Crypto license in Bosnia and Herzegovina

Bosnia and Herzegovina (B&H), located in southern Europe, is an economically developed and promising country with favorable business conditions. The country is open to international economic cooperation, trade, and foreign investments, as evidenced by successful projects in various sectors. Of particular interest are the IT and crypto sectors, which offer numerous advantages due to the favorable investment climate.

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Advantages of Bosnia and Herzegovina

Dealing with cryptocurrency in Bosnia and Herzegovina is highly promising and offers numerous benefits. Each of them, and especially all of them together, make B&H the best choice.

Short timeframes

Setting up a company in Bosnia and Herzegovina is exceptionally quick, with a straightforward registration process that allows businesses to be operational in some days.The selected region in the country will be the Republic of Srpska, since the Federation of Bosnia and Herzegovina does not yet regulate cryptocurrency (however, a regulatory law may be updated in 2025 and then the possibilities will expand even more).

Attractive tax system

Bosnia and Herzegovina boasts a very favorable tax policy, with a profit tax rate of only 10% and no tax on dividends. This allows cryptocurrency companies to have a minimal tax burden and offer clients the most favorable conditions.In addition, once crypto companies begin their activities, they are not required to obtain a VAT number.

European region

The country borders several European nations and has direct connections to the European Union. This enables quick and convenient travel for business purposes, minimizing both time and expenses associated with business trips.The country is strongly associated with Europe in the cryptocurrency market, which can bring additional benefits.

National legislation

Bosnia and Herzegovina is not a member of the European Union, allowing it to remain independent from stricter EU requirements. This enables the country to provide an effective operating environment for crypto companies while not being subject to MiCA regulations.The company will not need to comply with increased requirements, such as high share capital and audit.

Small share capital

The low requirements for share capital contributions enable international entrepreneurs to launch their projects with minimal risks and obligations. This makes it possible for the company to start easily and does not burden the owner with responsibility.

Wide range of possibilities

Crypto company in B&H includes in its activities exchange of virtual currency to fiat currency, exchange of fiat currency to virtual currency, exchange of virtual currency to another virtual currency, storage of virtual currency on behalf of your clients, transfer of virtual currency between wallets and ICO of utility tokens.

No Physical Office Requirement

In the Federation of Bosnia and Herzegovina, there is no requirement to maintain a physical office. Crypto companies can effectively operate and fulfill their legal obligations using only a registered legal address, which offers cost-effectiveness.

The roadmap to crypto licensing in Bosnia and Herzegovina

Our team, including personal managers, will provide all the necessary support at every stage. We will carefully review all your documents, instruct you on next steps, and also make recommendations regarding your preferred options.

KYC documents preparation

First of all, it is necessary to prepare KYC information regarding the founder of the company to prepare document drafts and plan further steps.At this stage, detailed information about the jurisdiction will be provided.

Company registration procedure

Company’s set up going through the notary office and the court register. To complete this procedure, the director of a crypto company can either be a resident of the country or receive a “white card”, for which it is necessary to visit Bosnia and Herzegovina in person. Assistance with local director’s hiring can also be provided as a separate service if travel to B&H may be difficult.

Corporate account opening

To complete the company registration procedure, it is necessary to have a corporate account to deposit the share capital (500 EUR is enough).

Money laundering reporting officer appointment

As in any professional jurisdiction, the law requires the company to have an employed MLRO who will communicate with the Regulator, notify of suspicious transactions and respond to AML requests. Assistance with MLRO’s hiring can also be provided as a separate service if it is necessary.

The company certification as a VASP

Notification of the Securities Commission (Komisija za vrijednosne papire FBiH) about a new company that will operate in the field of cryptocurrency, after which the company will be qualified as a virtual asset service provider or crypto asset service provider.

Post-registration procedure

The final stage of incorporation is a VASP company, which includes minor notifications to other government agencies and the preparation of company documents. This stage will be performed by a lawyer from our company.

Service packages for crypto exchange license in Bosnia and Herzegovina

Basic Solution

^€5 500
- Legal consulting during the whole process
- Assistance with „white card“ obtaining
- Company registration procedure with all fees included
- Corporate account opening
- Development of AML/KYC Policies
- Crypto licence acquisition
- Representation of the company before the Securities Commission
Užsisakyti dabar
Optimal solution

^€8 300
- Legal consulting during the whole process
- Assistance with „white card“ obtaining
- Company registration procedure with all fees included
- Corporate account opening
- Development of AML/KYC Policies
- Crypto licence acquisition
- Representation of the company before the Securities Commission
- Local legal address registration for one year
- Set of apostilled corporate documents
Užsisakyti dabar
Professional solution

^€11 900
- Legal consulting during the whole process
- Local director and MLRO hiring and appointment
- Company registration procedure with all fees included
- Corporate account opening
- Development of AML/KYC Policies
- Crypto licence acquisition
- Representation of the company before the Securities Commission
- Local legal address registration for one year
- Set of apostilled corporate documents
- Expert legal opinion preparation
Užsisakyti dabar

Requirements for obtaining a crypto license

Legal entity

To launch a crypto project, you need to register a legal entity in Bosnia and Herzegovina. Obtaining a license for a foreign company is currently unavaliable.

Bank account opening

To contribute the share capital, it is mandatory to open a special bank account in Bosnia and Heregovina’s bank. After registration, the company can open an account in any country in the world.

Internal AML/KYC rules

To operate, each VASP is required to have AML/KYC rules drawn up in accordance with the legislation and FATF recommendations. This document will also be prepared in English and can be used for the intended purposes.

Work permit for director

The director of the company is not required to be hired under an employment contract and receive a salary, however, in order to be appointed he must have a work permit or a “white card”. Please note that the director does not have to become a tax resident and reside in B&H for more than 180 days.

MLRO officer employment

Unlike the director, the money laundering reporting officer must be hired under an employment contract. His professional skills and expertise will be an advantage.

Governement authorities

A legal entity must be registered in the Tax Authorities, the Statistical Bureau and the Securities and Exchange Commission. Other state agencies may be involved if required by law.

Experts in the field

Dmitry M. Head of Sales Department Kontaktas

Mark M. Sales Representative Kontaktas

FAQ

What is B&H crypto license?

Crypto license in Bosnia and Herzegovina is the same as a VASP authorization in Europe – chosen type of activity (to work with crypto or virtual assets) under the state regulation.

Why should I choose B&H crypto license?

Because this jurisdiction enjoys all the advantages of the European region, but is devoid of significant disadvantages (for example, such as MiCA requirements).

How long does it take to obtain a B&H crypto license?

The timing of the process depends on the appointment of a local director or your physical presence at the deal. The approximate time frames are 4-6 weeks from the date of receipt of the KYC documents.

Are there any restrictions on the turnover of cryptocurrency or fiat funds?

No, there are no restrictions on turnover provided by law.

Can I operate in other countries with a B&H crypto license?

A B&H license allows you to operate worldwide, excluding the countries that have their own local restrictions (USA, Netherlands, China, etc.) and countries on the sanctions list (North Korea, Iran, etc.).

Is it possible not to obtain the license?

If all documents are prepared and submitted correctly, you will obtain a crypto license. Our specialists carefully go through all stages of the process.

Get Your Crypto License in Bosnia and Herzegovina!

Bosnia and Herzegovina is an economically developed and promising country with favorable business conditions. Open to international economic cooperation, trade, and foreign investments, the country offers numerous advantages for the IT and crypto sectors due to its favorable investment climate.

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