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Calculator","url":"https:\/\/www.bizlatinhub.com\/hiring-employees-international-peo\/#calculator"}]],"isPartOf":{"@id":"https:\/\/www.bizlatinhub.com#website"}},{"@type":"Article","@id":"https:\/\/www.bizlatinhub.com\/company-formation-in-bolivia\/#Article","url":"https:\/\/www.bizlatinhub.com\/company-formation-in-bolivia\/","inLanguage":"en-US","mainEntityOfPage":"https:\/\/www.bizlatinhub.com\/company-formation-in-bolivia\/#webpage","headline":"Company Formation in Bolivia - Biz Latin Hub","description":"Learn how to do a company formation in Bolivia to successfully incorporate your company and take advantage of business opportunities.","articleBody":"Embarking on the process of company formation in Bolivia is the first step in expanding your business presence in the country. The country has traditionally been overshadowed by its larger neighboring economies. Now, however, it is emerging in its own right as an attractive destination for foreign investors. The country is a member of the World Trade Organization and the Andean Community and an associate member of MERCOSUR, making company formation in Bolivia attractive. According to data from the Bolivian Institute of Foreign Trade (IBCE), in 2023, Bolivia's total trade volume reached $US 10.5 billion. The country's main trading partners in 2023 were Brazil, Argentina and China. This article will explain company formation in Bolivia and how to successfully enter this untapped market full of investment opportunities and potential. Biz Latin Hub can help you in La Paz, Sucre or elsewhere in Latin America and the Caribbean through our network of local offices across the region Why invest in Bolivia? Before entering the market, we recommend spending some time in the country gathering information on the level of demand for your products. The process of company formation in Bolivia takes time and you want to make sure you are ready. Engage with local business leaders and potential customers, and spread the word about your new venture by attending trade fairs and networking events. Be sure to acquire data on your industry\u2019s performance and assess key players. 3 Types of Business Formation in Bolivia After deciding to start the company formation in Bolivia process, you will need to select the best type of legal entity to suit your business needs and goals. The most common types of legal entities are outlined below: Company formation in Bolivia: Types of legal structures Limited Liability Company (Sociedad de responsabilidad limitada, SRL): This is the most simplified legal structure and the most common for most business activities. It requires a legal representative to be appointed within the company bylaws, a fiscal address, a minimum of two shareholders, and USD$500 of minimum capital. In our experience, this is one of the best entities to form in Bolivia. Corporation (Sociedad An\u00f3nima): Suitable for medium and large-sized companies. Corporations require three directors (one must be a resident of Bolivia) and three shareholders, who can be foreign or local. Incorporating a Corporation also requires a S\u00edndico (controller), an auditor, and a fiscal address. Companies that generate over USD$160,000 must submit annual financial statements to the Tax Authority and SEPREC. Branch (Sucursal): Setting up a branch office in Bolivia grants your foreign parent company the opportunity for full ownership, with 100% participation. To initiate this process, you need to officially register the branch office in Bolivia and designate a legal representative who must be a resident of Bolivia and have a local fiscal address. What are the Minimum Requirements to Incorporate an SRL in Bolivia? The 4 minimum requirements to incorporate an SRL in Bolivia are: Minimum of 2 shareholders, which can be either natural persons (i.e. individuals) or legal persons (i.e. entities.). Contribute a minimum initial capital of USD$500. \u2013 Important Note: Based on our experience, we would always recommend a minimum initial capital of USD$1500 to ensure an efficient bank opening process. Appoint a Legal Representative within the company bylaws, who must be a local national or a foreigner with the right to live and work in the country; normally this is a lawyer, the founder, or a senior executive within the company. Register a Fiscal Address which must be within the country and used for official correspondence.  Important Tip: The founding shareholders do not need to physically travel to the country as the establishment can be completed via a power of attorney What Documents Do You Need to Start Your Company Formation in Bolivia? To begin incorporating your new subsidiary company in Bolivia, you will need to provide the following: A name for your legal entity. Shareholders' identification documents. Confirm the business activities, corporate purpose, and primary operations. Minimum initial capital contribution. Company duration can vary from 1 to 99 years, with the possibility of renewal. Important Tip: We always recommend having a preferred legal name and two alternatives in case the primary legal name is unavailable. Company formation in Bolivia: Market outlook Register your Company in Bolivia Company formation in Bolivia can take 5 to 6 weeks after all required documentation is provided. Businesses must have a physical office, so before you start, you must purchase or rent office space in the country. To successfully incorporate a limited liability company in the country, you\u2019ll need at least two shareholders and one legal representative who must be a Bolivian or a foreign residing in Bolivia. Bolivia does not require you to travel to the country to complete the incorporation process. This means you can set up from anywhere and begin to recruit staff, saving you time and money. CEOs and investors who want to expand into multiple markets quickly will find this particularly attractive.  Since Bolivia is near other Latin American markets like Peru, Chile, Paraguay, and Brazil, company formation in Bolivia allows you to reach various nearby markets for trade. Once you have incorporated your company, you can apply for a corporate business account and begin trading freely in the market. 