Enterprises registration procedure was simplified in RS

Within the reform of the business environment, as of the 1st December in RS new procedures have been introduced to simplify the registration of the company and to reduce costs. It was started the test phase of the one-counter system of businesses registration, according to which the person interested in registration of a business entity, after the notary processing or certification of the founding act, addresses only to the APIF and its business units in Banja Luka, Prijedor, Gradiska, Doboj, Modrica, Bijeljina, Zvornik , Istocno Sarajevo, Sokolac, Foca and Trebinje.

APIF will, instead of a party, perform communication with the competent court, the tax authority and will perform the tasks of classification of enterprises by activity.

In this regard, the company registration shall be made within three days, and the initial capital for the Ltd will be reduced from 2000 BAM to 1 BAM. Administrative and court fees will not be paid if the company is registered for the first time.