Improving the business environment in B&H

 

The Foreign Investment Promotion Agency (FIPA) has launched in collaboration with other relevant institutions in B&H many activities aiming at improving the business environment and at realizing larger flux of direct foreign investment. One of these activities is solving of problems related to registration of the business entities. Given that this area is regulated by entities’ laws, recently the Government of RS have adopted a set of 13 laws whose application will significantly facilitate business activities.

It is important to note among them the Law on Amendments to the Law on the Agency for Intermediary, IT and Financial Services of RS that regulates the work and objectives of the Agency in whose jurisdiction the registration of companies will be placed. This means that the Agency will have the role of the One Stop Shop.

Procedures and duration of the limited liability company registration were significantly reduced by this reform, and the capital stock of the companies now amounts to 1 KM.