Bosnia and Herzegovina
Our clients in Bosnia and Herzegovina include multinational concerns as well as medium-sized companies from all business sectors who, like us, have recognised the potential of this fast-growing market. We have been assisting our clients with market entry into Bosnia and Herzegovina since 2007, and every year we have successfully completed many projects together - mainly in the fields of renewable energies, construction and infrastructure, but also for banks, health care institutions and life sciences companies.
Do you already have a presence in Bosnia and Herzegovina, or are you planning to launch your business here in the near future? A seasoned CMS legal team of 10 with national and international experience and an excellent local network are here to expertly guide you through the complexities of the local legal system.
While the legal system of Bosnia and Herzegovina is stable and functioning, the political reality of a country divided into two jurisdictions, each with its own constitution and a decentralised state power structure, lends an element of complexity to the overall situation. The reality is that there are few national government control mechanisms and therefore no unified legislation. This means, for example, that even in important areas such as company law, each of the two entities has its own unique system. Our legal team fully understand how to use this statutory framework to your commercial advantage.
Since Bosnia and Herzegovina is in need of foreign investment, the barriers to investment are steadily being taken down and efforts to align national laws with EU law are moving ahead. While these developments undoubtedly increase the country's ability to attract investment, unresolved issues regarding trade and company law remain.
If you too are looking to leverage your opportunities in Bosnia and Herzegovina and are in search of legal advice and support from an experienced law firm with an international perspective, kindly contact us any time online, by email or by telephone.