Located in southern Europe, Bosnia and Herzegovina (B & H) is a country with a developed economy, promising prospects and excellent business conditions. The country is open to international economic cooperation, trade and foreign investment, as evidenced by successful projects in various sectors. Of particular interest are the information technology and crypto industries, which have numerous advantages due to the favorable investment climate.
Cryptocurrency licenses show customers and investors that your business is legitimate and trustworthy.
Protect your business
A license ensures you meet legal standards and protects your business from fines or going out of business.
Entering new markets
With licenses, you can do business in more markets and build better partnerships.
Advantages of Bosnia and Herzegovina
The use of cryptocurrencies in Bosnia and Herzegovina is very promising and can bring numerous benefits. Each benefit, and especially all the benefits combined, makes BiH the best option.
short time
The establishment of a company in Bosnia and Herzegovina is very fast, the registration process is simple, and it can be operational within a few days. The chosen region of the country will be Republika Srpska, as the Federation of Bosnia and Herzegovina does not yet regulate cryptocurrencies (however, the regulatory law may be updated in 2025, when the possibilities will be further expanded).
Attractive tax system
Bosnia and Herzegovina has a very favourable tax policy, with a profit tax rate of only 10 per cent and no dividend tax. This minimizes the tax burden on cryptocurrency companies and offers customers the most favorable terms. In addition, cryptocurrency companies do not need to obtain a VAT number once they start operating.
Region of Europe
The country borders several European countries and has direct links with the European Union. This makes business travel fast and convenient, minimizing the time and expenses required for business travel.
National legislation
Bosnia and Herzegovina is not a member of the EU and can therefore be exempted from the EU's stricter requirements. This enables the country to provide an efficient operating environment for crypto companies while not being subject to MiCA regulations. Companies do not have to comply with additional requirements, such as high equity and audits.
Small equity
The low requirement for equity contributions allows international entrepreneurs to launch their projects with minimal risk and obligation. This allows the company to get off the ground easily and without the burden of liability on the owner.
Wide range of possibilities
The business of B & H's cryptocurrency company includes the conversion of virtual currency into fiat currency, the conversion of fiat currency into virtual currency, the conversion of virtual currency into another virtual currency, the storage of virtual currency on behalf of customers, the transfer of virtual currency between wallets, and the ICO of tokens.
No physical office required
In the Federation of Bosnia and Herzegovina, there is no requirement to maintain entity offices. Crypto companies only need to use a registered legal address to operate efficiently and fulfill their legal obligations, which is cost-effective.
Bosnia and Herzegovina Cryptocurrency Licensing Roadmap
Our team (including individual managers) will provide all the necessary support at every stage. We will carefully review all your documents, guide you to the next steps, and make recommendations on your preferred option.
Preparing KYC files
First of all, it is necessary to prepare KYC information about the founders of the company, to prepare a draft document and plan further steps.
Company Registration Procedure
Incorporation of companies through notaries and courts. To complete this procedure, the director of a crypto company can be a resident of the country or receive a "white card", but must travel to Bosnia and Herzegovina in person. If there are difficulties in traveling to BiH, it is also possible to assist in the recruitment of local directors as a separate service.
Opening a company account
To complete the company registration procedure, a company account must be in place to deposit the share capital (500 euros is enough).
Appointment of Money Laundering Reporting Officer
As in any professional jurisdiction, companies are required by law to employ an anti-money laundering obligation supervisor who is responsible for communicating with regulators, notifying suspicious transactions and responding to anti-money laundering requests. If necessary, assistance is also available as a separate service to assist in the recruitment of anti-money-laundering monitors.
Company receives VASP certification
The Securities Commission (Komisija za vrijednosne papire FBiH) notified the new company that will operate in the cryptocurrency space, after which the company will be qualified as a virtual asset service provider or a crypto asset service provider.
Post-registration procedures
The final stage of establishing a VASP company, including the filing of a small number of notices to other government agencies and the preparation of corporate documents. This phase will be handled by our company's lawyers.
Bosnia and Herzegovina Cryptocurrency Exchange License Service Package
Basic solution
€5 500
Legal advice throughout the process
Assistance in obtaining "White Card"
The company registration procedure includes all fees
Opening a company account
Develop AML/KYC policies
Get a Cryptocurrency License
Representation of the Company in the Securities Commission
The best solution
€8 300
Legal advice throughout the process
Assistance in obtaining "White Card"
The company registration procedure includes all fees
Opening a company account
Develop AML/KYC policies
Get a Cryptocurrency License
Representation of the Company in the Securities Commission
Registration of local legal address for one year
A set of annotated company documents
Professional Solutions
€11 900
Legal advice throughout the process
Recruitment and appointment of local directors and multilateral liaison officers
The company registration procedure includes all fees
Opening a company account
Develop AML/KYC policies
Get a Cryptocurrency License
Representation of the Company in the Securities Commission
Registration of local legal address for one year
A set of annotated company documents
Preparation of expert legal opinions
Requirements for obtaining an encryption license
Legal entity
To start a cryptocurrency project, you need to register a legal entity in Bosnia and Herzegovina. Foreign companies are currently unable to obtain licenses.
Bank Account Opening
In order to contribute to the share capital, a special bank account must be opened in the Bank of Bosnia and Herzegovina. After registration, the company can open an account in any country in the world.
Internal AML/KYC Rules
Each VASP must have anti-money laundering/"know your customer" (AML/KYC) rules in accordance with the law and FATF recommendations in order to do business. This document will also be prepared in English and may be used for the intended purpose.
Director's work permit
A company director is not required to be employed under an employment contract and receive a salary, but he must hold a work permit or "white card" to be appointed. Please note that the director does not have to be a tax resident and does not have to reside in BiH for more than 180 days.
Employment of multilateral liaison officers
Unlike a director, a money-laundering reporting officer must be hired under an employment contract. His professional skills and expertise will be an advantage.
Government authorities
Legal entities must be registered with the Tax Office, the Bureau of Statistics and the Securities and Exchange Commission. Other State agencies may also be involved if required by law.
Frequently Asked Questions (FAQ)
What is a B & H encryption license?
The cryptocurrency license in Bosnia and Herzegovina is the same as the VASP authorization in Europe-the type of activity (engaging in cryptocurrencies or virtual assets) is selected according to the state regulations.
Why choose a B & H encryption license?
Because this jurisdiction enjoys all the advantages of the European region, but has no obvious disadvantages (such as MiCA requirements).
How long does it take to get a B & H encryption license?
The processing time depends on the appointment of the local director or whether you are present in person. It takes about 4-6 weeks from the date of receipt of the KYC document.
Are there any restrictions on the turnover of cryptocurrency or fiat money?
No, the law does not provide for limits on turnover.
Is it possible to hold a B & H cryptocurrency license to conduct business in other countries?
The B & H license allows you to conduct business globally, but excludes countries with local restrictions (USA, Netherlands, China, etc.) and countries on the sanctions list (North Korea, Iran, etc.).
Is it possible not to get a license?
If all documents are prepared and submitted correctly, you will be issued an encryption license. Our experts carefully review all stages of the process.
Need some help?
Connect with our licensing experts to discuss a solution tailored to your business. We will provide you with a personalized offer within 1 hour of the working day.
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