Business
Código de Comercio companies registered through SEPREC
Companies are formed under the 1977 Código de Comercio, commonly as a sociedad de responsabilidad limitada or sociedad anónima. Registration moved in 2022 from the concessionaire FUNDEMPRESA to the state Servicio Plurinacional de Registro de Comercio (SEPREC), which operates an electronic registry. A NIT is obtained from the Servicio de Impuestos Nacionales.
Key rules
- Jurisdiction — National commercial law administered by SEPREC
- Deadline — Commercial registration renewed annually (matrícula de comercio)
- Deadline — Annual financial statements filed with SEPREC and the tax authority
Governing law
- Código de ComercioDecreto Ley 14379/1977
- Decreto Supremo 4649SEPREC
In practice
The 2022 transfer of the commercial registry from a private concessionaire to the state SEPREC changed procedures, fees and online systems, so guidance referring to FUNDEMPRESA is out of date. Foreign investment is governed by Ley 516 of 2014, which requires that investment contribute to the state development plan and channels dispute resolution primarily to domestic fora, Bolivia having withdrawn from ICSID in 2007.