5 Things You Must Have Ready Before Registering a Company

Starting your own business in Bosnia and Herzegovina is an exciting step, but the company registration process requires good preparation. Whether you plan to operate as a sole proprietor or establish a limited liability company (LLC), there are key things you need to have ready to ensure the process runs smoothly.

1. A Clear Idea of the Company’s Legal Form

The first decision you need to make is choosing the legal form: sole proprietorship, LLC, partnership, or even a representative office if you are coming from abroad. Each form comes with different requirements, taxes, and obligations, so it’s important to choose the one that best fits your business plan.

2. Company Name and Availability Check

The company name must be unique and not already registered. Before submitting any documentation, you need to check name availability with the competent authority. A good name is recognizable, clear, and does not contain prohibited terms.

3. Business Address

To register a company, you must have a business address. If you don’t have your own premises, you can use a virtual office service—a legal, fast, and simple solution that provides a valid registered address without rental costs.

4. Founding Documents and Founder Information

For registration, you will need the personal details of all founders, as well as the articles of incorporation (or a decision on establishment if you are the sole founder). This document defines the basic company information: name, registered seat, business activity, share capital, and management structure.

5. List of Activities and Classification Codes

During registration, you must specify the business activities your company will perform, including the appropriate activity codes according to the official classification. It is important to choose precise codes that match your actual activities to avoid issues in the future.

Conclusion

Good preparation saves time and money. If you prepare these five key items in advance, company registration will be significantly easier. If you need help with a business address, documentation, or professional advice, Virtuo can be a reliable partner on your journey.

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