Open company in:



News:
 image
Partner Law Firms
We encourage you to contact our partner law firms in Bucharest: Rolegal and E&C, both part of our legal network.
April 19, 2018
Tax Minimization Structures
BridgeWest is specialized in special corporate structures designed for tax minimization.
April 12, 2018
Buying a European shelf company with VAT number
Whenever you need to start doing business immediately in a European country and you need a company with a VAT number, you don’t have to wait for the bureaucratic procedures.
April 12, 2018

Company Formation Bolivia

Updated on Tuesday 24th April 2018

Rate this article
based on 1 reviews


This is a country with an economy that has at its core substantial reserves of natural gas, crude oil, tin, silver and other goods, but also crops of rice, cotton, coffee or soybeans. Thus, many foreign entrepreneurs choose to set up companies in Bolivia. For more information or assistance in the procedures of starting a business in Bolivia, please seek counsel from our team of specialists in company formation.
 

Legal structures in Bolivia


In order to open a company in Bolivia, you should first decide on which type of company you want to establish. You may choose from the following legal entities: the limited liability company, the Bolivian public corporation, the limited liability partnership. A different approach is if you opt for creating a branch or a representative office, as these ones are dependent to their parent-company. The most commonly incorporated type is the limited liability company and the requirements for it are:
 
- at least one director (who has to be a Bolivian resident);
- minimum two shareholders;
- minimum share capital of 1$.
 
The process of incorporating a company in Bolivia should not take more than a few weeks and the company can be 100% foreign-owned. 
 

Steps for company registration in Bolivia


1. You first have to choose a name for your company and then check its uniqueness at the Registry of Commerce.
 
2. Then the notarizing of the incorporation articles is necessary and also the publication of a notice, announcing the new company's registration, in a local Bolivian newspaper.
 
3. For company registration in Bolivia you must also register at the National Tax Service (Servicio de Impuestos Nacionales), in order to obtain a tax identification number. You need to submit some documents for this procedure, but our company formation agents can make sure that this process is completed as soon as possible.
 
4. The next step of the company formation process in Bolivia is obtaining a municipal license for business and also a registration card. Some of the papers you need are the application form, the copy of the public certificate of incorporation, a document to prove the domicile of your company etc.
 
5. Last, you need to deposit minimum 25% of the capital at the Commercial Bank and obtain an evidence for it. Then you need to register your company's certificate with the Registry of Commerce.
 
For assistance or further information on how to register a company in Bolivia or in other countries, feel free to contact our team of company formation experts.
 

Comments

There are no comments.

Please note that URLs are not allowed in the message.

*
*