7 key steps to form a company in Bolivia Seven steps to form a company in Bolivia Step 1 \u2013 Gather Client Information Documents: Collect all necessary documents from clients including identification, proof of residence, and any additional documents required for specific business structures. Step 2 \u2013 Prepare the Powers of Attorney (POAs) for each shareholder: Draft and finalize the powers of attorney for each shareholder, ensuring they are legally compliant and notarized. Step 3 \u2013 Apostille, receive documentation and translate (for foreign shareholders): If any shareholder is a foreign national, their documents must be apostilled (if applicable), then translated into Spanish if they are not already. Receive all documentation and ensure it is complete. Step 4 \u2013 Notarize all the documents: Have all documents notarized by a public notary in Bolivia or a Bolivian consulate\/embassy if the documents are notarized abroad. Step 5 \u2013 Register the company in Bolivia: Submit all notarized and apostilled documents to the Public Registry of Commerce in the appropriate city and pay the registration fees. This step will officially establish the company. Step 6 \u2013 Secure the tax ID N\u00famero de Identificaci\u00f3n Tributaria (NIT) from the Tax ID Authority (Servicio de Impuestos Nacionales) and register the company fiscal address: Apply for the NIT from the Tax ID Authority and register the company's fiscal address. This step is crucial for tax compliance. Step 7 \u2013 Open the company bank account: Once the company is registered and has its NIT, open a bank account in the name of the company. This account will be used for financial transactions and to comply with banking regulations. Get a Bolivian Visa With Your Legal Entity Foreign executives planning to register a company in Bolivia can apply for a business visa. The country offers investors permanent residence after two years of living in the country. After residing continuously in the country for three years, citizenship becomes accessible. It is essential to consult with the Bolivian consulate or embassy in your home country to understand the specific requirements for this visa category. For those who wish to invest in Bolivia and remain in the country for more extended periods, there are other residency and citizenship options available. The Investor Visa (Visa de Inversionista) is for those planning to invest more than USD$50,000 in a Bolivian business or real estate. This visa allows investors to live in Bolivia for up to five years with the possibility of extending it further. FAQs when Forming a Company in Bolivia Answers to some of the most common questions we get asked by our clients. Can a foreigner own a business in Bolivia? Yes, a business in Bolivia can be 100% foreign-owned by either legal persons (legal entities) or natural persons (individuals). What is the Bolivia Company Tax ID? The Bolivia Company Tax ID is known as the NIT (N\u00famero de Identificaci\u00f3n Tributaria) it is also known as a Tax Identification Number, a unique identification number for tax purposes in Bolivia. How long does it take to register a company in Bolivia? Company formation in Bolivia can take 5 to 6 weeks after the required documentation has been provided by the client. What does an S.A. company name mean in Bolivia? The S.A. in a company name in Bolivia refers to a \u201cSociedad An\u00f3nima,\u201d which is similar to a joint stock company. This legal framework sets up the company as an entity distinct from its shareholders. Each holds shares that symbolize ownership. Shareholders' liability is limited to the value of their shares, creating a layer of protection. What does an SRL company name mean in Bolivia? An SRL company name in Bolivia stands for Sociedad de Responsabilidad Limitada, which is similar to Limited Liability Company in English. This legal entity operates independently from its shareholders, offering them limited liability. The SRL structure is widely used for company formation in Bolivia and the preferred choice for various types of business endeavors. What entity types offer Limited Liability in Bolivia?  The Sociedad de Responsabilidad Limitada (S.R.L.) is the limited liability entity type. What are the main differences between SA and S.R.L. in Bolivia? These are the main differences between an SA and an SRL in Bolivia: S.R.L. (Sociedad de Responsabilidad Limitada)S.A. (Sociedad An\u00f3nima)ShareholdersMinimum: 2Maximum: 25Minimum: 3Maximum: UnlimitedShareholders MeetingCalled Asamblea de SociosCalled Junta de AccionistasDurationUp to 99 years (renewable)Up to 99 years (renewable)CapitalSubscribedSubscribed, Paid, AuthorizedLegal Representation1 legal representative required (optional to add more)Board of Directors (Minimum: 3, Maximum: 12)Transfer of SharesShareholders meeting requiredFree transfer of shares Biz Latin Hub can help with Company Formation in Bolivia At Biz Latin Hub, our team of legal and accounting multilingual specialists is equipped to deliver excellence and provide services designed for international executives looking to expand into Latin America. We offer complete bilingual support for entering the market and handling administrative tasks.  Choose us as your leading contact for company formation in Bolivia and guarantee the success of your business activities. Contact us now, and we\u2019ll get back to you with a personalized strategy to unlock new commercial opportunities for your company in Bolivia. Learn more about our team and expert authors. Market entry and back-office services offered at Biz Latin Hub for company formation in Bolivia","keywords":"Business Opportunities, Company Incorporation, company registration, Immigration and Visas, ","datePublished":"2019-04-03T07:00:26-05:00","dateModified":"2024-11-06T10:40:42-05:00","author":{"@type":"Person","name":"Legal Team Bolivia","description":"Legal Team Bolivia is the Biz Latin Hub leading experts on doing business in Bolivia The Team writes on the news, doing business, law, and changing regulations. 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foreground. The rugged terrain and bright blue sky create a striking contrast with the white logo and text." decoding="async" srcset="https://www.bizlatinhub.com/wp-content/uploads/2022/12/54a724fa-front-bolivia-768x576.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2022/12/54a724fa-front-bolivia-300x225.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2022/12/54a724fa-front-bolivia-1024x768.