Registration of a company in Bolivia

Name of service Bronze Silver Gold
Check and reserve of the company name Obtaining approval from the registrar for the company name
Company registration, including state fees Preparation of a full package of documents, depending on the chosen form of ownership, cooperation with the relevant authorities prior to obtaining information on company registration
Legal address for 1 year We provide a legal address for your company in this jurisdiction, eliminating the need to purchase or rent real estate
Support in opening an account Collection, preparation and submission of the necessary documents for opening a corporate account
Services of local director for 1 year Providing a resident director of a given jurisdiction or the EU, which is necessary for registering a company and opening an account at a local bank
Total cost
Оn request Оn request Оn request
Accounting services
Оn request Оn request Оn request
Annual renewal (paid from the second year)
Оn request Оn request Оn request

Deal of the month

If you will register a company until May 31,
opening a bank account is for FREE

6 easy steps to get started
  • 1

    Select your
    preferred jurisdiction

  • 2

    Choose a bank
    that meets your
    company's needs

  • 3

    Pay for our services
    using a convenient
    payment method

  • 4

    Receive all necessary
    corporate documents

  • 5

    Receive details
    for your newly opened
    bank account

  • 6

    We'll deliver the original
    documents directly
    to you

Bolivia is one of the South American states that are extremely rich in natural resources, oil and gas in the first turn. Manufacturing and service sectors are steadily developing as well, including with the help of foreign capital. Still, the construction and infrastructure sectors are more prioritized in this context. Taking into account these business opportunities, company incorporation in Sucre or any other location in this jurisdiction may instantly open access to the number of associated benefits.

Arguments in Favor of Investing in Bolivia

Forming a company in Bolivia is a potentially profitable endeavor because of:

  • access to substantial regional and world markets;
  • ease of business incorporation, remote registration is possible;
  • double-tax treaties available;
  • no restrictions on foreign capital (100% ownership is acceptable);
  • freedom of completing banking transactions in any currency, without limitations.

Legal and Organizational Forms in Bolivia

A foreign investor is entitled to open a company in Bolivia or establish one’s official presence in any alternative form by utilizing these registration options:

  • Limited liability company – the most flexible form of doing business in Bolivia that is based on the narrowed liability of its owners over the debts and obligations of this entity, including losses. The promoters (a minimum of two are needed) will not cover such potential losses in excess of the funds invested. The formal capital requirement in the case of LLC is USD 1 at least. One director is needed.
  • Branch – an alternative and equally flexible form of doing business in Bolivia that is not associated with high expenditures and obtaining the status of a legal entity. Still, a foreign company will be entitled to do the same business as in its country of origin. This option is more appropriate if a foreign investor wishes to test local business opportunities at the start only. A branch is also good from the point of simplifying the interaction with local contractors. Notably, the 100% responsibility over the results of operation that a branch shows always bears its parent company.
  • Representative office – an option that is suitable for investigation and market research without an opportunity to do business in Bolivia. A parent company will finance all the activities of a representative office remaining fully in charge of the results of its operation.

There are also other alternative registration solutions that are foreseen by the Bolivian legislation. These are corporations, limited partnerships, sole proprietorships, etc. Request more detailed information about the legal and organizational forms that interest you.

How to Register a Business in Bolivia?

Any investor can form a company in Bolivia after passing these must-have stages:

  1. Forming the list of commercial purposes and activities for a future Bolivian company.
  2. Collecting and formalizing the details about the entity’s promoters, beneficiaries, mother company (if any), and directors.
  3. Elaborating on and verifying a business name for a company.
  4. Arranging an official legal address for a future Bolivian enterprise.
  5. Drafting and executing all corporate documents for a future Bolivian company, including its articles of association and resolutions of promoters.
  6. Submitting the set of registration documents to the Public Registry of Commerce. Creating a new entry about a company in the case of positive feedback.
  7. Obtaining a tax ID and registering a company for social security purposes.
  8. Opening corporate bank accounts.

Legal and Regulatory Landscape

The conditions for doing business are very good in Bolivia, including for non-residents. They enjoy equal treatment as the locals. Business registration procedures are simple and straightforward with no tolerance for corruption. The overall timeframe for company registration in Bolivia is approximately 6-8 weeks. Handling specific types of economic activities will require getting licenses.

