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Bosnia

Bosnia Flag

Country: Bosnia
Region: Europe
Currency: Bosnia and Herzegovina convertible mark (BAM) (KM)
Languages: Bosnian, Croatian, Serbian
Time Zone: UTC +1

Phone Code: +387

Communications: OK

Formation Cost: 3600 - 5000 USD$
Formation Time: 22 - 34 days
Maintenance cost: 1600 - 2200 USD$

Executive Summary: Covering an area of 51,000 sq km, Bosnia and Herzegovina is located in South East Europe bordering Croatia and the Adriatic Sea, and also sharing borders with Montenegro and Serbia. The population is 3.8m and consists mainly of Bosnians and Serbs, with a significant minority of Croats. A member of the Central European Free Trade Agreement since 2007, Bosnia is now politically stable following the military conflict which engulfed the Balkans in the 1990s. Ethnic divisions in politics and other spheres of life are still present, however. Economically, Bosnia is a country in transition, with a large state sector and only limited market reforms to date. Growth has been muted in recent years and unemployment remains very high. Steel production, coal and vehicle assembly are among the main industries. Bosnia hopes to join the European Union and its currency is currently pegged to the euro.

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Vehicle Types: Limited liability companies, joint stock corporations, unlimited joint liability companies, sole proprietors, general partnerships and limited partnerships

Capital primary business districts: Sarajevo

Good Relationships: Austria, Belgium, Bulgaria, China, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, India, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Pakistan, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Turkey, United Kingdom

Bad Relationships: Burma, Libya, Somalia, Sudan

Tax Burden - Business: Light

Tax Burden - Individual: Light

Headline tax rates: CIT 10%, PIT 10%, VAT 17%

Treaty Jurisdictions: Albania, Algeria, Austria, Azerbaijan, Belgium, China, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Moldova, Montenegro, Netherlands, Norway, Poland, Romania, Serbia, Slovak Republic, Slovenia, Spain, Sri Lanka, Sweden, Turkey, United Arab Emirates, United Kingdom

TIEA Jurisdictions: None

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