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2022/12/54a724fa-front-bolivia.png 1200w" sizes="(max-width: 768px) 100vw, 768px" fetchpriority="high"></div> </figure> <header class="entry-header ct-container"> <h1 class="page-title" title="Company Formation in Bolivia: What you need to know">Company Formation in Bolivia: What you need to know</h1><ul class="entry-meta" data-type="label:slash" ><li class="meta-date" ><span>First published On</span><time class="ct-meta-element-date" datetime="2019-04-03T07:00:26-05:00">April 3, 2019</time></li></ul><ul class="entry-meta" data-type="label:slash" data-id="second" ><li class="meta-updated-date" ><span>Last Updated On</span><time class="ct-meta-element-date" datetime="2024-11-06T10:40:42-05:00">November 6, 2024</time></li></ul> </header> </div> <div class="ct-container-full" data-content="narrow" data-vertical-spacing="top:bottom"> <article id="post-156438" class="post-156438 post type-post status-publish format-standard has-post-thumbnail hentry category-bolivia category-latam tag-business-opportunities tag-company-incorporation tag-company-registration tag-immigration-and-visas"> <div class="entry-content is-layout-flow"> <p>Embarking on the process of company formation in Bolivia is the first step in <strong><a href="https://www.bizlatinhub.com/company-formation/" target="_blank" rel="noreferrer noopener">expanding your business</a></strong> presence in the country. The country has traditionally been overshadowed by its larger neighboring economies. Now, however, it is emerging in its own right as an attractive destination for foreign investors.</p> <p>The country is a member of the World Trade Organization and the Andean Community and an associate member of MERCOSUR, making company formation in Bolivia attractive. According to data from the Bolivian Institute of Foreign Trade (IBCE), in 2023, Bolivia’s total trade volume reached $US 10.5 billion. The country’s main trading partners in 2023 were Brazil, Argentina and China.</p><div id="ez-toc-container" class="ez-toc-v2_0_69_1 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction"> <p class="ez-toc-title" style="cursor:inherit">Table of Contents</p> <label for="ez-toc-cssicon-toggle-item-67494e660495e" class="ez-toc-cssicon-toggle-label"><span class="ez-toc-cssicon"><span class="eztoc-hide" style="display:none;">Toggle</span><span class="ez-toc-icon-toggle-span"><svg style="fill: #000000;color:#000000" xmlns="http://www.w3.org/2000/svg" class="list-377408" width="20px" height="20px" viewBox="0 0 24 24" fill="none"><path d="M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z" fill="currentColor"></path></svg><svg style="fill: #000000;color:#000000" class="arrow-unsorted-368013" xmlns="http://www.w3.org/2000/svg" width="10px" height="10px" viewBox="0 0 24 24" version="1.2" baseProfile="tiny"><path d="M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z"/></svg></span></span></label><input type="checkbox" id="ez-toc-cssicon-toggle-item-67494e660495e" aria-label="Toggle" /><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-1" href="#why-invest-in-bolivia" title="Why invest in Bolivia?">Why invest in Bolivia?</a></li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-2" href="#3-types-of-business-formation-in-bolivia" title="3 Types of Business Formation in Bolivia">3 Types of Business Formation in Bolivia</a></li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-3" href="#what-are-the-minimum-requirements-to-incorporate-an-srl-in-bolivia" title="What are the Minimum Requirements to Incorporate an SRL in Bolivia?">What are the Minimum Requirements to Incorporate an SRL in Bolivia?</a></li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-4" href="#what-documents-do-you-need-to-start-your-company-formation-in-bolivia" title="What Documents Do You Need to Start Your Company Formation in Bolivia?">What Documents Do You Need to Start Your Company Formation in Bolivia?</a></li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-5" href="#register-your-company-in-bolivia" title="Register your Company in Bolivia">Register your Company in Bolivia</a></li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-6" href="#7-key-steps-to-form-a-company-in-bolivia" title="7 key steps to form a company in Bolivia">7 key steps to form a company in Bolivia</a></li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-7" href="#get-a-bolivian-visa-with-your-legal-entity" title="Get a Bolivian Visa With Your Legal Entity">Get a Bolivian Visa With Your Legal Entity</a></li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-8" href="#faqs-when-forming-a-company-in-bolivia" title="FAQs when Forming a Company in Bolivia">FAQs when Forming a Company in Bolivia</a></li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class="ez-toc-link ez-toc-heading-9" href="#biz-latin-hub-can-help-with-company-formation-in-bolivia" title="Biz Latin Hub can help with Company Formation in Bolivia">Biz Latin Hub can help with Company Formation in Bolivia</a></li></ul></nav></div> <p>This article will explain company formation in Bolivia and how to successfully enter this untapped market full of investment opportunities and potential. Biz Latin Hub can help you in La Paz, Sucre or elsewhere in Latin America and the Caribbean through our network of local offices across the region</p> <h2 class="wp-block-heading" id="h-why-invest-in-bolivia"><span class="ez-toc-section" id="why-invest-in-bolivia"></span>Why invest in Bolivia?<span class="ez-toc-section-end"></span></h2> <p>Before entering the market, we recommend spending some time in the country gathering information on the level of demand for your products. The process of company formation in Bolivia takes time and you want to make sure you are ready.</p> <p>Engage with local business leaders and potential customers, and spread the word about your new venture by attending trade fairs and networking events. Be sure to acquire data on your industry’s performance and assess key players.</p> <h2 class="wp-block-heading" id="h-3-types-of-business-formation-in-bolivia"><span class="ez-toc-section" id="3-types-of-business-formation-in-bolivia"></span>3 Types of Business Formation in Bolivia<span class="ez-toc-section-end"></span></h2> <p>After deciding to start the company formation in Bolivia process, you will need to select the best type of legal entity to suit your business needs and goals. The most common types of legal entities are outlined below:</p> <figure class="wp-block-image alignright size-large is-resized"><img decoding="async" width="1024" height="1024" src="https://www.bizlatinhub.com/wp-content/uploads/2019/04/4d17f307-types-of-legal-structures-in-bolivia-2023-1024x1024.png" alt="Types of legal structures in Bolivia 2023, Limited Liability Company SRL, Corporation SA, Branch- Sucursal an infographic by Biz Latin Hub 2023" class="wp-image-285259" style="object-fit:cover;width:495px;height:auto" srcset="https://www.bizlatinhub.com/wp-content/uploads/2019/04/4d17f307-types-of-legal-structures-in-bolivia-2023-1024x1024.