buy retin-a retin a cream expired - retin a cream usa boots

Anonymous said...

buy tramadol 180 tramadol hcl non-narcotic - buy tramadol cod delivery

Anonymous said...

buy tramadol online no prescription buy cheap tramadol - high on tramadol

Anonymous said...

buy strattera strattera side effects yahoo - buy strattera atomoxetine

Anonymous said...

buy retin a online where to buy generic retin a cream - where to buy retin a cream

Anonymous said...

order tramadol online buy tramadol overnight - where to buy tramadol usa

Anonymous said...

tramadol online tramadol withdrawal 2011 - buy tramadol online cheap

Anonymous said...

buy tramadol online tramadol overdose death - tramadol tablets

Anonymous said...

buy retin-a retin a .1 dosage - where to buy retin-a micro pump

Anonymous said...

buy tramadol mastercard tramadol same high vicodin - tramadol 180

Anonymous said...

tramadol 50mg tramadol ultram side effects dogs - tramadol yellow pill

Anonymous said...

buy strattera online dosing of strattera in children - strattera to study

Anonymous said...

buy tramadol tramadol 50mg online - tramadol n024

Anonymous said...

order propecia online propecia generic efficacy - generic propecia american express

Anonymous said...

buy tramadol online cheap order tramadol online 100mg - how to buy tramadol online overnight

Anonymous said...

generic propecia online finasteride no prescription - propecia discount

Anonymous said...

retin a online retin a cream molluscum - retin a gel or cream better

Anonymous said...

buy tramadol online no prescription cod addiction of tramadol - tramadol overdose much

Anonymous said...

tramadol 50mg 150 mg tramadol high - 001webs com buy tramadol online

Anonymous said...

buy strattera strattera reviews 2012 - generic version of strattera

Anonymous said...

buy tramadol online no prescription cod tramadol addiction therapy - tramadol for dogs high

Anonymous said...

buy retin-a online retin a micro cream - retin a cream reviews acne

Anonymous said...

tramadol 50mg tramadol dose pediatric - ultram brand of tramadol hydrochloride

Anonymous said...

tramadol 50 mg buy tramadol usa - where can i buy tramadol online usa

Anonymous said...

tramadol online pharmacy buy tramadol in florida - buy tramadol online with mastercard

Anonymous said...

propecia online pharmacy generic propecia by cipla - buy brand propecia online

Anonymous said...

retin a buy online retin-a gel (tretinoin) 0.025 - retin a cream brand names

Anonymous said...

tramadol 50 mg buy tramadol online bluelight - tramadol no prescription free shipping

Anonymous said...

generic tramadol online tramadol withdrawal long does take - high does tramadol get you

Anonymous said...

tramadol 50mg tramadol for purchase - tramadol ultram wiki

Anonymous said...

tramadol 50 mg tramadol overdose and narcan - buy tramadol overnight cod

Anonymous said...

tramadol online pharmacy buy tramadol online paypal - buy tramadol saturday delivery

Anonymous said...

buy retin-a online retin a for acne scars reviews - retin-a micro and birth control

Anonymous said...

tramadol 50 mg tramadol 50 mg veterinary use - 4 50 mg tramadol

Anonymous said...

buy tramadol online cod overnight tramadol 50 mg-myl - tramadol 50 mg much take

Anonymous said...

tramadol 50mg tramadol no prescription us pharmacy - tramadol 100mg tabs

Anonymous said...

tramadol no prescription tramadol withdrawal breathing - where to buy tramadol over the counter

Anonymous said...

purchase viagra buy viagra in tijuana - cheap viagra us online

Anonymous said...

order tramadol buy tramadol cod free - tramadol for dogs no prescription

Anonymous said...

tramadol online 30 tramadol 50mg - buy tramadol online tennessee

Anonymous said...

order tramadol what is ultram tramadol hcl 50 mg - 200 mg tramadol overdose

Anonymous said...

tramadol online tramadol for dogs used by humans - tramadol generic for ultram

Anonymous said...

cheap generic viagra buy viagra online us paypal - order viagra legally

Anonymous said...

generic viagra can you order viagra online - buy viagra no prescription us

Anonymous said...

viagra without prescription buy viagra qld - the online pharmacy viagra

Anonymous said...

cheap viagra viagra online mastercard - viagra for women flibanserin

Anonymous said...

buy cialis cialis 5mg daily price - best pharmacy price cialis

Anonymous said...

discount cialis cialis daily use - cialis soft tabs

Anonymous said...

tramadol 50 mg buy cheap tramadol overnight - tramadol hcl usp monograph

Anonymous said...

buy tramadol buy 180 tramadol online - buy tramadol in u.s

Anonymous said...

buy viagra cheap viagra online us - viagra online canadian pharmacy no prescription

Anonymous said...

buy cheap cialis buy cialis online no prescription canada - cialis for bph

Anonymous said...

cialis price cialis questions - buy generic cialis online australia

Anonymous said...

cheap viagra order viagra by phone - viagra zoloft interaction

Anonymous said...

buy cialis cheap cialis rx - levitra versus cialis reviews

Anonymous said...

generic viagra buy viagra online yahoo answers - cheap generic viagra online us

Anonymous said...

viagra online without prescription viagra cialis online pharmacy - buy viagra kamagra online

Anonymous said...

generic viagra buy viagra quick delivery - does viagra work when drinking

Anonymous said...

viagra no prescription viagra online prescription - viagra alternative

Anonymous said...

buy cialis no prescription buy viagra or cialis online - cialis daily and bph

Anonymous said...

cheap viagra buy viagra online overnight - cheap viagra soft

Anonymous said...

generic cialis cheap cialis super active - price quote+cialis

Anonymous said...

purchase cialis cialis daily vs. cialis 36 hour - buy liquid cialis online

Anonymous said...

generic viagra viagra online be - viagra online us paypal

Anonymous said...

cialis online pharmacy cialis online free sample - price difference between cialis and viagra

Anonymous said...

buy cialis buy cialis without doctor prescription - cialis online canada paypal

Anonymous said...

soma without prescription soma pills mg - soma bras embraceable

Anonymous said...

viagra online cheap viagra soft - is the viagra for women

Anonymous said...

generic cialis buy cialis online overnight shipping - cialis 30 mg

Anonymous said...

cheapest cialis buy cialis johannesburg - cialis daily needed

Anonymous said...

buy cialis buy cialis next day delivery - cialis everyday reviews

Anonymous said...

viagra online how to purchase viagra in us - purchase viagra in melbourne

Anonymous said...

cialis price buy cialis levitra viagra - cheap cialis daily

Anonymous said...

cialis for sale cialis online south africa - buy cialis eu

Anonymous said...

buy tramadol online buy tramadol overnight delivery no prescription - tramadol overdose dose

«Oldest ‹Older   1 – 200 of 297   Newer› Newest»