Bosnia and Herzegovina

Ease of Doing Business in

Bosnia and Herzegovina

This page summarizes Doing Business 2015 data for Bosnia and Herzegovina. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Europe & Central Asia
Income Category Upper middle income
Population 3,829,307
GNI Per Capita (US$) 4,740
City covered Sarajevo
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
107 104 down -3

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
60.55 60.24 down 0.31

Starting a Business

Info

The challenges of launching a business are shown below. Included are: the number of steps entrepreneurs can expect to go through to launch, the time it takes on average, and the cost and minimum capital required as a percentage of gross national income (GNI) per capita.

DB 2015 Rank 147 DB 2014 Rank*** 142 Change in Rank down-5
DB 2015 DTF** (% points) 72.51 DB 2014 DTF** (% points) 72.45 Change in DTF** (% points) up0.06

Information on new business density and number of newly created firms with limited liability can be found at Entrepreneurship Database.

Indicator Bosnia and Herzegovina Europe & Central Asia OECD

The total number of procedures required to register a firm. A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries).

View methodology
Procedures (number)
11.0 5.0 4.8

The total number of days required to register a firm. The measure captures the median duration that incorporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

View methodology
Time (days)
37.0 12.1 9.2

Cost is recorded as a percentage of the economy’s income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

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Cost (% of income per capita)
14.6 5.3 3.4

The amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the economy’s income per capita.

View methodology
Paid-in min. capital (% of income per capita)
28.6 5.8 8.8
No. Procedure Time to Complete Associated Costs
1 Stipulate a founding act and have it notarized by a notary 5 days BAM 400
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 1 day no charge
3 Obtain the statement of tax authorities that the founders have no tax debts 1 day BAM 15
4 Court registration with Municipal Courts 10 days BAM 405 (registration fee) + BAM 150 (publishing fee)
5 Buy a company stamp 1 day BAM 40
6 Obtain the Certificate of the business premises 10 days BAM 10
7 Notify the commencement of the business activities to the Cantonal Inspection Authority 1 day no charge
8 Apply for company identification number with the competent tax office 5 days no charge
9 Open a company account with commercial bank 1 day no charge
10 Enroll the employees in health insurance with Health Insurance Institute and in the pension insurance 1 day no charge
11 Adopt and publish a rule book on matters of salary, work organization, discipline, and other employee regulations. 1 day no charge

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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