From a certain time to the present day, people have developed ideas that have been useful to improve people’s quality of life, said they have been the origin to create a company and that requires some requirements.
As every country has its own requirements, in Bolivia the requirements to create a company will explain in this article.
Requirements to create a company in Bolivia
The requirements to create a company They will depend on the type of company that is intended to be created, which would be the sole proprietorship.
Unipersonal. (Single owner or owner)
Fundamental Requirements: The owner must be Bolivian or foreigner with Bolivian Identity Card for foreigners.
Societies. (2 or more people) * Limited Liability Company
Anonymous society
Fundamental Requirements: Foreigners can form the company with a passport, but the Legal Representative (General Manager) must be Bolivian or a foreigner with a Bolivian identity card for foreigners.
There are also things that a person must have when creating a company and they are the following registration.
- FUNDEMPRESA
- WITHOUT
- MUNICIPAL GOVERNMENT
- HEALTH BOX
- AFP´S
- LABOR MINISTRY
Documents to create a company in Bolivia
Documents for natural persons
- Affidavit Form No. 0020 of the Trade Registration Application duly filled out and signed by the owner or legal representative of the company.
- Original identity card of the merchant or owner (only for verification) and Simple photocopy of the merchant’s identity card.
- Opening Balance signed by the owner or legal representative and the professional involved, accompanying the original professional solvency granted by the College of Accountants or Auditors.
limited liability company
- Affidavit Form No. 0020 of the Trade Registration Application duly filled out and signed by the owner or legal representative of the company.
- Opening Balance signed by the owner or legal representative and the professional involved, accompanying the original professional solvency granted by the College of Accountants or Auditors.
- Testimony of public deed of company constitution, in original and legible legalized photocopy. The aforementioned instrument must contain the aspects provided for in Art.127 of the Commercial Code and adapt to the regulations corresponding to the respective type of company established in the same regulatory body.
- Publication of the constitution statement in a newspaper with national circulation that contains the pertinent parts referred to:
- Notarial introduction of the public deed stating the instrument No., place, date, Notary of Public Faith and Judicial District;
- Full and textual transcription of the clauses established in subsections 1 to 7 of Art. 127 of the Commercial Code and
- Concordance conclusion of the intervention of the Notary Public. (Attach full page of the newspaper in which the publication is made).
- Power of attorney of the original legal representative or legible legalized photocopy, in the case in which the public deed of incorporation does not determine the appointment of the same. The inclusion of the minutes of the assembly is not required.
Anonymous society
In the same way are points 1, 2 and 4 of (SRL) but attached the following.
- Testimony of the public deed of company constitution in original or legible legalized photocopy, with the insertion of the foundation act of the company that contains the resolution of approval of the bylaws and appointment of the provisional board of directors. The aforementioned instrument must contain the aspects provided for in the Art.127 of the Commercial Code and adapt to the regulations corresponding to the respective type of company established in the same regulatory body.
- Bylaws of the company, the same that can be inserted in the articles of incorporation or instrumentalized separately in a notarial testimony.
- Bank deposit certificate issued by any financial institution in the country, which records the capital paid in money. The current bank account must be in the name of the company being formed.
Steps to create a company in Bolivia
To create a company in Bolivia you must have what is going to be mentioned below
found company
What does Fundempresa do?
It is who grants the businessman the Trade Registration.
What is it for?
To acquire the quality of merchant with legal recognition of the State to develop their business activities.
Steps for your fundempresa registration
- Verify the availability of the name that your company will use through the homonymy control process. “The control of homonymy is the client’s operating mechanism to find out the viability of the use of the name. In order to establish if the commercial name is not registered”.
- Requirements for your registration:
- Form No. 0010/03 request for Homonymy Control, duly filled out and signed by the client. Costs Sole Proprietorship or Individual Merchants Bs .78 Limited Liability Company (SRL) Bs .136, 50 Public Limited Company (SA) Bs.175
- Choose the type of company. 3. Make the registration of your company in the trade registry according to the type of company that your company will have.
National Tax Service
What does?
Register in the National Taxpayer Register to obtain the NIT, which is the tax identification number.
What is it for?
To be registered and able to function legally.
Operating license
What does?
Authorizes the opening of an economic activity
What is it for?
To obtain authorization through the F-401 License. Municipal Operation, in accordance with the affidavit.
For general economic activities
Natural Persons Folder with clip containing the following documentation
- Affidavit F-401 in case of not having a PMC; F-402 if you have a PMC (collect and fill in the taxpayer service platform).
- Original and photocopy of the holder’s identity card.
- Photocopy of electricity bill (front and back), proving the address of the domicile of the economic activity.
- Photocopy of the NIT and registration certificate (if any).
- Sketch of the location of the economic activity and distribution surface of the rooms, expressed in mts2.
- For activities that have a surface area greater than 150 m2. You must submit a plan drawn up by an architect.
For Legal Entities add the following:
- Original and photocopy of the identity card of the attorney or legal representative. 8. Photocopy of company constitution testimony.