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/4d17f307-types-of-legal-structures-in-bolivia-2023-300x300.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/4d17f307-types-of-legal-structures-in-bolivia-2023-150x150.png 150w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/4d17f307-types-of-legal-structures-in-bolivia-2023-768x768.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/4d17f307-types-of-legal-structures-in-bolivia-2023.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption"><em>Company formation in Bolivia: <em>Types of legal structures</em></em></figcaption></figure> <ol class="wp-block-list"> <li><strong>Limited Liability Company (<em>Sociedad de responsabilidad limitada</em>, SRL): </strong>This is the most simplified legal structure and the most common for most business activities. It requires a legal representative to be appointed within the company bylaws, a fiscal address, a minimum of two shareholders, and USD$500 of minimum capital. In our experience, this is one of the best entities to form in Bolivia.</li> <li><strong>Corporation (<em>Sociedad Anónima</em>):</strong> Suitable for medium and large-sized companies. Corporations require three directors (one must be a resident of Bolivia) and three shareholders, who can be foreign or local. Incorporating a Corporation also requires a <em>Síndico</em> (controller), an auditor, and a fiscal address. Companies that generate over USD$160,000 must submit annual financial statements to the Tax Authority and SEPREC.<br></li> <li><strong>Branch (Sucursal)</strong>: Setting up a branch office in Bolivia grants your foreign parent company the opportunity for full ownership, with 100% participation. To initiate this process, you need to officially register the branch office in Bolivia and designate a legal representative who must be a resident of Bolivia and have a local fiscal address.</li> </ol> <h2 class="wp-block-heading" id="h-what-are-the-minimum-requirements-to-incorporate-an-srl-in-bolivia"><span class="ez-toc-section" id="what-are-the-minimum-requirements-to-incorporate-an-srl-in-bolivia"></span>What are the Minimum Requirements to Incorporate an SRL in Bolivia?<span class="ez-toc-section-end"></span></h2> <p>The 4 minimum requirements to incorporate an SRL in Bolivia are:</p> <ol class="wp-block-list"> <li>Minimum of 2 shareholders, which can be either natural persons (i.e. individuals) or legal persons (i.e. entities.).<br></li> <li>Contribute a minimum initial capital of USD$500. <em>– Important Note</em><strong>: </strong><em>Based on our experience, we would always recommend a minimum initial capital of USD$1500 to ensure an efficient bank opening process.</em><br></li> <li>Appoint a Legal Representative within the company bylaws, who must be a local national or a foreigner with the right to live and work in the country; normally this is a lawyer, the founder, or a senior executive within the company.<br></li> <li>Register a Fiscal Address which must be within the country and used for official correspondence.</li> </ol> <p> <em>Important Tip: The founding shareholders do not need to physically travel to the country as the establishment can be completed via a power of attorney</em></p> <h2 class="wp-block-heading" id="h-what-documents-do-you-need-to-start-your-company-formation-in-bolivia"><span class="ez-toc-section" id="what-documents-do-you-need-to-start-your-company-formation-in-bolivia"></span>What Documents Do You Need to Start Your Company Formation in Bolivia?<span class="ez-toc-section-end"></span></h2> <p>To begin incorporating your new subsidiary company in Bolivia, you will need to provide the following:</p> <ul class="wp-block-list"> <li>A name for your legal entity.</li> <li>Shareholders’ identification documents.</li> <li>Confirm the business activities, corporate purpose, and primary operations.</li> <li>Minimum initial capital contribution.</li> <li>Company duration can vary from 1 to 99 years, with the possibility of renewal.</li> </ul> <p><em>Important Tip: We always recommend having a preferred legal name and two alternatives in case the primary legal name is unavailable.</em></p> <figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" width="1080" height="1350" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20width='1080'%20height='1350'%20viewBox='0%200%201080%201350'%3E%3C/svg%3E" alt="Infographic titled "Doing Business in Bolivia: Market Snapshot" features the Bolivian flag and map, population of 11.8 million, GDP of $36.6 billion, GNI per capita of $3,200, FDI inflows of $302 million (2018), and highlights financial regulatory compliance in Bolivia. Major exports include hydrocarbons and metals." class="wp-image-251214 perfmatters-lazy" style="object-fit:cover;width:600px;height:undefinedpx" data-src="https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot.png" data-srcset="https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot.png 1080w, https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot-240x300.png 240w, https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot-819x1024.png 819w, https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot-768x960.png 768w" data-sizes="(max-width: 1080px) 100vw, 1080px" /><noscript><img decoding="async" width="1080" height="1350" src="https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot.png" alt="Infographic titled "Doing Business in Bolivia: Market Snapshot" features the Bolivian flag and map, population of 11.8 million, GDP of $36.6 billion, GNI per capita of $3,200, FDI inflows of $302 million (2018), and highlights financial regulatory compliance in Bolivia. Major exports include hydrocarbons and metals." class="wp-image-251214" style="object-fit:cover;width:600px;height:undefinedpx" srcset="https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot.png 1080w, https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot-240x300.png 240w, https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot-819x1024.png 819w, https://www.bizlatinhub.com/wp-content/uploads/2022/02/0f6ffc7c-financial-regulatory-compliance-in-bolivia-market-snapshot-768x960.png 768w" sizes="(max-width: 1080px) 100vw, 1080px" /></noscript><figcaption class="wp-element-caption"><em>Company formation in Bolivia:</em> <em>Market outlook</em></figcaption></figure> <h2 class="wp-block-heading" id="h-register-your-company-in-bolivia"><span class="ez-toc-section" id="register-your-company-in-bolivia"></span>Register your Company in Bolivia<span class="ez-toc-section-end"></span></h2> <p>Company formation in Bolivia can take 5 to 6 weeks after all required documentation is provided. Businesses must have a physical office, so before you start, you must purchase or rent office space in the country.