Ease of Doing Business in


Bolivia Download Profile (1874.2KB, pdf)
Region Latin America & Caribbean
Income Category Lower middle income
Population 10,724,705
GNI Per Capita (US$) 3,080
City covered La Paz



DB 2017 Rank



DB 2017 DTF (% points)

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Topics DB 2017 Rank DB 2016 Rank info_outline Change in Rank DB 2017 DTF (% points) info_outline DB 2016 DTF (% points) info_outline Change in DTF (% points) info_outline
Overall 149 147 down
49.85 49.82 down
Starting a Business 177 176 down
62.94 61.75 up
Dealing with Construction Permits 152 142 down
57.18 60.60 down
Getting Electricity 99 95 down
68.19 68.00 up
Registering Property 139 142 up
49.90 49.90
Getting Credit 133 127 down
35.00 35.00
Protecting Minority Investors 137 136 down
41.67 41.67
Paying Taxes 186 186
21.41 21.41
Trading across Borders 98 96 down
68.41 68.41
Enforcing Contracts 128 134 up
51.57 49.72 up
Resolving Insolvency 96 96
42.28 41.71 up

Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

DB 2017 Rank: 177

DB 2016 Rank: 176

Change in Rank: down1

DB 2017 DTF (% points): 62.94

DB 2016 DTF (% points): 61.75

Change in DTF (% points): up1.19

Indicator Bolivia Latin America & Caribbean OECD high income
Procedure – Men (number) info_outline 14.0 8.3 4.8
Time – Men (days) info_outline 45.0 31.6 8.3
Cost – Men (% of income per capita) info_outline 54.1 31.5 3.1
Procedure – Women (number) info_outline 14.0 8.3 4.8
Time – Women (days) info_outline 45.0 31.6 8.3
Cost – Women (% of income per capita) info_outline 54.1 31.5 3.1
Paid-in min. capital (% of income per capita) info_outline 0.0 2.3 9.2
No. Procedure Time to Complete Associated Costs

Check the uniqueness of the company name

Agency: Registry of Commerce in FUNDEMPRESA

The existence of the company name can be verified though the web or by telephone at no cost. However, if a name reservation certificate is obtained, the fee is BOB 136.50.
1 day BOB 136.50

Hire an attorney to draft the articles of incorporation, bylaws and constitution act, which includes the appointment of the provisory board

Agency: Lawyer

Professional fees may vary. The lawyers association’s fee schedule (Colegio de Abogados) establishes that the minimum fee for the company incorporation should be BOB 6,000. The fee for processing the formalities at the registry may also vary.
1 day BOB 6,000 legal fee + BOB 1,300 procurement for processing of documents with Registry

Notarize the Articles of Incorporation “escritura de constitución”

Agency: Notary

Several notarized copies of public deeds are required for filing according to the procedures discussed here. Most other documents required for registration must also be notarized. The notary cost is BOB 480–1,500 a copy.
1 day BOB 1000 + BOB 80 per copy (3 copies)

Publish company deed “titulo de constitución” in a national newspaper

Agency: National newspaper

Pursuant to the proceedings undertaken by the Registry of Commerce, the publication of the incorporation deed needs to contain at least the following:
1) Notarial introduction
2) Transcription of clauses regarding:
a. Place and date of the signature
b. Name, age, marital status, nationality, profession, domicile, id number for natural persons that are shareholders and name, nature, nationality and domicile of the juridical persons that are shareholders
3) Denomination and domicile of the incorporated company
4) Purpose of the company
5) Amount of the capital
6) Amount contributed by each shareholder. In sociedades anónimas, also is necessary to establish the authorized capital, the subscribe capital and the paid in capital
7) Term of duration of the company

The firm must wait until the documents are actually published before filing the request to obtain legal capacity with the Registry of Commerce.

