Legal forms of business

As previous announced, this article is about first steps on foundation of company in Bosnia and Herzegovina.

Corporate

This section includes general information regarding the foundation of a company in Bosnia- Herzegovina, which comprises the following:

legal framework
legal forms of company
Foundation act and Articles of Association of company
business activities of company
branch office of company
bodies of company
procurer of company
termination of a company

Legal framework

First of all, it is necessary to indicate that Bosnia-Herzegovina is a complex state divided into two Entities and one District:

The entity of the Federation of Bosnia-Herzegovina
The entity of the Republika Srpska
Brčko District of Bosnia-Herzegovina

Foundation, operation, management and termination of a business company in Bosnia-Herzegovina is regulated at the level of entities of Federation of Bosnia-Herzegovina and Republika Srpska, that is, by the Law on Business Companies of the Federation of Bosnia-Herzegovina (Official Gazette of the Federation of Bosnia-Herzegovina nº 23/1999, 45/00, 2/02, 6/02, 29/03, 68/05, 91/07, 84/08, 88/08, 07/09 and 63/10) and the Law on Business Companies of the Republika Srpska (Official Gazette nº 127/2008 and 58/2009). The procedures and adoption of decisions of the competent courts is governed by the Framework Law on Registration of Business Entities of Bosnia-Herzegovina (Official Gazette of Bosnia-Herzegovina nº 42/04), and the entity Law on Registration of Business Entities of the Federation of Bosnia-Herzegovina adopted in accordance with the mentioned Law (Official Gazette of the Federation of Bosnia-Herzegovina nº 27/05, 68/05 and 43/09) and the Law on Registration of Business Entities of the Republika Srpska (Official Gazette of the Republika Srpska nº 42/05).