Visual Stories of Female Entrepreneurs

IFTF#Success 2014
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IFTF Warsaw 2012
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Bosnia and Herzegovina

Financial Sector Enabling Environment in Bosnia and Herzegovina

Bosnia and Herzegovina
Ease of doing business (rank)	126
Starting a business (rank)	162
Starting a business - Cost (% of income per capita)	14.9
Starting a business - Procedures (number)	11
Starting a business - Time (days)	37
Starting a business - Minimum capital (% of income per capita)	29.1
Dealing with construction permits (rank)	163
Dealing with construction permits - Cost (% of income per capita)	1102.1
Dealing with construction permits - Procedures (number)	17
Dealing with construction permits - Time (days)	180
Registering property (rank)	93
Cost (% of property value)	5.3
Procedures (number)	7
Time (days)	25
Protecting Investors (rank)	100
Getting credit (rank)	70
Trading across borders (rank)	103
Enforcing contracts (rank)	120
Enforcing Contracts - Cost (as % of claim)	34
Enforcing Contracts - Procedures (number)	37
Enforcing Contracts - Time (days)	595
Resolving insolvency (rank)	83

Source: World Bank Doing Business 2013 (RANK: Best=1; Worst=185)

Registering property

Bosnia and Herzegovina made it easier to transfer property between companies by computerizing the commercial registry.

Getting credit

Bosnia and Herzegovina made access to credit information more difficult by stop-ping the private credit bureau’s collection of credit information on individuals.

Paying taxes

Bosnia and Herzegovina eased the administrative burden of fi ling and paying social security contributions by implementing electronic filing and payment systems.

Conclusion

Enforcing contracts and registering property remains very difficult in Bosnia and Herzegovina. Corruption is still large obstacle to the business and investment.

The most problematic factors for doing business in Bosnia and Herzegovina:

Access to financing
Policy instability
Tax rates
Government instability/coups
Inflation
Tax regulations
Inefficient government bureaucracy

Detailed PFS Bosnia and Herzegovina High Level Financial Sector Overview Oct 2012 can be downloaded here.

Detailed PFS Regional Benchmarking Report Oct 2012 can be downloaded here.

IFTF Members from Bosnia and Herzegovina

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