This guide is intended for future investors and entrepreneurs who plan to start their own business in Sarajevo Canton.
It provides information on the establishment of a limited liability company, as well as crafts and related activities, along with an overview of the necessary steps in the founding process, detailing the necessary documents for each of the procedures, providing the list of institutions and estimating the establishment costs. It also includes an overview of the relevant information from laws that regulate these areas.
We kindly remind you that simplification of procedures for establishing a business and obtaining numerous permits began and that minor deviations are possible in regard to costs and steps described.
REGISTRATION OF A LIMITED LIABILITY COMPANY IN SARAJEVO CANTON
ASSUMPTIONS
– This part of the guide assumes that you are planning to register a limited liability company (LLC).
– It is also assumed that your LLC will employ a minimum of 15 people and that turnover will exceed BAM 50.000.
– You will need initial capital of BAM 1.000.
– It is estimated that a minimum of BAM 1.360 is required for various applications, fees, registration, stamp design and other procedures.
Note: Take into account the costs of document certification, which depend on the activities of the firm, and other costs such as lease of office space, furnishing, etc., which are not included in the aforementioned amount.
While you are waiting for certificates, permits and other documents, create and certify multiple copies of documents that you will need for other procedures including: a copy of a director’s ID and a copy of an ID card of the owner(s), and their Certificates of Residence Registration.
You will need a Decision on Registration in the Court Registry for several procedures and it is advised to make few certified copies.
Make several certified copies of the Certificate of Tax Registration, Certificate of VAT Registration and Notice of the Agency for Statistics of Bosnia and Herzegovina on Classification of the Subject Based on Activities.