</p> <p>To successfully incorporate a limited liability company in the country, you’ll need at least two shareholders and one legal representative who must be a Bolivian or a foreign residing in Bolivia.</p> <p>Bolivia does not require you to travel to the country to complete the incorporation process. This means you can set up from anywhere and begin to recruit staff, saving you time and money. CEOs and investors who want to expand into multiple markets quickly will find this particularly attractive. </p> <p>Since Bolivia is near other Latin American markets like Peru, Chile, Paraguay, and Brazil, company formation in Bolivia allows you to reach various nearby markets for trade. Once you have incorporated your company, you can apply for a corporate business account and begin trading freely in the market.</p> <h2 class="wp-block-heading" id="h-7-key-steps-to-form-a-company-in-bolivia"><span class="ez-toc-section" id="7-key-steps-to-form-a-company-in-bolivia"></span>7 key steps to form a company in Bolivia<span class="ez-toc-section-end"></span></h2> <figure class="wp-block-image alignright size-large is-resized"><img decoding="async" width="1024" height="576" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20width='1024'%20height='576'%20viewBox='0%200%201024%20576'%3E%3C/svg%3E" alt="Key steps in the process of incorporating an entity in Bolivia (updated 2023)" class="wp-image-286037 perfmatters-lazy" style="width:459px;height:auto" data-src="https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-1024x576.png" data-srcset="https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-1024x576.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-300x169.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-768x432.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-1536x864.png 1536w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023.png 1920w" data-sizes="(max-width: 1024px) 100vw, 1024px" /><noscript><img decoding="async" width="1024" height="576" src="https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-1024x576.png" alt="Key steps in the process of incorporating an entity in Bolivia (updated 2023)" class="wp-image-286037" style="width:459px;height:auto" srcset="https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-1024x576.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-300x169.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-768x432.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023-1536x864.png 1536w, https://www.bizlatinhub.com/wp-content/uploads/2019/04/d53f4941-steps-for-company-formation-in-bolivia-biz-latin-hub-2023.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></noscript><figcaption class="wp-element-caption"><em>Seven steps to form a company in Bolivia</em></figcaption></figure> <ul class="wp-block-list"> <li><strong>Step 1 – Gather Client Information Documents:</strong> Collect all necessary documents from clients including identification, proof of residence, and any additional documents required for specific business structures.</li> <li><strong>Step 2 – Prepare the Powers of Attorney (POAs) for each shareholder: </strong>Draft and finalize the powers of attorney for each shareholder, ensuring they are legally compliant and notarized.</li> <li><strong>Step 3 – Apostille, receive documentation and translate (for foreign shareholders):</strong> If any shareholder is a foreign national, their documents must be apostilled (if applicable), then translated into Spanish if they are not already. Receive all documentation and ensure it is complete.</li> <li><strong>Step 4 – Notarize all the documents:</strong> Have all documents notarized by a public notary in Bolivia or a Bolivian consulate/embassy if the documents are notarized abroad.</li> <li><strong>Step 5 – Register the company in Bolivia:</strong> Submit all notarized and apostilled documents to the Public Registry of Commerce in the appropriate city and pay the registration fees. This step will officially establish the company.</li> <li><strong>Step 6 – Secure the tax ID <em>Número de Identificación Tributaria (</em>NIT) from the Tax ID Authority (<em>Servicio de Impuestos Nacionales</em>) and register the company fiscal address: </strong>Apply for the NIT from the Tax ID Authority and register the company’s fiscal address. This step is crucial for tax compliance.</li> <li><strong>Step 7 – Open the company bank account:</strong> Once the company is registered and has its NIT, open a bank account in the name of the company. This account will be used for financial transactions and to comply with banking regulations.</li> </ul> <h2 class="wp-block-heading" id="h-get-a-bolivian-visa-with-your-legal-entity"><span class="ez-toc-section" id="get-a-bolivian-visa-with-your-legal-entity"></span>Get a Bolivian Visa With Your Legal Entity<span class="ez-toc-section-end"></span></h2> <p>Foreign executives planning to register a company in Bolivia can apply for a <a href="https://cancilleria.gob.bo/mre/" target="_blank" rel="noreferrer noopener nofollow">business visa</a>. The country offers investors permanent residence after two years of living in the country. After residing continuously in the country for three years, citizenship becomes accessible. It is essential to consult with the Bolivian consulate or embassy in your home country to understand the specific requirements for this visa category.</p> <p>For those who wish to invest in Bolivia and remain in the country for more extended periods, there are other residency and citizenship options available. The Investor Visa (<em>Visa de Inversionista</em>) is for those planning to invest more than USD$50,000 in a Bolivian business or real estate. This visa allows investors to live in Bolivia for up to five years with the possibility of extending it further.