Article
3 min read
Author
Anja Simic
Published
August 12, 2021
Last Update
July 04, 2024
Table of Contents
Registration process for sole traders in the Federation of Bosnia and Herzegovina
Registration process for sole traders in Republika Srpska
Making a business stamp
Submitting documents to the Tax Administration
Next steps
Ensure compliance with our localized contracts
Bosnia and Herzegovina comprises two autonomous entities: the Federation of Bosnia and Herzegovina and Republika Srpska. Each has its own laws and regulations, so opening a company is also a bit different. We have gathered all the important information you need in order to start a business in either part.
The decision on the registration is made by the department of economy of the city or municipality, the so-called registration authority, based on the following documentation:
The documents required for sole traders who want to register in Republika Srpska are the following:
After providing the mentioned documents for inspection, the registration authority is obliged to make a decision on the registration within two days, if all the documentation is correct.
Upon receiving the decision, the proprietor has to make a business stamp, which costs between 20 and 50 KM.
Within five days from the day of issuing the decision, the sole proprietor is obliged to submit these documents to the Tax Administration:
The last step is opening a designated business bank account. To open the bank account, you will need the following documents:
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Disclaimer: Be aware that this article is not a substitute for legal advice. Please always check official websites or seek legal advice before you take action.
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