When looking for a jurisdiction in which to incorporate, the first thing to look at is the legal code. The body of law in Bosnia and Herzegovina is civil law law. You will want to get some local advice as to how to best structure a company in Bosnia and Herzegovina. E-signatures are allowed.
The letters BA is for Bosnia and Herzegovina and the most common company structure in Bosnia and Herzegovina is a DOO.
The amount you'll have to wait is about 7 weeks to setup a DOO in BA. The types of cash you can use to fund your business is frequently any legal currency.
Yes, one is allowed to re-domicile a DOO from BA. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a DOO in BA by yourself. Corporate Shareholders are permitted, which means you can have a legal entity as a shareholder. Foreign ownership is encouraged, up to 49% of the total equity of the company.
A DOO is only required to have 1 director on the board. Furthermore, corporate directors are permitted. Directors are disclosed publicly. There is a requirement to have annual meetings of shareholders.
A registered office is a requirement, whom the company will pay yearly, for an address which can receive a service of process on behalf of the business. A related requirement, a company secretary is not always necessary, at least not by law.
There is an obligation to file yearly tax returns. However, there is oftentimes a requirement to have these accounts audited.
Thin capitalization rules are in effect. A company is thinly capitalised when there is a greater proportion of debt than equity. The minimum capitalization for a Bosnia and Herzegovina Civil Law is 2,000.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are disclosed in the public registry of Bosnia and Herzegovina, Registar poslovnih subjekata (Registers of Business Entities in Bosnia and Herzegovia). Shareholders are not disclosed in the Registar poslovnih subjekata (Registers of Business Entities in Bosnia and Herzegovia).
Typically companies take 7 weeks to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Bosnia and Herzegovina is a good option and have given it a score of 73 as an IO score, using the Incorporations.IO proprietary formula.
7 weeksto form