252 PERMITS SIMPLIFIED BY GUILLOTINE OF REGULATIONS

In the period from 2009 to 2011, from the beginning of implementation of the Regulatory Reforms Project (Guillotine of Regulations) in the Federation of BiH (FBiH), 384 permits were identified, out of which 252 have been simplified, making the savings for the private sector in the amount of 100 million BAM. 

In the period from 2009 to 2011, from the beginning of implementation of the Regulatory Reforms Project (Guillotine of Regulations) in the Federation of BiH (FBiH), 384 permits were identified, out of which 252 have been simplified, making the savings for the private sector in the amount of 100 million BAM.

The greatest simplifications were achieved by shortening the duration of processing procedures, and reducing the required documentation in some phases of business.

The result has been achieved in creating an electronic registry of all the procedures, respectively permits that are issued at the FBiH level, which are now available at the website of FBiH Government.

The goal of these efforts is to create the favourable atmosphere and environment for investors, both foreign, and domestic.

Within the project of “Strengthening competitiveness at different levels of BiH”, FBiH Employment Service (FZZZ), together with the Team for generating investments of the International Finance Corporation (IFC) which is affiliated to the World Bank (WB), initiated activities to develop procedures for issuing work permits to foreigners, which will improve the overall process and make it more efficient, thus encouraging foreign investment.

The benefits of new procedures are reflected in the achievement of uniformity in handling the applications for work permits at the level of Federation of BiH (FBiH), shortening and achieving optimum deadlines in individual phases of the process for issuing work permits, and reduced volume of necessary documentation from 18 to 8 documents.

FZZZ and cantonal employment services signed an agreement on the application of the new procedures for issuing work permits, which come into effect as of June 6 this year.

The new procedures are available at the FZZZ website: www.fzzz.ba