The cost of publication ranges from BOB 400 to BOB 1,100. According to article 132 of the Code of Commerce, the publication must be made in a newspaper of wide national circulation.
2 days BOB 80 per page

An accredited accountant prepares the opening balance sheet “Balance de apertura”

Agency: Any accredited accountant

The accountant must be accredited at the “Colegio de contadores.”
1 day BOB 700

The opening balance sheet is administered by the seal of the Colegio de Contadores

Agency: Colegio de Contadores

The Colegio de Contadores must certify that the accountant is a registered one. The cost will depend on which "Colegio de Contadores" the accountant is registered in.
1 day BOB 54 for each balance sheet

Register at the National Tax Service to obtain the tax identification number (Número de Identificación Tributaria, NIT)

Agency: National Tax Service (Servicio de Impuestos Nacionales)

All companies must obtain a Tax Identification Number which will the allow them to pay and declare all corresponding taxes, including VAT. Business founders must submit the following to the National Tax Service:
(a) public deed of the company’s articles of incorporation,
(b) a utility (electricity or water) bill to evidence the domicile of both the
company and the legal representative,
(c) public deed of the power of attorney granted in favor of the company’s legal
(d) representative’s identification document,
(e) sketch of the company's domicile,
(f) opening balance sheet.
1 day no charge

Obtain a municipal business license and a municipal registration card (Padrón Municipal) from the municipality where the business is located

Agency: Municipality

According to the procedure Manual issued by the Municipality of the city of La Paz, the following documents are required:
- Application Form,
- Utility (electricity or water) bill to evidence the domicile of the company,
- Copy of the Tax Identification Number,
- Sketch of the domicile and layout of the offices,
- Copy of the public deed of incorporation,
- Original and copy of the public deed of the power of attorney granted in favor of the company’s legal representative,
- Original and copy of the representative’s identification document.
12 days no charge
* 9

Municipal Government inspects the technical and environmental characteristics of the venue

Agency: Municipal Government

All new businesses must pass inspection by the Municipal Government for adequate technical and environmental characteristics of the venue.
1 day, simultaneous with previous procedure no charge

Register the company deed with the Registry of Commerce to obtain legal capacity (Matricula de Comercio)

Agency: Registry of Commerce in FUNDEMPRESA

Since 2002 a concession for the Registry of Commerce has been granted to a private operator (Fundación para el Desarrollo Empresarial, FUNDEMPRESA).

Registering the company deed requires filing the following documents:(a) application for new registration (Form 0020/03), (b) public deed of incorporation, comprising the charter documents, by-laws and the deed whereby the provisional board of directors is appointed, (c) power of attorney granted to the legal representative, (d) opening balance sheet certified by the Colegio de Contadores, (e) bank certificate or deposit stub, certifying the deposit of the paid-in capital, (only relevant if there is startup capital) (f) newspaper publication of the incorporation deed.
5 days BOB 584.5

Register at the appropriate Chamber of Commerce or Industry

Agency: Chamber of Commerce or Industry

Pursuant to Article 54 of Supreme Decree 16833 (dated July 19, 1979) and to Supreme Decree 17242 (dated March 3, 1980), all companies must be registered at their respective chambers of commerce, however, in practice it is not done and there are no penalties.
1 day BOB 493

Register for national health insurance and short-term disability coverage

Agency: Any health insurance institution

The employer may register with any health insurance institution (Caja Nacional de Salud, Caja Petrolera de Salud, Caja de Salud de la Banca Privada, etc.). The employer fills and submits the required forms, attaching copies of the proof of identification for the company’s legal representative, the articles of incorporation, the commercial registry certificate, the tax identification number (TIN), the opening balance sheet (duly registered) and payroll, and employees’ civil status (along with names, proof of identity, and names of dependents). Three forms must be completed for the employer and two for each employee.
15 days BOB 15 per form, 3 forms

Register at the Ministry of Labor, enroll in the “Registro Obligatorio de Empleadores-ROE”

Agency: Ministry of Labor

The following documents need to be presented to the Ministry Office for registration:
1- Copies of the form "ROE- Registro Obligatorio de Empleadores". This form can be filled trough the website: www.mintrabajo.gob.bo
2- Deposit of BOB 145- to the Bank Account Nº 1-6036425 in the "Banco Unión."

It is mandatory to register with the Ministry of Labor within 3 months of the incorporation.
1 day BOB 145

Register employees with the pensions system (Sistema Integral de Pensiones)

Agency: AFP

New employees must register within 10 days of starting employment. If an employee fails to register during this time, the employer must fulfill the requirement.
3 days no charge

* Takes place simultaneously with another procedure.