</p> <h2 class="wp-block-heading" id="h-faqs-when-forming-a-company-in-bolivia"><span class="ez-toc-section" id="faqs-when-forming-a-company-in-bolivia"></span>FAQs when Forming a Company in Bolivia<span class="ez-toc-section-end"></span></h2> <p>Answers to some of the most common questions we get asked by our clients. </p> <div class="gb-container gb-container-0b0f8541 gb-accordion" data-accordion-multiple-open> <div class="gb-container gb-container-92915b6b gb-accordion__item gb-accordion__item-open"> <div class="gb-container gb-container-ba552324 gb-accordion__toggle gb-block-is-current" id="gb-accordion-toggle-ba552324" role="button" tabindex="0"> <p class="gb-headline gb-headline-13728db5 gb-headline-text"><strong><strong><strong>Can a foreigner own a business in Bolivia?</strong></strong></strong></p> </div> <div class="gb-container gb-container-6c3e9cc2 gb-accordion__content"> <p>Yes, a business in Bolivia can be 100% foreign-owned by either legal persons (legal entities) or natural persons (individuals).</p> </div> </div> <div class="gb-container gb-container-a2d7adf6 gb-accordion__item gb-accordion__item-open"> <div class="gb-container gb-container-5b02c49b gb-accordion__toggle gb-block-is-current" id="gb-accordion-toggle-5b02c49b" role="button" tabindex="0"> <p class="gb-headline gb-headline-929ccac6 gb-headline-text"><strong><strong><strong><strong>What is the Bolivia Company Tax ID?</strong></strong></strong></strong></p> </div> <div class="gb-container gb-container-8dabb7d2 gb-accordion__content"> <p>The Bolivia Company Tax ID is known as the NIT (<em>Número de Identificación Tributaria</em>) it is also known as a Tax Identification Number, a unique identification number for tax purposes in Bolivia.</p> </div> </div> <div class="gb-container gb-container-b867e78c gb-accordion__item gb-accordion__item-open"> <div class="gb-container gb-container-67abac40 gb-accordion__toggle gb-block-is-current" id="gb-accordion-toggle-67abac40" role="button" tabindex="0"> <p class="gb-headline gb-headline-155063bd gb-headline-text"><strong><strong><strong><strong>How long does it take to register a company in Bolivia?</strong></strong></strong></strong></p> </div> <div class="gb-container gb-container-fb06aebb gb-accordion__content"> <p>Company formation in Bolivia can take 5 to 6 weeks after the required documentation has been provided by the client.</p> </div> </div> <div class="gb-container gb-container-33b4b98f gb-accordion__item gb-accordion__item-open"> <div class="gb-container gb-container-738a6557 gb-accordion__toggle gb-block-is-current" id="gb-accordion-toggle-738a6557" role="button" tabindex="0"> <p class="gb-headline gb-headline-b1592f12 gb-headline-text"><strong><strong><strong>What does an S.A. company name mean in Bolivia?</strong></strong></strong></p> </div> <div class="gb-container gb-container-0d07167d gb-accordion__content"> <p>The S.A. in a company name in Bolivia refers to a “<em>Sociedad Anónima</em>,” which is similar to a joint stock company. This legal framework sets up the company as an entity distinct from its shareholders. Each holds shares that symbolize ownership. Shareholders’ liability is limited to the value of their shares, creating a layer of protection.</p> </div> </div> <div class="gb-container gb-container-07702970 gb-accordion__item gb-accordion__item-open"> <div class="gb-container gb-container-40117c5b gb-accordion__toggle gb-block-is-current" id="gb-accordion-toggle-40117c5b" role="button" tabindex="0"> <p class="gb-headline gb-headline-efa5fee0 gb-headline-text"><strong><strong><strong>What does an SRL company name mean in Bolivia?</strong></strong></strong></p> </div> <div class="gb-container gb-container-cbdd4776 gb-accordion__content"> <p>An SRL company name in Bolivia stands for <em>Sociedad de Responsabilidad Limitada</em>, which is similar to Limited Liability Company in English. This legal entity operates independently from its shareholders, offering them limited liability. The SRL structure is widely used for company formation in Bolivia and the preferred choice for various types of business endeavors.</p> </div> </div> <div class="gb-container gb-container-b918e3a7 gb-accordion__item gb-accordion__item-open"> <div class="gb-container gb-container-d602d6c7 gb-accordion__toggle gb-block-is-current" id="gb-accordion-toggle-d602d6c7" role="button" tabindex="0"> <p class="gb-headline gb-headline-7a5d551a gb-headline-text"><strong><strong><strong>What entity types offer Limited Liability in Bolivia? </strong></strong></strong></p> </div> <div class="gb-container gb-container-95631611 gb-accordion__content"> <p>The <em>Sociedad de Responsabilidad Limitada</em> (S.R.L.) is the limited liability entity type.</p> </div> </div> <div class="gb-container gb-container-ea930e6a gb-accordion__item gb-accordion__item-open"> <div class="gb-container gb-container-30914ae2 gb-accordion__toggle gb-block-is-current" id="gb-accordion-toggle-30914ae2" role="button" tabindex="0"> <p class="gb-headline gb-headline-82ba7f51 gb-headline-text"><strong><strong><strong>What are the main differences between SA and S.R.L. in Bolivia</strong></strong>?</strong></p> </div> <div class="gb-container gb-container-60f9a204 gb-accordion__content"> <p>These are the main differences between an SA and an SRL in Bolivia:</p> <figure class="wp-block-table is-style-regular"><table class="has-border-color has-cyan-bluish-gray-border-color" style="border-width:1px"><thead><tr><th></th><th>S.R.L. (Sociedad de Responsabilidad Limitada)</th><th>S.A. (Sociedad Anónima)</th></tr></thead><tbody><tr><td><strong>Shareholders</strong></td><td>Minimum: 2<br>Maximum: 25</td><td>Minimum: 3<br>Maximum: Unlimited</td></tr><tr><td><strong>Shareholders Meeting</strong></td><td>Called <em>Asamblea de Socios</em></td><td>Called <em>Junta de Accionistas</em></td></tr><tr><td><strong>Duration</strong></td><td>Up to 99 years (renewable)</td><td>Up to 99 years (renewable)</td></tr><tr><td><strong>Capital</strong></td><td>Subscribed</td><td>Subscribed, Paid, Authorized</td></tr><tr><td><strong>Legal Representation</strong></td><td>1 legal representative required (optional to add more)</td><td>Board of Directors (Minimum: 3, Maximum: 12)</td></tr><tr><td><strong>Transfer of Shares</strong></td><td>Shareholders meeting required</td><td>Free transfer of shares</td></tr></tbody></table></figure> </div> </div> </div> <h2 class="wp-block-heading" id="h-biz-latin-hub-can-help-with-company-formation-in-bolivia"><span class="ez-toc-section" id="biz-latin-hub-can-help-with-company-formation-in-bolivia"></span>Biz Latin Hub can help with Company Formation in Bolivia<span class="ez-toc-section-end"></span></h2> <p>At Biz Latin