How to Open a Company if You Live in the Diaspora

Many citizens of Bosnia and Herzegovina who live and work abroad want to start a business in their home country—whether they are planning to return, seeking additional income, or looking to invest in the local community. The good news is that physical presence in Bosnia and Herzegovina is not required to register a company. Here’s how it works.

Can You Register a Company from Abroad?

Yes. The laws in Bosnia and Herzegovina allow both BiH citizens living in the diaspora and foreign nationals to establish a company without the obligation of permanent residence in the country.

Steps to Register a Company from the Diaspora

1. Choosing the Legal Form of the Company
The most common option is a limited liability company (LLC), but other options are available depending on the type of business and the number of founders.

2. Using a Power of Attorney
If you are not physically present in Bosnia and Herzegovina, you can authorize a lawyer through a notarized power of attorney to carry out the registration process on your behalf.

3. Choosing a Business Address
A registered business address is required. If you do not own property in Bosnia and Herzegovina, you can use a virtual office that provides a legally valid address.

4. Preparing and Submitting Documentation
The authorized person can submit the required documentation to the court or the competent agency (APIF), including the articles of incorporation, founder details, proof of address, and other required documents.

5. Opening a Bank Account and Registering with the Tax Authority
After registration, a business bank account must be opened. This is the only step that requires your physical presence, which can be conveniently combined with a trip to Bosnia and Herzegovina and a visit to family.

Benefits for the Diaspora

• Easy communication with institutions – when you engage a local partner or a virtual office.
• Opportunity to invest and generate income while living abroad.

Conclusion

Opening a company from the diaspora is not complicated— with the right partners, everything can be completed quickly and efficiently. If you need a registered business address and reliable local support, Virtuo offers solutions that allow you to start a business in Bosnia and Herzegovina without traveling to the country.

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