- Original and photocopy of the power of attorney of the legal representative (updated).
Place of attention: Customer service platform of the Tax Revenue Area-Economic Activities Units and operating licenses, Armando Escobar Uría building (former State Bank), ground floor. Sub-mayor’s office in the southern zone, macro district V, through the citizen service platform Sitr@m.
Duration time:
5 business days
For industrial activities
Natural Persons Folder with clip containing the following documentation:
- Affidavit F-401 (in case of not having a PCM) or the affidavit F402 (in case of having a PMC).
- Original and photocopy of the holder’s identity card.
- Photocopy of the last electricity bill (front and back) that proves the address of the domicile of the economic activity.
- Photocopy of the NIT and registration certificate (if applicable).
- Sketch of location of the economic activity and distribution surface expressed in mts2.
- For activities that have a surface area greater than 150 m2, you must submit a plan drawn up by an architect.
- Original form and photocopy of the «Industrial Environmental Registry» (RAI), issued by the GMLP Environmental Quality Department.
- Industrial categorization letter, issued by the GMLP Environmental Quality Department.
- Certificate acoustic, issued by the Department of Environmental Quality (for activities that generate noise).
- Letter of authorization signed by the owner of the property of knowledge of the operation of the industrial activity, in case of being rented or anticretic.
- SENASAC certificate and health cards issued by the Prefecture of the Department or food handling issued by the GMLP (in the case of food industries).
- For Legal Entities add the following:
- Original and photocopy of the identity card of the attorney or legal representative.
- Photocopy of the testimony of company constitution.
- Original and photocopy of the notarized power of attorney of the legal representative.
Place of attention:
Special Collection Unit, through the Tax Revenue Area and the Environmental Quality Directorate South Sub-mayor, Macro district V. dependent on the 0 Senior Technical Office.
Duration time:
- 5 business days
National Health Fund
What does?
Affiliates the employer and the worker to the National Health Fund.
What is it for?
For your staff to attend in case of common illnesses and accidents that are not necessarily related to work activity or working conditions.
Requirements for companies
- Form. AVC-01 unfilled
- Form. AVC-02 unfilled
- Form. RCI-1A fill
- Request addressed to the HEAD OF THE DEPARTMENT. NAL. MEMBERSHIP.
- Photocopy of the identity card. of the person in charge or Legal Representatives.
- NIT photocopy.
- Opening Balance approved and signed by the NATIONAL INTERNAL REVENUE SERVICE with its photocopy.
- Original payroll and three copies (sealed and signed).
- Staff name with date of birth.
- Company location sketch. 11. Pre-Occupational Examination (100.bolivianos. per worker) must be deposited at window 4 (treasury division).
Requirements for worker affiliation
- Form Avc-04 «Sealed and signed by the company».
- Avc-05 form not filled out.
- Photocopy of the worker’s identity card.
- Original and digital birth certificate or military service book
- Last payment slip or salary sheet stamped by contributions
Place of attention:
The documentation must be presented in a folder in the Business Affiliation Section, 2nd. National Office Floor.
Address: Calle Ayacucho esq. Market No. 1200, Phone: 2313316
Web page: http://www.cns.gob.bo/cns_infoempresas.php
Pension Fund Administrator
What does?
Register in the long-term Mandatory Social Security
What is it for?
For the well-being of its employees with fair and dignified pensions· “The Pension Fund Administrators are in charge of managing the resources of the workers when they reach an advanced age. The main objective is to increase the level of savings in the country, in accordance with current laws.
labor ministry
What does?
Register as an employer before the MTEPS and obtain the Certificate of Registration in the Registry
What is it for?
So that he is authorized and can make use of the use of the Assistance Book and/or Alternative Personnel Control System as well as the opening of the Accident Book.
Requirements:
Compulsory Employer Registration Form (ROE) filled out (3 Copies).
Deposit of 80 Bs to the account number: 501-5034475-3-17 of the Banco de Crédito de Bolivia legal regulations in force in the country.
The Employer and/or Company registered in the aforementioned Registry must submit the process of Visa for Quarterly Wages and Salaries.
Institution where it is processed
General Directorate of Labor and Departmental Directorates of Labor Unit or other name. Departmental or regional Labor Headquarters
Duration time
Three days
Place of attention: Offices of the Ministry of Labour, Employment and Social Welfare nationwide
Web address: www.mintrabajo.gob.bo
Legal framework of a company
Legal framework forms or modalities legal to operate The laws are usually interpreted as a set of restrictions on the activities of companies. BUT! It obeys more to the need to channel the outline of a project, in this case, of the economic and social development of the country.
What is a company?
A company is a productive unit grouped together and dedicated to developing a profit-oriented economic activity. In our society, the continuous creation of companies is very common.
In general, a company can also be defined as a unit made up of a group of people, material and financial assets, with the aim of producing something or providing a service that covers a need and for which benefits are obtained.