Hub, our team of legal and accounting multilingual specialists is equipped to deliver excellence and provide services designed for international <a href="https://www.bizlatinhub.com/incorporate-a-company-in-colombia-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener nofollow">executives looking to expand into Latin America</a>. We offer complete bilingual support for entering the market and handling administrative tasks. </p> <div class="gb-container gb-container-5f9b13d1"> <p>Choose us as your leading contact for company formation in Bolivia and guarantee the success of your business activities. <a data-wpil="url" href="https://www.bizlatinhub.com/contact-us/" target="_blank" rel="noreferrer noopener nofollow">Contact us no</a><a data-wpil="url" href="https://www.bizlatinhub.com/contact-us/">w</a>, and we’ll get back to you with a personalized strategy to unlock new commercial opportunities for your company in Bolivia. Learn more about our<a href="https://www.bizlatinhub.com/about-us/" target="_blank" rel="noreferrer noopener nofollow"> team and expert authors</a>.</p> </div> <figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" width="1024" height="576" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20width='1024'%20height='576'%20viewBox='0%200%201024%20576'%3E%3C/svg%3E" alt="A visual listing the services provided by Biz Latin Hub. The services include Company Formation, Legal Services, Accounting & Taxation, PEO & Recruitment, Bank Account Opening, Tax Advisory, and Visa Processing. Contact information is shown at the bottom right." class="wp-image-301040 perfmatters-lazy" style="width:700px;height:undefinedpx" data-src="https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-1024x576.png" data-srcset="https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-1024x576.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-300x169.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-768x432.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-1536x864.png 1536w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en.png 1920w" data-sizes="(max-width: 1024px) 100vw, 1024px" /><noscript><img decoding="async" width="1024" height="576" src="https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-1024x576.png" alt="A visual listing the services provided by Biz Latin Hub. The services include Company Formation, Legal Services, Accounting & Taxation, PEO & Recruitment, Bank Account Opening, Tax Advisory, and Visa Processing. Contact information is shown at the bottom right." class="wp-image-301040" style="width:700px;height:undefinedpx" srcset="https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-1024x576.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-300x169.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-768x432.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en-1536x864.png 1536w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/9d95b4ea-our-services_blh_-en.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></noscript><figcaption class="wp-element-caption"><em>Market entry and back-office services offered at Biz Latin Hub for company formation in Bolivia</em></figcaption></figure> </p> </div> <aside class="gb-container gb-container-f6d4bd6b"> <div class="gb-headline gb-headline-ba2ba015 gb-headline-text"><em>The information provided here within should not be construed as formal guidance or advice. Please consult a professional for your specific situation. Information provided is for informative purposes only and may not capture all pertinent laws, standards, and best practices. The regulatory landscape is continually evolving; information mentioned may be outdated and/or could undergo changes. The interpretations presented are not official. Some sections are based on the interpretations or views of relevant authorities, but we cannot ensure that these perspectives will be supported in all professional settings.</em></div> </aside> <div class="author-box ct-constrained-width " data-type="type-1" > <span class="ct-media-container"><img src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20width='60'%20height='60'%20viewBox='0%200%2060%2060'%3E%3C/svg%3E" width="60" height="60" alt="Legal Team Bolivia" style="aspect-ratio: 1/1;" class="perfmatters-lazy" data-src="https://www.bizlatinhub.com/wp-content/uploads/2022/07/679bf401-legal-team-bolivia-150x150.png" /><noscript><img src="https://www.bizlatinhub.com/wp-content/uploads/2022/07/679bf401-legal-team-bolivia-150x150.png" width="60" height="60" alt="Legal Team Bolivia" style="aspect-ratio: 1/1;"></noscript></span> <section> <div class="author-box-name"> Legal Team Bolivia </div> <div class="author-box-bio"> <p>Legal Team Bolivia is the Biz Latin Hub leading experts on doing business in Bolivia The Team writes on the news, doing business, law, and changing regulations. The team are experts in corporate law, Administrative law, Employment law, Immigration law and legal advisory services. Read more about them <a href="https://www.bizlatinhub.com/biz-latin-hub-team/" rel="nofollow">here</a>. You can contact Legal Team Bolivia via our <a href="https://www.bizlatinhub.com/contact-us/" rel="nofollow">"contact us page"</a>.</p> </div> </section> </div> <div class="gb-container gb-container-f4ced325"> <div class="gb-headline gb-headline-5d570305 gb-headline-text">Receive the latest news and advice about expanding your business globally</div> <div class="gb-headline gb-headline-600e7bc0 gb-headline-text">Subscribe to our newsletter to receive the latest business news and advice about entity formation, legal entity compliance, accounting, back office and fiscal requirements. 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It features a map of Latin America in blue and gray tones, with a dark mountainous background." decoding="async" srcset="https://www.bizlatinhub.com/wp-content/uploads/2024/09/94427c5c-doing-business-in-la_blh_final-300x225.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/94427c5c-doing-business-in-la_blh_final-1024x768.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/94427c5c-doing-business-in-la_blh_final-768x576.