How to Set Up a Company in Bolivia (2026): 8 Steps

By Easyco Updated October 14, 2026

To set up a company in Bolivia in 2026, you choose a company type (we recommend the S.R.L. for foreign founders), appoint a legal representative and sign a power of attorney, check the company name with SEPREC, sign the incorporation deed before a Bolivian notary, register the company with SEPREC to get its Matrícula de Comercio, obtain the NIT tax ID from the Servicio de Impuestos Nacionales (SIN), open a corporate bank account and get your municipal operating license. Foreigners can own 100% of the company, and the whole process can be done remotely through a power of attorney. With Easyco, it takes 2–3 months, including incorporation, government approvals and the NIT tax ID, counted from the moment all required documents are received and submitted to the Bolivian authorities.

Prefer to have it done for you? Easyco handles company formation in Bolivia for foreign founders from start to finish, including the appointment of your legal representative. Not sure which structure fits? Compare the types of companies in Bolivia.

Easyco - how to set up a company in Bolivia

Bolivia is an Andean country with a wealth of natural resources, including minerals such as iron, silver, copper and tin. Since July 2024 it has been a full member (State Party) of MERCOSUR, the South American trade bloc it shares with Brazil, Argentina, Paraguay and Uruguay. Registering a company in Bolivia involves several government agencies, and that’s exactly what we make easy.

How to set up a company in Bolivia: 8 steps

1. Choose the right company type

The right structure depends on how many partners you have, your capital and the nature of your business. These are the main types of companies in Bolivia:

Limited Liability Company (Sociedad de Responsabilidad Limitada, S.R.L.): recommended for foreign founders. The partners’ liability is limited to their contributions. It needs 2 to 25 partners and is managed by one or more managers, who can be partners or not. Most of our clients bring a second shareholder; if you don’t have one, Easyco offers a nominee shareholder service at an additional cost. Capital: there is no legal minimum. The amount is decided at incorporation, depending on the company’s activities, and is divided into equal quotas of Bs 100 or multiples of Bs 100.
Corporation (Sociedad Anónima, S.A.): suited to larger companies or companies planning to bring in investors. It needs at least 3 shareholders, whose liability is limited to the shares they subscribe, and a board of directors of 3 to 12 members. It can be formed in a single act or by public subscription of shares. Capital: no legal minimum; the amount is set at incorporation, and the subscribed capital must be at least 50% of the authorized capital.
Unipersonal Company (Empresa Unipersonal): a sole trader. One individual registers the business in their own name (only one per person). It is not a separate legal entity, so the owner is personally and fully liable for its debts. Capital: no minimum; the owner’s personal assets back the business.
Branch of a foreign company (Sucursal): lets an existing foreign company operate in Bolivia without forming a new company. The branch appoints a legal representative with broad powers, has a domicile in Bolivia and keeps separate accounts. Capital: the parent company assigns capital to the branch in bolivianos.

Bolivia does not yet have a single-owner limited liability company. A bill to create a simplified corporation (SAS) has been proposed, but it is not law.

2. Appoint a legal representative and sign the power of attorney

Every company needs a legal representative in Bolivia, who must be a Bolivian national or a foreign resident. Easyco can assign the legal representative for your company as a service.

You don’t need to travel to Bolivia. The shareholders sign a Power of Attorney (PoA) from abroad, which allows the legal representative to carry out every step locally on their behalf. Foreign shareholders will need some additional documentation.

Documents issued abroad must be apostilled (Bolivia has been part of the Hague Apostille Convention since 7 May 2018; documents from non-member countries need consular legalization), and the originals are sent to Bolivia. Documents that are not in Spanish need a translation to be accepted by the local agencies. We guide you through every document.

3. Check and reserve the company name with SEPREC

The company name is checked online with SEPREC (control de homonimia). Once the name is confirmed, it is reserved for 10 business days for an S.R.L. (20 for an S.A.) while the filing is completed.

4. Sign the incorporation deed before a notary

The company is formed by public deed (escritura pública de constitución) signed before a Bolivian notary (Notario de Fe Pública). The deed sets out the company’s name, activities, partners, capital and management. Thanks to the power of attorney, your legal representative signs it for you.

