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Bosnia and Herzegovina Rides the Crypto Wave: A Buzz Interview with Sanja Djukic of Sajic

Bosnia and Herzegovina Rides the Crypto Wave: A Buzz Interview with Sanja Djukic of Sajic

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Recently, there has been a surge in interest in establishing cryptocurrency companies in Bosnia and Herzegovina – spurred by favorable tax conditions – accompanied by increasing investments from the EU and China in renewable energy and infrastructure projects, according to Sajic Law Firm Senior Partner Sanja Djukic.

"Bosnia and Herzegovina is currently seeing a notable uptick in interest from international investors," Djukic begins. "One of the most significant trends we've observed is the increasing number of clients looking to establish cryptocurrency companies, especially in the Republic of Srpska and Federation of Bosnia and Herzegovina. This surge in inquiries reflects a broader growing interest in the region's potential for cryptocurrency business ventures."

"Establishing such companies involves navigating several steps and understanding specific requirements," Djukic continues, highlighting different procedures and necessary documentation for different entities. "Unfortunately, electronic registration isn't available, and we must prepare all documents manually, go through a notary, and complete several registration steps. While the procedures in the Federation are somewhat similar to those in Srpska, there are some differences in the documentation required," she adds.

According to Djukic, the trend is mainly driven by the country’s favorable tax legislation and investment climate. "We have numerous clients from EU countries who are considering investing in cryptocurrency businesses here. This emerging trend is driven by the perception of promising returns and the favorable tax environment. With a profit tax rate of just 10%, which is lower than many EU countries, the financial incentives are compelling." Additionally, she highlights that "the regulatory and operational requirements for firms here are relatively straightforward and less burdensome, making this region an attractive destination for establishing their companies."

"We are also seeing significant interest from clients in the EU and China who are keen to invest in hydro, wind, solar, and renewable energy projects in Bosnia and Herzegovina," Djukic continues. "With the country's abundant natural resources – hydro, wind, solar, and more – there is considerable potential for developing these energy sectors. Many investors are eager to capitalize on this opportunity." In addition to energy, Djukic highlights that Chinese investors are increasingly active in "Bosnia and Herzegovina's infrastructure, including railway and roadway projects."

"I believe these projects can be successfully realized here, as Bosnia and Herzegovina is welcoming to foreign investments," Djukic states. "This influx is beneficial for both our economy and the country. The establishment of new companies will not only bring fresh capital but also create new employment opportunities. Although the timeline for these projects is uncertain, their implementation will be a significant boost for our country. These large-scale, costly projects will require substantial resources and capacities, further stimulating local development."

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