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Steps to Start a Company in Bosnia and Herzegovina

If you’re planning to start a company in Bosnia and Herzegovina, here are the key steps you need to follow:

1. Choose a unique company name
First and foremost, you should select a unique company name and check its availability in the Companies Register. Once confirmed, you can proceed to the next step.

2. Deposit the minimum capital
After that, a minimum deposit of 1,000 KM is required to start the company. This amount serves as your start-up capital.

3. Prepare the act of incorporation
Next, the act of incorporation must be drawn up by a notary. This can either be a resolution or a contract, depending on the type of company you’re forming.

4. Deposit the capital into a transitional account
Once the start-up capital is secured, it should be deposited into a transitional account. Afterward, you will proceed with the registration process.

5. Register at the relevant court
Then, your company needs to be officially registered at the relevant court, marking a crucial step in the process.

6. Make a company stamp
After registration, it’s important to make a company stamp, which is commonly required for official documents.

7. Choose an accountant and register with the tax authority
In addition, you will need to select an accountant and register the company with the tax authority, ensuring legal compliance.

8. Open a company bank account
Finally, after completing all the above steps, the last thing you need to do is open a company bank account.