Company types
In Bolivia there are several types of companies, the most common are:
- Collective society. (SC)
- Simple Limited Partnership. (SCS)
- Limited Liability Company. (SRL)
- Anonymous society. …
- Partnership Limited by Shares. …
- Accidental Association or Participation Accounts.
Classification according to their economic activity
Depending on the activity they are engaged in, we can talk about companies of:
Primary sector (agriculture)
Secondary sector (industry)
Tertiary sector (services)
Classification according to its creation
Regarding the constitution of a company we can talk about different types:
sole proprietorships
Anonymous Societies
Limited Liability Companies
cooperatives
Ideas for companies in Bolivia
Logistics
Hurtado assures that logistics services, product distribution and market studies can become very profitable today, due to the growth that the national market is experiencing. “Take products to provinces, remote municipalities and mining centers it is a great business opportunity”, affirms the expert; explaining that the convenience arises because sometimes it is difficult for the distributor of products to reach certain places.
Small services that work in parallel to large commercial chains
Another opportunity that can be very convenient is Invest around the focus of people’s concentrationsuch as shopping centers, since the public usually waits between 5 and 20 minutes to carry out an operation in those places and, while the consumer waits, «Small businesses can be made that offer drinks, food and distraction alternatives», ensures.
Construction sector
As for this sector, it is quite broad and therefore offers variants where you can invest; being some of them the property beautification (things related to decoration), the maintenance of the same or until sale of products for the improvement of places, among other options.
Technological services
The sale of technological services is an excellent business today, where most people almost compulsively try to acquire the latest technology, especially if it has to do with mobile phones. Hurtado explains that In the case of wanting to export, information technology services should be preferred. «The investment for an iPhone application is zero, only the ability of the person to develop the application is important,» she says.
Foods organic
The production of organic food has increased considerably in recent years, and with a good logistics service to be able to distribute it, it can be a very good business; like the natural fruit juices, which grew by 500%, and vegetarian restaurants. Although the marketing these products is more difficult than that of mass products, it is much more profitable.
study market
What will be studied is how the company will be implemented In other words, the place where the company is going to be created must be taken into account, based on whether there are professionals on the site that the company needs so that it can be formed, if there is an access road to the place where the company is going to be installed. and if there are all public services such as water and electricity.
It is also super important that where the company is going to be installed, there is the public where there is the greatest consumption of the product or service that it is going to produce, to avoid unnecessary expenses when the company is just opening its doors to the public.
choose name
A name must be chosen which has not been repeated for another company and the name must be reserved in the commercial registry
Create marketing plan
This is one of the most important points that should appear in your marketing plan because it will give you a objective view of the situation of your business in the market compared to your competitors. This will be very useful for you to know how you can differentiate yourself from them and in which aspects you are stronger and in which you need to improve.
To complete this section of the marketing plan, I recommend that you carry out a study of at least the following factors of your company:
- Political, social and economic situation of the sector to which your company belongs. For this it is necessary that you also have your marketing budget on hand. Here’s a template:
Customizable template to create your Marketing Budget - characteristics of your potential audience (target group). At this point it is important that you know both their sociodemographic characteristics (age, location, sex…) and those that have more to do with their behavior and psychology (motivations, fears, expectations…).
- Main features of your competence. It is important that you analyze both the positive and the negative.
- Main features of your business. At this point it is also advisable to obtain the advantages and disadvantages compared to our competitors. In this way, you will be able to have more information about your exact situation in the market.
To help you in this research process and to finalize it, it is advisable to carry out a SWOT matrix because it will give you important data about the aspects to improve or about what you are doing well, among other things.
Remember that a SWOT matrix is a table that shows the strengths, weaknesses, threats and opportunities of the company.
Evaluate locations
The locations must have the capacity and availability to set up the company, have the necessary space, have the availability of water and electricity that the company needs, also have the necessary bathrooms for all the personnel that will work in the place. .
It is very important that the entrepreneur thoroughly check the facilities where he wishes to install his company so that he avoids greater evils that can cause unnecessary costs to the company.
Create web domain for the company
With the creation of the web domain, the entrepreneur can provide information about the company through the Internet, showing the vision, the mission of the company, what the company is dedicated to and at the same time provide publicity not only for the product or service they produce, In a few words, the web domain is very useful for the company to offer information about itself to the general public.
To create the web domain you must request them from your Internet provider or from the companies that are in charge of selling this service. The entrepreneur must have a computer specialist, if he does not know how to manage a domain, because if he wants his web page to be useful for his public, it must work as it should.
Consider the Human Resource
Yes, human resources should be considered if the company requires it, since depending on what the company is going to dedicate, the number of people who will work in it will be necessary, but the adequate personnel must be available.
Establish Organizable Bylaws
When establishing the statuses, a position can be assigned to the personnel who participated in the creation of the company, designating each position according to the knowledge that the person manages. It should be said that the statuses can be held by people who did not participate in the creation of the company, but have the capacity to occupy the position
The organization’s status will depend on the type of company that is going to be created
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