LTD in Bosnia: 8 good reasons to do it (Part 2)

Published On - 7. January, 2021

Martina Srnovršnik Uncategorized

Why choose Bosnia and Herzegovina?

 

  1. Favourable purchase of a boat or car: as we have already mentioned in the first part, VAT in Bosnia is 17% as the only tax rate for VAT. This means that when buying a car or boat in Bosnia, VAT will always be only 17%. That’s why we suggest you to set up a LTD in Bosnia and buy a more expensive car or boat on your Bosnian LTD. For example, if you buy a more expensive car in Slovenia you will pay more than 60% of the net value of the vehicle as tax to the state. In Bosnia is just 17% and if your LTD has also a rental activity registered among its activities, the VAT is 0%.
  2. There is no tax on motor vehicles and luxury tax in Bosnia;
  3. Bosnia is not a member of the EU and therefore does not report any data to other European tax authorities;
  4. Bosnia is not a signatory to the OECD agreement on the exchange of data on banking transactions;
  5. You can withdraw unlimited cash in EUR from the business account of your Bosnian company;
  6. You can open a personal account in one day;
  7. There is no law on the origin of property;
  8. BOSNIA IS NOT A TAX OASIS, therefore the EUROPEAN tax authority CANNOT charge you any additional taxes when transferring assets in Bosnia.

If you want to open a company in Bosnia, write to us at info@taxofia.com or call 031679430.

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