News in English     | 03.07.2023. 12:59 |

Integrated online system for registering business entities in FBiH to be launched tomorrow

FENA Press release, Photo: Općinski sud Travnik

SARAJEVO, July 3 (FENA) - The promotion of the integrated and online system for the registration of business entities in the FBiH will be held on Tuesday, July 4 in Travnik, in the first Municipal Court that begins the application of this project.

As part of the activities with the Government of the Federation of Bosnia and Herzegovina, the LIFE Project provided technical assistance to ministries, including the Ministry of Justice, the Ministry of Finance, the Ministry of Development, Entrepreneurship and Crafts, the General Secretariat of the FBiH Government, the FBiH Tax Administration, and ten municipal courts in the process of digital transformation of the registration procedure in the FBiH.

The LIFE Project has supported institutions at all levels of government in Bosnia and Herzegovina with the aim of strengthening the competitiveness and development of the private sector.

Through the activities so far, the reform processes have contributed to the inflow of 50 million KM of new investments/reinvestments, the creation of 521 jobs, and more than 13 million KM of savings to the private sector through the rationalization of administrative procedures.

The project is implemented by the International Finance Corporation (IFC), a member of the World Bank Group, and is financed by the Swiss Secretariat for Economic Affairs. The value of the Online Registration System in the FBiH is 2.3 million KM.

 

(FENA) S. R.

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