Taxation in Bolivia

If you wish to create or buy a company in Bolivia, these tax highlights should be on the table during the consideration as well:

  • Profit tax (for enterprises) – 25% (may be more for certain enterprises, like mining, insurance companies, and financial institutions)
  • Income tax (for natural persons) – 13%
  • Value-added tax – 13%
  • Withholding tax (for non-residents) – (1) dividends – 12.5% (2) interests – 12.5% (3) royalties – 12.5%
  • Capital gains tax – (1) for enterprises – see profit tax (2) for natural persons – not applicable.

How Prifinance Attorneys Can Assist You

If company registration in Bolivia or buying the existing one has appeared among your business goals now, share your expectations. Prifinance experts will apply their best expertise gained through more than 11 000 projects associated with the registration worldwide at ease. Realize your business goals with the support of professionals.

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I NI N
10:31 20 Mar 24
Collaborated with the company for 3 years. I can’t say that everything was smooth from the point of view of organizing the work; there was confusion in the structure of the work, etc. But I’ll specifically highlight employee Lyubov Malinowski, she very diligently corrected all errors and was in touch at the right time, her help was significant in all processes and she approached all issues precisely. I would like to separately highlight the moment when she solved the problem at her own expense, which speaks of the person’s professionalism and increased responsibility.
K NK N
11:40 01 Mar 24
As a software development crew at FewMoreTaps OÜ, we've had the pleasure of working with Prifinance on some key financial moves.First of all, navigating the world of corporate banking and finance can be a maze, but Prifinance made it feel like a walk in the park. They helped us set up a corporate bank account without the hassle of jumping on a plane or drowning in paperwork. Everything was done remotely, smoothly and securely.But that's not all. We had a slightly time-sensitive situation when it came to changing the beneficiary details on our account. Prifinance stepped up to the plate and handled everything quickly and professionally.It's not just about getting the job done. It's about how Prifinance does it. They're all about making complex financial matters simple and accessible for companies like ours. Plus, their team, especially Liubov Malinowski, has been nothing short of fantastic to work with - professional, timely and always on the ball.In short, FewMoreTaps OÜ wholeheartedly endorses Prifinance OÜ. Whether it's opening bank accounts remotely or navigating the financial legalities of running an international business, these guys have got your back. A big thank you to the entire Prifinance team for their first class support and expertise.Here's to more collaborations in the future!Best,Kiryl Nest
Mina KedisMina Kedis
18:10 23 Feb 24
I had their assistance in company registration and I would recommend them. They were answering all my clarification during the process and offering all their supportThank you Daniel and Irinia
Róbert KnapecRóbert Knapec
15:08 22 Feb 24
We found PRIFINANCE COMPANYvia the Internet and asked for help in organizing the opening of their company in Estonia. PRIFINANCE COMPANY specialists helped us a lot with this. Their professional, competent approach and knowledge of their business left us with only the best impressions.
Anna AnnaAnna Anna
13:33 07 Feb 24
I'm thrilled with my experience with PriFinance! They helped me obtain a crypto license in Estonia without any hassle. The team was super understanding and always available to answer my questions and assist. It was great to see how they put effort into preparing the documents to ensure everything went smoothly. I'm delighted with the outcome and highly recommend PriFinance to anyone looking to get a license stress-free!
Opening an account with Prifinance in a Swiss bank was such an easy and quick process that I was shocked. It all started with the first call, where I received detailed guidance on the required documents and the entire procedure.One of the key highlights was their attention to detail. As someone who usually gets tangled up in paperwork, I was pleasantly surprised when they sent me all the documents and instructions clearly and neatly. No misunderstandings!Honestly, I expected opening a Swiss bank account to be complex and time-consuming, but thanks to Prifinance, I felt like a professional financial expert. Thank you for making this process so easy and enjoyable!
Maria Jose SantomeMaria Jose Santome
20:39 13 Dec 23
I recently had the pleasure of working with Boris.. and I must say, it was a fantastic experience. Boris went above and beyond to assist me with my residency needs. His professionalism, knowledge, and dedication truly stood out. I highly recommend working with Boris and the team!
Valon StatovciValon Statovci
12:43 27 Nov 23
I used Prifinance to help me with a new corporate structure. The team were helpful and communicated well from the initial onboarding with Daniel to case handling by Karmen. They also responded to additional requests post incorporation very quickly, Thank you and would work with them again
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