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Email: info@mevconsultants.com
Email: info@mevconsultants.com
Register a company in Bolivia
Company incorporation, bank accounts, accounting services in Bolivia
Registration packages
Services
Essential
Standard
Premium
Company registration (SRL)
Annual registered address
Notary services and company seal
Personal tax ID
Corporate bank account
Accounting services
Start your company in Bolivia
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How you can register a company in Bolivia with us
Submit shareholder and director information to our firm with a signed power of attorney
Settle a payment for registration and banking assistance
Receive corporate documentation of the registered company and access to the corporate bank account of your company
Key details about Bolivia
Plurinational State of Bolivia is located in the western part of South America. Bolivia has a territory of 1,098,581 square kilometers. Bolivia borders Argentina, Brazil, Chile, Paraguay and Peru. The capital city of Bolivia is Sucre, the location of key government institutions. Bolivia has a population of 11,43 million people.
Corporate taxation, VAT taxation, Personal taxation
- Corporate income tax - 25%. Tax returns are filed on an annual basis
- Dividend withholding tax - 12.5%
- Interest withholding tax - 12.5%
- Royalties withholding tax - 12.5%
- Capital gains tax - 25%, capital gains derived from transactions on the Bolivian Stock Exchange are tax exempt
- VAT - Standard tax rate 13% or a reduced rate of 0% or tax exempt. Tax returns are filed on a monthly basis
- Personal income tax - 13%.
The following are the most common types of companies to incorporate a company in Bolivia as:
- Limited liability company (Sociedad de Responsabilidad Limitada - SRL)
- Public limited company (Sociedad Anónima - S.A.)
- General partnership (Sociedad Colectiva - S.C.)
- Limited partnership (Sociedad en Comandita Simple - S. en C.S.)
- Partnership limited by shares (Sociedad en Comandita por Acciones - S. en C. por A.)
- Branch office (Sucursal).
- Individuals or legal entities that are intending to register a company in Bolivia can either be resident or non-resident in Bolivia .
- A resident or a non-resident individual can be a company director in Bolivia. It is, however, required to set up a company in Bolivia with 1 resident legal representative and at least 1 resident director.
- At least 2 shareholder are required in order to register a company in Bolivia if such company is incorporated as a SRL (a limited liability company). An individual shareholder can simultaneously become a director of this company.
- It is not required to create substance (resident employees, office space) in Bolivia in order to establish a company in Bolivia or to conduct business in the country.
- No minimum share capital is established to start a company in Bolivia as a SRL (a limited liability company).
- SRL registration takes 20 business days with the bank account taking up to 15-20 business days.
- Details of company founders, shareholders and directors after company registration in Bolivia is complete is publicly available in the state corporate register.
- With our service you can register a company and open a corporate bank account completely remotely in Bolivia upon a power of attorney.
Official currency of Bolivia is Bolivian boliviano (BOB).
Bolivian economy has a single commodity focus and is currently heavily dependent on natural gas exports. Mining is also a major sector being a large part of the country's exports. Bolivia is one of the world's largest producers of silver, tin, antimony, zinc, lead, boron and tungsten. Bolivia has the world's largest litium reserves, 2nd largest antimony reserves, 3rd largest iron ore reserves. Bolivia has the 2nd largest natural gas reserves in South America.
In terms of foreign trade the largest exports of the country are oil, petroleum, gold, silver, zinc, precious metals, soya beans, unwrought tin, jewellery, coconuts, cashew nuts.
Imports of Bolivia consist of electrical machinery and equipment, cars and vehicles, electric conductors, consumer goods, medicaments, wheat, flour, rubber, insecticides, rodenticides, fungicides, herbicides, disinfectants.
Primary trading partners of Bolivia are Brazil, Argentina, Peru, Colombia, Mexico, China, India, Japan, the USA, the UAE, Netherlands, Germany.
The GDP of Bolivia grew by 6.1% in 2021 and amounted to USD 40.4 billion. Tertiary sector makes up 50.6% of the GDP of the country, followed by industry sector at 35% and agriculture at 14%.
Bolivian economy has a single commodity focus and is currently heavily dependent on natural gas exports. Mining is also a major sector being a large part of the country's exports. Bolivia is one of the world's largest producers of silver, tin, antimony, zinc, lead, boron and tungsten. Bolivia has the world's largest litium reserves, 2nd largest antimony reserves, 3rd largest iron ore reserves. Bolivia has the 2nd largest natural gas reserves in South America.
In terms of foreign trade the largest exports of the country are oil, petroleum, gold, silver, zinc, precious metals, soya beans, unwrought tin, jewellery, coconuts, cashew nuts.
Imports of Bolivia consist of electrical machinery and equipment, cars and vehicles, electric conductors, consumer goods, medicaments, wheat, flour, rubber, insecticides, rodenticides, fungicides, herbicides, disinfectants.
Primary trading partners of Bolivia are Brazil, Argentina, Peru, Colombia, Mexico, China, India, Japan, the USA, the UAE, Netherlands, Germany.
The GDP of Bolivia grew by 6.1% in 2021 and amounted to USD 40.4 billion. Tertiary sector makes up 50.6% of the GDP of the country, followed by industry sector at 35% and agriculture at 14%.
Foreign entrepreneurs expand to Bolivia and seek to incorporate a company in Bolivia in order to conduct business in the following sectors:
- commerce
- manufacturing
- transport
- agriculture
- storage and communication
- real estate
- tourism.
Benefits of registering a company in Bolivia
Business climate
- Multiple active free trade agreements: Associate Member of Mercosur, CAN, ACE
- Vast natural resources
- Foreign investment promotion
- Political stability
- Secure legal and justice systems
- Comprehensive protection of property rights
- Comprehensive personal security
- Investment protection
- Low inflation
Tax incentives
- Only Bolivia-source income is subject to corporate income tax, which does not include capital invested abroad
- Free trade zones that provide corporate tax incentives
- Double tax treaties with several jurisdictions
Ease of doing business
- Both the company and the bank account can be opened completely remotely
- No minimum share capital requirement for a SRL in Bolivia
- No strict foreign exchange controls
Register your company in Bolivia
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