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2024/09/94427c5c-doing-business-in-la_blh_final.png 1200w" sizes="(max-width: 300px) 100vw, 300px" style="aspect-ratio: 16/9;" /></noscript></a> <h4 class="related-entry-title" > <a href="https://www.bizlatinhub.com/company-formation-latin-america/" rel="bookmark nofollow">Company formation in Latin America: An overview</a> </h4> <ul class="entry-meta" data-type="simple:slash" ><li class="meta-date" ><time class="ct-meta-element-date" datetime="2024-10-10T10:56:46-05:00">October 10, 2024</time></li></ul> </article> <article > <a class="ct-media-container" href="https://www.bizlatinhub.com/9-young-business-leaders-in-latin-america/" rel="nofollow" aria-label="9 Top Young Business Leaders In Latin America" tabindex="-1"><img width="300" height="224" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20width='300'%20height='224'%20viewBox='0%200%20300%20224'%3E%3C/svg%3E" class="attachment-medium size-medium wp-post-image perfmatters-lazy" alt="A graphic from BizLatin Hub titled "Top 9 Young Business Leaders in Latin America." It features headshots and names of nine individuals: Cristina Junqueira, Diego Olcese, Vilma Nuñez, Luis Carlos Reyes, Ana Karen Ramírez, Doménica Obando, Maite Muniz Tellería, José Facchin, and Mayer Mizrachi." decoding="async" style="aspect-ratio: 16/9;" data-src="https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america-300x224.png" data-srcset="https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america-300x224.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america-1024x765.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america-768x574.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america.png 1084w" data-sizes="(max-width: 300px) 100vw, 300px" /><noscript><img width="300" height="224" src="https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america-300x224.png" class="attachment-medium size-medium wp-post-image" alt="A graphic from BizLatin Hub titled "Top 9 Young Business Leaders in Latin America." It features headshots and names of nine individuals: Cristina Junqueira, Diego Olcese, Vilma Nuñez, Luis Carlos Reyes, Ana Karen Ramírez, Doménica Obando, Maite Muniz Tellería, José Facchin, and Mayer Mizrachi." decoding="async" srcset="https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america-300x224.png 300w, https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america-1024x765.png 1024w, https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america-768x574.png 768w, https://www.bizlatinhub.com/wp-content/uploads/2024/07/5de88468-top-9-business-leaders-in-latin-america.png 1084w" sizes="(max-width: 300px) 100vw, 300px" style="aspect-ratio: 16/9;" /></noscript></a> <h4 class="related-entry-title" > <a href="https://www.bizlatinhub.com/9-young-business-leaders-in-latin-america/" rel="bookmark nofollow">9 Top Young Business Leaders In Latin America</a> </h4> 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type="application/ld+json">{"itemListElement":[{"name":"Company Formation in Bolivia: What you need to know","position":"2","item":"https:\/\/www.bizlatinhub.com\/company-formation-in-bolivia\/","@context":"http:\/\/schema.org","@type":"ListItem"},{"name":"LATAM","position":"1","item":"https:\/\/www.bizlatinhub.com\/category\/latam\/","@context":"http:\/\/schema.org","@type":"ListItem"}],"@id":"#breadcrumbs","@context":"http:\/\/schema.org","@type":"BreadcrumbList"}</script><script type="application/ld+json">{"@context":"https:\/\/schema.org","@type":"FAQPage","name":"Company Formation in Bolivia: What you need to know","mainEntity":[{"@type":"Question","name":"<p class=\"gb-headline gb-headline-13728db5 gb-headline-text\"><strong><strong><strong>Can a foreigner own a business in Bolivia?<\/strong><\/strong><\/strong><\/p>","acceptedAnswer":{"@type":"Answer","text":"<p>Yes, a business in Bolivia can be 100% foreign-owned by either legal persons (legal entities) or natural persons (individuals).<\/p>"}},{"@type":"Question","name":"<p class=\"gb-headline gb-headline-929ccac6 gb-headline-text\"><strong><strong><strong><strong>What is the Bolivia Company Tax ID?<\/strong><\/strong><\/strong><\/strong><\/p>","acceptedAnswer":{"@type":"Answer","text":"<p>The Bolivia Company Tax ID is known as the NIT (<em>N\u00famero de Identificaci\u00f3n Tributaria<\/em>) it is also known as a Tax Identification Number, a unique identification number for tax purposes in Bolivia.<\/p>"}},{"@type":"Question","name":"<p class=\"gb-headline gb-headline-155063bd gb-headline-text\"><strong><strong><strong><strong>How long does it take to register a company in Bolivia?<\/strong><\/strong><\/strong><\/strong><\/p>","acceptedAnswer":{"@type":"Answer","text":"<p>Company formation in Bolivia can take 5 to 6 weeks after the required documentation has been provided by the client.<\/p>"}},{"@type":"Question","name":"<p class=\"gb-headline gb-headline-b1592f12 gb-headline-text\"><strong><strong><strong>What does an S.A. company name mean in Bolivia?<\/strong><\/strong><\/strong><\/p>","acceptedAnswer":{"@type":"Answer","text":"<p>The S.A. in a company name in Bolivia refers to a \u201c<em>Sociedad An\u00f3nima<\/em>,\u201d which is similar to a joint stock company. This legal framework sets up the company as an entity distinct from its shareholders. Each holds shares that symbolize ownership. Shareholders' liability is limited to the value of their shares, creating a layer of protection.<\/p>"}},{"@type":"Question","name":"<p class=\"gb-headline gb-headline-efa5fee0 gb-headline-text\"><strong><strong><strong>What does an SRL company name mean in Bolivia?<\/strong><\/strong><\/strong><\/p>","acceptedAnswer":{"@type":"Answer","text":"<p>An SRL company name in Bolivia stands for <em>Sociedad de Responsabilidad Limitada<\/em>, which is similar to Limited Liability Company in English. This legal entity operates independently from its shareholders, offering them limited liability. The SRL structure is widely used for company formation in Bolivia and the preferred choice for various types of business endeavors.<\/p>"}},{"@type":"Question","name":"<p class=\"gb-headline gb-headline-7a5d551a gb-headline-text\"><strong><strong><strong>What entity types offer Limited Liability in Bolivia? <\/strong><\/strong><\/strong><\/p>","acceptedAnswer":{"@type":"Answer","text":"<p>The <em>Sociedad de Responsabilidad Limitada<\/em> (S.R.L.) is the limited liability entity type.<\/p>"}},{"@type":"Question","name":"<p class=\"gb-headline gb-headline-82ba7f51 gb-headline-text\"><strong><strong><strong>What are the main differences between SA and S.R.L. in Bolivia<\/strong><\/strong>?<\/strong><\/p>","acceptedAnswer":{"@type":"Answer","text":"<p>These are the main differences between an SA and an SRL in Bolivia:<\/p>S.R.L. (Sociedad de Responsabilidad Limitada)S.A. 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