Law on foreign investments of the Republic of Srpska (Official Gazette of the Republic of Srpska, no. 25/02, 24/04, 52/11, 68/13 and 21/18) and Law on Foreign Direct Investment Policy in BiH (Official Gazette of BiH, no. 17/98, 13/03, 48/10) guarantee national treatment of foreign investors, i.e. foreign investors enjoy equal rights and obligations as residents of BiH. The state or its entities may not discriminate against foreign investors on any grounds including, but not limited to, citizenship, headquarters /residence of the foreign investor, religion or country of origin of investment.
Property of foreign investors may not be nationalized, expropriated or requisitioned. However, in case of establishment of public interest, the property of foreign investors may be nationalized or expropriated, in which case foreign investors are guaranteed the right to fair compensation.
The Law on customs policies of Bosnia and Herzegovina regulates the main elements of the system for customs protection of Bosnia and Herzegovina’s economy, rights and obligations of all subjects in procedures involving customs clearance of goods and passengers.
Foreign investors may be exempt from import fees on the equipment included in free trade which presents the investment of the foreign entity.
The signing of the Stabilization and Association Agreement enables free export of almost all types of goods into the EU which meet the standards, and at the same time the BiH market is gradually opening for goods from EU according to the dynamics agreed in annexes and protocols which are part of this Agreement which provides access to market of around 450 million people.
BiH has signed the CEFTA agreement with the following countries: Albania, Montenegro, Macedonia, Moldova, Serbia, and UNMIK/Kosovo. CEFTA agreement replaces and supplements the existing agreements on free trade with certain countries in the region. This enables more transparency and game rules comparable to EU standards, as well as access to a market of around 25 million people.
Also, Bosnia and Herzegovina have signed a Free Trade Agreement with Turkey which provides additional free access to this consumer market with 70 million people.
In addition, Bosnia and Herzegovina is a signatory of free trade agreements with EFTA countries, namely Norway, Iceland, Liechtenstein and Switzerland.
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“Stop chasing the money and start chasing the passion”
– by Tony Hsieh –