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Bolivia

Bolivia Flag

Country: Bolivia
Region: Americas
Currency: Bolivian boliviano (BOB) (Bs)
Languages: Spanish
Time Zone: UTC -4

Phone Code: +591

Communications: OK

Formation Cost: 2900 - 3500 USD$
Formation Time: 30 - 50 days
Maintenance cost: 800 - 1200 USD$

Executive Summary: Bolivia is located in central South America, to the south west of Brazil. Covering an area of just over 1m sq km, the country is divided between the Amazon rainforest to the east and the Andes mountains to the west. The population stands at just over 10m and Spanish is one of three official languages, the other two being the indigenous languages of Quechua and Aymara. Bolivia ranks at or near the bottom among Latin American countries in several areas of health and development. However recent economic reforms have stimulated growth and cut poverty rates. The global recession slowed growth, but Bolivia recorded the highest growth rate in South America during 2009. Tax-privileged free zones have been set up to encourage investment, and there are further incentives in the hydrocarbon sector. Political and social tensions and underinvestment continue to present challenges for the country, however.

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

Capital primary business districts: La Paz, Sucre, Santa Cruz de la Sierra

Good Relationships: Canada, China, Germany, Netherlands, Switzerland, United States

Bad Relationships: Burma, Cuba, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Light

Tax Burden - Individual: Light

Headline tax rates: CIT 25%, PIT 12.5%-13%, VAT 13%

Treaty Jurisdictions: Argentina, Colombia, Ecuador, France, Germany, Peru, Spain, Sweden, United Kingdom

TIEA Jurisdictions: None

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