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Company formation Bolivia

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This South American nation is located in a privileged position within Latin America, sharing a border with 5 countries. Bolivia has an open economy, and recent governments have ensured that investors receive the same treatment as locals, resulting in an increase in foreign direct investment and trade. As Bolivia's middle class grows and the population becomes increasingly educated, many foreign companies look to establish a company to access new clientele and take advantage of low labour costs. Check out the presentation below created by our legal team in Bolivia to discover the key steps involved in the company formation process.

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Company formation Bolivia

  1. 1. How to Form a Company in Bolivia? www.bizlatinhub.com
  2. 2. Why Incorporate a Company in Bolivia? Growing middle-class and economy Rich in non-renewable resources Low VAT rate - 13% A great trading platform, bordering 5 countries Impressive agricultural sector
  3. 3. Types of Legal Entities Limited Liability Company (S.R.L.) Corporation (S.A.) Branch Office Limited Liability Partnership The majority of companies that are set up in Bolivia are either Limited Liability Companies (Sociedad de Responsabilidad Limitada - SRL) or Corporations (Sociedad Anonima – SA). This presentation will outline the process of forming a Limited Liability Company.
  4. 4. Fact Sheet S.R.L. Yes Is foreign ownership allowed? Yes Can the company sponsor foreign employees? No Are there capital controls? 6-8 weeks once all documentation is submitted How long does it take? (including bank account) USD$1 Is there a minimum share capital? 2 What is the minimum number of shareholders? Yes Are a fiscal address and legal representation required?
  5. 5. How to do it. In order to successfully form your company, you will have to follow the steps outlined in this presentation. There are 6 main steps involved in this process.
  6. 6. Step 1 A POA is a legal document allowing our team to form the company on your behalf. Draft and Sign a Power of Attorney (POA)
  7. 7. Step 2 The company bylaws define a company’s purpose and how it will operate. Create the Company Bylaws
  8. 8. Step 3 Before all the required governmental authorities (Ministerio de Economía y Finanzas Publicas, Camara de Comercio e industria etc.). Register the Company
  9. 9. Step 4 Register with the national tax authority and obtain company tax ID number (NIT). Obtain the company and tax ID numbers
  10. 10. Step 5 Subscribe the capital you wish to invest in the company. Initial company investment
  11. 11. Step 6 You will have to open a corporate bank account and deposit the required capital in order to activate it. Open and activate a corporate bank account
  12. 12. Biz Latin Hub is a market leader in helping individuals and companies to successfully do business globally and has multilingual services that are reliable, tailored and responsive. Our group is owned and managed by an experienced team of local and expat professionals, dedicated to assisting our clients to navigate their way through the complexities of the global business environment. We can help!
  13. 13. See how our services can support your global expansion. Legal Services Accounting & Taxation Immigration
  14. 14. Are you ready to expand globally? Contact us now. contact@bizlatinhub.com www.bizlatinhub.com

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