provides objective measures of business regulations and their enforcement across 183 economies and selected cities at the subnational and regional level. Learn more...
no charge, KM250 minimum if made by a lawyer, depending of complexity
Registration Requirements Details
Procedure 1.
Stipulate a founding act and have it notarized in the municipality office
Time to complete:
7 days
Cost to complete:
BAM 300
Name of Agency:
Comment:
The system of Notary was introduced in May 2007: The Law on Enterprises of FBiH; The Law on Notary of FBiH. The amended Law on Enterprise determines that all legal entities are required to harmonize business activities in accordance with a new Standard Classification of Activity. The Law on Notary requires all documentation needed for registration of a company to be prepared and certified by the public notary.
Procedure 2.
Obtain a statement from commercial bank that full amount of the capital has been paid in; pay the registration fee to the budget account of the cantonal court
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
Procedure 3.
Obtain the statement of tax authorities that the founders have no tax debts
By law, regulated forms must be completed. These forms may be purchased at a stationery shop or at the court (BAM 15), to be prepared according to the regulations on registering legal entities in the court register. After the court registration of the new company, the court informs the Official Gazette to announce the prepared notice.
Companies are automatically registered for membership in the chambers of economy at the state, entity, canton, and regional levels. Since 2004, membership in the Chamber of Economy of the Federation of Bosnia and Herzegovina and the Chamber of Economy of the Republic of Srpska is voluntary. The fees for chambers of economy in Bosnia and Herzegovina are as follows: - State level: Foreign Trade Chamber of Bosnia and Herzegovina. For the membership fee, the company may choose one of two options (a) a fee of 1% of the declared customs value of imported or exported goods and services; or (b) a fee of 2% of the monthly sum of paid salaries. - Entity level: Chamber of Commerce of Federation of Bosnia and Herzegovina. For the membership fee, the company may choose one of two options (a) a fee of 1.7% of the company’s bruto paid salaries for all employees; or (b) a fee based on the number of employees, (e.g., BAM 150 for 31–50 employees). - Cantonal (for Federation of Bosnia and Herzegovina) : Chamber of Economy. For the membership fee, the company pays 3% of its bruto income. - Regional (for Republic of Srpska): BAM 20 for capital in the amount of 250.000 b) 0.02% of the annual revenue - Brcko District level: Chamber of Economy.
Procedure 5.
Buy a company stamp
Time to complete:
1 day
Cost to complete:
BAM 40
Name of Agency:
Comment:
Procedure 6.
Application for resolution on intended activities to the competent municipality
Time to complete:
1 day
Cost to complete:
BAM 10
Name of Agency:
Comment:
Novo Sarajevo and Centar, two out of the 4 municipalities making up the City of Sarajevo, reduced the cost for this procedure to BAM 10. However, the other two municipalities' costs range between BAM 300 to BAM 1000.
Procedure 7.
Application for utilization permit to the canton ministry of commerce
Time to complete:
15 days
Cost to complete:
BAM 150
Name of Agency:
Comment:
The application should be submitted to Canton Inspections (all the inspections are centralized at one place), and depending on the company’s scope of business, the relevant inspectors perform control at the company’s business premises and issue the "approval to perform business." For example, if the company’s scope of business is trade, the trade inspector and the employment inspector must perform the control. For this permit, the following must be submitted: a copy of the resolution on the intended activities; a copy of court registration; evidence of business premises possession; an appropriate attestation for electric power, issued by an authorized institution (the landlord should have obtained this document); and a copy of the employee registration forms. If the company produces a product, an attestation must be submitted for the machines.
Procedure 8.
Apply for company identification number with the competent tax office
Time to complete:
15 days
Cost to complete:
no charge
Name of Agency:
Comment:
When filing an application for statistical and taxpayer numbers simultaneously with the competent tax authorities (according to Regulations on Obtaining ID Numbers [Official Gazette No. 39/02]), the newly incorporated company must submit with the application form a photocopy of the court resolution (registration) and the contract on the lease of the business premises, resolution of the competent municipality on the intended activities (this resolution must confirm that certain activities may be exercised at a certain address), and a copy of the Director of the company's ID card.
Procedure 9.
Open a company account with commercial bank
Time to complete:
1 day
Cost to complete:
no charge
Name of Agency:
Comment:
Procedure 10.
Enroll the employees in pension insurance with Pension Insurance Institute (Zavod za penziono osiguranje)
Time to complete:
1 day
Cost to complete:
BAM 1 (application form)
Name of Agency:
Comment:
The following documentation should be submitted: a copy of the concluded employment contract, a copy of the registration set of the company at the Court Register of Companies, Form M2 (obrazac M2), and the employee work booklet.
Procedure 11.
Enroll the employees in health insurance with Health Insurance Institute (Zavod za zdravstveno osiguranje)
Time to complete:
1 day
Cost to complete:
BAM 1 (application form)
Name of Agency:
Comment:
The following documentation must be submitted for health insurance purposes: the application for pension insurance, the application for health insurance (obrazac ZO1), the employee identification card, and the health booklet.
Procedure 12.
Adopt and publish a rule book on matters of salary, work organization, discipline, and other employee regulations.
Time to complete:
1 day
Cost to complete:
no charge, KM250 minimum if made by a lawyer, depending of complexity
Name of Agency:
Comment:
The procedure applies to employers who hire more than 15 workers. The company’s body authorized to issue internal regulations shall pass these rulebooks and does not have to submit them anywhere.
View all indicator data and topic details for this economy.