Steps for establishing a business

Steps for establishing a business in Bosnia and Herzegovina

1. STEP
Establishment Contract*

2. STEP
Payment of initial capital

3. STEP
Registration at the Ministry of Foreign Trade and Economic Relations BiH

4. STEP
Registration at the competent court (municipality court)

5. STEP
Making a company stamp

6. STEP
Opening a bank account in a commercial bank

7. STEP
Registration of the company and staff at Pension and Disability Fund

8. STEP
Obtain permission for beginning of activity

9. STEP
START BUSINESS

Duration and costs of establishing a business

The court registration procedure of establishing a business takes 5 days and the registration at the Ministry of Trade and Economic Relations of BiH takes 10 days, according to the law (due to technical difficulties the complete procedure in practice may take up to 30-45 days).

The costs are as follows:
Administrative costs: cca. 500 EUR
Lawyer costs: cca. 500 – 1,000 EUR

* Establishment Contract has to be made by notary.