5. Register the company with SEPREC

Bolivia’s commercial registry is run by SEPREC (Servicio Plurinacional de Registro de Comercio), which took over from FUNDEMPRESA in April 2022. The legal representative files the incorporation online through Bolivia’s Ciudadanía Digital system. If the legal representative is a foreigner, proof of residency in Bolivia must be uploaded with the filing.

Once SEPREC approves the filing and the deed is published in the Registro de Comercio’s electronic gazette, the company receives its Matrícula de Comercio and registration certificates. From this point on, your company officially exists. The Matrícula must be renewed every year.

6. Get the NIT tax ID from the SIN

After SEPREC registration, the company obtains its Tax Identification Number (NIT), the Número de Identificación Tributaria, from the National Tax Service or Servicio de Impuestos Nacionales (SIN). The company registers in the SIN’s taxpayer registry with documents such as the SEPREC Matrícula de Comercio, the notarized power of attorney and the legal representative’s ID.

A physical registered office address in Bolivia is required. The legal representative completes biometric registration and document validation in person at a SIN office, so you don’t have to be there. Since January 2026, the SIN no longer carries out an on-site inspection of the address.

7. Open a corporate bank account

To start operating, your company needs a corporate bank account in Bolivia. Each bank offers different account types and benefits, and we help you choose one with good pricing on international transactions.

As of 2025, opening a corporate account in US dollars has typically required a deposit of around USD 10,000. Some banks also apply extra checks to companies with foreign shareholders, so choosing the right bank matters. Easyco can help you open the account.

8. Get the municipal operating license and register as an employer

Each municipality issues the operating license (licencia de funcionamiento), and the requirements depend on the activity and the premises. This step may include an inspection.

Before hiring, the company registers as an employer, including with a health fund such as the Caja Nacional de Salud and with the Gestora Pública de la Seguridad Social de Largo Plazo, the public entity that has managed pension contributions since May 2023. Learn more about payroll outsourcing in Bolivia, PEO and EOR services in Bolivia and accounting and tax outsourcing in Bolivia.

How long does company formation in Bolivia take?

With Easyco, setting up a company in Bolivia takes 2–3 months. That covers incorporation, government approvals and the NIT tax ID, and it is counted from the moment all required documents are received and submitted to the Bolivian authorities.

FAQ: how to register a business in Bolivia

Can foreigners register a business in Bolivia?

Yes. Foreign individuals and companies can be partners or shareholders, and foreigners can own 100% of a Bolivian company. Bolivia’s investment promotion law (Ley 516) applies to Bolivian and foreign investment alike, while the State keeps control of strategic sectors such as hydrocarbons and mining. The legal representative must be a Bolivian national or a foreign resident, and Easyco can assign one for you.

Do I need to travel to Bolivia?

No. The whole process can be done remotely through a power of attorney, and your legal representative handles the local steps for you.

Is there a minimum capital?

No. There is no legal minimum capital. The amount is decided at incorporation, depending on the company’s activities.

Can one person own a company in Bolivia?

An S.R.L. needs at least 2 partners. Most of our clients bring a second shareholder, and if you don’t have one, Easyco offers a nominee shareholder service at an additional cost. The only one-owner option is the unipersonal company, a sole trader with unlimited liability.

How much does company formation in Bolivia cost?

It depends on the company type and the services you need. Contact us for a quote.

Do I need a registered address in Bolivia?

Yes. A physical registered address in Bolivia is required.

What is SEPREC?

SEPREC (Servicio Plurinacional de Registro de Comercio) is Bolivia’s public commercial registry. It was created by Supreme Decree 4596 of October 6, 2021, and took over the Registro de Comercio from Fundempresa on April 1, 2022. It issues and renews the Matrícula de Comercio.

Company formation in Bolivia with Easyco

Bolivia is growing and keen to attract foreign investors from around the world. To make sure you register your company the right way, get in touch with us: our team of experts will make sure you comply with all Bolivian laws.

At Easyco, we make company formation in Bolivia easy. Our team of corporate experts has vast experience helping companies and individuals register their business in Bolivia, fully remotely and hassle-free. It takes 2–3 months once all required documents are received and submitted to the Bolivian authorities. Contact us for a quote.

Start your company in Bolivia today!

Easyco also provides additional services to keep your company compliant: